[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
Tag: industry standing committee meetings
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
Industry Representatives meet standing committee
[vc_row][vc_column][vc_column_text]The representatives of industry associations in Bengaluru and Mysuru, led by the Confederation of Indian Industries (CII) met the members of the Parliamentary Standing Committee on Finance led by M Veerappa Moily. The representatives requested the committee to instruct the banks to increase the quantum of lending to the MSME