Year End Review 2016: Report card of MSME Ministry
SME Times News Bureau | 27 Dec, 2016 |
During the year 2016, Ministry of Micro, Small and Medium Enterprises (MSME) launched various initiatives to improve the ease of doing business and to make MSMEs more globally competitive. These initiatives include... |
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Digital And Cashless Economy : A new way of life after demonetization
Deepak Razdan | 20 Dec, 2016 |
Pay Digital and Win Prizes! As India moves towards a digital and cashless economy, the Government announced on 15th December, 2016 two schemes Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana to give cash awards to consumers and merchants who utilize digital payment instruments for personal consumption expenditures. |
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Digital banking may eat into ATM business
Venkatachari Jagannathan | 02 Dec, 2016 |
With the government nudging people towards digital banking modes -- payments through mobile phones, Point of Sale (PoS) machines and others -- ATM players may find their business in a flux in the coming years. |
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Donald Trump: A turning point or stopgap?
Saeed Naqvi | 28 Nov, 2016 |
After a convivial evening at King's College on the Strand, when he boarded the Victoria Line to Earl's Court, Professor Ron Geaves experienced the first public reaction to a Donald Trump victory. |
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Demonetisation a double whammy for microfinance sector
Bappaditya Chatterjee | 14 Nov, 2016 |
The demonetisation of high-value currency notes has come as a double whammy for micro finance institutions (MFIs), which have temporarily stopped providing credit to their customers while loan repayments have also taken a major hit, industry sources said. |
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Banks must login for fully-encrypted ATM security solutions
Nishant Arora | 27 Oct, 2016 |
While some of the countrys premier banks are busy blocking debit cards that have been compromised (the numbers run into millions) in one of the financial sectors biggest data breaches, its time for banks to adopt state-of-the-art, fully encrypted ATM security solutions to safeguard consumers, the countrys top cyber experts have suggested. |
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Manufacturing competitiveness key to India's progress
Amit Kapoor | 20 Sep, 2016 |
India has convinced a lot of people and the world is making big bets on its stature as a manufacturing and economic powerhouse. However, there are many challenges that lie ahead. Now that the vision has been set, India needs to undertake the hard task of execution. |
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Business needs and social good are in synergy
Sajid Ahmed | 13 Sep, 2016 |
Donations, subsidies and exemptions can never be enough to solve extreme poverty. Moreover, it is disheartening that we tend to turn a blind eye towards the results after we receive our tax exemptions and accolades. Programmes like Corporate Social Responsibility (CSR), which urge businesses to give more and get more involved in social issues, have started yielding benefits in finite silos. |
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India yet to realise its economic freedom
Amit Kapoor | 23 Aug, 2016 |
It has been just over 69 years since the stroke of the midnight hour when India awoke to life and its freedom. Over the past 69 years, we have had many of the pledges realised not wholly or fully but quite substantially. |
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One nation + one tax = Rs 9.20 lakh cr for GST
IANS | 16 Aug, 2016 |
About 42 percent of the Rs 22 lakh crore (USD 328 billion) revenue of the central government and 35 states and union territories will now be subsumed under the goods and services tax (GST), passed by parliament's upper house on August 3, 2016 and being touted by some as one of independent India's "boldest reforms". |
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Impact of GST on SMEs
SME Times News Bureau | 03 Aug, 2016 |
Finally the largest tax reform in Indian history has sailed through the toughest hurricane. The much awaited Goods and Services Tax ('GST') is finally ready to get constitutionalized as the Upper House of the Parliament has passed the Constitution (122nd Amendment) Bill, 2014 ('the Bill'). |
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Open public Wi-Fi networks boon for hackers to steal sensitive data
Nishant Arora | 19 Jul, 2016 |
If you are a frequent business traveller and spend most of your time away from the safe internet boundaries of your office or home, be warned. Public Wi-Fi networks -- at the hotel lobby, in the spa, at the poolside or inside a shopping mall -- are not at all secure for official work, sensitive data sharing or transferring funds.
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Make in India also requires Move in India push
Amit Kumar | 05 Jul, 2016 |
Logistics forms the backbone of domestic and international trade in any economy and is a critical factor for competitiveness. Besides providing employment and movement of goods, an efficient logistical network enables increases in the speed of doing business. |
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As net use spreads, cyber crimes up 19 times over 10 yrs
Chaitanya Mallapur | 16 Jun, 2016 |
Cyber crimes reported in India rose 19 times over the last 10 years (2005 to 2014), from 481 in 2005 to 9,622 in 2014. India is now ranked third - after the US and China - as a source of "malicious activity" on the internet, second as a source of "malicious code" and fourth and eight as a source or origin for web attacks and network attacks. |
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Modi, Obama hit one for the road, partners in defence
Arun Kumar | 09 Jun, 2016 |
Call it President Barack Obama's desire to seal his legacy or the Trump effect, as some pundits would have it, he and Prime Minister Narendra Modi celebrated his fourth visit to the US in two years with a flurry of agreements, including one in which the US commits itself to sharing defence technology with India "to a level commensurate with that of its closest allies and partners".
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What happens when online ads attack: Malvertising?
