RBI Governor Recommends a Balanced Multi-Sectoral Focus
RBI Governor Recommends a Balanced Multi-Sectoral Focus Amid Manufacturing vs. Services Debate Speaking at an event in Delhi, Reserve Bank of India (RBI) Governor Shaktikanta Das highlighted India’s potential growth rate at 7.5% and projected that the economy could “eventually” grow at 8%, adding that growth for the current year is expected to be 7.2%. […]
Centre to Train Tribal Students in Semiconductor Technology
Centre to Train Tribal Students in Semiconductor Technology The Ministry of Tribal Affairs has launched a new initiative to equip tribal students with skills in semiconductor technology, crucial for manufacturing electronic devices such as smartphones and computers. This initiative is being implemented by the Indian Institute of Science (IISc) in Bengaluru, to train 2,100 tribal […]
Digital Competition Bill Could Undermine MSME Ecosystem, Say Small and Medium Businesses
Digital Competition Bill Could Undermine MSME Ecosystem, Say Small and Medium Businesses Members of the India SME Forum, the largest association of SMEs in the country, expressed concerns that the Digital Competition Bill (DCB) could adversely affect the MSME ecosystem and hinder India’s Viksit Bharat goals. The industry body, representing small and medium enterprises (SMEs), […]
India’s Manufacturing Sector Growth Slows in July Amid Softer Orders and Output
India’s Manufacturing Sector Growth Slows in July Amid Softer Orders and Output New Delhi: India’s manufacturing activity eased slightly in July due to softer increases in new orders and output, following a recovery in June from a three-month low in May. The HSBC final India Manufacturing Purchasing Managers Index (PMI), compiled by S&P Global, recorded […]
SEBI orders probe against SME IPO merchant banker for alleged violations while managing issues: Report
SEBI orders probe against SME IPO merchant banker for alleged violations while managing issues: Report SEBI ordered an inspection of Corporate Capital Ventures and probed the operations and activities of the entity and its directors between August 2022 and June 2024. Capital markets regulator Securities and Exchange Board of India (SEBI) is reportedly investigating Corporate […]
India Elected Vice-Chair of Indo-Pacific Supply Chain Council
India Elected Vice-Chair of Indo-Pacific Supply Chain Council India has been elected as Vice-Chair of the Supply Chain Council, the Commerce and Industry Ministry announced on Wednesday. In a significant milestone, the 14 partner countries of the Indo-Pacific Economic Framework (IPEF) have established three councils to enhance economic cooperation in the region. Under the Indo-Pacific […]
High Returns and Government Support Drive AIFs to Explore SME-Focused IPOs
High Returns and Government Support Drive AIFs to Explore SME-Focused IPOs Approximately 900 SMEs are now listed on the SME platforms of both the National Stock Exchange and the BSE, with significant traction observed over the past 2-3 years. The recent success of Initial Public Offerings (IPOs) for Small and Medium Enterprises (SMEs), coupled with […]
Incentives Worth Rs 9,721 Crore Claimed Under PLI Scheme for Nine Sectors: Piyush Goyal
Incentives Worth Rs 9,721 Crore Claimed Under PLI Scheme for Nine Sectors: Piyush Goyal Commerce and Industry Minister Piyush Goyal informed the Lok Sabha on Tuesday that incentives amounting to Rs 9,721 crore have been claimed under the Production Linked Incentive (PLI) scheme for nine sectors, including electronics manufacturing and pharmaceuticals. Actual investments totaling Rs […]
NSE Partners with Defence Ministry to Facilitate MSME Capital Access
NSE Partners with Defence Ministry to Facilitate MSME Capital Access The National Stock Exchange (NSE) has partnered with the Defence Ministry to provide capital market access to MSMEs in the defence sector through its NSE Emerge platform. New Delhi, Jul 29 (PTI) – The National Stock Exchange (NSE) announced on Monday that it has signed […]
India Actively Pursuing Global Manufacturing Hub Status
India Actively Pursuing Global Manufacturing Hub Status India is undergoing rapid economic growth and aiming to establish itself as a global manufacturing hub, according to a report by Lazard. The report highlights India’s strong demographic advantage, featuring a growing labor force and a rising middle class, as well as Prime Minister Narendra Modi’s commitment to […]