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

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

RBI Data Shows Slowdown in Non-Food Credit Growth to 10.2% in June 2025; Services Trade Maintains Momentum

The services trade boost was led by robust performance in IT, business, and financial services, which continue to drive India's export earnings.

August 1, 2025

Public Sector Banks Outpace Private Lenders in Q1FY26 Credit Growth: CareEdge Report

The report also noted a broader slowdown in Net Interest Income (NII) across Scheduled Commercial Banks (SCBs), with year-on-year growth falling to 4.1% in Q1FY26, down from 12.7% in the same quarter last fiscal year.

August 1, 2025

India-UK Free Trade Pact ‘Most Comprehensive and Game-Changing Yet’: Piyush Goyal

Goyal called the deal a “stepping stone” toward achieving the vision of Viksit Bharat 2047, with India now emerging as a trusted global economic partner.

July 26, 2025

India-UK FTA to Boost Indian Auto Component Industry, Says Sunil Mittal

This tariff reduction will be phased in over 10 to 15 years, allowing time for India’s domestic auto sector to scale up further.

July 25, 2025