Search Result for : Msme Ministry

The Dollar Business Bureau  It is being speculated that the Minister of State (Independent Charge) for Commerce & Industry Nirmala Sitharaman has offered to resign from the post. But there are sources who say this may not be altogether true. There's also talk of another official being given the Commerce Ministry's charge. The final announcements are due this coming Sunday. Such reports are now common given the count of resignations that are being handed over at the Union level. A number of Union ministers have resigned on Thursday, indicating a major reshuffle in the Prime Minister Narendra Modi’s cabinet that according to reports could happen on Friday or Saturday, before Modi leaves to attend the BRICS summit in China on September 3. MoS (independent charge) ...

Volume is a short term USP. It's easy for another emerging nation to emulate low-quality assembly lines. Quality is permanent. India's MSMEs should be taught that quality matters. In Olympics. In manufacturing. In services. And in exports! Steven Philip Warner | October 2016 Issue | The Dollar Business If you want a happy ending, where you stop the ink matters. It’s the case with fiction and reality, individuals, nations and companies alike. But I won’t as much begin with a conclusion, as I will with a question. Can one brand – a company – tell a convincing tale about another – a nation – in an era that seems to be indefinitely moving into the past at warp speed?  The company – Apple, a ...

The Dollar Business Bureau The government has set up an incubation cell at the prestigious Indian Institute of Foreign Trade (IIFT) to extend support to export-oriented start-ups. MSME Minister Kalraj Mishra said during the inauguration, that the incubation cell would provide all the technical guidance and expert advice at one point to young entrepreneurs."The cell has been designed to provide export start-ups with necessary hand holding support towards expanding their existing domestic business to foreign markets," Mishra said. The initiative, KITTES (Knowledge for Innovation in Trade and Technology for Entrepreneurial Start-ups), has been aimed towards startups in the international business domain. The incubation cell will be run by the Centre of MSME Studies at IIFT (Delhi). KITTES is envisaged to ...

The Dollar Business Bureau Ministry of Micro Small and Medium Enterprises (MSME) Minister Kalraj Mishra on Wednesday said the national policy for MSME, which is envisaged to boost the overall growth of the sector, will come out by the end of this year. Highlighting the two-year achievements of the MSME ministry, Mishra said his government has formed a one man committee, to complete all the recommendations by October 31, 2016.   Mishra praised Prime Minister Narendra Modi for taking up schemes like MUDRA and Stand up India, which has significantly increased the number of MSMEs in the country. “The major achievement of the ministry is to come up with a Scheme of Revival and Rehabilitation of MSMEs. The scheme will start benefitting the MSMEs ...

The Dollar Business Bureau The Indian government has approved the new norms of Performance of MSMEs in the Credit Rating Scheme. These guidelines are sanctioned to enhance the credibility for the borrowers as well as banks. As per the new guidelines, the Micro, Small and Medium Enterprises (MSMEs) shall pay a fee to credit rating agencies based on their turnover.    The credit rating agency fee in turn has been further classified under three slabs based on the turnover. The MSME Ministry will reimburse 75% of the rating agency fee to a maximum of Rs.15,000 for a turnover up to Rs.50 lakh, to a maximum of Rs.30,000 for a turnover between Rs.50 lakh and Rs.2 crore, and to a maximum of Rs.40,000 for MSMEs ...

On April 14, 2016, India will celebrate the 125th birth anniversary of Dr. B.R. Ambedkar, and in the words of Finance Minister Arun Jaitley, “this must become the year of economic empowerment for SC/ST entrepreneurs” Manisha Choudhari| The Dollar Business   On April 14, 2016, India will celebrate the 125th birth anniversary of Dr. B.R. Ambedkar, and in the words of Finance Minister Arun Jaitley, “this must become the year of economic empowerment for SC/ST entrepreneurs”. This time last year, the Telangana government was being lauded for their efforts in training Dalit youth to become entrepreneurs, and as revealed by Jaitley in the Union Budget speech earlier today, Scheduled Caste and Scheduled Tribe (SC/ST) entrepreneurs are showing great promise in the starting ...

The Dollar Business Bureau Dr. Anup K. Pujari taking charge as a secretary of Ministry of Micro, Small & Medium Enterprises, in New Delhi on July 01, 2015. Source: PIB, Government of India   Dr. Anup K. Pujari on Wednesday, assumed charge as new Secretary of Ministry of Micro, Small & Medium Enterprises, informed MSME ministry. The new Secretary is an IAS officer of Karnataka cadre and has succeeded former MSME Secretary Madhav Lal, who retired on Monday. The officer of 1980 batch of IAS, was previously Secretary of the Ministry of Mines. He had a long tenure in the Ministry of Commerce and Industry as Director General Foreign Trade (DGFT) from 2010 to 2014. Earlier, Dr. Pujari served as Joint ...

Neha Dewan | TheDollarBiz (L - R): Speaking at the event Mr. Kalraj Mishra, Minister for MSME, Government of India; Mr. Deep Kapuria, Chairman, CII Regional Committee on Central Europe; Mr. Madhav Lal, Secretary, Ministry MSME, Government of India; Mr. T.T. Ashok, Co-Chairman, CII National SME Council; Mr. Sujith Haridas, Deputy Director General, CII   Industry leaders from India and several other countries said in the Global SME Business Summit 2014 in New Delhi this week that the government should focus on simplifying procedures and on skill-upgradation to help improve the Micro, Small and Medium Enterprises (MSMEs) sector in India. The MSME sector plays a key role in India’s economy and in making the recently launched “Make in India” campaign a ...