[vc_row][vc_column][vc_column_text]The government had recently put forth its intention to change the definition of the micro, small and medium enterprises (MSME), by introducing a bill that sought to change the definition of the MSMEs. The existing criterion is “investment in plant and machinery or equipment” and the proposed criterion is “annual
Month: July 2018
PIA Holds Interaction Meeting with MSME Commissioner and KSSIDC MD
[vc_row][vc_column][vc_column_text]A delegation, led by Smt. Gunjan Krishna, IAS, Commissioner, Directorate of Micro, Small and Medium Enterprises (MSME) and Sri. Hemaji Naik, IAS, Managing Director, Karnataka Small Scale Industries Corporation (KSSIDC) visited the office of Peenya Industries Association (PIA) on 28 July 2018, at 3pm. The visiting delegation had an interaction meeting
State Government Hikes Water Tariff For Industrial Use by Nearly 100 Times
[vc_row][vc_column][vc_column_text] Industries in Karnataka will have to pay nearly 100 times more for water that they draw from reservoirs, canals, lakes and dams for industrial purposes. The Karnataka government has hiked the tariff from INR 3,200 to INR 3 lakh for every million cubic feet (MCft). The tariff of water drawn
Lorry Strike Affects MSMEs Throughout India; Association Wants Government to Intervene
[vc_row][vc_column][vc_column_text]The lorry strike, which entered the seventh day, has affected the business in many states. The lorry operators have been demanding rationalisation of taxes on diesel and reduction in fuel prices in sync with the international market. All India Motor Transport Congress (AIMTC) had called for a nationwide lorry strike
GST Council to Consider MSME Taxpayers Issues
[vc_row][vc_column][vc_column_text]The Goods And Services Tax (GST) Council will focus on issues that Micro Small Medium Enterprises (MSME) taxpayers face, at its 29 th meeting to be held on 4 August 2018. The GST Council has asked the indirect tax department to make a list of grievances of MSME taxpayers and
Peenya among KPTCL Sub-Stations to be upgraded
[vc_row][vc_column][vc_column_text] Some parts of Bengaluru city, including Peenya, might soon get uninterrupted electric power supply. The Karnataka Power Transmission Corporation Limited (KPTCL) began work on upgrading the substations. The corporation expects to complete this project by December 2018. The KPTCL has already started work near Brindavan Alloys in Peenya, Kumbalagodu in the
Bill to Decide MSMEs Based on Turnover Introduced in Lok Sabha
[vc_row][vc_column][vc_column_text] The government introduced a bill in the Lok Sabha on 23 July 2018 that would classify as a micro, small or medium enterprise (MSME) based on the turnover of the business. The government introduced the Micro, Small and Medium Enterprises Development (Amendment) Bill that would propose a change in criterion of
Hon. Secretary’s Message
[vc_row][vc_column][vc_column_text] Somehow, the people of Bengaluru — and especially the wise and battle-hardened entrepreneurs of Peenya in particular — had a feeling that there will be some kind of a “shock” or some depressing news — soon after the end of the Assembly Elections. For instance, we have seen how a few
India Near the Bottom in Dell’s List of Women Entrepreneur Friendly Cities
[vc_row][vc_column][vc_column_text]Based on its survey, American computer manufacturer Dell Technologies reported on 16 July 2018 that India’s technology hub Bengaluru and capital New Delhi are at the 40 th and 49 th place respectively, on a list of 50 women entrepreneur-friendly global cities. However, the report, “Women Entrepreneur (WE) Cities Index” had
Japanese Delegates Visit PIA Office
[vc_row][vc_column][vc_column_text]On 18 July 2018, delegates from Japan, accompanied by SilverPeak Global (SPG) representatives visited the Peenya Industries Association (PIA) office. The Japanese delegates were: Mr. Keisuke Yamamoto, Member of Nagasaki Prefectural Assembly Mr. Isaku Mori, Director Operations, Japan and South Korea, Official Interpreter to Yamomoto San Subha Bhattachan, Group Chairman, SilverPeak Japan The Representatives of