As per Finance Minister Piyush Goyal’s statement after the 29th GST Council Meet, the GST Council, under the aegis of the Ministry of Finance, has constituted a Group of Minister (GoM) for Micro Small and Medium Industries. Minister of State (MoS) Finance, Government of India, Shiv Pratap Shukla is the convener
Tag: MSME Ministry
MSME Sector gets some relief as Lok Sabha Passes GST Bills
Government Puts Forth 4 GST Amendment Bills to Help MSMEs
MSMEs Issues To Be Resolved by GST Council-formed Committee
[vc_row][vc_column][vc_column_text]The Goods and Services Tax (GST) Council held its 29 th meeting in New Delhi last Saturday (4 August). Piyush Goyal, assuming charge as finance minister in place of the indisposed Arun Jaitley, chaired the meeting. He stated that the GST Council would form a committee to look into the
CM asks DCs to identify lands for industrial clusters
[vc_row][vc_column][vc_column_text]Karnataka Chief Minister HD Kumaraswamy asked deputy commissioners of seven districts to identify land for establishing industrial clusters, as per the budget announcement earlier this month. He also asked the DCs to do everything necessary to accomplish the land conversion process for approved industries across the state. The chief minister had announced
Organisations urge government to withdraw MSME bill
[vc_row][vc_column][vc_column_text]The government had recently put forth its intention to change the definition of the micro, small and medium enterprises (MSME), by introducing a bill that sought to change the definition of the MSMEs. The existing criterion is “investment in plant and machinery or equipment” and the proposed criterion is “annual
MSME and AYUSH Ministries Join Hands for Traditional Medicine Enterprises
[vc_row][vc_column][vc_column_text]TThe ministries of Micro, Small and Medium Enterprises (MSME) and AYUSH have teamed up with a mission to develop enterprises in the traditional medicine sector. An official statement said that the Memorandum of Understanding (MoU) would facilitate cooperation through the agencies and programmes both the ministries for developing AYUSH businesses in
PM’s Flagship Programme Under MSME Ministry
[vc_row][vc_column][vc_column_text] The Narendra Modi government completed four years in office. The Prime Minister’s Employment Generation Programme (PMEGP) has been one of its flagship programmes. Under this, the government offers credit-linked subsidy to businesses to establish new enterprises for generating continuous and sustainable employment opportunities in the rural and urban areas of