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  • In a bid to unburden and give some relief to Micro, Small and Medium Enterprises (#MSMEs) and street vendors in #COVID19 crisis, the #Telanganagovernment has decided to remit the stamp duty in full, payable for loans availed by them under Guaranteed Emergency Credit Line Scheme (#GESL), Credit Guarantee Scheme for Subordinate Debt (#CGSSD) and #PM Street Vendor’s #AtmanirbharNidhi.  Read More : https://knnindia.co.in/news/newsdetails/state/telangana-govt-exempts-msmes-street-vendors-from-paying-stamp-duty  
  • Uttar Pradesh CM Yogi Adityanath has transferred loans to 98,743 new MSME units online worth Rs 2,447 crore.  Read More: https://knnindia.co.in/news/newsdetails/state/up-cm-transfers-loans-to-new-msme-units-worth-rs-2447-cr  
  • Reacting over the #RBI's decision regarding restructuring of loans and infusion of some liquidity into the #bankingsystem, #Karnataka Small Scale Industries Association (#KASSIA) on Friday asked the #apexbank to ensure easy access to #creditforMSMEs. Read More: https://knnindia.co.in/news/newsdetails/msme/kassia-asks-rbi-to-ensure-easy-access-to-credit-for-msmes    
  • On the eve of ''#NationalHandloomDay'', #PunjabNationalBank (#PNB) has launched a scheme to facilitate #cashcredit or #loans to #weavers against their #credit requirements.  Read More: https://knnindia.co.in/news/newsdetails/sectors/pnb-launches-cash-credit-for-weavers  
  • India is planning to set up the 13th #Japaneseindustrialtownship in #Assam, a move aimed at promoting #domesticmanufacturing and strengthening #economic ties between the two countries, said Secretary, Department of Industry and Internal Trade (#DPIIT) #DrGuruprasadMahapatra.  Read More: https://knnindia.co.in/news/newsdetails/state/india-plans-to-set-up-13th-japanese-industrial-township-in-assam-dpiit-secretary  
  • The Insolvency and Bankruptcy Board of India (#IBBI) has amended regulations for the #liquidationprocess, providing more clarity on fee #payable to #liquidators. Read More: https://knnindia.co.in/news/newsdetails/economy/ibbi-amends-liquidation-process-regulations      
  • Welcoming the #RBI's decision to extend the provision of restructuring of #MSMEloans, #Apparel Export Promotion Council (#AEPC) Chairman #DrASakthivel has requested the government for immediate rollout of its recent decision to widen the scope of #emergencycredit.  Read More: https://knnindia.co.in/news/newsdetails/sectors/aepc-seeks-immediate-rollout-of-revised-decision-on-eclgs  
  • The Confederation of All India #Traders (#CAIT) has said that it would launch ‘#ChinaQuitIndia’ campaign on August 9 as part of its call for the #boycottofChineseproducts in the country.  Read More: https://knnindia.co.in/news/newsdetails/sectors/cait-to-launch-china-quit-india-campaign-on-aug-9  
  • The #RBI on Thursday gave a reason to cheer stressed #MSMEs by extending the provision of restructuring of #loans.  Read More: https://knnindia.co.in/news/newsdetails/economy/rbi-extends-provisions-of-restructuring-of-msme-loans-keeps-repo-rate-unchanged  
  • In order to respond with the challenges brought by #COVID19 pandemic, the Directorate General of Foreign Trade (#DGFT) is undergoing an overhaul, said the organisation’s chief. Read More: https://knnindia.co.in/news/newsdetails/sectors/dgft-in-overhaul-mode-changes-expected-to-address-trade-barriers-eodb    
  • In a bid to revive themselves in the current #COVID19 situation, Micro, Small and Medium Enterprises (#MSMEs) in Coimbatore have implored #TamilNadu #ChiefMinister #EdappadiKaruppaPalaniswami to relax #lockdownrestrictions. Read More: https://knnindia.co.in/news/newsdetails/state/coimbatore-msmes-implore-tamil-nadu-cm-to-relax-lockdown-restrictions-fulfil-promise-of-interest-subvention    
  • In a bid to offer #cloudservices to Micro, Small and Medium Enterprises (#MSMEs) as well as large #businesses in India, #Airtel has announced a multi-year strategic collaboration with #AmazonWebServices (#AWS).  Read More: https://knnindia.co.in/news/newsdetails/msme/airtel-to-offer-cloud-services-to-msmes-with-amazon  
