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President's Message
E-commerce is booming in India. But below the massive growth lies some unpleasant truth. News reports cite that huge quantities of products are being imported through courier as gifts. Legal imports are also becoming ubiquitous as people are ordering all kind of goods online from international websites/ apps. However, Indian exporters encounter numerous problems when shipping goods through small consignments. It is not a level playing field. Firstly, beyond a limit goods cannot be exported through courier. Secondly, they can be shipped only through a few airports as most of others are not equipped to handle large number of small shipments. Thirdly, exporters cannot claim refund of taxes paid on inputs, the facility given to merchandise exporters because of which exports become uncompetitive. Also, due to uncertainties of delivery- hamstrung by regulatory and infrastructural constraints, most international large e-commerce platforms discourage Indian exporters from putting their wares on their websites. FISME is determined to reverse the status quo. We recently entered into agreement with Amazon to on-board over 100,000 MSMEs on Amazon and equip them both for domestic market as well as for exports. FISME and Amazon will jointly work on facilitating improvement in the hard and soft infrastructure for e-commerce and building capacities of willing MSMEs.
"
Secretary to the Govt of India, Dr. Arun Kumar Panda inaugurated the FISME-Amazon Digital Utsav in New Delhi on 13th Dec 2018. FISME and Amazon have entered into agreement to on-board 100,000 MSMEs in next few months. The agreement was signed by Shri Gopal Pillai (Director, Amazon) and Mr. Anil Bhardwaj (Secretary General, FISME). Shri Sudhanshu Pandey, Additional Secretary, Ministry of Commerce, Govt of India chaired panel discussion with panellists Shri Sachin Chaturvedi, Director General-RIS, Shri Deepak Bagla, CEO-Invest India, Shri Animesh Saxena, Vice-President, FISME. It was moderated by Shri Goldie Dhama, Partner, PwC.
“Just do it” “Move fast, break things” “Vague but cool quote from the show Silicon Valley”, these are 3 of the most common posters you’re likely to find at an early stage start-up office across the country, hung right above a fast-paced CEO, a zealous techie & 3 cans of Red-Bull. It also happens to be the basic extent of translating company vision/goals in some form of communication to external/internal stakeholders. Cliches aside, as an early stage entrepreneur & a communications professional, in conversations with young entrepreneurs who believe that investing in communication is ‘expensive’ ‘tiresome’ & ‘deserved for a more evolved stage’.
Our 60,000-plus employer compliance universe that changes 5,000-plus times a year makes India a hostile habitat for MSME job creation
The progress made in Ease of Doing Business (EODB) rankings is real, but it’s time for another exercise that takes a ground-up look at our current regulatory frameworks. A new book by Cass Sunstein called The Cost-Benefit Revolution is useful reading and also attractive for its intellectual honesty in highlighting three challenges for technocratic policymakers using cost-benefit analysis:
The New Industrial Policy, which will replace the 27-year-old existing policy, has been sent for the Union Cabinet’s consideration, said Suresh Prabhu, Commerce and Industry Minister.
Prabhu said "For the industrial policy, the cabinet note has been sent. We were putting in place an action plan on how to implement it and that is why it took time." The new industrial policy aims to resolve bottlenecks arising from inadequate infrastructure, restrictive labour laws and complicated business environment.
Prabhu proposed the new regime that aims to create jobs for the next two decades and attract $100 billion foreign direct investment (FDI) annually.
The targets for the year 2018-19 for assistance under PMEGP have been increased by more than 50% due to increased budget allocation for PMEGP, the Parliament was informed.
In a reply to a question in the Rajya Sabha today, the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Giriraj Singh said budgetary allocation for PMEGP, was increased to Rs.1800.64 crore for 2018-19 as against Rs.1024.49 crore during the year 2017-18.
The targeted number of units to be set up during 2018-19 is 66,700 as against the target of 50,784 in 2017-18.
