Haryana Government Announces Major Reduction In Electricity Tariff for MSME’s.
In a major relief to MSME’s, the Haryana Chief Minister Manohar Lal Khattar has announced a reduction in electricity tariff for MSME’s in the state. Small Enterprises having connected load up to 20 kilowatts(KW), will now be charged at Rs. 4.75 per unit instead of Rs. 6.65 per unit. These changes will come into effect from May 1, 2018. This move is very beneficial for MSME’s and will enable them to boost productivity. To implement these changes, the Industrial Department will transfer will transfer the difference, directly into the bank account of beneficiary units through DBT(Direct Benefit Transfer). Want to read
Read moreMinistry Of MSME Will Set Up A Trade Desk To Promote An Exchange Of Data
The Ministry of Small and Medium Enterprises has taken the initiative to set up a digital trade desk for increasing collaboration among countries from India and other countries. The aim is to promote an exchange of data. Arun Kumar Panda, the MSME Secretary said the following while addressing an international SME Convention, “The ministry has planned to set up a digital trade desk aimed at furthering more collaborations between SMEs of India and other countries and for an exchange of data”. Over 160 SMEs from 39 countries participated in the convention organized by the ministry. Major Issues discussed at the
Read moreWhy You Need To Get Started With Customer Referrals
Customer referrals hinge on one basic concept that is preselection. Humans are social creatures and like to discuss with their friends and family before making a buying decision. Most of our choices are to some extent influenced by the people around us. What is a Customer Referral? A basic illustration of a customer referral is as follows: Customer A buys a product Recommends the product to his friend B B purchases the product. Customer A receives a cash reward for a successful referral. Examples of Customer Referrals: “Hey, nice shirt where did you buy this from? “ “Have you heard
Read moreWhat You Must Know About The Change In NPA Norms For Small Businesses
In a move that will greatly benefit MSME’S, the government has approached the Reserve Bank of India to relax norms for bad loans and Non-Performing Assets (NPA) in the case of MSME’s. The proposal aims at increasing the NPA classification period from the current 90 days to 180 days. Due to variability in cash flow, payments from Small Businesses get delayed at times. If they are not able to pay within 90 days the loan is classified as an NPA and the credit of the small business is cut.3 The government is trying to sensitize lending institutions to the challenges
Read moreA Brief Guide To Business Hubs In Delhi
The Business hubs in Delhi have enabled Delhi/NCR to surpass Mumbai as the region with the highest GDP in India. Delhi’s strategic position as the trading and business hub of North India has led to a growth of multiple businesses in this region. In order to effectively manage these industrial areas, the Delhi Government has set up the DSIIDC (Delhi State Industrial Development Corporation). Brief List of Business Hubs in Delhi: 1. Anand Parbat Industrial Area: At first sight, you might think that Anand Parbat is a hub of small shops by the side of Rohtak Road. But if you
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