New Banking System: The Reserve Bank of India (RBI) on Friday decided to launch a dedicated Internet domain ‘bank.in’ for Indian banks and ‘fin.in’ for non-bank financial institutions to curb cyber security threats. RBI announce new Bank Domain: RBI Governor, Sanjay Malhotra has announced the launch of a special ‘bank.in’ Internet domain for Indian banks to […]
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In 2025, the Reserve Bank of India (RBI) implemented a series of robust guidelines to enhance the transparency and efficiency of CIBIL score management. These reforms aim to empower individuals by ensuring quicker updates, prompt notifications and improved accessibility to their credit history. By understanding these changes, borrowers can make well-informed financial choices and exercise […]
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Shri Chandrakant Salunkhe – Founder & President, SME Chamber of India and Maharashtra Industry Development Association has paid courtesy visit to Shri C. P. Radhakrishnan, Hon’ble Governor of Maharashtra along With Shri Maheshkumar, Director SME Chamber of India at Raj Bhavan, Mumbai, on 7th February 2025.
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Budget 2025 has introduced various modifications to direct taxation, including a new tax rate slab, an increased basic exemption limit and a higher tax rebate limit under the New Tax Regime. These adjustments aim to alleviate the tax burden on citizens and streamline tax compliance processes. Within the framework of the new tax regime, tax […]
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Budget 2025: Union Finance Minister, Nirmala Sitharaman announced a credit boost for MSMEs, loans for women & SC/ST first-time entrepreneurs. Union Finance Minister Nirmala Sitharaman on Saturday announced a credit boost for MSMEs or Micro, Small and Medium Enterprises to generate employment, especially for the young people. To help the enterprises achieve higher efficiency of […]
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Syrma SGS Technology’s stock hits a 20% upper circuit after reporting a stellar 161% profit growth in Q3FY25. Electronics manufacturing stock has witnessed a remarkable 20% surge on the stock exchange following the release of its stellar Q3FY25 financial results. Syrma SGS Technology revenue for the quarter increased by 24% YoY, reaching ₹8,915 million, while its […]
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India has made strides in boosting domestic electronics manufacturing, with programmes like Make in India and Digital India playing crucial roles. The domestic production of electronic goods grew significantly, with a remarkable reduction in smartphone imports. However, the industry has focused primarily on assembly, with limited advancements in design and component manufacturing, representing only 4% […]
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Budget 2025: For Liberalised Remittance Scheme (LRS) transactions, the TCS exemption limit has been increased from ₹7 lakhs to ₹10 lakhs. Finance Minister, Nirmala Sitharaman announced key changes to the Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) framework in the Budget 2025. The Government aims to simplify tax deduction and collection […]
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Sector responsible for 36% of country’s manufacturing output to see enhanced access to capital & skill development. Calling them one of the four “powerful engines” driving the economy, Union Finance Minister, Nirmala Sitharaman announced a series of measures in the Union Budget 2025 aimed at strengthening India’s Micro, Small, and Medium Enterprises (MSME). These included increased investment […]
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Faced with inflation, an economic slowdown and tightening regulations, small and medium-sized enterprises are operating in a difficult environment. To help them move forward, we need to focus on improving their competitiveness. Luxembourg’s economic fabric is essentially made up of small- and medium-sized enterprises, if we stick to the most commonly accepted definition. This is […]
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