China’s industrial output and retail sales faltered in August as the economy lost momentum, adding to expectations. Beijing will step up stimulus efforts in the final months of the year. Industrial output rose 4.5% year on year, down from 5.1% in July and missing the average forecast of analysts polled by Bloomberg of 4.7%. Retail sales rose […]
Continue Reading
The Finance Ministry on Thursday modified the compounding rules for offences under the Foreign Exchange Management Act (FEMA) by raising the monetary limits for adjudications by RBI officials and allowing online payments. As per the Foreign Exchange (Compounding Proceedings) Rules, 2024, the fees for filing compounding application have been doubled to Rs 10,000 plus GST, […]
Continue Reading
Top companies tell stories of enhanced productivity & creativity Even as the debate whether artificial intelligence is indeed eating up jobs rages on, with fresh data to either support or negate the claim being thrown up regularly, there is no argument about the fact that AI is a tool to enhance productivity and efficiency. Microsoft and LinkedIn’s recent release of […]
Continue Reading
The Government has removed the minimum condition on onion exports with immediate effect. Previously, a minimum export price of $550 per MT was imposed in May 2024. This led to a significant drop in onion exports by over 50% in June. Till July 31, 2024, India exported 2.60 lakh tons of onions this financial year. […]
Continue Reading
China’s economy has failed to fire over the past year amid a prolonged property sector downturn, and a survey last week showed exports in the doldrums and factory gate prices at their worst in 14 months, pointing to producers slashing prices to find buyers. China’s exports grew at their fastest pace in one-and-a-half years in August, […]
Continue Reading
Eyeing China’s huge market, global companies are attending a major services trade fair in Beijing to explore business opportunities in the world’s second-largest economy. Over 450 Fortune 500 enterprises and companies taking the lead in their respective industries, as well as 85 countries and international organizations, are represented at the 2024 China International Fair for […]
Continue Reading
In addition to the Companies Act amendments, the Ministry of Corporate Affairs is also working on changes to the Insolvency and Bankruptcy Code (IBC). The proposed amendments will further clarify the priority of repayments owed by distressed companies to statutory agencies. The Government has likely finalized amendments to the Companies Act, aiming to ease capital […]
Continue Reading
Union Commerce Minister, Piyush Goyal praised Bihar as a ‘hidden gem’ with untapped potential, highlighting the State’s transformation under Chief Minister, Nitish Kumar. Speaking at a CII event, Goyal urged investors to explore opportunities in Bihar, citing improvements in law and order and transparency. He also discussed efforts to boost exports to USD 2 trillion […]
Continue Reading
While the Make in India push has helped some big companies, the smaller ones that could not ride this tailwind now risk getting drowned. That is not good news for India’s competitiveness in the global market. The Government’s drive to boost domestic manufacturing has benefitted some business segments but small companies still import a wide […]
Continue Reading
According to FIEO, the value of export credit outstanding has come down to Rs 2,17,406 crores in the March 2024 quarter from Rs 2,27,452 crores in the same quarter last year. Exporters will raise the issue of “declining bank credit” to exporters at the Board of Trade (BoT) meeting that will be held on Friday […]
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.
