New Delhi, Jun 30 (KNN) India’s industrial output grew 5.1 percent year-on-year in May 2026, up from 4.9 percent in April, supported by strong performance in manufacturing and electricity despite a contraction in mining, according to the latest Index of Industrial Production (IIP) data released by the Ministry of StatisticsContinue Reading
New Delhi, Jun 29 (KNN) World Micro, Small and Medium Enterprises (MSME) Day, observed annually on June 27, celebrates the contribution of millions of entrepreneurs, artisans and small businesses that drive economic growth, employment generation and sustainable development across the globe. Designated by the United Nations General Assembly inContinue Reading
New Delhi, Jun 29 (KNN) Delayed payments are straining working capital at India’s small businesses, with average receivables overdue beyond 360 days at about Rs 3.8 crore per firm and the national invoice cycle stretching to 73 days, according to the Indian SME Receivables Report 2026 by credit risk andContinue Reading
New Delhi, Jun 29 (KNN) Micro, small and medium enterprises (MSMEs) are seeking the next phase of Goods and Services Tax (GST) reforms to focus on improving liquidity, simplifying compliance and reducing working capital pressures, according to Deloitte India’s GST@9 Survey: The Next Phase-GST 2.0. The survey indicates thatContinue Reading
New Delhi, Jun 29 (KNN) The government has amended the Insolvency and Bankruptcy Code (IBC) to make it mandatory for the National Company Law Tribunal (NCLT) to admit insolvency applications filed by financial creditors once a payment default is established, a move aimed at reducing delays in corporate insolvency proceedings.Continue Reading
New Delhi, Jun 29 (KNN) Shifting global supply chains, the China+1 strategy, digitalisation and sustainability trends offer significant opportunities for Indian MSMEs to expand their role in global value chains, industry body CII said in a report. It however noted that in order to capitalise on these opportunities, the MSMEsContinue Reading
New Delhi, Jun 29 (KNN) Awareness and effective use of government policies and schemes can significantly accelerate MSME growth, Federation of Indian MSMEs (FISME) President Rakesh Chhabra said during SIDBI MSME Samvad on International MSME Day. He noted that alongside hard work, quality products and market demand, policy awarenessContinue Reading
