The Micro, Small and Medium Enterprises (MSME) sector could see some light at the end of the tunnel, as the Lok Sabha passed the amendment bills to the Goods and Services Tax (GST). Finance Minister Piyush Goyal presented these bills in the Lok Sabha after the GST Council received various
Month: August 2018
IISc installs newly-developed portable air sensor in Peenya
[vc_row][vc_column][vc_column_text]The Indian Institute of Science (IISc) has installed two air sensors in Peenya and the IISc campus on a trial basis. A team of scientists at the IISc, led by Mahesh Kashyap, has developed an “air sensor” to measure the quantity of carbon dioxide, nitrogen oxide and sulphur oxide in
Poor Quality Chinese Goods Troubling Indian Industry
A Parliamentary Committee submitted its 55th report on “Impact of Chinese Goods on Indian Industry” to the government. The government presented this report in the Rajya Sabha, which recommended completely protecting the Indian industry against illegitimate, protectionist and unfair trade practices of any country. The parliamentary committee noted in the report
World Biofuel Day on 10 August
To highlight the importance of non-fossil fuels as alternative to the normally used fossil fuel, the World Biofuel Day is observed every year. The World Biofuel Day also highlights the efforts that the governments have made in this sector. In India, the Ministry of Petroleum and Natural Gas has been
Government Puts Forth 4 GST Amendment Bills to Help MSMEs
Karnataka to set 5 technology hubs for start-up innovations
[vc_row][vc_column][vc_column_text]The Government of Karnataka intends to boost technology-based start-up companies. Information Technology Minister K J George said that the government is establishing five technology hubs across Karnataka for start-up companies to innovate in product manufacturing, and cater to the domestic and export markets. George said that the government set up the
FICCI Welcomes GST Council Initiative To Address MSME Issues
The Federation of Indian Chambers of Commerce & Industry (FICCI) has welcomed the Goods and Service Tax (GST) Council’s initiative to discuss the issues that Micro Small and Medium Enterprises (MSMEs) face. FICCI President Rashesh Shah said that the group of ministers headed by the Minister of State for Finance
Indian Machine Tool Industry Projected to Grow at 5.5 percent in 2019
India has many machine tool manufacturing units. The machine tool industry in India is highly fragmented, yet its market is expanding. The Indian machine tools industry is projected to grow at 5.5 per cent per year through 2019. Growing demand in China and other developing countries is the reason behind
KASSIA against changing MSME Definition
[vc_row][vc_column][vc_column_text] The Karnataka Small Scale Industries Association (KASSIA) has told the centre that it is against changing the definition of the Micro Small and Medium Enterprises (MSMEs) . Regarding the government’s move to change the definition of the MSMEs, KASSIA President Basavaraj Javali acknowledged the need for scientific definition of MSMEs ,
MSMEs Issues To Be Resolved by GST Council-formed Committee
[vc_row][vc_column][vc_column_text]The Goods and Services Tax (GST) Council held its 29 th meeting in New Delhi last Saturday (4 August). Piyush Goyal, assuming charge as finance minister in place of the indisposed Arun Jaitley, chaired the meeting. He stated that the GST Council would form a committee to look into the