SME Sector
Budget 2024: 45-day payment rule for MSMEs must come to an end, industry says
With India’s 63 million MSMEs facing a problem, changes in the ruling can go a long way in keeping buyer-seller equations intact, while also ensuring a steady flow of the payment cycle.
SMEs may get to turn the page in book of accounts; new norms likely to ease compliance burden
In its report submitted with the Ministry of Corporate Affairs (MCA), the committee has suggested raising the turnover limit to Rs 75 crore in any of the past three years to maintain and audit cost records.
Small businesses to launch over 3,200 new products on Amazon this Prime Day
A host of small businesses will be participating in the shopping event on Amazon on July 20 and 21 this year.
Budget 2024: Climate change, technology are the new challenges Government needs to help MSMEs with
Cutting across sectors and industries, if there is one segment of business that is absolutely critical for the economy, it is the micro, small and medium enterprises. As the Budget draws closer, what does millions of MSMEs in the country want from the FM? Anil Bhardwaj, Secretary General, FISME; Mahavir Pratap Sharma, Past Chairman, CEPC; Rajinish Menon, CEO & Founder, Sukino Healthcare Solutions and Ashish Kukreja, Founder & CEO, Homesfy.in & mymagnet.io provide insights.
How ONDC aims to take e-commerce beyond the ‘elitist’ circle of buyers and sellers
The Open Network for Digital Commerce (ONDC) envisions creating a level playing field for all players in the e-commerce sector, including small businesses and startups, and transforming the system into an open marketplace.
Digitalisation will drive the next growth wave for MSMEs: MeitY Secretary
S Krishnan, Secretary of MeitY, says digitalisation is essential for MSMEs’ growth. Therefore, collaboration between MeitY and MSMEs is the need of the hour to spur the segment’s growth using digitalisation.
Budget 2024: Agriculture & FMCG sectors seek better infra & tech to help farmers tackle climate change, inflationary pressures
Agriculture and FMCG sectors say that the budget must prioritise funding for climate-smart agriculture and creating better infrastructure facilities for farmers and other stakeholders.
Budget 2024: Why India’s agriculture policies need a polio-like awareness drive
The agricultural sector is a vital pillar of the Indian economy, employing 46.5% of the nation’s workforce, with the GVA of the agriculture and allied sector being 18.3% in 2022-23. Every Budget puts a special emphasis on Budget, and this year should be no different. But what do players in the sector want and what should the FM focus on? To discuss this, we have with Himanshu Rattan, Partner and Lead – Government Agriculture & Allied Business, Government & Public Services (G&PS), KPMG in India; Sharmila Oswal, Co-founder, Gudmom by 1 Organic; Rohit Bajaj - Cofounder and CEO, Balwaan Krishi; and Bhuvnesh Gupta, co-founder, Poshn.
How family businesses in India can move past trust and succession challenges to pace ahead
PwC report highlights how FOs have evolved from wealth preservation units to sophisticated entities, driving impactful and responsible investing.
Govt, industry to discuss ways to promote growth of Indian toy sector on Jul 8
Government and industry to meet for discussions on boosting toy manufacturing and exports.
Must Watch
How hybrid cloud can help SMBs with digital transformation and security
As SMB needs in digital transformation evolve rapidly, hybrid cloud presents itself as an effective tool for workplace efficiency.
Jail term for delay in giving out ID cards: How compliance overkill mars chemical industry
It is time to do away with the complex and wide-ranging regulatory provisions in the chemical industry if the promising segment, which has a considerable number of MSME players, is to achieve its potential.
MSMEs have growth opportunities, the challenge is in easing their access to credit: Manish Kothari, Kotak Mahindra Bank
The key pivot for Kotak Mahindra Bank’s MSME lending business has come through holistic banking relationships and out-of-the-box solutions, says Manish Kothari, Head, Commercial Banking, Kotak Mahindra Bank.
In India, road accidents claim 19 lives every hour. Can AI make driving safer?
Startups are using AI tools to analyse driver behaviour in an effort to make the operations of fleet operators easier.
Vishal Mega-Mart joins hands with Officenet to boost operational efficiency among retail workforce
Vishal Mega-Mart has teamed up with Officenet to enhance HR management across its 650+ stores in India.
MSMEs are on sustainability path but profitability focus can make the move faster
MSMEs contribute a big part to India’s manufacturing output and hence, it becomes critical they adopt energy-efficient technologies to reduce operational costs.
