India’s micro, small and medium enterprises have new definitions that promise to open doors wider for them this financial year as well as improve their chances of securing delayed payments faster. The Union Government, in a notification dated 21st March, amended the definitions of micro, small and medium enterprises, raising limits for investments in plant […]
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Mr. Chandrakant Salunkhe, Founder & President, SME Chamber of India & Federation of Indian SME Associations (FISA) has presented special edition of “SMEConnect Magazine” containing the activities report of SME Chamber of India for the year 2024 to Mr. S. C. L. Das, Secretary, Ministry of MSME, Government of India on 4th April 2025. Mr. […]
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The GST Network (GSTN) has issued an advisory regarding a crucial change in the e-Invoicing system related to Invoice Reference Number (IRN) generation. This change, effective from 1st June 2025, affects how invoice or document numbers are processed by the Invoice Reporting Portal (IRP). Specifically, invoice numbers will now be treated as case-insensitive, meaning variations […]
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Mohandas Pai fired back at Piyush Goyal saying India does have “many deep tech startups” like China but doesn’t have the Government’s support. Former Infosys CFO Mohandas Pai has strongly reacted to Piyush Goyal’s recent take on Indian startups. Speaking at Startup Mahakumbh, Goyal criticised the direction of Indian entrepreneurship, especially in the quick commerce space, asking, […]
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From April 1 2025, uploading e-invoice within 30 days will become mandatory for GST registered taxpayers having an annual turnover above Rs10 crore. Earlier, this threshold limit was Rs100 crore. Talking to Bizz Buzz, Chandrakant Salunkhe, Founder and President, SME Chamber of India and Federation of Indian SME Associations, said: “The new ruling is likely […]
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In a landmark move aimed at strengthening India’s position in the global electronics manufacturing landscape, the Ministry of Information Technology has finalized a new Production Linked Incentive (PLI) scheme dedicated to the production of critical electronic components. With an allocated budget of approximately ₹23,000 crores over a span of six years, this initiative is set […]
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Despite its absolute ranking, India lags behind significantly in per capita manufacturing output. India’s manufacturing sector continues to show growth in absolute terms, yet significant challenges remain in its distribution and per capita output. Market expert, D. Muthukrishnan underscored the uneven spread of manufacturing activity across the country. According to the data shared, just five […]
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The Government has urged public sector banks to extend loans up to Rs.10 crores through the new digital credit assessment model, increasing the limit from Rs.25 lakhs to Rs.5 crores to boost credit flow to MSMEs. The Government has urged public sector banks (PSBs) to extend loans up to Rs.10 crores through the newly launched […]
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Mr. Nikash Kumar Deka – Head of SME & Insurance Inclusion – Universal Sompo General Insurance addressing the delegates on Resilient SME, Leveraging Insurance to Navigate Uncertainty Mr. Saurabh Sheth – General Manager, Orb Energy addressing the delegates on Powering Indian Enterprise with Rooftop Solar Ms. Vishakha khanna – Branch Manager, IDFC Bank addressing the […]
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China is quietly tailoring its global investment strategy to slow India’s rise as a manufacturing rival. As companies move supply chains out of China, Beijing is channeling outbound investment to select countries, while deliberately steering it away from India. China’s inbound foreign direct investment (FDI) has collapsed by 99% since 2021. Yet rather than pulling […]
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