Key Challenges for MSMEs A study by ASSOCHAM and Egrow Foundation highlights significant obstacles faced by Micro, Small, and Medium Enterprises (MSMEs). These include compliance with complex regulations, difficulties in…
Proposal to Include Natural Gas in GST The Union Finance Ministry is reviewing a proposal from the Petroleum Ministry to bring natural gas under the Goods and Services Tax (GST).…
Overview of the PM Internship Scheme The Prime Minister’s Internship Scheme 2024 aims to provide one crore internships in its first five years, fostering employability among youth. The pilot phase,…
New Regulations to Curb Antibiotic Usage In October 2024, the Food Safety and Standards Authority of India (FSSAI) introduced the Food Safety and Standards (Contaminants, Toxins, and Residues) First Amendment…
Drug Controller Arrested for Accepting Bribe Ajayraj D. Sha, an assistant drug controller in Bengaluru, was apprehended by the Lokayukta police on November 4 for accepting a bribe to approve…
Focus on E-Commerce Warehouses and Delivery Standards The Food Safety and Standards Authority of India (FSSAI) has urged state authorities to increase surveillance on warehouses operated by e-commerce platforms. At…
Rise in Trade Licence Fees for Businesses In a recent move, the Greater Chennai Corporation (GCC) has decided to increase the trade licence fee for commercial establishments by a significant…
The Importance of MSMEs in India’s Economy Micro, small, and medium enterprises (MSMEs) play a pivotal role in India’s economic development. Contributing around 30% to the country’s GDP and employing…
Mandatory Filing Deadline and Exemptions The GST annual return (GSTR-9) for FY 2023-24 must be filed by all GST-registered taxpayers (except a few categories) by December 31, 2024. Exemptions apply…
Exponential Growth in MSME Registrations and Employment In the past 15 months, micro, small, and medium enterprises (MSMEs) in India have created close to 10 crore new jobs, as per…