According to the latest report by State Level Bankers’ Committee (SLBC), bad loans in this sector have jumped from Rs 7,290 in the first quarter of 2018-19 to Rs 8,974 crore in the same quarter of 2019-20, which indicates that Non Performing Assets (NPA’s) in the MSME sector showed a sharp 23% rise in just a year.
Read More: https://knnindia.co.in/news/newsdetails/msme/23-rise-in-msme-bad-loans-in-first-quarter
A Delegation led by Bari Brahmana Industries Association (BBIA) president Lalit Mahajan presented a Memorandum to Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs for the Extension of Fiscal incentives for the Revival and Fresh Investment in Industrial as well as Service Sector and establishment of Gem and Jewelery Industrial Park in Union Territory of Jammu and Kashmir.
Read More: https://knnindia.co.in/news/newsdetails/state/bbia-delegation-presents-a-memorandum-to-mos-anurag-thakur-wants-establishment-of-gems-jewellery-park-in-state
Union Minister of Commerce & Industry Piyush Goyal and Minister of State (MoS) for Commerce & Industry, Hardeep Singh Puri on Monday launched Steel Import Monitoring System (SIMS)
Read More: https://knnindia.co.in/news/newsdetails/sectors/commerce-minister-launches-steel-import-monitoring-system-sims
With an endeavour to create awareness about innovation, incubation and entrepreneurship amongst MSMEs, GIZ organized an awareness campaign in Odisha’s capital city Bhubaneswar.
Read More: https://knnindia.co.in/news/newsdetails/msme/cttc-organizes-awareness-campaign-on-innovation-incubation-entrepreneurship-at-cttc-bhubaneswar
Especially after GST implementation, is deeply hurting the domestic textile industry, said Sanjay Jain, Chairman of CITI.
Read More: https://knnindia.co.in/news/newsdetails/sectors/rising-mmf-imports-post-gst-hurting-domestic-industry-badly-citi
CAIT has sought Union Minister for Environment Prakash Javadekar’s attention towards several confusions prevailing among trade and industry over stoppage of single use plastic, a call given by Prime Minister Narendra Modi.
Red More: https://knnindia.co.in/news/newsdetails/sectors/cait-calls-upon-javadekar-over-single-use-plastic-confusion
Odisha state has invited corporate houses like leading car and bike tyre manufacturer Ceat, plastic bottle, jar and container manufacturer to invest.
Read More: https://knnindia.co.in/news/newsdetails/state/odisha-invites-investors-from-petrochem-sector-to-invest-in-state
Piyush Goyal has said that the Centre's new measures on boosting the exports sector will benefit MSME exporters with a new scheme
Read More: https://knnindia.co.in/news/newsdetails/sectors/centres-new-measures-on-boosting-the-exports-sector-will-benefit-msmes
Union Finance Minister Nirmala Sitharam declared third set of government decision focussing on providing a fillip to exporters to regenerate economy.
Read More: https://knnindia.co.in/news/newsdetails/economy/fin-min-announces-measures-to-revive-economy
Reacting to the sliding merchandise exports growth of -6.05 per cent of USD 26.13 billion during August, 2019, Federation of Indian Export Organisations (FIEO) President, Sharad Kumar Saraf has said that such a contraction in exports is a reflection of uncertainties, sluggish global demand and rising tariff war.
Read More: https://knnindia.co.in/news/newsdetails/sectors/contraction-in-exports-is-a-reflection-of-uncertainties-sluggish-global-demand-and-rising-tariff-war-says-fieo-president
Union Finance Minister Nirmala Sitharaman on Saturday announced the interest equalisation for MSMEs to 5 per cent from 3 per cent.
Read More: https://knnindia.co.in/news/newsdetails/msme/finance-minister-nirmala-sitharaman-announces-interest-equalization-for-msmes
Telangana State Minister of Municipal Administration & Urban Development, Industries, and IT & Commerce, KTR has revealed that heavy investments will flow in during October.
Read More: https://knnindia.co.in/news/newsdetails/state/along-with-msme-industrial-park-in-telangana-there-will-be-heavy-investment-in-various-sectors-says-ktr
In the name of pollution, micro and small industries are being vandalised and being buldozed by penalties by different departments in Delhi, particularly by Delhi Pollution Control Committee (DPCC), said a Delhi based industrialist.
