GST transparency

GST Transparency

The implementation of Good and Services Tax (GST) has brought transparency in doing business. Addressing a convention of traders here, Prime Minister Modi said: “Transparency in trade has increased and there is one nation one tax with the implementation of Goods and Services Tax (GST).” PM Modi said, “I am thankful to all traders for contributing […]

agro-processing

Agro-processing

Trade across the Southern African Development Community (SADC) has grown considerably since the establishment of an FTA in 2008, but there exists immense opportunities for Indian investment in the region. An Exim Bank study analyses the current trade and investment scenario in the SADC region and the opportunities that the region presents for Indian businesses. […]

2018 -19 Budget and MSME

The 2018-19 Budget has given a big thrust to Micro, Small and Medium Enterprises (MSMEs) sector to boost employment and economic growth. 1. The budgetary allocation has gone up from Rs 6481.96 crore in 2017-18 to Rs.6552.61 crore in 2018-19. The allocation for individual Schemes (apart from CGTMSE) has gone up by 59%, from Rs.3680 […]

SIDBI launches Udyami Mitra Portal

Small Industries Development Bank of India (SIDBI) has launched the ‘Udyami Mitra’ Portal to improve accessibility of credit and handholding services to Micro, Small and Medium Enterprises (MSMEs). Scheduled Commercial Banks (SCBs) have been advised to ensure a target of 7.5% of Adjusted Net Bank Credit (ANBC) for Micro Enterprises, that collateral security is not required for loans upto […]