Small and Medium Enterprises (MSME) Current Affairs, GK & News

New Definition of Small and medium companies (SMC)

Ministry of corporate affairs (MCA) has expanded the definition of small and medium sized companies (SMCs). Highlights As per expanded definition, Small & Medium Companies is an unlisted company, a bank, an insurance or a financial institution with sales up to Rs 250 crore and borrowings up to Rs 50 crore. Earlier limit for sales ..

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MOU: signed between NSIC and MSME Ministry

A Memorandum of Understanding (MOU) was signed between National Small Industries Corporation Limited (NSIC) and Ministry of Micro, Small and Medium Enterprises (MSME) for the year 2019-20. Key Highlights About: The MoU between NSIC and MSME envisages provisions of enhanced services by NSIC under its marketing, financial, technology and other support services schemes for Micro, ..

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CCEA approves dilution of safeguards for FDI in multi-brand retail

The Cabinet Committee on Economic Affairs (CCEA) has given its nod for the “dilution” of certain safeguards including relaxing the 30% sourcing norm and doing away with the mandatory 50% condition for backend infrastructure investment which were approved by Parliament while allowing 49% Foreign Direct Investment (FDI) in multibrand retail announced in 2012. Though the ..

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