Category: MSME Policy

May 17

Will the government’s proposal to approve mergers in 60 days benefit MSMEs?

Ease of doing business for MSMEs: The corporate affairs ministry’s notification amending the Companies Rules to expedite the time taken for mergers and amalgamations may not significantly benefit the MSME sector, according to experts. According to a notification by the ministry on May 15, merger or amalgamation will be deemed approved if the government “does […]
May 16

File Bankruptcy Petition: How to submit insolvency petition with NCLT; step-by-step process

File For Bankruptcy Petition: Insolvency describes the financial situation of an enterprise failing to pay its debts as they become due. The company, in other words, has more debt than assets or income to adhere to its financial obligation towards its creditors. To address the insolvency of a company by helping it revive, the Corporate […]
May 12

Government procures 42 per cent more than the set target from MSEs under the Public Procurement Policy

Ease of Doing Business for MSMEs: The government has spent Rs 60,432 crore on procurement from MSEs under the Public Procurement Policy, a whopping 42 per cent more than the set target, tweeted MSME minister Narayan Rane on Friday.  The Tweet read, “Through the Public Procurement Policy, the Central Government is promoting small-scale enterprises by […]