Union Minister for Micro, Small, and Medium Enterprises Nitin Gadkari, on Tuesday, launched a three-year project ‘Tech-Saksham’ in partnership with industry body Confederation of Indian Industry (CII) to enable technology adoption among MSMEs in India, said media reports.
The rupee rose by as much as 18 paise against the US dollar on Friday. The rupee opened higher at 71.76 against the greenback, and climbed to as high as 71.62 at one point by late morning deals.
GUWAHATI: North East Industrial Development Scheme (NEIDS) is a flop and has failed to bring investors to the the region, a local industry body has written in a letter to Union finance minister Nirmala Sitharaman.
Ahmedabad: As the demand for fabric has declined in the domestic as well as international market, the textile processing units are bearing a deserted look. Left with no choice, these units are forced to cut production by a significant 40%, according to industry estimates. Gujarat is home to more than 600 textile processing units.
MUMBAI : Reserve Bank of India’s (RBI) profit for 2018-19 more than trebles to ₹1.76 trillion owing to lower expenditure and higher other income, which has enabled a higher surplus transfer to the government.
The “hurried and unplanned” roll-out of the GST has not only led to lower tax collections, but has also allowed frauds worth more than ₹45,000 crore to take place, West Bengal Finance Minister Amit Mitra wrote in a letter to Union Finance Minister Nirmala Sitharaman.