New Delhi, Jun 1 (KNN) The Confederation of Indian Textile Industry (CITI) has welcomed the government’s decision to temporarily remove the 11 percent import duty on cotton from June 1 to October 31, 2026. The industry body stated that the move will improve the global competitiveness of India’s textile andContinue Reading
New Delhi, Jun 22 (KNN) Reserve Bank of India (RBI) Governor Sanjay Malhotra on Sunday reaffirmed the central bank’s commitment to supporting the Micro, Small and Medium Enterprises (MSME) sector, describing it as India’s ‘entrepreneurship nursery’ and a vital driver of economic growth and employment generation. Malhotra said MSMEsContinue Reading
New Delhi, Jun 16 (KNN) The Ministry of MSME, in collaboration with NITI Aayog’s Women Entrepreneurship Platform and the Ministry of Rural Development, is working to promote inclusive growth within the country’s MSME ecosystem, recognising the sector’s critical role in economic growth and employment generation. ScaleUp Summit 2026 ToContinue Reading
New Delhi, Apr 10 (KNN) The Centre is considering the expansion of subsidised community kitchens to key manufacturing clusters as part of a broader strategy to retain migrant workers and stabilise labour supply in micro, small and medium enterprises (MSMEs). Plan To Support MSME Workforce The proposal, discussed atContinue Reading
New Delhi, Apr 29 (KNN) Union Commerce and Industry Minister Piyush Goyal on Saturday announced that all intellectual property (IP) registrations related to sports will be made free of charge for a period of three years, effective immediately. The announcement was made at the World IP Day 2026 eventContinue Reading
New Delhi, Jun 26 (KNN) Tier-II, Tier-III and smaller business centres are driving formal receivables financing in India, accounting for 71 percent of MSMEs on the M1xchange TReDS platform and 67 percent of transaction volume, according to its first Working Capital Pulse Report. The findings underscore the growing reach ofContinue Reading
New Delhi, Feb 28 (KNN) Noting the role of MSMEs in economic growth and job creation as India marches ahead to become global manufacturing powerhouse, a World Economic Forum (WEF) report has highlighted the role of edge AI as a viable pathway for productivity enhancement. The report said that unlikeContinue Reading
