A Reserve Bank of India (RBI) study said that demonetisation negatively affected the credit growth of the Micro Small and Medium Enterprises (MSME) sector. The implementation of the Goods and Services Tax (GST) did not greatly affect the overall credit to MSMEs. The RBI conducted the study to assess the credit
Tag: Industry GST News
GST Council forms GoM to Address MSME Issues
As per Finance Minister Piyush Goyal’s statement after the 29th GST Council Meet, the GST Council, under the aegis of the Ministry of Finance, has constituted a Group of Minister (GoM) for Micro Small and Medium Industries. Minister of State (MoS) Finance, Government of India, Shiv Pratap Shukla is the convener
MSME Sector gets some relief as Lok Sabha Passes GST Bills
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
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