Tag: Ministry of Micro Small and Medium Enterprises (MSME)

Automobiles and ancillaries get a big push through GST reforms

This reform is poised to make vehicles more affordable, enhance logistics efficiency, and stimulate demand in both urban and rural markets, according to the Ministry of Road Transport and Highways.

September 12, 2025

Textile sector needs incentive cushion as 50% US tariffs too steep to absorb: Report

The report highlighted that such high tariff levels will lead to erosion of already low margins in the sector, which is struggling to stay competitive in global markets.

September 9, 2025

New GST slabs to ease burden on common man, small traders, MSMEs: MoS Finance Pankaj Chaudhary

The minister said that the reform will bring ease of doing business in multiple fields and be a huge relief for the healthcare & insurance sector.

September 4, 2025

NDA Chief Ministers Hail PM Modi, FM Sitharaman for “Historic” GST Reforms

Maharashtra CM Devendra Fadnavis lauded the abolition of the 12% and 28% GST slabs, calling it a “truly historic reform.”

September 4, 2025

GST reforms to boost affordability and consumption across sectors: Report

 report further added that consumer durables and automobiles will see increased demand due to lower GST rates on white goods and small vehicles.

August 19, 2025

Congress Seeks Discussion Paper on GST 2.0 After PM Modi Promises ‘Double Diwali Gift’

Congress General Secretary Jairam Ramesh said GST must evolve into a “Good and Simple Tax” instead of remaining a “Growth Suppressing Tax.”

August 16, 2025

20 indigenous student-designed chips taped out from SCL Mohali: Ashwini Vaishnaw

In a social media post, the minister stated, "Bharat's Yuva Shakti, 20 indigenous student-designed chips taped out from SCL Mohali."

August 13, 2025

PM Modi Stands Firm on Farmer Interests Amid U.S. Tariff Hike Led by Trump

The tariff escalation is seen as part of ongoing trade tensions, with the U.S. demanding greater access to India’s agricultural market, particularly for corn, soybeans, and cotton.

August 7, 2025

India Poised to Capture Major Share of USD 1 Trillion Global Semiconductor Market by 2030

Backed by strong government initiatives, strategic partnerships, and major private investments, India’s semiconductor ecosystem is quickly transitioning from policy planning to production.

August 4, 2025

Banks’ credit growth to remain low as corporates using other funding sources in low interest rate regime: SBI Report

The report noted that corporates tend to avoid bank loans when interest rates are low and instead explore other sources of funding.

August 2, 2025