Classification of Laboratory Chemical Imports for Traders
Classification of Laboratory Chemical Imports for Traders Traders importing laboratory chemicals must classify these goods under appropriate chapters/headings in the Customs Tariff Act, 1975. According to the recent amendment through Notification No. 62/2024-Customs (N.T.), effective from 19th September 2024, imports of laboratory chemicals under Heading 9802 are restricted to actual users only. The chemicals must […]
Bright Outlook for MSMEs in ITeS Sector, Reports CRISIL SME Tracker
Bright Outlook for MSMEs in ITeS Sector, Reports CRISIL SME Tracker The micro, small, and medium enterprises (MSMEs) in the information technology-enabled services (ITeS) sector are projected to grow by 7-9% in rupee terms to reach Rs 4.2 trillion this fiscal year. This growth is driven by a strong order pipeline and minimal impact from […]
Amazon Great Indian Festival 2024: 8,000 Sellers Cross Rs 1 Lakh in Sales Within First 48 Hours
Amazon Great Indian Festival 2024: 8,000 Sellers Cross Rs 1 Lakh in Sales Within First 48 Hours The Amazon Great Indian Festival 2024 kicked off with a strong start, with over 8,000 sellers surpassing Rs 1 lakh in sales within the first two days of the event, which began on September 27. Amazon reported that […]
India SME Forum Launches “Start Exporting in Eight Weeks” Initiative
India SME Forum Launches “Start Exporting in Eight Weeks” Initiative The India SME Forum (ISF), a non-profit organization supporting Small and Medium Enterprises (SMEs), launched a new initiative titled “Start Exporting in Eight Weeks”. This program, announced at the Business Beyond Borders 2024 Conference, aims to promote ‘Make in India’ products globally. The launch was […]
Over 25% of Micro and Small Enterprises in Northeast Struggling to Survive: Study
Over 25% of Micro and Small Enterprises in Northeast Struggling to Survive: Study A recent study by the MSME Export Promotion Council (EPC) revealed that over 25% of micro and small enterprises (MSEs) in India’s Northeastern states are grappling with severe survival challenges. The region, home to approximately 74,000 MSMEs, faces multiple crises stemming from […]
BSE Pushes for Stricter Scrutiny of SME IPO Listings: Report
BSE Pushes for Stricter Scrutiny of SME IPO Listings Sundararaman Ramamurthy, the CEO of BSE Ltd., has instructed bankers to enhance their oversight of SME initial public offerings (IPOs), following concerns about inflated financial figures in recent applications. According to sources familiar with the situation, Ramamurthy emphasized the need for bankers to carefully vet IPO […]
Manufacturing Sector to Contribute 25% to India’s Economy by 2047: Piyush Goyal
Manufacturing Sector to Contribute 25% to India’s Economy by 2047: Piyush Goyal On the 10th anniversary of the ‘Make in India’ initiative, Union Minister of Commerce and Industry Piyush Goyal emphasized the central role manufacturing will play in India’s future economic growth. Speaking on Wednesday, Goyal projected that by 2047, the manufacturing sector will contribute […]
Watch out for cybersecurity Threats in India
Keep an eye out for cybersecurity threats India’s digital revolution is booming, but with growth comes a surge of cyber threats targeting everything from personal data to critical infrastructure. Cybercriminals are becoming increasingly sophisticated, making cybersecurity a pressing concern. Let’s explore the major cybersecurity threats in India and how we can combat them. Cybercrime is […]
CGTMSE Increases Credit Guarantee for Women MSMEs to 90%
CGTMSE Increases Credit Guarantee for Women MSMEs to 90% The MSME Ministry has announced that women-owned micro and small enterprises (MSEs) will now benefit from increased credit guarantee coverage under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme. The move, aimed at boosting women’s entrepreneurship, will see credit guarantees for women-owned […]
IIMA Ventures Launches Growth Accelerator 2.0 to Support 15 SMEs
IIMA Ventures Launches Growth Accelerator 2.0 to Support 15 SMEs Participants will start with a three-day bootcamp at the IIM Ahmedabad campus, featuring workshops and sessions on scaling businesses, led by IIMA faculty. IIMA Ventures, the startup incubator of IIM Ahmedabad, has launched Growth Accelerator 2.0, designed to support 15 SMEs, family businesses, and growth-stage […]