Indian Micro News Today

Exclusive: MSME body CIMSME launches portal for MSMEs to report payment defaults by pvt, govt buyers : Rashtra News #Exclusive #MSME #body #CIMSME #launches #portal #MSMEs #report #payment #defaults #pvt #govt #buyers Ease of Doing Business for MSMEs: As of January 11, 2022, 333 users had registered on the portal, of which 123 have reported

The minister assured that tax relief for these enterprises remains accessible. However, she emphasized that this relief is contingent upon timely payments.

The second session of this years ET Make in India SME Regional Summit will be held in Lucknow with a special focus on uplifting the citys MSMEs.

The apex court asked the MSMEs, which are a part of the Vyapar Mandal, to approach the high courts should they need any relief.

The Federation of Indian Micro and Small & Medium Enterprises (FISME), which represents about two million MSMEs in the country, has in a submission to the government also suggested setting up an equity guarantee fund trust to cover the risks related to equity financing for the sector.

Capitalizing on India's emergence as a key driver of global growth, the Herald Media Group is looking for ways to deepen Korea-India economic ties. Leading a delegation of experts, the media group's Chief Executive Officer Choi Jin-young visited India from April 4 to April 11 to engage and establish communication channels with think tanks, trade and business confederations representing small and large indus...

The MSMEs are apprehensive that the labour codes will increase their financial burden due to employee insurance, gratuity and a higher basic wage.

According to Section 43B(h) of the Income Tax Act, if a larger company does not pay an MSME on time -- within 45 days in case of written agreements -- it cannot deduct that expense from its taxable income, leading to potentially higher taxes.

If a larger company does not pay an MSME on time -- within 45 days in case of written agreements -- it cannot deduct that expense from its taxable income, leading to potentially higher taxes

Micro enterprises exports grew to 6.63% in January, while small and medium enterprises shares decreased. Top MSME export sectors are engineering goods, gems, garments, rice, and chemicals. Various factors affect exports, including freight costs and Western world economic challenges.