Overview The United Arab Emirates has introduced a simplified visa-on-arrival policy for Indian tourists. This initiative aims to boost tourism and improve accessibility for Indian nationals, ensuring a streamlined travel experience. Key Features and Eligibility Indian passport holders can now avail of a 60-day visa on arrival with multiple entries, eliminating the need for prior […]
Continue Reading
Switzerland has suspended the Most Favoured Nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India. This move is expected to impact Swiss investments in India and increase tax burdens on Indian companies operating in Switzerland. The Swiss finance department, in its December 11 statement, cited a 2023 Indian Supreme Court ruling as […]
Continue Reading
The Reserve Bank of India (RBI) has issued new rules regarding CIBIL scores. Under the new rules, banks must inform customers of their CIBIL score and the reasons for any loan rejection. Additionally, banks must provide customers with free online access to their credit score once a year. Key Points: Banks must inform customers of […]
Continue Reading
Indian travelers may soon enjoy visa-free access to Russia, with this arrangement potentially launching by spring 2025. Discussions between Russia and India in June focused on a bilateral agreement for visa-free group tourist exchanges. Currently, Russia offers similar programs to citizens of China and Iran, which have proven successful since their launch in August 2023. […]
Continue Reading
RBI Updates Rules for Personal Loans In today’s inflation-driven economy, personal loans have become a common way to meet financial needs. While they are easily accessible, even a single missed or delayed installment can lead to serious consequences. Impact on Credit Score Personal loans are approved based on credit scores. Missing an installment can harm […]
Continue Reading
Union Minister for Commerce and Industry Piyush Goyal, at the India Economic Conclave organized by Times Network, shared a bold vision for India’s economic growth, driven by surging exports and rising global investment. Goyal announced that Indian exports are set to surpass $800 billion this year, with a projection to cross $1 trillion in the […]
Continue Reading
Out of 1.52 lakh startups recognized under the Startup India initiative by the Department for Promotion of Industry and Internal Trade (DPIIT), 5,063 startups—around 3.3% of the total—have been shut down, according to data shared by the Ministry of Corporate Affairs as of December 5, 2024. This information was disclosed by Jitin Prasada, Minister of […]
Continue Reading
The Electronic Industries Association of India (Elcina) has requested a ₹72,500 crore ($8.57 billion) support package to boost domestic production of non-semiconductor electronic components and reduce import reliance. Elcina estimates that India’s demand-supply gap for electronic inputs could balloon to $248 billion (₹21 lakh crore) by 2030 to meet projected electronics production worth $500 billion. […]
Continue Reading
The Confederation of Indian Industry (CII) has urged the government to adhere to its fiscal deficit target of 4.9% of GDP for 2024-25 and 4.5% for 2025-26. The industry body warned that pursuing “overly aggressive targets” could harm India’s economic growth trajectory. “India’s rapid growth amid a global economic slowdown has been supported by prudent […]
Continue Reading
The government is reviewing the decriminalisation of minor offenses under the MSMED Act to ease the burden on MSMEs. This initiative is part of broader efforts to improve the business environment for small enterprises struggling with capital and credit issues. Ahead of the Union budget, the MSME ministry has recommended to the law ministry that […]
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.
