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They are forced to go for a production cut as exports plunge, inventory piles up

The fourth edition of the National Entrepreneurship Awards, instituted in a bid to recognize and encourage outstanding Indian Entrepreneurs by the Ministry of Skill Development and Entrepreneurship (MSDE) has opened for nominations.

The government is working on a stimulus package for the industry including a slew of financial measures ranging from tax cuts, subsidies and other incentives, a news agency report said quoting official sources.

In a meeting with Finance Minister Nirmala Sitharaman on Thursday, industry leaders demanded urgent stimulus package for economic revival. 

In what is expected to boost investor sentiment, the Income Tax (I-T) Department has directed its officers to accept the declarations of companies which were tagged as start-ups in the middle of a scrutiny for angel tax.

The 53rd Convocation of Indian Institute of Foreign Trade (IIFT) was held on August 8at the Institute’s campus in New Delhi.

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