Vistara, India’s last full-service carrier to launch operations and in line to merge with Air India, will see its operations merge with Air India on November 12, 2024. In May 2024, preliminary information was released about the merger of the loyalty programs, followed by advice to link accounts of loyalty accounts in both programs. Earlier this month, it was […]
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India’s Digital Mission marks nine years of progress, positioning the nation as a leading digital economy. As e-commerce is projected to reach $350 billion by 2030, the focus shifts to how MSMEs can harness this growth through digital integration, skills training, and supportive policies. How can MSMEs leverage this digital growth in e-commerce to streamline […]
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The UK Government is urging immigrants, including Indian nationals, to switch from physical immigration documents to e-Visas as part of its plan to digitize the border and immigration system by 2025. Free consultations and support will be provided to help with the transition, which aims to improve security and efficiency. The UK Government has initiated a […]
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Piyush Goyal says AI will have to be accepted by all as it would help promote ease of doing business in every field. Union Commerce and Industry Minister, Piyush Goyal on Wednesday launched an AI (artificial intelligence) and ML (machine learning) search tool that will help clear trademark applications at a faster pace and with greater efficiency. […]
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The FY25 target is over 10% more than the previous year’s lending. The Secretary noted that the Government was looking to extend more support to MSMEs in line with the Budget announcements. The Union Government has set a higher target for MSMEs lending for FY25 at Rs 27.5 lakh crores, over 10% higher than the […]
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India’s Commerce Minister, Piyush Goyal targets USD 825 billion in exports this fiscal, despite global challenges. He also outlines plans to attract foreign investments through single-window platforms and industrial townships. Commerce and Industry Minister, Piyush Goyal on Wednesday expressed hope that the country’s merchandise and services exports will cross USD 825 billion despite global challenges. […]
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In a trade notice on September 17, the Directorate General of Foreign Trade (DGFT) announced the amendment under the Interest Equalization Scheme (IES) with immediate effect “for rationalization of the scheme.” The Commerce Ministry has imposed an interest subvention cap of Rs 5 crores per IEC (import-export code) for MSME manufactures till September 30, 2024 for the current […]
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Advance tax collections in India increased by 22.61% to ₹4.36 lakh crores in the first half of the current financial year, indicating strong corporate performance and a robust economy. Net direct tax collections rose 16.12% to ₹9.95 lakh crores, with personal income tax showing significant growth over corporate income tax. The Government’s advance tax collections […]
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Commerce and Industry Minister Piyush Goyal has proposed creating a new township dedicated to startups, aiming to establish a new Silicon Valley in India. The plan involves developing a 500-acre area to support entrepreneurs and innovators, with the National Industrial Corridor Development Corporation overseeing the project. Bengaluru is considered the Silicon Valley of India, but Commerce and Industry […]
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The scheme was extended to women-owned MSEs in December 2022 to provide credit guarantee of 85% for loans up to Rs 2 crores which was later increased to Rs 5 crores. In a move to support women entrepreneurship, the MSME Ministry on Tuesday said women-owned micro and small enterprises (MSEs) will get higher credit guarantee coverage under the […]
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