![Indian MSME sector to generate over 200,000 jobs by 2025, report says Indian MSME sector to generate over 200,000 jobs by 2025, report says](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2F1520129705759jpg_1719564642875.jpg&w=3840&q=8)
June 28, 2024, 01:50 AM - 2 mins read
The Indian MSME sector, which currently employs around 1.2 crore people, is expected to generate over two lakh new jobs by 2025 across various sectors such as e-commerce, logistics, and supply-chain management, according to a report released on Thursday.
Read more![India-US CEO Forum Launches Knowledge-Sharing Platform. Image X. India-US CEO Forum Launches Knowledge-Sharing Platform. Image X.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fimage-1-97jpg_1716831626292.jpg&w=3840&q=8)
May 27, 2024, 10:40 AM - 3 mins read
The India-US CEO Forum's Working Group 7 (WG7) on Entrepreneurship, Inclusive Growth, and Promoting Small Businesses, along with the United Services Institute (USI) and CyberPeace Foundation, has launched a bilateral knowledge-sharing platform between India and the US.
Read more![The country's merchandise exports are expected to reach USD 450 billion by the end of this fiscal despite geo-political challenges like the Red Sea crisis, newly elected president of apex exporters body FIEO Ashwani Kumar said on Tuesday. The country's merchandise exports are expected to reach USD 450 billion by the end of this fiscal despite geo-political challenges like the Red Sea crisis, newly elected president of apex exporters body FIEO Ashwani Kumar said on Tuesday.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2F1653471564_ashwanikumarjpg_1710834397031.jpg&w=3840&q=8)
March 19, 2024, 12:46 AM - 2 mins read
The exporting sector, particularly, MSMEs, needs easy and low-cost credit, and marketing support to further boost the country's exports, Kumar said, adding early conclusion of free trade agreements such as with the UK and Oman will also help push the outbound shipments.
Read more![The Indian government is contemplating amendments to the Micro, Small, and Medium Enterprises (MSME) Development Act, 2006, aimed at ensuring prompt payment to small businesses. The Indian government is contemplating amendments to the Micro, Small, and Medium Enterprises (MSME) Development Act, 2006, aimed at ensuring prompt payment to small businesses.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Feb843a9ac5d111ea8b7266b5700f61b8_1598354081064_1598354108179jpg_1710236971865.jpg&w=3840&q=8)
March 12, 2024, 02:49 AM - 2 mins read
As per current regulations, if a payment is delayed by more than 45 days after the receipt of goods or services from an MSME supplier, the buyer is liable to pay compound interest with monthly rests to the supplier. Despite these provisions, the resolution of disputes and payment recovery procedures have been protracted, with cases sometimes extending over several years.
Read more![INC President Mallikarjun Kharge and Congress Leader Rahul Gandhi. Image X. INC President Mallikarjun Kharge and Congress Leader Rahul Gandhi. Image X.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Funtitled-design-35jpg_1710070445133.jpg&w=3840&q=8)
March 10, 2024, 04:34 AM - 3 mins read
In a scathing attack on the Union Government, Congress President Mallikarjun Kharge raised concerns about the fate of Micro, Small, and Medium Enterprises (MSMEs) under the Modi regime.
Read more![The Finance Ministry is currently deliberating on potential revisions to Section 43B(h) of the Income Tax Act, which was introduced under the Finance Act of 2023. The Finance Ministry is currently deliberating on potential revisions to Section 43B(h) of the Income Tax Act, which was introduced under the Finance Act of 2023.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Findianfinanceministernirmalasitharaman1024x678jpg_1709205737105.jpg&w=3840&q=8)
February 29, 2024, 03:22 AM - 3 mins read
According to Rajiv Chawla, Founder and Chairman of SME network IamSMEofIndia, invoices issued before April 1, 2023, and outstanding dues as of March 31, 2023, remain unaffected by the amendment. However, he clarified that payments made by March 31, 2024, would render expenses permissible, mitigating the impact of payment delays during the year or previous dues.
Read more![Prime Minister Narendra Modi and his UAE counterpart Sheikh Mohamed bin Rashid Al Maktoum on Wednesday virtually laid the foundation stone of Bharat Mart. Prime Minister Narendra Modi and his UAE counterpart Sheikh Mohamed bin Rashid Al Maktoum on Wednesday virtually laid the foundation stone of Bharat Mart.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fpti02142024000102b0_1707902468695_1707902489263jpg_1707924236358.jpg&w=3840&q=8)
February 14, 2024, 07:23 AM - 2 mins read
Modi asserted, that “Bharat Mart has the potential to play an important role in promoting exports of the micro, small, and medium (MSME) sectors of India by providing them an effective platform to reach out to international buyers in the Gulf, West Asia, Africa, and Eurasia"
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December 29, 2023, 12:58 AM - 3 mins read
"Govt. is promoting India as a global MICE destination to showcase India's MSME sector, traditional handicrafts, artisanal offerings, weavers and manufacturing prowess", said Union Commerce and Industry minister Piyush Goyal
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