Read More: https://knnindia.co.in/news/newsdetails/state/in-the-name-of-pollution-micro-and-small-industries-are-being-harassed-by-different-departments-in-delhi-industrialist
Indian Bullion and Jewellers Association (IBJA) has welcomed the Consumer Affairs Minister Ram Vilas Paswan’s proposal to the Commerce Ministry to make BIS hallmarking mandatory for gold jewellery before Diwali.
Read More: https://knnindia.co.in/news/newsdetails/sectors/hallmark-is-necessary-for-the-betterment-of-the-customer-says-ibja
The government has set a minimum onion export price of $850 per tonne to curb its shipments and to curtail down domestic prices.
Read More: https://knnindia.co.in/news/newsdetails/economy/govt-imposes-850-per-tonne-mep-on-onion-exports-aims-to-curtail-domestic-prices
In a bid to make the MSME operations better, the Coimbatore District Small Industries Association (CODISSIA) all set to organise ‘Raw Mat India-2019’ at the Codissia Trade Fair Complex from September 18-20.
Read More: https://knnindia.co.in/news/newsdetails/msme/codissia-to-organise-raw-mat-india-expo-to-make-msme-operations-better
Ni-msme, the pioneer institute in the field of MSME is organizing 2 day workshop on ‘Air Pollution Control Technologies for MSMEs’ from Oct 24, 2019.
Read More: https://knnindia.co.in/news/newsdetails/msme/ni-msme-organizing-2-day-workshop-on-air-pollution-control-technologies-for-msmes
India's exports dropped by 6.05 per cent to $26.13 billion in August 2019 exhibiting a negative growth in the various sectors such as petroleum products, engineering goods, leather and leather products, readymade garments, and gems and jewellery
Read More: https://knnindia.co.in/news/newsdetails/economy/indias-exports-exhibit-negative-growth-of-605-in-aug-2019
Government e-Marketplace (GeM) under the Department of Commerce, Ministry of Commerce & Industry and Government of Punjab has signed MoU to set up a GeM Organizational Transformation Team (GOTT) Project Management Unit (PMU) in the state.
Read More: https://knnindia.co.in/news/newsdetails/state/gem-and-punjab-government-sign-mou-for-setting-up-project-management-unit
AEM-India Consultations held in Singapore this week, welcomes the recommendations of the ASEAN-India Business Council to promote potential of bilateral trade and cooperation in sectors including start-ups and MSME development.
Read More: https://knnindia.co.in/news/newsdetails/global/india-and-asean-ministers-welcome-suggestions-to-promote-potential-of-bilateral-trade-in-msme-sector-start-ups-among-others
Disproving the claims that auto sector is witnessing slowdown because of increased use of Ola and Uber kind of taxi services, a city based MSME entrepreneur cum former President of Indian Industries Association has said the claims are not based on data. Be it auto or garment or any other sector including the MSMEs, none of them are doing well at this time.
Read More: https://knnindia.co.in/news/newsdetails/sectors/auto-garment-or-any-other-sector-all-are-facing-slowdown-currently-msme-entrepreneur
The first-ever India-USA Jewellery Buyer-Seller Meet (BSM), hosted by GJEPC, opened in Mumbai with 23 leading Indian gems and jewellery manufacturer-exporters seeking to deepen their ties with buyers primarily representing the world’s largest jewellery market (in value terms), the USA
Read More: https://knnindia.co.in/news/newsdetails/sectors/gjepcs-india-usa-jewellery-buyer-seller-meet-opens-in-mumbai
Repeal of section 370 was the biggest achievement of Narendra Modi government in its first hundred days of second term and its will help in the industrial growth, employment generation and bettering healthcare system in the state, said Dr. Jitendra Singh, Minister of State (Independent Charge) Ministry of Development of North-Eastern Region.
Read More: https://knnindia.co.in/news/newsdetails/state/abrogation-of-article-370-will-help-in-the-industrial-growth-employment-generation-in-jk-minister
The Food Safety team cracked on eleven Ghee Manufacturing Units indulging into manufacturing of Cooking Medium without the requisite license, informed KS Pannu, Commissioner Food and Drug Administration Punjab.
Read More: https://knnindia.co.in/news/newsdetails/sectors/licenses-of-as-many-as-11-ghee-manufacturing-units-cancelled-in-punjab