News – Page 33 – SME E-News

China emerges as India’s top import source during April-September 2024: Commerce ministry data

October 23, 2024SME E-NewsLeave a Comment

China is now India’s top import source with USD 56.29 billion in shipments from April to September this fiscal. The US is the leading export destination, with goods worth USD 40.38 billion. Imports from Russia, the UAE, and other countries also increased. The US remains India’s largest trading partner, followed by China. China has emerged […]

Income Tax Department can send income tax notice on these 5 high value cash transactions

October 23, 2024SME E-NewsLeave a Comment

Income Tax Notice: You will find many such people who prefer to transact in cash even in the age of Digital India. Small transactions are fine, but the problem arises when big cash transactions start happening. At the slightest inkling, the Income Tax Department becomes alert and such people come under the radar of the Income […]

As Gujarat announces new textile policy today, here’s a look at why Maharashtra’s Navapur is being preferred by Surat factory owners

October 17, 2024October 22, 2024SME E-NewsLeave a Comment

Sources said that presently, as many as 130 textile factories owned by Surat textile players are situated on Navapur, MIDC (Maharashtra Industrial Development Corporation) premises. With the Gujarat Government set to announce the new textile policy, industry players in the city are hoping that their demand for capital and power subsidy will be met to […]

Dr. Mansukh Mandaviya Chairs High-level Meeting on Employment Data

October 11, 2024October 22, 2024SME E-NewsLeave a Comment

Ministry Working on Mechanism for Collation of Employment Data and its Analytics. Union Minister of Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya chaired a high-level meeting focusing on the key issues related to employment data and overseas emigration trends in New Delhi on 07.10.2024. Union Minister of State for Labour and […]

Registration certificate not mandatory for exporters seeking benefits: DGFT

October 11, 2024October 22, 2024SME E-NewsLeave a Comment

“Exporters can claim benefits under these schemes without obtaining an RCMC,” the DGFT has said in a trade notice. The commerce ministry’s arm DGFT has clarified that registration-cum-membership certificate is not mandatory for exporters to seek benefits under schemes like duty drawback and remission of state levies. According to the Foreign Trade Policy, a Registration-cum-Membership […]

Gujarat SMEs ride IPO boom

October 11, 2024SME E-NewsLeave a Comment

For decades, Gujarat has been a stronghold for micro, small, and medium enterprises (MSMEs), and now, many of these businesses are turning to equity markets to fuel their growth. While SME IPOs offer a lifeline for companies struggling to secure loans, helping them raise funds, build brands and improve governance, a recent surge in listings […]

How Gujarat is Shaping Up as India’s Semiconductor Hub, Building on its Strength as an Economic Powerhouse

October 9, 2024October 22, 2024SME E-NewsLeave a Comment

Gujarat is emerging as India’s primary semiconductor centre, with major investments being attracted by policy support, abundant land, power, water resources, and a strong chemical industry. At 920 sq. km—twice the size of Mumbai—Dholera is India’s marquee 21st-century urban experiment. Lying along the Delhi-Mumbai Industrial Corridor (DMIC), which will link India’s political capital Delhi with […]

Tamil Nadu’s electronics and automotive sectors thriving under China+1 strategy: Minister

October 9, 2024SME E-NewsLeave a Comment

The China +1 strategy, aimed at reducing reliance on Chinese manufacturing by investing in other countries, has significantly benefited Tamil Nadu, positioning it as a prime destination for electronics manufacturing. Tamil Nadu’s Information Technology Minister, P. Thiaga Rajan lauded the State’s burgeoning electronics and automotive sectors, pointing to the successful implementation of the China +1 […]

This travel priority for small and medium businesses is surprising

October 9, 2024October 22, 2024SME E-NewsLeave a Comment

When it comes to booking travel for employees, many businesses rank one factor above all others. Business travel can be costly and account for a significant portion of small and medium-sized enterprises’ (SMEs) annual expenses. Yet a survey conducted by Corporate Traveler and Global Business Travel Association (GBTA) found business travel managers aren’t as focused on the bottom […]

1-2 years returns show SME IPOs can deliver long-term value, but there’s a catch!