[vc_row][vc_column][vc_column_text] The Reserve Bank of India (RBI) eased NPA classification norms for MSMEs facing input credit linkage and related issues. This has come as a major relief to the MSME sector. In a tweet, Financial Services Secretary Rajiv Kumar said that to continue support to MSMEs, the RBI has revised NPA recognition
Month: June 2018
Mr. Ivan Kamenik, Czech Trade Commissioner at PIA
[vc_row][vc_column][vc_column_text] 30.05.2018 Sri.Malayadri Reddy.M-President , office bearers and council members had an Interaction meeting with Mr. Ivan Kamenik, Czech Trade Commissioner at PIA to discuss modalities on International Vendor Development. [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image="3628" img_size="large" alignment="center"][/vc_column][/vc_row]
Shri Giriraj Singh, Union Minister of State, (Independent Charge), Ministry of MSME, GOI at Coir Board
[vc_row][vc_column][vc_column_text] 19.05.2018 Sri.Malyadri Reddy.M – President, along with OBs and MCM met Shri Giriraj Singh, Union Minister of State, (Independent Charge), Ministry of Micro, Small and Medium Enterprises, GOI at Coir Board, Peenya, Bangalore. [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image="3625" img_size="large" alignment="center" onclick="img_link_large"][/vc_column][/vc_row]
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
Centralised AAR for GST
[vc_row][vc_column][vc_column_text]The union government plans to establish a centralised Authority for Advance Rulings (AAR) for the Goods and Services Tax (GST). This is in view of the different rulings on identical cases pertaining to GST, thereby leading to confusion about applicability and the tax rate. To quote a recent case as
Peenya Firm Loses Crucial Data to Malware Attack
[vc_row][vc_column][vc_column_text]An export and manufacturing company in Peenya Industrial Area, Bengaluru, has lost crucial data and emails following an attack from malicious software on its two main servers and systems. Bangalore Refinery (P) Ltd. CEO Ketan S. Dhruv has approached the Criminal Investigation Department (CID) for help in identifying the culprit. Ketan’s
Government’s Social Security Scheme Faces Objections
[vc_row][vc_column][vc_column_text]The government planned to introduce a comprehensive social security scheme, proposing to merge long-standing schemes such as Employee Provident Fund (EPF) and Employee State Insurance Corporation (ESIC) into a new scheme. However, certain groups have voiced their objections to the new social security scheme. The first sign of objection came on
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
Kumaraswamy to Expand His Ministry on 6 June
[vc_row][vc_column][vc_column_text]The Janata Dal (Secular) and Congress, coalition partners in the Karnataka government, have finally agreed about the portfolios. Congress, the major coalition partner, will have 21 more ministers. The JD(S), led by Chief Minister H D Kumaraswamy will have 11 more. All the ministers will be sworn-in on 6 June
Karnataka Requests US Consulate Office in Bengaluru
[vc_row][vc_column][vc_column_text]When United States Ambassador to India Kenneth Juster met Karnataka Chief Minister H D Kumaraswamy in Bengaluru, the chief minister told him that the US should open its consulate in Bengaluru at the earliest, to facilitate granting of visas to the citizens of Karnataka state. The US has consulates in Chennai,