Driven by high tariffs, India's toy imports fell 71% while exports hit $186M. Capturing under 1% of global trade, the Centre now targets a 25% global market share by 2032 through MSMEs and FTAs.

From China's shadow to Made-in-India toys: Imports fall 71% as Centre targets 25% global share

Indian Finance Minister Nirmala Sitharaman said that 'Import duties have been rationalised to allow Indian industry to source raw materials and promote domestic manufacturing and exports'. Watch this report for more details!

India's FM Sitharaman announces duty cuts to support MSMEs & exports

India, Business, Economy: Finance Minister Sitharaman introduces new MSME classification criteria to boost growth and streamline business operations.

India Union Budget 2025: Finance Minister announces new classification criteria for MSMEs

Finance Minister Nirmala Sitharaman unveiled the Union Budget 2024, introducing significant initiatives across various sectors including agriculture, manufacturing, and services.

Union budget 2024: FM allocates INR 26,000 cr for roads, custom duties on critical minerals exempted

The micro, small, and medium enterprises (MSME) sector stand as a cornerstone of India's economic vitality, driving growth, development, and employment. Technological advancements present vast opportunities for MSMEs to innovate and further enhance their operations, with around 70 per cent of MSMEs reporting significant improvements in efficiency and growth after adopting new technologies.

How MSMEs can adapt to changing market dynamics

The Small Industries Development Bank of India (SIDBI) and the Global Alliance for Mass Entrepreneurship (GAME) have entered into an MoU to help the MSMEs address their challenges that were accentuated during the pandemic, along with the longstanding capacity gaps in the sector.

SIDBI ties up with Global Alliance for Mass Entrepreneurship to help MSMEs revive

The restructuring option will be open to borrowers who hadn’t availed in 2020. Borrowers can now opt for it if the amount is less than Rs 25 crore.

RBI Governor announces loans restructuring facility for small borrowers

Stepping into their centenary year, the Board of the Thoothukudi(Tuticorin)-based Tamilnad Mercantile Bank (TMB) has revealed the reviewed results for the quarter ended on December 31st, 2020.

Tamilnad Mercantile Bank reports net profit of Rs 180.81 crore, with a growth of 95.64%

Transport minister Nitin Gadkari said today that the cabinet has approved the road map for implementing two packages for MSMEs which includes Rs 20,000 crore package for distressed MSMEs and Rs 50,000 crore equity infusion through Fund of Funds.

Government pushes to revive MSMEs amid COVID-19 crisis

Finance Minister of India, Nirmala Sitharaman today slashed the personal income tax rate for individuals for the fiscal year 2020-21. Under the new regime, taxpayers will pay 10%, 15%, 20% and 25% for incomes between Rs 5-7.5 lakh, Rs 7.5-10 lakh, Rs 10-12.5 lakh and Rs 12.5-15 lakh.

Watch In-depth Analysis of Budget 2020

RBI Governer Shaktikanta Das said in a tweet, 'Will hold meetings with MSME associations and representatives of NBFCs next week.'

RBI Governer Shaktikanta Das to meet MSME, NBFC representatives next week

The report attributed the lack of internet inclusion to the possible diverse cultures and language barriers in India

Demonetisation: Amid clamour for digitisation, 950 million Indians have no internet access, says ASSOCHAM

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