[vc_row][vc_column][vc_column_text] Every time Bengaluru adds to its reputation, industries in Peenya Industrial Area feel proud because they have a major stake in it. After winning many encomiums such as India's Silicon City, Knowledge City, Aviation City, Start-up City, and Innovation City, Bengaluru has now been ranked as the most dynamic city
Month: March 2017
Women allowed to Work in Night Shift in Manufacturing Sector too
[vc_row][vc_column][vc_column_text] In a major initiative to provide equal opportunities for women in all sectors, the Karnataka Government has removed restrictions on allowing women to work in night shifts in all sectors. Currently, women are allowed to be employed in night shifts only in IT and ITES sectors. The Shops and Commercial Establishments
Auto sales ride past the potholes of currency crunch
[vc_row][vc_column][vc_column_text] The passenger vehicle market felt the jitters of the Government's move to demonetise high-value currency of notes Rs 500 and Rs 1,000, with wholesale volumes rising by just four per cent last month. However, some companies, including market leader Maruti Suzuki, Tata Motors and Toyota Kirloskar, managed to post double-digit increase
Pre-Scrutiny System introduced for issue of Export Obligation Discharge Certificate
[vc_row][vc_column][vc_column_text] The Office of the ADGFT, Bangalore has newly introduced a process of “Pre-Scrutiny based EODC Document Submission” for both Advance authorization as well as EPCG Authorization with immediate effect (vide Trade Notice no. 12/2016 dated 14.12.2016). This is expected to facilitate faster clearances and issue of Export Obligation Discharge Certificate (EODC). Under
CIBIL’s Use for MSME Borrowers
[vc_row][vc_column][vc_column_text] The CIBIL (Credit Information Bureau (India) Limited) collects and maintains records of an individual's payments pertaining to all kinds of loans and credit cards. These records are submitted to CIBIL by Member-Banks and credit institutions on a monthly basis. This information is then used to create Credit Information Reports (CIR)
Peenya Industrial Area in Race for Smart City Challenge
[vc_row][vc_column][vc_column_text] Peenya Industrial Area is in the race for the Smart City Challenge. All eyes of entrepreneurs are now on whether Peenya is going to make it this time. In its previous proposal, the BBMP had pitched Whitefield for the Smart City Challenge. Now, other localities are vying for the tag such
PIA seeks end to harassment of Plastic Manufacturers in Peenya
[vc_row][vc_column][vc_column_text] A large groundswell of resentment is brewing among small plastic manufacturers in Peenya who are facing needless harassment at the hands of some over-zealous officials. PIA has received complaints about officials barging into plastic manufacturing units and seizing non-banned items and levying huge penalties on flimsy grounds without giving any
RETURN OF POWER CRISIS? Rising Power cuts are spreading panic among industries
[vc_row][vc_column][vc_column_text] INDUSTRY & TRADE IS ALARMED ABOUT THE FREQUENCY OF POWER OUTAGES AND THE POSSIBILITY OF IT WORSENING IN THE DAYS AHEAD. WE SINCERELY REST OUR HOPES ON THE STATE GOVERNMENT WHICH IS ADMITTEDLY TAKING ALL MEASURES TO AVOID A POWER SHORTAGE DURING SUMMER MONTHS. – R.Krishnamurthy, President, PIA If its summer, can
India’s Leather Industry has a potential to generate 250 jobs for every Rs 1 crore investment
[vc_row][vc_column][vc_column_text]India's Leather Industry has a potential to generate 250 jobs for every Rs 1 crore investment, the Ministry of Commerce & Industries said in its Achievement Report. The report highlighted that India has an abundance of raw materials with access to 20% of world's cattle and buffalo and 11% of the
BWSSB to reduce pro-rata charges by 10% for online bookings
[vc_row][vc_column][vc_column_text] The Bangalore Water Supply and Sewerage Board (BWSSB) has proposed a 10 per cent rebate on pro rata charges if bookings for water and sanitary connections are made online from 2017. This initiative is an effort to put an end to corrupt practices by BWSSB plumbers and engineers when people