The contribution of the Micro, Small and Medium Enterprises (MSME) to Indian export and GDP stands at around 50% and 40%, respectively. The growth curve of the Indian economy is largely controlled by this sector. The disruption of the global supply chain as well as the national lockdown ...
Under the historical Howrah Bridge on the banks of the Ganges, one can find one of the Asia’s largest flower markets. The Mullick Ghat flower market in Kolkata is a sight to behold, filled with myriad essences and vibrant colours of fresh flowers. The market generates crore of business every year....
Indian folk arts are integral parts of Indian handicrafts. Every community in India has its own art forms - known as folk art. The ethnic but colourful, simple but vibrant folk arts of India convey a lot about Indian heritage. Integrity in diversityKasturi Gupta Menon, Honorary President of the Craf...
Recently, Nitin Gadkari, the Union Minister of Micro, Small and Medium Enterprises (MSME), said at the inauguration of the ‘39th Indian International Trade Fair,’ that MSMEs in the country must understand the needs of the foreign market and design their products accordingly in order to increase ...
Allahabad Bank, one of the leading nationalised banks of the country, is observing MSME Sampark Abhiyan (MSME Outreach) since October 2019. This is in order to remove the bottlenecks for MSMEs (micro, small, and medium enterprises) in accessing credit. The programme aims to revitalise MSMEs affected...
The Micro, Small and Medium Enterprises (MSME) are the most important stakeholders of the Indian economy. According to the Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation (MOSPI), the share of MSME gross value added (GVA) in total GVA during the 2016-17 fiscal wa...
The Micro, Small and Medium Enterprises (MSME) Ministry is reportedly finalising the new definition of MSME based on annual turnover. In 2018, Prime Minister Narendra Modi had proposed this.Sudakshina Gupta, Professor, Department of Economics, University of Calcutta, told BE, “According to the gov...
The recent India visit of the Bangladesh Prime Minister, Sheikh Hasina has added strength to Indo-Bangla relations. She was invited as the Chief Guest at the India Economic Summit organised by the World Economic Forum on October 03-04, 2019 in New Delhi. On October 05, 2019, she met Indian Prime Min...
In order to ‘provide a further impetus’ towards ‘housing for all’ and affordable housing, Finance Minister Nirmala Sitharaman proposed an additional deduction up to Rs. 1.5 lakh for interest paid on loans borrowed up to March 31, 2020 for buying an affordable house valued up to Rs. 45 ...
The Indian fashion industry is closely linked with the textile industry, which contributed 2% to the GDP and employed more than 45 million people in 2017-18, as per an IBEF report published in 2019. During the festival season, Indian fashion is in glorious display. Shilpa Sethi, Founder, Dapper, a m...