GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 22nd January 2016 S.O. (E) In exercise of the powers conferred by sub-sections (1) and (2) of section 396 of the Com... Read more
The Aadhaar number had been creating a lot of confusion in the business fraternity. The MSME ministry through Shri Kalraj Mishra had made it clear to all that the Aadhaar number is not manda... Read more
Of late, the declining exports had been a cause of concern for the government given the fact that India’s exports remained in the negative figure for the 11th consecutive month until October, registering a dip of 17.53 per cent to USD 21.35 billion due to a demand slowdown, although trade deficit showed some improvement. The Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi announced a 3 percent interest subsidy scheme for the exporters having a financial implication of Rs.2700 crore.
Updating the media persons, Power Minister Piyush Goyal said after the Cabinet meeting, “The scheme would be available to all exports of Micro, Small and Medium Enterprises (MSME) and 416 tariff lines. However, it would not be available to merchant exporters. “We believe that this will give a big boost to exports particularly for the MSME sector, handicraft, agro-products and food processing” He further added, “Under this scheme, exporters get loans at affordable rates, which help them ship more goods to foreign markets.”
Source: Economic Times
A Governing Council headed by Finance Minister Arun Jaitley will oversee the activities of the National Investment and Infrastructure Fund (NIIF) which aims to attract investment from both d... Read more