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 […]
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, […]
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, […]
In a big move, the Reserve Bank of India (RBI) has introduced new rules to help people with low CIBIL scores get loans more easily. This is great news for millions of Indians who struggle to borrow money due to their credit history. The changes aim to make banking fairer and give everyone a better […]
Efforts to help industry, especially MSMEs to achieve scale and thereby ensuring better wages is key, since the capacity to spend is intrinsically tied to growth in income that has been tepid, particularly in urban India. Concerned over slowing wage growth, the Finance Ministry plans to hold regular meetings with Indian industry, especially medium, small […]
Starting Wednesday, Indian goods entering the US market will be subject to a 50% tariff after Washington doubled existing duties, heightening cost pressures on exporters. The Prime Minister’s Office will convene a high-level meeting on August 26 to review measures for Indian exporters facing the impact of higher tariffs in the United States, according to […]
Ms. Saakshi Kulkarni, Director – SME Chamber of India and SME Business Forum Mr. Raymond Dsaoza – SME Coach – PassionPrenuer addressing the delegates on Are you a Solopreneur or an Entrepreneur Mr. Kauhik Chandra – CAO – Atkonnectt Redefiningg Business addressing the delegates on The F.A.C.T.S Driving Your Business Mr. Rahul Dubey – Product […]
India’s labor-intensive export sectors, including textiles, diamonds and seafood are bracing for a major shock as an additional 25% U.S. tariff on Indian goods is set to take effect on August 27. All eyes are on August 27 when US President Donald Trump’s secondary sanctions of 25%—besides the 25% reciprocal tariffs already in effect from […]
The credit score by CIBIL can decide whether someone gets a car loan, a home loan, or even a credit card. Yet, very few actually know how CIBIL works or who controls it. Most people in India know the importance of a CIBIL. It can decide whether someone gets a car loan, a home loan […]
Tamil Nadu outperforms peers with growth in secondary sector at more than double the national average at 13.4% (at constant prices). At the overall GSDP level, Tamil Nadu consolidated its lead in year-on-year growth with its economy reaching ₹17.32 lakh crores in FY25, reflecting 11.2% annual growth. Even as India’s secondary sector (comprising manufacturing, construction, […]
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