SMEBITES NEWS UPDATE WITH SMEVENTURE @sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs Top 5 News Updates of 13th May 2021 - National Bamboo Mission launches a Management Information Systems module for strengthening the domestic Agarbatti industry. - Union Agriculture Ministry has allocated Rs 2250 Crore for realizing the huge potential of the horticulture sector. - NITI Aayog and Mastercard Release Report on ‘Connected Commerce: Creating a Roadmap for a Digitally Inclusive Bharat’. - A group of businessmen in Faridabad led by Rajiv Chawla, chairman IamSMEofIndia, converted 40 rooms in Delhi Public School in Greater Faridabad into a Covid facility. - UP govt to allow operation of transport delivery offices for smoother functioning of MSMEs amid lockdown

SMEBITES NEWS UPDATE WITH SMEVENTURE @sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs Top 5 News Updates of 10th May 2021 - Govt releases Rs 250 cr interest subvention for business revival in J&K. - Around 77 % MSME engaged in garment manufacturing planning to reduce their staff by more than 25 per cent said a survey by CMAI.  - The European Investment Bank and SBI to invest up to €100 mn in Indian SMEs focused on climate change -Give discounts to hospitals registered under MSMEs: Labour Minister to UP govt - Majority of SMEs qualify for restructuring says Crisil.

SMEBITES NEWS UPDATE WITH SMEVENTURE @sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs Top 5 News Updates of 8th May 2021 - Nineteen applications filed under PLI scheme for IT Hardware. - The Indian Government’s policies aimed at reviving and supporting MSME’s will also go a long way in supporting resilient growth, said Union Finance Minister. - Govt exempts IGST on import of COVID-19 relief material amid crisis - RBI announces slew of measures for MSMEs battered by Covid second wave - As per data from Centre for monitoring economy, the unemployment rate climbed to 7.9% for the month for April compared to 6.5% in March.

SMEBITES NEWS UPDATE WITH SMEVENTURE @sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs Top 5 News Updates of 5th May 2021 - CAIT calls for national lock-down to deal with COVID-19. - Women-led development will pave the way for Atmanirbhar Bharat, especially in the MSME sector, said Pratap Chandra Sarangi, Minister of State for msme. - Delhi Petrol Dealers Association (DPDA) has urged the Lieutenant Governor and police to open one side of the road at the Singhu border. - Govt announces various relief measures for taxpayers under GST - GST collection for April 2021 sets new record

SMEBITES NEWS UPDATE WITH SMEVENTURE @sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs Top 5 News Updates of 2nd May 2021 - KASSIA writes to PM Modi; seeks help for them amid COVID second wave. - Govt permits import of oxygen concentrators bought through the post, courier for personal use. - SIDBI introduces AROG and SHWAS scheme to fight COVID-19 - COVID-19 phase 3 vaccination for 18+ has started but states don't have vaccine stock - The Codex Committee on Spices and Culinary Herbs (CCSCH) has finalized and recommended quality standards for four spices; cloves, oregano, basil, and ginger

SMEBITES NEWS UPDATE WITH SMEVENTURE @sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs Top 5 News Updates of 29th April 2021 - MSMEs urge FM to reign in profiteering during a pandemic by producers of ferrous, non-ferrous metals & polymers. - All Industries and Trade Frum (AITF) has suggested Prime Minister Narendra Modi disclose the names of COVID positive patients name in the public domain so that the same can be stopped. -Govt taking measures to enable MSMEs to protect IP Rights, monetize creative innovations: Joint Secretary, DPIIT - Govt receives 8,665 applications seeking loan worth Rs 8,216 cr under AIF scheme - All Industries and Trade forum (AITF) has asked the central government to utilize 65, 808 crore surplus fund of ESIC for COVID vaccination and treatment of workers from different sectors of India.

SMEBITES NEWS UPDATE WITH SMEVENTURE @sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs Top 5 News Updates of 27th April 2021 - MSMEs need to invest in building their Intellectual Property: Secretary, DST(Prof. Ashutosh Sharma, Secretary, Department of Science & Technology, Government of India.) - FOIJ requests J&K Governor to release 3rd installment of 5 percent interest subvention to industrial units - AEPC requests 8,000 plus apparel exporters to vaccinate their workers - Govt extends deadlines under Vivad se Vishwas scheme to June 30th - PHD Chamber urges govt to reduce TDS rates amid a pandemic

SMEBITES NEWS UPDATE WITH SMEVENTURE @sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs Top 5 News Updates of 28th April 2021 -As wholesalers stay away due to curfews, mango orchard owners sell lakhs of Alphonso's online. -India’s fashion artisans face ‘extreme distress’ in pandemic -MSMEs seek easing of NPA, compliance rules -Karnataka MSMEs demand corporation buses for their workers amid curfew -The Employees Provident Fund Organization (EPFO) has launched one more e-initiative i.e., Aadhaar based e – nomination to facilitate EPF subscriber

SMEBITES NEWS UPDATE WITH SMEVENTURE @sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs Top 5 News Updates of 24th April 2021 - Bank of Maharashtra is looking at resolving 20-25 stressed MSME accounts under the pre-packaged insolvency resolution process.  - India’s processed food products exports witnessed a growth of 26.51%  -Vibha Harish, a 25-year old entrepreneur from Bengaluru made it to the Forbes Asia's 30 Under- 30 in just one year of her venture. - IRDAI asks insurers to ensure swift settlement of COVID-19 claims - The luxury goods market in China grew 48% last year as Covid-related travel disruptions boosted domestic spending.

SMEBITES NEWS UPDATE WITH SMEVENTURE @sme_venture presents #smeBites News Update News updates for small and medium enterprise entrepreneurs Top 5 News Updates of 23rd April 2021 - Small companies get hit most by lockdowns - According to a survey, over 82% of businesses have experienced a negative impact of Covid 19 - Traders ask the Delhi govt to extend the lockdown beyond April 26th. - Government must provide handholding for GST compliances to industries: PHD Chamber. - Federation of Punjab Small Industry Association said Unbilled sale of products, Bill swapping & Bogus billing on high rise in Punjab