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The Latest Breaking News from MSMEs

CCI directs 8 MSMEs to cease and desist from unfair business practices

NEW DELHI: The Competition Commission on Tuesday directed eight firms and some of their officials to cease and desist from unfair business practices but refrained from imposing penalties on them in a case related to cartelisation in bidding for an Indian railways tender.

The Times of India

Focus on promotion of MSMEs as they generate employment, CM tells officials

Jagan wants special wing to ensure grounding of units approved by investment promotion board

The Hindu

KCCI urges Centre to amend Insolvency and Bankruptcy Code in the interest of MSMEs

President of KCCI M. Ganesh Kamath writes letter to Union Minister for Finance Nirmala Sitaraman seeking amendment

The Hindu

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MSME imports hit after rupee’s free fall against greenback

Import bills of micro, small and medium enterprises have gone up at least 20% to 25% in the last over six months, say trade bodies

The Hindu

Kerala’s draft industrial policy promises incentives aimed at attracting investments

Kerala's new draft industrial policy is aimed at attracting investments, promoting employment generation, and fostering entrepreneurship

The Hindu

Singapore-based company signs MoU with SKU to launch digital skills enhancing programme for youth

ANANTAPUR

The Hindu

Tamil Nadu power tariff hike: bolt from the blue

The recent hike in electricity charges has sent shock waves among the consumers and entrepreneurs alike. While officials have defended the increase, emphasising that it won’t affect the poorer sections, the public have renewed calls for better meters, improved services, and a reversion to the monthly billing cycle

The Hindu

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Thai traders join halal boom

Muslim population growth and trust in halal-certified foods are creating new opportunities in the world's halal food market for Thai halal food traders, say exhibitors.

Bangkok Post

Apec business chiefs back SMEs

PHUKET: Twenty-one Asia-Pacific Economic Cooperation (Apec) members have agreed on a plan to help micro, small and medium enterprises (MSMEs) as well as startups gear up to adopt the bio-circular green (BCG) economic model.

Bangkok Post

Minister eyes quick aid for small firms

Deputy Prime Minister Supattanapong Punmeechaow has stressed the need to speed up help for micro, small and medium-sized enterprises (MSMEs) that are still reeling from the impact of Covid-19, as the move can stimulate efforts to restore the pandemic-ravaged economy.

Bangkok Post

Tamil Nadu has the third largest vendors on Government e-Marketplace

It stands third behind Maharashtra and Uttar Pradesh

The Hindu

Business sector preps Apec proposals

Key business people are preparing to propose five-point recommendations, including the long-delayed Free Trade Area of the Asia-Pacific (FTAAP), which is part of regional economic recovery plans, to 21 leaders of the Asia-Pacific Economic Cooperation (Apec) when they meet in Bangkok later this year.

Bangkok Post

SIDBI to refinance Andhra Pragathi Grameena Bank for improved credit flow to MSMEs

APGB is the first Regional Rural Bank to enter into partnership with Small Industries Development Bank of India in Andhra Pradesh.

The Hindu

Empowering SMEs

2022 has seen an "unprecedented confluence" of challenges for businesses across the world, from the protracted Covid-19 pandemic, economic slowdown and heightened inflation to geopolitical uncertainties. Small and medium enterprises (SMEs) globally are among those hit hard by such an unfavourable environment.

Bangkok Post

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The Hindu

No going back on making Visakhapatnam Executive capital of Andhra Pradesh, says Industries Minister Amarnath

‘A fresh Bill will be introduced in the State Assembly in the next two to three months’

The Hindu

Corridors and clusters are the way forward for small and medium units

An expert committee, headed by retired civil servant N. Sundaradevan, has recommended this approach for the growth of the sector

Al Jazeera

Interest rate hikes start to pinch small Indian businesses

Small businesses start to feel the burn of high interest rates as India launches aggressive campaign to curb inflation.

The Hindu

DRDO chief tells young brains to innovate

Listing out the scores of schemes under which startups, innovation hubs and MSMEs can apply, G. Satheesh Reddy said the organisation had earmarked ₹50 crore to support such novel ideas.

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The Times of India

Six new industrial estates to become operational in 2-3 months: Minister T M Anbarasan

CHENNAI: The six new industrial estates set up in different parts of the state will become operational in the next 2-3 months, minister for MSME T M Anbarasan said on Monday. Several other facilities are also in the pipeline to promote the sector, he added.

The Hindu

25,000 MSMEs registered in State in current quarter: Minister

Minister launches help desks for providing support for aspiring entrepreneurs in all local bodies

The Times of India

Loans given to women entrepreneurs double, but picture is complicated: Gujarat Bankers

AHMEDABAD: As industrial and commercial activity regained momentum after the Covid-19 lockdown and peaks, credit offtakes to MSMEs and all other sectors improved. But the fresh disbursals made to women entrepreneurs showed the highest growth in 2021-22, up 75% against the 2020-21 figures, and the number of beneficiaries went up…

The Hindu

Bringing MSMEs into inclusive and sustainable global value chains

These businesses are the ones that have faced the harshest of environments over the last few years

The Hindu

Focus on infra creation in Visakhapatnam - Chennai Industrial Corridor, A.P. CM tells officials

Jagan advocates creation of a fund to fund initiatives to check pollution

The Hindu

Raw material prices start falling, giving relief to MSMEs

Prices of iron and steel decreased by ₹10,000 a tonne

The Hindu

World lost 11.2 crore jobs in the first quarter of 2022: ILO

Gender gap in India’s employment data finds mention in the report on the ‘world of work’

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Supattanapong Punmeechaow

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