Washington, April 16 (IANS) Tax exemptions on overtime and targeted relief for small businesses have emerged as key drivers behind the uptake of President Donald Trump’s tax cuts, according to the White House. US Treasury Secretary Scott Bessent told reporters at a news conference that the most widely used provision in the new tax framework was the exemption on overtime income, with more than 25 million filers claiming the benefit.He said the policy was designed to reward additional work. “I…
Latest Small businesses News & Updates
New Delhi, April 8 (IANS) The Pradhan Mantri MUDRA Yojana (PMMY), the flagship programme of the Modi government, has marked 11 years of operation, aimed at funding the ‘unfunded’ micro enterprises, small businesses and setting the path for their growth.Since its inception on this day in 2015, the programme has been instrumental in powering the business dynamics of small businesses and first-time entrepreneurs, in particular.According to government estimates, around 58 crore loans worth more …
New Delhi, April 8 (IANS) As the Pradhan Mantri Mudra Yojana (PMMY) completed 11 years, Prime Minister Narendra Modi on Wednesday said the scheme has played a crucial role in promoting self-employment among the youth. Taking to social media platform X, PM Modi said, “Launched exactly 11 years ago today, the Pradhan Mantri Mudra Yojana has proven to be immensely helpful in fostering self-employment among the youth. The success of this scheme demonstrates that, given the right opportunities, an …
Seoul, March 26 (IANS) The South Korea’s ruling Democratic Party (DP) and the government agreed to submit an extra budget bill to the National Assembly next Tuesday, the budget minister said Thursday, in an effort to cushion vulnerable sectors from the economic impacts of a prolonged war in the Middle East.The extra budget bill, to be submitted March 31, seeks to ease the burden of rising oil prices, as well as support small and midsized firms and vulnerable households hit by the prolonged war.”…
Amaravati, March 25 (IANS) In a major relief to electricity consumers across Andhra Pradesh, the Andhra Pradesh Electricity Regulatory Commission (APERC), on Wednesday, approved no increase in electricity tariffs for 2026–27. The state government said that the APERC’s decision reaffirms its commitment to protecting households, farmers, and small businesses from rising power costs.The Commission’s order also includes the true-up/down and performance review of DISCOMs for 2024–25, following an…
Seoul, March 24 (IANS) South Korea President Lee Jae Myung on Tuesday called on the government to preemptively implement an emergency response system to cope with concerns about the supply of oil and gas, as the US-Israeli war with Iran has dragged on and disruptions of global energy markets have continued.Speaking at a Cabinet meeting, Lee also asked for the swift passage of an extra budget to help small and medium-sized firms and vulnerable households hit by a surge in energy prices.”Petrochem…
New Delhi, March 20 (IANS) Finance Minister Nirmala Sitharaman on Friday said the new Income-tax Act, 2025 will bring major relief for small business owners and professionals by simplifying rules and reducing compliance burden, while also aiming to cut down tax-related disputes.Speaking at the launch of the nationwide awareness campaign ‘PRARAMBH 2026’, FM Sitharaman highlighted that small businesses and professionals are the backbone of India’s economy and the new law has been designed ke…
Washington, March 18 (IANS) The United States is repositioning the Export-Import Bank as a “frontline economic tool,” its chief told lawmakers, underscoring a sharper push to bolster American exporters and counter global competition led by China.Testifying before a House subcommittee, EXIM President and Chairman John Jovanovic said the bank is being aligned with efforts to reindustrialise the U.S., secure supply chains, and strengthen economic security.“As many of you have noted, EXIM is o…
Washington, March 12 (IANS) The US pet industry has reached a record $157 billion in spending, but small business owners told senators that rising healthcare costs, regulatory hurdles, labour challenges, and financing constraints are making it harder for many companies to keep pace with the sector’s rapid growth. At a hearing of the Senate Small Business and Entrepreneurship Committee on Wednesday (local time), lawmakers and business owners painted a picture of a booming consumer market that h…
Gandhinagar, March 9 (IANS) More than 2,900 beneficiaries in Rajkot district received loan assistance under the Shri Vajpayee Bankable Scheme in the past one year, the Gujarat government informed the state Assembly on Monday.Responding to a question raised by a member in the Assembly, Minister of State for Khadi, Cottage and Rural Industries, Swarupji Thakor, said that a total of 4,157 applications had been received in Rajkot district under the scheme during the year up to December 31, 2025.All …