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Banks not fully understanding problems of SMEs: Commerce and Industry Minister

Union Minister Nirmala Sitharaman today said banks are not fully understanding the problems faced by small and medium enterprises, whose performance has been hit by the high interest rate regime.

2% rate cut by RBI is necessary to boost SMEs, create jobs: Commerce and Industry Minister

2% rate cut by RBI is necessary to boost SMEs, create jobs: Commerce and Industry Minister

Union Minister Nirmala Sitharaman today defended her demand for 2 percent cut in interest rates by RBI, saying it is essential to boost SMEs and create jobs, amid criticism that such a move would drastically affect fixed deposits.

Start-ups now need only a DIPP certificate for IPR benefits

Start-ups now need only a DIPP certificate for IPR benefits

To improve ease of doing business, Commerce and Industry Minister Nirmala Sitharaman on Saturday said a start-up would now need only a certificate of recognition from the government to avail IPR-related benefits.

'Hyundai should not hesitate to set up 3rd plant in India'

'Hyundai should not hesitate to set up 3rd plant in India'

 Government today exhorted the country's second largest car maker, Hyundai Motor India, to set up its third manufacturing plant here without hesitation as steps are being taken by the Centre to improve business environment and push manufacturing.

Tax holiday for start-ups should be raised to 7 years, says Commerce Minister

Tax holiday for start-ups should be raised to 7 years, says Commerce Minister

To boost start-ups and create a favourable ecosystem for their stability in the country, the Ministry of Commerce and Industry has approached the Ministry of Finance with an industry proposal to increase the income tax exemption period for the start-ups from the current three years to seven years.

Discussing Apple's request for FDI rules waiver: Sitharaman

The minister, however, said she was not in favour of relaxing rules for Apple to sell refurbished second-hand phones in India.

South Asia needs to work together to push services trade: Commerce Secretary

South Asian countries need to work together with a "strong business agenda" in services trade as the SAARC region has a huge potential, Commerce Secretary Rita Teaotia said on Saturday.

This is how startups can reach out to govt on Twitter  for assured assistance

This is how startups can reach out to govt on Twitter for assured assistance

Zee Media Bureau

New Delhi: In a move towards ease of setting up a startup firm, the Narendra Modi government has launched a quick service mechanism on Twitter for assisting budding entrepreneurs.

PM Narendra Modi to unveil 'Start-up India' today: what to expect

PM Narendra Modi to unveil 'Start-up India' today: what to expect

PM Narendra Modi's 'Start-up India' has generated immense anticipation in the skilled youth of the country. Have you wondered what it could be announcing today?

Incentives given to exporters to help boost shipments: Commerce Minister

Incentives given to exporters to help boost shipments: Commerce Minister

A host of incentives including extension of 3 percent interest subsidy will help in boosting exports, which are in negative zone since December last year, Commerce and Industry Minister Nirmala Sitharaman said.

Government to come out with definition of ecommerce: Commerce Minister

Government to come out with definition of ecommerce: Commerce Minister

Commerce and Industry Ministry is working on the definition of 'e-commerce' in the country and clarify issues like taxation and foreign investment.

Ranking states on ease of doing biz: DIPP gets 25 responses

The DIPP has received response from 25 states and union territories including Uttar Pradesh, Madhya Pradesh, Tamil Nadu, Odisha, Maharashtra, Karnataka, and Rajasthan.

Dip in exports: Govt sets up council for trade promotion

The Union Commerce and Industry Minister will be the chairperson of 'Council for Trade Development and Promotion', while trade/commerce ministers in states and Union Territories will be the members.

Centre, states discuss FDI multibrand retail, e-commerce

Several issues pertaining to foreign direct investment (FDI) in multi-brand retail and emerging e-commerce business in the country were discussed during a meeting chaired by Commerce and Industry Minister Nirmala Sitharaman here.

RCEP meet today, India wants parallel talks on goods, services

The country wants liberalisation in the services sector under the Regional Comprehensive Economic Partnership (RCEP) as the segment contributes about 60 per cent to the economy.

RCEP meet on Monday, India wants parallel talks on goods,services

The country wants liberalisation in the services sector under the Regional Comprehensive Economic Partnership (RCEP) as the segment contributes about 60 per cent to the economy.

PM Modi meets movers and shakers of German economy

Prime Minister Narendra Modi on Sunday met "movers and shakers" of German economy soon after his arrival here to attract foreign investment and seek support for his government's 'Make in India' initiative.

Make products competitive sans subsidies, doles: Kher to Ind

Cautioning Indian industry on the changing global trade scenario, government on Thursday asked it to enhance product competitiveness in the international market without seeking "subsidies" and "doles".

Govt foregoes Rs 28K cr revenue to boost exports from SEZs

The government has foregone Rs 27,956 crore revenue during the last three financial years to boost exports from special economic zones (SEZs), Parliament was informed Wednesday.

5,299 patents granted in Apr-Jan period: Govt

During the period, 35,431 patent application have been filed, Commerce and Industry Nirmala Sitharaman said in a written reply to the Lok Sabha.