Industry bodies have raised concerns about the impact of inverted duty structure in the GST framework that is creating challenges especially for small and medium enterprises. Stating that the Inverted Duty Structure (IDS) has led to unutilized input tax credits, Empower India on Tuesday added that this “choking working capitalContinue Reading
Chennai-based non-banking financial company (NBFC) Dugar Finance has raised $5 million (₹45 crore) in a Pre-Series A funding round led by HegdInvst, a Category II AIF focused on growth equity investments. The capital will support the company to scale its secured MSME lending franchise alongside its established vehicle finance business, and to deepen its presence across tier 2-6 underservedContinue Reading
\Union Defence Minister Rajnath Singh during the inauguration of the National Defence Industries Conclave (NDIC) at Zorawar Hall, Manekshaw Centre, New Delhi, on Thursday. | Photo Credit: ANI Defence Minister Rajnath Singh on Thursday said that innovation in defence has picked up pace as 548 contracts have been signed sinceContinue Reading
A parliamentary panel on Tuesday suggested that the Department of Economic Affairs should develop a strategic energy mitigation framework to protect the economy from oil shocks and ensure long-term stability. In addition, the Standing Committee on Finance, in its report, emphasised that the rapidly evolving global competition for critical mineralsContinue Reading
The ongoing gas supply disruptions for industrial users has already started impacting the micro, small and medium enterprises and they are gearing up to seek moratorium on outstanding loans upto six months and fresh loans to deliver pending orders. Most of the MSMEs are sitting on good order book withContinue Reading
On March 14, the Tamil Nadu government announced a subsidy of ₹2 per unit of electricity for restaurants, hotels and tea shops that switch to electric stoves instead of commercial LPG cylinders to run their businesses. | Photo Credit: PERIASAMY M A critical shortage of LPG is pushing micro, smallContinue Reading
New Delhi – Consort Digital and Niral Networks will improve the railway community by deploying 5G-based mission-critical companies for the Mathura–Chata hall underneath Indian Railways, inside the North Central Railway jurisdiction. The Indigenous 5G-based pilot venture marks a significant step towards validating next-generation, non-public 5G infrastructure for railway-grade operational communications.Continue Reading
