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The Latest Breaking News from MSME

Power cuts will hit MSMEs’ domestic, exports delivery commitments: trade bodies

MSMEs in Karnataka face bleak outlook due to power cuts; trade bodies urge govt. to buy additional power & promote renewable energy to reduce burden on main grids.

The Hindu

MSMEs continue their protest against electricity tariff, submit petition to District Collectors

MSMEs in TN protest hike in electricity charges, submit rep to District Collectors. Thousands hoist black flags. Demands incl. withdrawal of hike in fixed charges, removal of peak hour & network charges, revocation of multi-year tariff. 210 petitions submitted in Tiruchi. Fast in Chennai on Oct 16 if demands not…

The Hindu

AIADMK flags MSME strike against power tariff hike in Assembly

AIADMK raises issue of MSMEs striking over electricity tariff hikes in TN Assembly. Speaker M. Appavu says 10 legislators have given notices on the issue, to be taken up on Tuesday. Electricity Minister Thangam Thennarasu to give reply to concerns.

The Hindu

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MSMEs in Tamil Nadu to continue protests against high power costs

MSMEs in Tamil Nadu will stage protests on October 4 against high power costs. Talks with Tamil Nadu government on September 29 did not yield results.

The Hindu

MSME Minister holds discussions on issues pertaining to electricity charges

MSME Minister T.M.Anbarasan and Industries Minister T.R.B.Rajaa held talks with stakeholders from the MSME sector in Chennai to discuss electricity charges. J. James, co-ordinator of TN Industrial Electricity Consumers Association, said Ministers will respond in three days. Industries Secretary V.Arun Roy said Ministers will take the issue to the CM.…

The Hindu

Here are the big stories from Tamil Nadu today

AIADMK severs ties with BJP, MSMEs in TN strike against high electricity cost, NTCA probe into 10 tiger deaths in Nilgiris. AIADMK's decision to end alliance with BJP due to defaming of icons & criticism of policies. MSMEs' strike led to ₹1000 cr loss, hunger protest planned for Oct 14.…

The Hindu

MSMEs suspended operations pressing for demands

MSMEs in Tiruchi suspended ops Mon as part of State-wide stir to press for withdrawal of hike in fixed power & peak hour charges. Fabrication units participated in strike. Cost of production up due to hike in power charges. Strike near total in Tiruchi district. Govt to meet industries assoc.…

The Hindu

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Indian Navy gets 3rd missile-cum-ammunition barge

The Third Missile Cum Ammunition (MCA) Barge, Yard 77 (LSAM 9) was launched by Cmde G Ravi, Warship Production Superintendent (Visakhapatnam), on September 22 at Guttenadeevi, East Godavari, Andhra Pradesh (the launch site of M/s SECON), Ministry of Defence said in a statement. Read further on Dynamite News:

Dynamite News

MSMEs in Tamil Nadu to go on strike on September 25

MSMEs in TN to shut on Mon, demand govt withdraw hike in fixed power charges. 165 associations to take part, resulting in loss of work for 3 cr labourers. Revenue loss to govt estimated at ₹1,200 cr. 7-point demand includes extending electricity connection to cottage & micro industries, permitting industries…

The Hindu

CII’s session on MSME empowerment in Mysuru on September 1

CII Mysuru is organising a session to empower MSMEs with simplified finance solutions. Key topics include current business environment, innovative financing, government schemes, success stories, and access to finance. Speakers from various industries will provide valuable insights to MSMEs. Event offers opportunity to connect, learn, and network. Register now!

The Hindu

‘Financial literacy absent among most MSMEs in Karnataka’

Financial literacy is literally absent in a majority of Micro, Small and Medium Enterprises (MSMEs) in Karnataka, said C.A. Shashidhara Shetty, president, Karnataka Small Scale Industries Association (KASSIA).

