State Bank of India Chairman, Mr. Dinesh Kumar Khara has said that there is a growing demand for credit from the corporate sector and loans worth Rs 5 lakh crores are in the pipeline. Unlike the past few years, when the corporates had sufficient cash surplus on their balance sheet, they have started looking for […]
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Mr. Mahesh Salunkhe, Director – SME Chamber of India and Maharashtra Industry Development Association addressing the delegates Adv. Raj Ambre – President, Lote Parshuram Industries Association addressing the delegates Mr. Nagesh Rane, Marketing Area Head, ARISE IIP India addressing the delegates on Emerging business, Exports & investment opportunities in Central & West African markets Mr. […]
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This year’s interim budget provided a token amount for PLI for toys but details will be spelt out when cabinet approval is in place. The Government is considering launching an incentive scheme to boost domestic manufacturing of toys, keeping in view the high employment potential of the sector. This follows a series of steps taken […]
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In a move set to bring relief to exporters, the Directorate General of Foreign Trade (DGFT) has concluded that there is merit in continuing the interest equalisation scheme for the export sector and is in discussions with the Finance Ministry on the terms of its extension beyond the month-end. The scheme, which allows exporters of […]
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If you receive a GST demand order, you have the option to either file an appeal against it or pay the demand amount. However, if GST officials believe that it is necessary to ask for payment before the stipulated time (three months) for the ‘interest of revenue’, they can do so. Unfortunately, this provision has […]
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Goods exports rose 9% to $38 billion in May, while imports were 7.7% higher at nearly $62 billion, pushing up India’s trade deficit to $23.8 billion, highest in seven months. Exports growth has been uneven and the latest numbers pegged the growth at the highest in three months, with Govt hopeful of the trend continuing & feels that this positive trend will continue. The […]
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In a significant ruling, the Allahabad High Court has determined that the dishonour of cheques from banks that have merged with another bank does not constitute an offence under Section 138 of the Negotiable Instruments (NI) Act. If a cheque from a merged bank bounces, the issuer will not face prosecution under this section. Justice […]
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The Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Rajesh Kumar Singh, highlighted that government measures such as mandatory quality control orders and increased customs duties have significantly boosted toy exports from India. However, he noted that additional efforts are required to further develop the sector. Singh mentioned that they are […]
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Record-Breaking Fundraising in First Half Since SME Platform Launch In the first half of 2024, fundraising through initial public offerings (IPOs) of small and medium enterprises (SMEs) has achieved a significant milestone, reaching Rs 3,095 crore by June 13. This amount is approximately two-thirds of the total Rs 4,686 crore raised throughout 2023, marking the […]
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Mr. Chandrakant Salunkhe, Founder & President, SME Chamber of India, SME Export Promotion Council and Packaging Industry Association of India had an Interaction with Mr. Sunil Barthwal, Secretary, Department of Commerce, Ministry of Commerce & Industry, Government of India and Ms. Renu Latha, Economic Advisor, Department of Commerce at New Delhi on 12th June 2024 […]
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