New Delhi, Feb 1 (IANS) In her budget presentation, Finance Minister Nirmala Sitharaman outlined measures to keep India’s economic engine running strongly despite global uncertainties, with the Narendra Modi government committing fresh resources to manufacturing expansion, semiconductor development, infrastructure upgrades, and incentives for data centre growth.The Finance Minister proposed raising capital expenditure by 9 per cent to reach Rs 12.2 lakh crore in 2026-27, marking one of the large…
Latest SMEs News & Updates
Mumbai, Feb 1 (IANS) The recalibration of Securities Transaction Tax (STT) is designed to encourage investors focus on long-term equity participation, thereby fostering healthier liquidity and more sustainable market dynamics, said Sundararaman Ramamurthy, MD and CEO, BSE, on Sunday.In an environment of global uncertainty, this Union Budget “reinforces India’s standing as a resilient and future-ready investment destination, with capital markets that are becoming deeper, more balanced, and stra…
New Delhi, Jan 29 (IANS) Terming the EU–India Free Trade Agreement (FTA) “historic”, Sweden’s Ambassador to India Jan Thesleff said the pact reflects strong mutual confidence between India and the European Union and will unlock significant new opportunities for Swedish companies, particularly small and medium-sized enterprises (SMEs), in India and vice versa.In an exclusive interview to IANS, Thesleff said: “This is an agreement that truly shows the confidence India places in the European Un…
New Delhi, Jan 29 (IANS) Micro, Small and Medium Enterprises form the backbone of India’s industrial economy, accounting for approximately 35.4 per cent of manufacturing, around 48.58 per cent of exports and 31.1 per cent of GDP, the government said on Thursday in Economic Survey 2025-26.Self‑Reliant India (SRI) Fund, launched to infuse Rs 50,000 crore as equity funding for MSMEs, has assisted 682 MSMEs with investments totalling Rs 15,442 crore as of November 30, 2025, according to the offi…
New Delhi, Jan 29 (IANS) The government has released a Concept Note proposing amendments to the Designs Act, 2000, to modernise India’s design protection framework and align it with international best practices, an official statement said on Thursday.The Concept Note released by Department for Promotion of Industry and Internal Trade (DPIIT) proposed India’s accession to the Riyadh Design Law Treaty (DLT) and the Hague Agreement Concerning the International Registration of Industrial Designs…
New Delhi, Jan 27 (IANS) By boosting bilateral trade and economic ties, the India-EU trade deal supports job creation, MSME growth in tech, and overall confidence for investors in India’s services sector, IT industry’s apex body Nasscom said on Tuesday.The FTA includes dedicated SME chapters with contact points and digital platforms. Given the geopolitical challenges, the FTA diversifies markets for Indian IT exporters, providing a hedge against global trade uncertainties, said Nasscom “It s…
New Delhi, Jan 10 (IANS) Pakistan’s worsening unemployment and economic stagnation are not the result of a lack of ideas or strategies, but the outcome of ten deeply entrenched policy regimes that directly suppress job creation, productivity and investment, a report has said.The report by Business Recorder argued that these policies benefit narrow and powerful elites while spreading economic costs across millions of citizens, making large-scale job creation impossible.The report said that Paki…