In a move set to bring relief to exporters, the Directorate General of Foreign Trade (DGFT) has concluded that there is merit in continuing the interest equalisation scheme for the export sector and is in discussions with the Finance Ministry on the terms of its extension beyond the month-end. The scheme, which allows exporters of […]
Continue Reading
If you receive a GST demand order, you have the option to either file an appeal against it or pay the demand amount. However, if GST officials believe that it is necessary to ask for payment before the stipulated time (three months) for the ‘interest of revenue’, they can do so. Unfortunately, this provision has […]
Continue Reading
Goods exports rose 9% to $38 billion in May, while imports were 7.7% higher at nearly $62 billion, pushing up India’s trade deficit to $23.8 billion, highest in seven months. Exports growth has been uneven and the latest numbers pegged the growth at the highest in three months, with Govt hopeful of the trend continuing & feels that this positive trend will continue. The […]
Continue Reading
In a significant ruling, the Allahabad High Court has determined that the dishonour of cheques from banks that have merged with another bank does not constitute an offence under Section 138 of the Negotiable Instruments (NI) Act. If a cheque from a merged bank bounces, the issuer will not face prosecution under this section. Justice […]
Continue Reading
The Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Rajesh Kumar Singh, highlighted that government measures such as mandatory quality control orders and increased customs duties have significantly boosted toy exports from India. However, he noted that additional efforts are required to further develop the sector. Singh mentioned that they are […]
Continue Reading
Record-Breaking Fundraising in First Half Since SME Platform Launch In the first half of 2024, fundraising through initial public offerings (IPOs) of small and medium enterprises (SMEs) has achieved a significant milestone, reaching Rs 3,095 crore by June 13. This amount is approximately two-thirds of the total Rs 4,686 crore raised throughout 2023, marking the […]
Continue Reading
Mr. Chandrakant Salunkhe, Founder & President, SME Chamber of India, SME Export Promotion Council and Packaging Industry Association of India had an Interaction with Mr. Sunil Barthwal, Secretary, Department of Commerce, Ministry of Commerce & Industry, Government of India and Ms. Renu Latha, Economic Advisor, Department of Commerce at New Delhi on 12th June 2024 […]
Continue Reading
Mr. Chandrakant Salunkhe, Founder & President, SME Chamber of India & SME Export Promotion Council felicitated Mr. Jitin Prasada, Union Minister of State, Ministry of Commerce & Industry on his appointment and Mr. Salunkhe discussed various initiatives and issues pertaining to SMEs and manufacturing industries, strategic efforts for export promotion, various activities to be organised […]
Continue Reading
Steering thoughtful discussion on the way forward in accomplishing resilient supply chain ecosystem Over the past years, the supply chain has evolved rapidly with the help of AI, data analytics, and automation, to manage global uncertainties. Indispensable for global economies, they ensure the seamless flow of goods, with efficient management keeping the competitiveness of their […]
Continue Reading
Mr. Chandrakant Salunkhe, Founder & President, SME Chamber of India & Federation of Indian SME Associations felicitated Mr. Jiten Ram Majhi, Union Minister for MSMEs on his appointment as a Minister. Mr. Salunkhe had briefed about the current economic scenarios of MSME sectors, their issues, hurdles for further growth, various initiatives to be taken to […]
Continue Reading
Reader / Viewer discretion and disclaimer :
The information provided on SME e-News (www.smeenews.com) website is intended for general informational purposes only. While we strive to provide accurate and up-to-date information, we cannot guarantee the accuracy, completeness, or reliability of the content. The views and opinions expressed in the articles and posts on this website are those of the authors and do not necessarily reflect the official policy or position of SME-e-News website. Readers are advised to independently verify any information found on this website before making decisions based on it. We do not endorse, represent, or warrant the accuracy or reliability of any third-party content linked on this site. Furthermore, SME e-News (www.smeenews.com) website shall not be held liable for any errors, omissions, or delays in the information provided, nor for any losses, injuries, or damages arising from its display or use. Please note that the content on SME e-News (www.smeenews.com) website may be subject to change without notice.
