August 30, 2025 – SMEConnect Portal and Magazine

Industry seeks Finance Ministry assurance on GST rate cuts; warns of duty inversion risks

August 30, 2025SMEConnect-DeskLeave a Comment

India’s landmark move towards the next generation of Goods and Services Tax (GST) reforms has sparked concern among key industries. The worry is that proposed rate cuts could create inverted duty structures, negating the intended benefit for consumers. According to sources, multiple sectors—including tractors, pharmaceuticals, medical devices, chemicals, fertilizers, textiles and insurance—have flagged concerns to […]

Maharashtra: Committee recommends mandatory internships for industries receiving Government incentives

August 30, 2025September 3, 2025SMEConnect-DeskLeave a Comment

In a first, a State-appointed Committee has recommended making internships mandatory for all industries receiving Govt. incentives in any form. The Committee has proposed integrating the requirement into the State’s upcoming New Industrial Policy. While the State’s higher and technical education (HTE) department had already issued the internship resolution for universities and its affiliated colleges, […]

New CIBIL Score Rules 2025, Faster Updates and Greater Transparency for Borrowers

August 30, 2025September 3, 2025SMEConnect-DeskLeave a Comment

The Reserve Bank of India (RBI) has introduced significant changes to the CIBIL score rules that will come into effect in January 2025. These changes aim to bring more transparency, efficiency and control over an individual’s financial standing. The reform package is designed to address the growing demand for faster and more accurate credit scoring, […]