MSMEs

Need to promote Dalit entrepreneurship – UPSC GS3

Context: Dalit entrepreneurship holds promise for the much-needed social transformation. Many attempts have been made to transform the highly-stratified Indian society into an inclusive one. However, the expected social transformation in our Indian society remains unfulfilled, especially with regard to Dalits. Their situation has improved, but social exclusion still persists. In this context, promoting Dalit …

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MSME Finance Issue – UPSC GS3

Utility: Direct question can be asked. Content can be used in answers on Economy, Manufacturing, Unemployment, Covid. MSME Finance Issue: Micro, small and medium (MSME) enterprises are the backbone of a healthy and balanced economy. They supply components, intermediate goods and services at competitive prices to big companies. However, they receive delayed payments for their goods and services. …

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China + 1 Strategy and Opportunities for India – UPSC GS3

China + 1 Strategy: The “China, plus one” strategy is about still using the resources allocated in China, but adding lower wages to the mix. Due to rising labour cost in India, manufacturing firms are diverting some of the resources to low cost economies while still using their facilities in China as shifting entire production …

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MSME Exports

The Cabinet Committee on Economic Affairs (CCEA) has approved the capital infusion of Rs. 2000 crore for strengthening of Export Credit Guarantee Corporation (ECGC) to enhance insurance coverage to micro, small medium enterprises (MSMEs) exports. Benefits: The infusion of capital will enhance insurance coverage to MSME exports and strengthen India’s exports to emerging and challenging …

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Insolvency and Bankruptcy Code (Amendment) Bill, 2018

Parliament has passed Insolvency and Bankruptcy Code (Amendment) Bill, 2018 to bring relief to the home buyers and MSMEs. The Bill replaces ordinance promulgated in this regard and amends the Insolvency and Bankruptcy Code, 2016.   Background Insolvency and Bankruptcy Code (IBC), 2016 provides time-bound process to resolution of insolvency among companies and individuals. Insolvency …

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MSME Act Amendment

Context: The Union Cabinet has approved amendment to Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 for classifying MSMEs from current investment in plant and machinery criteria to annual turnover criteria. The purpose of amendment to Section 7 of MSMED Act, 2006 is to encourage ease of doing business, make MSME classification norms growth …

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