Nilesh Jain | 02 Jun, 2016 |
Google defines 'Malvertising', a term coined from the combination two words, malicious and advertising, as - the use of online advertising to spread malware. Malvertising involves injecting malicious or malware-laden advertisements into legitimate online advertising networks and webpages.
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$1 tn extra GDP by 2020 - If all Indians get online
Tanay Sukumar | 30 May, 2016 |
Four of five Indians could afford the internet if data costs fell by 66 percent, according to a Facebook-commissioned report on Internet access. But Indian telecom operators already run data services at a 11 percent loss, making cost-cutting difficult. |
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With Assam in bag, time to move forward with reforms
Amulya Ganguli | 24 May, 2016 |
Assam has given Narendra Modi a breather. It is now up to him to make full use of the time he has got to recover from last year's drubbings in Delhi and Bihar, and brace for the battles in Uttar Pradesh, Punjab, Gujarat and Goa next year. |
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Impact of recent regulatory move on Make in India
Amit Kapoor | 03 May, 2016 |
Manufacturing in India has not been particularly strong. This is because of a host of reasons emanating from the India's socialist era. Prominent among these include labour laws resulting in trade unionism, licenses for regulating production activity and the like. |
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Tale of an untapped $13 bn waste management industry
Kushagra Dixit | 11 Apr, 2016 |
Between an India which produces 62 million tonnes of solid waste every year and a 'Swachh Bharat' is an untapped waste management industry which has the potential to be worth $13 billion by 2025, according to business organisations dealing in waste management research. |
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Doubling farmers' income by 2022 will prove Herculean
Abhishek Waghmare | 05 Apr, 2016 |
After adjusting for rising costs, an Indian farmer's income effectively rose 5 percent per year over the decade (2003-2013), according to an IndiaSpend analysis of various government data. This calls into question Finance Minister Arun Jaitley's declaration of doubling their income over the next five years. |
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Can India transform economic challenges into opportunities?
Amit Kapoor and Sankalp Sharma | 14 Mar, 2016 |
The Indian economy, with its evolution and transformation over the past 25 years, has been a topic of discussion among policymakers and other key stakeholders in India and abroad. A more interesting perspective is in understanding the future trajectory of Indian growth. |
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Why Make in India is stumbling over our labour laws
Abhik Ghosh | 07 Mar, 2016 |
What's the one assurance investors want before setting up manufacturing base in India? The ease of making workforce adjustments in line with changing market conditions. In this area, Indian labour laws are among the most restrictive. |
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Top 10 Leadership Tight-Spots for Startup Founders
Dr. Yasho V Verma | 23 Feb, 2016 |
There is a lot written about do's and don'ts for startup founders, while there are many practical handbooks available trying to help newbie entrepreneurs, I would like to sum the most observed dilemmas that leaders of startups face as following: |
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What must Budget 2016 focus for MSMEs
Masroor Lodi | 16 Feb, 2016 |
The Union Budget 2016 is soon going to be out and the Finance Minister has signalled positive steps to support MSMEs in the forthcoming budget. Here are some of the priorities that I believe should be focused in the budget. |
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Gurgaon tops in real estate investment destinations in NCR: Study
SME Times News Bureau | 01 Feb, 2016 |
Gurgaon has been preferred as the most attractive and emerging real estate investment destination, followed by Delhi, Noida, Faridabad and Alwar, according to a recent study on Determinants of real estate: A survey of Delhi NCR undertaken by PHD Research Bureau of PHD Chamber of Commerce and Industry. |
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Startup India and a more competitive India
Amit Kapoor | 27 Jan, 2016 |
Startups form the basis of a more productive and prosperous nation. The growth of several countries in the past have been driven by a need for creating better solutions for existing problems by entrepreneurs. This, along with secure property rights are major differences between organised and unorganized societies. |
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Modi regales entrepreneurs with one-liners on start-ups
SME Times News Bureau | 17 Jan, 2016 |
Prime Minister Narendra Modi was in his elements at the launch of Start-up India' and 'Stand-up India' movement on Saturday, regaling a smart audience of young entrepreneurs, start-up founders, techies, ministers and officials at Vigyan Bhavan in New Delhi. |
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When small is beautiful
Dr. Yasho V Verma | 11 Jan, 2016 |
SMEs can fortify and protect themselves, it is already happening with technology blending with traditional selling methods |
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Prices of essential commodities a major challenge for Govt
Gargi Parsai | 05 Jan, 2016 |
The prices of pulses because of huge demand supply gap and the government measures to contain the prices dominated the food sector in 2015. On the other hand, sustained efforts of the central government resulted in the implementation of the National Food Security Act in 25 states/UTs towards the end of the year -- under which 67 per cent identified population is to get highly subsidized foodgrains through ration shops -- and secured assurances from remaining States to set the ball rolling by March next year. |
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Index
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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84.35
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82.60 |
UK Pound
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106.35
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102.90 |
Euro
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92.50
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89.35 |
Japanese
Yen |
55.05 |
53.40 |
As on 12 Oct, 2024 |
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Daily Poll |
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Will the new MSME credit assessment model simplify financing? |
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