New Delhi, July 12 (IANS) The Confederation of All India Traders (CAIT) on Sunday welcomed the government’s decision to launch the ‘High-Frequency Economic Barometer’ on July 14, saying it will empower small businesses and accelerate India’s economic growth.The traders’ body described it as a historic and transformative initiative under the visionary leadership of Prime Minister Narendra Modi to make economic governance more modern, dynamic, and data-driven.The Barometer will assess th…
Latest MSMEs News & Updates
New Delhi, July 11 (IANS) Commerce Secretary Rajesh Agrawal has said that India’s policy framework must provide the predictability and stability required for global value chains to expand their presence in the country.The global electronics industry is increasingly driven by these value chains, he said at Chintan Shivir organised here by the Department of Commerce, to develop policy recommendations for strengthening India’s electronics manufacturing and export competitiveness.He observed that …
New Delhi, July 10 (IANS) The Forum for Internet Retailers, Sellers and Traders (FIRST) — an association of online retailers under the India SME Forum — has approached the Competition Commission of India (CCI) alleging that Flipkart engaged in predatory and discriminatory business practices that distorted competition on its marketplace, according to a report.NDTV Profit reported that according to the complaint, FIRST alleged that Flipkart’s GST avoidance created a pool of nearly Rs 3,000 crore…
New Delhi, July 10 (IANS) The Central government has made it mandatory for all operating Central Public Sector Enterprises (CPSEs) to route settlement of invoices for goods and services procured from Micro, Small and Medium Enterprises (MSMEs) through TReDS platforms authorised by the Reserve Bank of India, an official statement said on Friday.The notification requires CPSEs to disclose details of MSME invoices routed and settled through TReDS as specified by the RBI and to obtain a statutory au…
New Delhi, July 9 (IANS) Commerce and Industry Minister Piyush Goyal on Thursday said he was delighted to interact with the MP LEAD Fellows and hear their insightful ideas, aspirations and commitment towards India’s progress.In a post on X, Goyal said they discussed the transformative journey towards Viksit Bharat 2047, the role of youth in nation-building, and the importance of informed participation in shaping public policy. “The interaction also highlighted the significant contribution of M…
Kolkata, July 9 (IANS) In a development that will come as a shot in the arm for West Bengal, the Quality Council of India (QCI) and the National Small Industries Corporation Limited (NSIC) signed a Memorandum of Understanding (MoU) on Thursday to establish a collaborative ecosystem aimed at strengthening quality, competitiveness and market access for Micro, Small and Medium Enterprises (MSMEs) across the country. West Bengal has the largest number of MSME manufacturing units in the country. The …
New Delhi, July 9 (IANS) The Quality Council of India and the National Small Industries Corporation Limited signed a five-year memorandum of understanding (MoU) to establish a collaborative ecosystem aimed at strengthening quality, competitiveness and market access for micro, small and medium enterprises (MSMEs) across the country, an official statement said on Thursday.The partnership will combine QCI’s expertise in accreditation and certification with NSIC’s extensive MSME support network …
Mumbai, July 9 (IANS) India’s private credit market is set for sustained expansion over the coming years, driven by growing awareness, regulatory support, digital innovation and rising demand for alternative financing, industry leaders said on Thursday. Speaking to IANS on the sidelines of IVCA Private Credit Summit 2026 here, they said private credit is emerging as a mainstream asset class that complements traditional bank lending, particularly for startups, MSMEs and mid-market businesses seek…
Guwahati, July 9 (IANS) Assam Chief Minister Himanta Biswa Sarma on Thursday said the state has witnessed a sharp increase in the number of registered Micro, Small and Medium Enterprises (MSMEs), asserting that the sector has emerged as a major driver of employment generation and economic growth. In a post on social media platform X, Sarma said Assam currently has 17.29 lakh registered MSMEs operating across various sectors and stressed that the government aims to further expand the ecosystem.”T…
New Delhi, July 8 (IANS) Punjab government has signed a memorandum of understanding (MoU) with NICDC Logistics Data Services Limited (NLDSL) to accelerate the digital transformation of the state’s logistics ecosystem through the Unified Logistics Interface Platform (ULIP), an official statement said on Wednesday.NLDSL will support the Government of Punjab in developing a digitally connected logistics ecosystem by enabling seamless data exchange across departments through ULIP, the statement fr…