Budget 2019: The Centre’s budgetary announcement of raising excise duty as well as road & infrastructure cess on petrol and diesel has not gone down well with those associated with Surat’s `80,000 crore textile industry which directly and indirectly employs over 15 lakh people.
MSMEs should be given different incentives rather than a subsidy: MSME entrepreneur - 09th July 2019
New Delhi, July 8 (KNN) The Micro, Small and Medium Enterprises (MSME) sector of India has been undergoing a lot of difficulties in the past few years. There was lot of hope rested on the Budget for the year 2019-2020 which was presented by Nirmala Sitharaman, Union Minister of India on July 5, 2019.
Three-year road map to improve regulation, supervision
A positive development taking place recently was that banks were taking a shorter time to transmit the repo rate cuts.
One of the components under the schemes is Credit Linked Capital Subsidy (CLCS) under which capital subsidy up to Rs. 15 Lakh is provided to Micro and Small Enterprises (MSEs) for accessing modern technology, said MSME minister Nitin Gadkari.
Union Finance Minister Nirmala Sitharaman last week presented the first budget of the Modi government in its second term. She laid down a 10-point vision to transform India's economy to reach USD 5 trillion by 2025.