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Govt hikes import duty on 32 types of textile goods

-The Times of India NEW DELHI: The government on Tuesday raised import duty on several textile products, including garments, scarves and carpets, as part of its plan to protect domestic manufacturers and support the ‘Make in India’ initiative. The tariff hike on 32 product categories comes after recent increases across several sectors, from mobile phone to TV sets and toys. A few weeks ago, the government had increased import duty on some...

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It's official: MP gets GI tag for Kadaknath chicken meat -Ankur Sirothia

-The Times of India BHOPAL: Now, it is official that Kadaknath, the all-black fowl, belongs to Madhya Pradesh. The Geographical Indications Registry issued certificate in this regard on Monday, six years after the filing for the GI registry on February 8, 2012. GI registered Jhabua Kadaknath Black Chicken Meat to geographical area, MP. GI registration is valid up to a period of around five years till February 7, 2022.   B Manghnani, state...

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SJM opposes move to change definition of MSMEs

-The Hindu Business Line New Delhi: The Centre’s proposal to change the definition of Micro, Small and Medium Enterprises (MSMEs) has been opposed by the Swadeshi Jagran Manch, a Rashtriya Swayamsevak Sangh affiliate that deals with economic issues. In February, the Centre decided to revise the definition of MSMEs on the basis of turnover instead of the existing methodology of classifying them as per cost of plant and machinery. To give effect...

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Govt's plan for PSUs to procure from Dalit SMEs fails to take off -P Vaidyanathan Iyer

-The Indian Express In 2017-18, Central PSUs bought Rs 543.86 crore worth goods and services from SC/ST enterprises, accounting for just 0.46% of their total procurement of Rs 1,16,837.27 crore. New Delhi: The government’s ambitious plan to get Central PSUs to make 4% of their procurement from Dalit enterprises has not made much headway over the last six years. In 2017-18, Central PSUs bought Rs 543.86 crore worth goods and services from...

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What revival? Close to 50,000 MSMEs shut shop in Tamil Nadu in past year -Sangeetha Kandavel

-The Hindu Number of workers employed too falls by more than 5 lakh Chennai: Contrary to claims that the industrial climate in Tamil Nadu has improved, close to 50,000 micro, small and medium enterprises (MSMEs) have been wound up in the State in just one year on account of a host of factors. A government policy note tabled by the MSME Department in the Assembly on Thursday revealed that the total number of...

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