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
Month: August 2018
Customs Board Notifies Exchange Rate of Foreign Currency Relating to Imported / Exported Goods
The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion on each of the foreign currencies into Indian currency or vice versa, with effect from 17 August 2017. The Board has notified this, exercising its powers that Customs Act, 1962 (52 of 1962) section 14 has conferred
PIA Celebrated 72 nd Independence Day on 15 August 2018
[vc_row][vc_column][vc_column_text] The Peenya Industries Association (PIA) celebrated the 72 nd Independence Day on 15 August 2018. The PIA managing committee members and office-bearers, led by President Sri. Malyadri Reddy M., Hon. Secretary Sri. Muralikrishna B., hoisted the tricolour in the premises of the Peenya Industries Association office. Most of the participants in the
Wholesale Price Index for All Commodities Increased in July 2018
[vc_row][vc_column][vc_column_text] The Ministry of Commerce and Industry, in its press release said that the official Wholesale Price Index for all commodities (base: 2011-12=100) for July 2018 rose to 119.7 (provisional) from 119.2 (provisional) — registering an increase of 0.5 per cent. The ministry said that the annual rate of inflation, based on
MSMEs set to get more procurement orders from NALCO
Micro, Small and Medium Enterprises (MSMEs) will soon get an increase in procurement orders from Nalco. Nalco Ltd Chairman and Managing Director T K Chand said that the company will increase procurement of materials from the MSME from the current INR 400 crore to INR 1,200 crore. Chand said that with
India working on new Industrial policy with Textile focus
The Indian commerce and industry ministry has observed that the textile and footwear manufacturing sectors and their exports are concentrated in a few states. Therefore, the ministry intends to formalise an industrial policy that will include special provisions for the textile and footwear sectors. This would help these two sectors
India’s top Aluminium producer wants restrictions on Imports
Solar Tariffs Witnesses Lowest Ever Tariff in Reverse Auction
President Inaugurates One District One Product Summit
President Ram Nath Kovind inaugurated the “One District One Product” Summit in Lucknow, Uttar Pradesh. The president told the audience that Micro, Small and Medium Enterprises (MSMEs) are the backbone of the country’s economy, and is the second largest employer after the agricultural sector. He added that the MSMEs offer more
PM Modi Says Biofuel can provide Momentum in this century
Prime Minister Narendra Modi says Biofuels can be the catalyst to provide momentum in the 21 st century. He said this while addressing gathering of people from various backgrounds such as farming, science, business, students, government officials, legislators and more, in New Delhi. Biofuel, products produced from crops can change the