The Department of Revenue in a recent circular has said that exporters will be able to rectify mismatches in the shipping bills and GST returns for bills filed till July 31 this year in order to claim IGST refund.
NEW DELHI: “India is becoming the hub of intellectual production. We must improve our competitiveness to absorb global competence in order to emerge as champions of manufacturing”, said Shri Sudhir Garg, IRSEE, Joint Secretary, MSME, Government of India in a statement, at the CII Conference on Quality Manufacturing: Aspiring for Global Competence, on Friday.
Public procurement portal Government e-Marketplace (GeM) signed a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) in order to help MSMEs, women entrepreneurs, Self Help Groups (SHGs), Women Self Help Groups and various loan beneficiaries under MUDRA and Stand-up India scheme, according to a government press release.
Uttar Pradesh government has initiated preliminary talks with the International Finance Corporation (IFC) seeking easy flow of capital to the Micro, Small and Medium Enterprises (MSME) sector in the state.
A textile processing cluster will be set up at a private industrial estate at Thamaraipatti in Virudhunagar district of Tamil Nadu to promote more inclusive and eco-friendly garment production.
Abhishek Bansal, The Indian rupee has been depreciating since the first week of July and in the last eight weeks it lost almost 4.3 percent against the dollar.