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President of India, Ram NathKovind, said that the MSME sector is leveraging the demographic dividend of the countryand promoting inclusive growth in rural and backward areas. He said that MSME sector accounts for around60% employment in India. He said that there are 6.5 crore MSME units across the country employing over 11 crore people and contributing over 10% growth which ...

Handicrafts sector has been exempted from minimum salary condition (Rs. 16.25 lakhs per annum) for grant of employment visa to foreign designers for a period of 2 years i.e. till 30.06.2020. Export Promotion Council for Handicrafts (EPCH) had sought the intervention of Union Minister of Textiles for getting the exemption from the minimum salary condition for grant of employment visa ...

   In its commitment to ensure 100% quality regime in steel sector, Ministry of Steel has issued two Quality Control orders namely Steel and Steel Products (Quality Control) Order, 2018 and Stainless Steel Products (Quality Control) Order, 2018 vide Notification No S.O 2998 (E) and S.O. 2999 (E) respectively dated 20th June 2018.  As a result, 16 more steel products have been brought ...

The Union Government has allowed 100 per cent Foreign Direct Investment (FDI) in the mining sector and exploration of metal and non-metal ores under the automatic route, which will propel growth of this sector. Addressing the 7th India Minerals and Metals Forum in New Delhi today Joint Secretary Ministry of Mines, Mr Anil Kumar Nayak said Power and cement industries are ...

  In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs (CBIC) No.49/2018-CUSTOMS (N.T.), dated  7th June, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs ...

Small Industries Development Bank of India (SIDBI), a premier Financial Institution for the Promotion, Financing and Development of the Micro, Small and Medium Enterprise (MSME) sector and TransUnion CIBIL, a Credit Information Company, in a joint endeavor with TransUnion CIBIL brings-out MSME Pulse, a Quarterly Report on MSME Sector, for providing the policy makers, regulators and industry with precise data-driven ...

The Khadi and Village Industries Commission (KVIC), for the third successive time, received an order of Rs 8 crore from Air India for the supply of amenity kits consisting of Khadi herbal beauty care products for its international passengers.The amenity kits include Khadi hand sanitizer, moisturizer lotion, handmade soap, lip balm, Khadi rose face wash and essential oils. Giving this ...

Commerce Minister releases study report on Indian pharma exports to China  For India to make a strong pitch for pharma exports to China, the Department of Commerce in coordination with Embassy of India at Beijing commissioned a study on “Enhancing Indian Exports of Pharmaceutical products to China” under the Market Access Initiative Scheme (MAI) to have a proper understanding of ...

Global Trading System Must Include Services Trade: Suresh Prabhu  Services trade is growing faster than merchandise and such dynamic changes need to be captured in the global trading system, stated Suresh Prabhu, Minister of Commerce and Industry and Civil Aviation. He was speaking at the 6th Growth Net Summit, being held in New Delhi on 18-19 June 2018, organized by AnantaCenter ...

A Startup Conclave will be organized during the forthcoming 2nd edition of Make in Odisha to be held between 11th-15th of November, 2018. This was decided in the 3rd meeting of the Startup Council held today under the Chairmanship of Chief Secretary Shri A.P. Padhi. The Startup Conclave will include a heckathon, boot camp and exhibition of products and services ...