  • The #IncomeTax Department has said that it would complete a faceless #assessment of all 58,000 plus cases by mid-September .   Read More : https://knnindia.co.in/news/newsdetails/economy/i-t-dept-hopes-to-complete-e-assessments-by-mid-sept  
  • The centre has rightly expanded the Emergency Credit Loan Guarantee Scheme (#ECLGS) of #MSME to a certain category of self-employed professionals in India such as #Doctors, #Lawyers, #CharteredAccountants and other #Professions.  Read More : https://knnindia.co.in/news/newsdetails/sectors/inclusion-of-professionals-in-eclgs-will-result-in-creation-of-job-opportunities-expert  
  • The government has lifted the #ban on #exports of #ventilators, over four months after it came into effect to ensure the #domesticsupply amid rising #coronavirus threat.  Read More: https://knnindia.co.in/news/newsdetails/sectors/govt-lifts-ban-on-export-of-all-ventilators  
  • Uttar Pradesh MSME Minister #SiddharthNathSingh has said that under the One District One Product (#ODOP) scheme, the government is working hard to boost the #rural sector #economy with the help of #MSME.  Read More : https://knnindia.co.in/news/newsdetails/state/one-district-one-product-scheme-focused-to-revive-rural-economy-in-up  
  • All India Trade Forum (#AITF) has accused public sector #steelcompanies of harming Micro, Small and Medium Enterprises (#MSMEs)  in the steel sector.  Read More: https://knnindia.co.in/news/newsdetails/msme/public-sector-steel-companies-harming-msmes-aitf  
  • Both #PublicSectorBanks (PSBs) and #PrivateSectorBanks have (PVBs) have sanctioned more than Rs 1.36 lakh to Micro, Small and Medium Enterprises (#MSME) sector under the Emergency Credit Line Guarantee Scheme (#ECLGS) till July 29, which is 44 per cent of the targeted amount, said a report by #CARERatings on Monday. Read More: https://knnindia.co.in/news/newsdetails/msme/banks-sanction-44-per-cent-of-targeted-rs-3-lakh-crore-in-liquidity-support-to-msmes-care-ratings    
  • Madhya Pradesh (#MP) Chief Minister (#CM) has said that the state should achieve numero uno position in the #MSMEsector as well. Read More: https://knnindia.co.in/news/newsdetails/state/state-should-achieve-numero-uno-position-in-msme-sector-mp-cm    
  • Miffed over the exploitation of street vendors, the National Association of Street Vendors of India (#NASVI) has demanded an instant stop of seizure of push carts and goods of #streetvendors by #municipalofficials.  Read More: https://knnindia.co.in/news/newsdetails/state/nasvi-seeks-lgs-intervention-to-stop-harassment-of-street-vendors-in-delhi  
  • After the consultations with the #industry #stakeholders, #NirmalaSitharaman has tweaked and broadened the scope of the Rs 3-lakh crore #MSME #creditguaranteescheme by doubling the upper ceiling of #loans outstanding to Rs 50 crore. Read More: https://knnindia.co.in/news/newsdetails/msme/govt-expands-ecgls-scheme-for-msmes-loan-limit-enhanced-to-10-cr-professionals-made-eligible    
  • The #CAIT has opposed the decision of the #BCCI to retain #Chinese #company #Vivo as the title sponsor for the #IPL to be held in #Dubai.  Read More: https://knnindia.co.in/news/newsdetails/sectors/traders-oppose-retention-of-chinese-sponsors-by-bcci  
  • To provide #apprenticeshiptraining for #COVID impact migrants and job seekers, the #MysoreIndustries Association (#MIA) has requested a #MemorandumofUnderstanding from Micro, Small and Medium Enterprises (#MSMEs) in the state. Read More: https://knnindia.co.in/news/newsdetails/state/mia-seeks-consent-letters-from-msmes-to-provide-apprenticeship-training    
  • The #industry body India Cellular and Electronics Association (#ICEA) said that the government's move to restrict the #import of #colorTVs would give a boost to the #domesticindustry.  Read More: https://knnindia.co.in/news/newsdetails/sectors/govts-restrictions-on-tv-imports-will-encourage-domestic-industry-icea  
  • Bari Brahmin Industries Association (#BBIA) said on Tuesday, Micro, Small and Medium Enterprises (#MSMEs) in Jammu and Kashmir (J&K) are suffering badly due to unspecified #powercuts by the Department of Power Development (#PDD).  Read More: https://knnindia.co.in/news/newsdetails/state/msmes-in-jk-suffering-due-to-unscheduled-power-cuts-bbia  
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