MSME

The government is considering suggestions regarding changes to Section 43B(h) of the Income Tax Act made by MSMEs during pre-budget consultationsNew Delhi: The government may relax the requirement of making payments to MSMEs within 45 days of buying goods...

About 29% MSMEs used accounting software, followed by POS software and Customer Relationship Management (CRM) software at 17% and 14%, respectively, to manage their business operations, the PayNearby report foundNew Delhi: An overwhelming 68% Micro Small Medium Enterprises (MSME)...

The industry body asserts that implementing these measures will strengthen the retail industry and contribute to the GDP of the countryBengaluru: In its recommendations to the central government for the Union Budget 2024–2025, the industry apex body Retailers Association of...

The clause in the Income Tax Act added through the Finance Act 2023 is aimed at addressing the issue of working capital scarcity in the MSME industry and promoting prompt payments to micro and small businessesNew Delhi: Representatives of...

Dinesh Gulati, Indiamart's chief operating officer (COO) sheds light on the B2B marketplace’s evolving business model, the nearly three-decade-long journey of adoption and long-term visionNew Delhi: When it started in the 1990s, Indiamart opened up the world to Indian...

Currently, Ikea is operating stores in Hyderabad, Mumbai and Bengaluru and is investing around Rs 7,000 crore to enter the National Capital Region with two stores in Gurugram and NoidaNew Delhi: Swedish furniture retailer IKEA is looking at the...

The banking sector and microfinance institutions also hailed the interim budget presented by Union Finance Minister Nirmala Sitharaman in Parliament on ThursdayNew Delhi: Several industry captains on Thursday lauded the interim budget, stating that it will support the country's...

Frequently asked questions about Initial Public Offering (IPO) for small and medium retail businesses answeredSmall businesses are an important driver of India’s economy, contributing to over 27% of the country’s GDP.As of June 2023, the government’s portal that registers...

The industry body asserts that implementing these measures will enhance overall consumer sentiment, positively impacting the retail sectorBengaluru: Industry apex body Retailers Association of India (RAI) has suggested prioritising demand stimulation and encouraging consumption through incentives or concessions, particularly in the...

Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that huge export opportunities are there in the e-commerce sectorNew Delhi: The commerce ministry's arm DGFT is working with the RBI and concerned ministries, including the finance ministry, on...