Updates

MSME Day 2022:”Resilience and Rebuilding: MSMEs for Sustainable Development”

June 27 is observed as MSME Day| 27 June marks the annual celebration of micro, small and medium-sized enterprises. On April 6, 2017, the United Nations General Assembly adopted a resolution recognising the role that MSMEs  play in achieving the…

India-UAE CEPA to benefit SMEs

ndia-UAE CEPA to benefit SMEs
INDIA- UAE bilateral free trade agreement to create one million-plus jobs for Indians

The partnership agreement will open doors for labour-intensive sectors such as textiles, gem & jewellery, medicines, agricultural products, footwear, leather, sports goods, engineering goods, auto components and plastics……
The CEPA brings the two nations closer, will open many new opportunities for Indians to work in UAE, including in fintech, edtech, green tech, automation and Artificial Intelligence. Technology, digital trade and sustainability have a big focus in the partnership.

Khadi Village Industries Commission (KVIC) Records Highest Ever Turnover in FY 2020-21 Despite Covid-19 Pandemic

Khadi and Village Industries Commission (KVIC) has recorded its highest-ever turnover. In the year 2020-21, KVIC registered a gross annual turnover of Rs. 95,741.74crores, as compared to Rs. 88,887 crores turnover in 2019-20, thus, registering an increase of 7.71%.

India: Ministry of Micro, Small and Medium Enterprises Extends Validity of Udyog Aadhaar Memorandum from 31st March, 2021 to 31st December, 2021

Considering the hardships faced by MSMEs during the prevailing COVID-19 situation and the representations received from the various MSME associations, financial institutions and Government departments dealing with the interest of MSME Sector

Covid-19 impact: sharpest decline in remittances predicted

lobal remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown. The projected fall, which would be the sharpest decline in recent history, is largely due to a fall in the wages and employment of migrant workers, who tend to be more vulnerable to loss of employment and wages during an economic crisis in a host country.

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