Author: SME E-News

New change in GST RCM on Rent, Notification No.07/2025 CT(R)

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The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 07/2025-Central Tax (Rate) to implement recommendations from the 55th GST Council Meeting held on December 21, 2024. This notification amends Notification No. 13/2017-Central Tax (Rate) by modifying the applicability of the Reverse Charge Mechanism (RCM) for services involving the renting of immovable property, with specific exclusions for composition taxpayers. Amendment to Serial […]

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Startup Mahakumbh 2025 Returns to Empower Entrepreneurs Globally

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Startup Mahakumbh 2025, the world’s largest startup event is poised to return with an ambitious vision to ignite innovation, empower entrepreneurs and elevate India’s position on the global startup stage. Scheduled to take place from April 3 to 5, 2025, the second edition of this flagship event is set to foster collaboration, inclusivity and technological […]

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Microfinance sector stress cyclical, pushing up NPAs, says SBI official:

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The dealing with internal factors would mean entities require more discipline and emphasis on corporate governance and compliance. The rise in stress in the microfinance sector is cyclical and for State Bank of India, the bad loans have grown from Rs 100 crores to Rs 700 crores for Rs 10,000 crores portfolio of such loans […]

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India, Singapore strengthen ties in advanced manufacturing, semiconductors:

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India and Singapore are cooperating in critical sectors like advanced manufacturing and semiconductors as the relations are on a “new trajectory” of growth, Singapore President, Tharman Shanmugaratnam said on Thursday. Shanmugaratnam, on a five-day visit to India, held separate talks with President, Droupadi Murmu and Prime Minister, Narendra Modi with a broad focus on further […]

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National Startup Day: Maharashtra gets Rs.200 crores boost to support innovation, entrepreneurship

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The initiative aims to empower startups across Maharashtra with Rs.30 crores allocated to each regional division, underscoring commitment to fostering a vibrant startup ecosystem and spurring economic growth. Boosting Maharashtra’s potential to become India’s startup capital, the Small Industries Development Bank of India announced Rs 200 crores fund to support innovation and entrepreneurship. Unveiled on […]

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JACKPOT for Saudi Arabia, discovers massive treasure worth USD 2.5 Trillion of…., Crown Prince to

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Saudi Arabia has shifted its focus to lithium under the Vision 2030 plan. The Saudi Government aims to reduce the country’s dependency on oil by 2030. Saudi Arabia, a country that earns billions of dollars by supplying oil, is now all set to mine lithium, often referred to as the ‘new oil’. The kingdom has announced a […]

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First e-commerce export hub may start operations in March: DGFT

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India’s first e-commerce export hub is set to become operational by March, aiming to boost exports to USD 100 billion by 2030. The pilot launch includes companies like Shiprocket and DHL, with features such as self-sealing and easy reimport policies. Additionally, a new Diamond Imprest Authorization scheme will start from April 1, promoting duty-free import […]

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German economy shrinks for second year in a row

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First consecutive year of declining GDP since early 2000s highlights challenges facing next Government. Germany’s economy has shrunk for a second consecutive year for the first time in more than two decades, highlighting the challenges the next Government will face after snap elections in February. As voters prepare to head to the polls amid heightened […]

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Centre begins talks for easing MSME compliance burden, financing woes:

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In a relief to the micro, small and medium business ecosystem in the country, the Centre began talks on reforms to reduce the compliance burden and provide regulatory relaxations for MSMEs in registration, mergers & acquisitions as well as closures of business, along with a focus on addressing financing difficulties in the sector. MSME refers […]

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Top 10 MSME Loan Schemes in India for Growth and Expansion

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Substantial steps have been taken by the Indian Government and financial institutions to provide adequate loans for micro, small and medium enterprises (MSMEs) to foster growth without interruption. According to the Ministry of Micro, Small & Medium Enterprises’ report, over 12 million MSMEs are registered across India and contribute significantly to its economy. As such, […]

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