The Hindu

Report suggests cluster approach to decarbonise MSMEs, experts point out the need for MSME policy for energy efficiency

Industrial sector highest energy consumer in Karnataka; BEE, KREDL release 'Karnataka State Energy Efficiency Action Plan'. Plan suggests cluster-wise approach for MSMEs, potential energy savings of 0.02-0.05 MTOE by 2031. Report suggests energy-efficient IGBT-based induction furnaces, coating on kilns, PAT scheme & Green Hydrogen for DCs for energy savings of…

The Hindu

MSME influencers forum launched to promote small & medium units growth

An MSME influencer forum has been launched to promote micro, small and medium enterprises and raise awareness about various government schemes to boost their growth. Read further on Dynamite News:

Dynamite News

Mizoram created 30,000 job opportunities in five years: MSME study

A study by medium small and micro enterprise Export Promotion Counci & Confederation of Organic Food Producers & Marketing Agencies revealed that projects worth ₹7,118 crore were announced & ₹320 crore completed. Per capita income in 2021-22 was ₹1,75,896. MSME should be encouraged for employment generation and value-addition of locally…

The Hindu

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The Hindu

Ensure MSME units that have been sanctioned commence operations soon, A.P. Chief Secretary tells officials

Chief Secretary K.S. Jawahar Reddy instructed Ind. Dept. to ensure MSME units sanctioned by govt. become operational, submit report on units operational in last 4.5 yrs. He asked Collectors to track projects, suggested a procurement portal & fast-track MSME tech. centres in Visakhapatnam, Guntur & Kopparthy.

The Hindu

‘Schedule M compliance to be made mandatory for MSME pharma firms soon’: Mandaviya

Aimed at ensuring robust quality of pharma products, the Union Minister of Chemicals and Fertilizers Mansukh Mandaviya has directed regulatory authorities to conduct risk-based inspection and audit of manufacturing plants.

The Hindu

Raja Lakhamgouda Law College organises special lecture in Belagavi

Karnataka Law Society’s Raja Lakhamgouda Law College, Belagavi, organised a special lecture on ‘Entrepreneurship development’.

Bangkok Post

Empowering MSMEs to embrace circular economy

Mark Sultan Gersava was a peace development worker from Mindanao, the Philippines, who decided to act on what he saw as a critical challenge: transforming his ordinary products to become environmentally friendly to help mitigate the effect of climate change while empowering his local community with sustainable and long-term livelihoods.

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The Hindu

Insurance scheme for MSMEs in the offing with govt. bearing up to 50% of premium amount

The State government will implement an insurance scheme to support Micro, Small and Medium Enterprises (MSME) with the government bearing up to 50% of the premium amount, Industries Minister P. Rajeeve has said

The Hindu

CM Siddaramaiah to convene meeting to discuss MSME problems

Refuting allegations that the electricity tariff hike has been effected to fund Gruha Jyothi scheme, Chief Minister Siddaramaiah on Friday promised to convene a separate meeting to discuss the problems of MSME sector in the State.

The Hindu

Power tariff hike shocks industry, trade and commerce bodies in Mysuru

The MSMEs, commercial and other trade bodies in Mysuru have flayed the Chamundeshwari Electricity Supply Corporation (CESC) for the hike in power tariff.

The Times of India

Allotment of 72 plots to bodies linked with UP minister cancelled

LUCKNOW: Directions were issued on Tuesday for the cancellation of allotment of 72 plots to two organisations – Abhinav Shikshan Evam Samaj Sewa Sansthan and Seema Shikshan Evam Samaj Sewa Sansthan – linked with MSME minister Rakesh Sachan.

The Times of India

No proposal for restoration of old pension scheme: Centre

NEW DELHI: There was no proposal under consideration of the central government for restoration of the old pension scheme, minister of state for finance Bhagwat Karad informed Parliament on Monday.

The Times of India

Doon-based startups felicitated in TOI state foundation event

DEHRADUN: As many as eleven Dehradun-based startups working in various sectors like healthcare, food processing, IT services etc. were felicitated by state MSME minister Chandan Ram Das on Friday, as part of the ongoing state foundation celebrations, Myar Pahad, being conducted by Pacific mall, with the support of the Times…

The Times of India

CCI directs 8 MSMEs to cease and desist from unfair business practices

NEW DELHI: The Competition Commission on Tuesday directed eight firms and some of their officials to cease and desist from unfair business practices but refrained from imposing penalties on them in a case related to cartelisation in bidding for an Indian railways tender.

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