On the basis of an assessment of the current and evolving macroeconomic situation, Reserve bank of India (RBI) has maintained status quo by keeping the repo rate unchanged as per market expectations.
In the fifth bi-monthly monetary policy statement, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent. Consequently, the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
On April 1, 2019, the new simplified GST return forms will be rolled out, said Ajay Bhushan Pandey, Revenue Secretary.
This step has been taken as the current GST forms had been criticized for being extremely complex and riddled with problems.
In July, the Central Board of Indirect Taxes and Customs (CBIC) had put up in public domain draft GST return forms Sahaj and Sugam and sought public comments.
These forms would replace GSTR-3B (summary sales return form) and GSTR-1 (final sales returns form).
In the first eight months (April-November) of the current fiscal, the government has mopped up over Rs 7.76 lakh crore from the GST.
As many as 17 Business Incubators from across the country developed strategic business plan for their incubators. These plans were developed in the 2-day strategy workshop of incubators on innovation services in New Delhi on 11th & 12th December 2018. The workshop was organized under the ambit of MSME INNO, an Indo-German bilateral project to promote innovation in MSMEs. MSME INNO is implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with the Ministry of MSME.
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and Tata Technologies Ltd will work together to bring the innovation in the DNA of work culture, said Vikrant Gandhe, Company Secretary and Head- Corporate Sustainability, Tata Technologies Limited.
GIZ inked pact with Tata Technologies Limited during a conclave titled ‘Collaborate to Innovate’ organized recently to promote innovation in Small and Medium Enterprises (SMEs). Speaking with KNN India, he said that the objective of MoU is to focus on institutes and industry collaboration to change the mindset in order to bring innovation as a part of work culture.
Ministry of MSME is devising policies in such a way that support system will be developed to provide innovation support to MSMEs, said PM Parlewar, Director, DC MSME, while talking to KNN India.
He said this on the sidelines of a conclave 'Collaborate to Innovate' held in Pune last week. The innovation conclave was organized by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and Mahratta Chamber of Commerce and Industries (MCCIA) with the support of MSME Ministry, Government of India.
A MSME support and outreach programme was organized in Ludhiana, for apparel and handloom sector at the MSME Development Institute.
The programme was organized by Ministry Of MSME, Development Institute (MSME-DI), Ludhiana, for enhancing the productivity and competitiveness as well as capacity building of the MSMEs and their collectives in the country.
Since the digital portal of granting Rs. 1crore loan in 59mins was launched, around 343 applicants have been sanctioned a loan amount Rs.9,919 crore while loan amount of Rs.9.18 crore has been disbursed to more than 130 applicants, said Nisar Ahmad Khan, Deputy lead district manager, Punjab and Sind Bank.
In the last one year, the Non-Performing Assets (NPAs) in Gujarat have risen by over 25% to Rs 39,289 crore and both Micro, Small, Medium enterprises (MSMEs) and corporates have contributed to this rise of bad loans, according to State Level Bankers’ Committee (SLBC) report.
The gross NPAs of banks in the state, at the end of September 30, 2018, stood at Rs 39,289 crore which is 6.88% of the total loans amounting to Rs 5,60,870 crore, stated the latest report during a meeting.
Executive director of Dena bank, Ramesh Singh said, “Close to Rs 30,000 crores of NPAs in Gujarat are corporate loans. This also includes all loans over Rs 5 crore taken by MSMEs who fall in the priority-sector for the banks.”
“Many times an account goes bad because there are factors beyond the control of the borrower. There are equal number of people in the market who also misuse this facility,” Singh said,
He added, “In Gujarat, the highest number of defaulters is in the MSME sector.”
The District Industries Promotion Committee, in a meeting this week, has decided to allocated as many as 120 plots in the industrial park at Gurrampalem near Pendurty in the city for the 75 new MSME units.
During the meeting, presided over by the Collector and Chairman of the Committee Pravin Kumar, the new proposals submitted by the entrepreneurs were accepted by the committee. The committee has allocated four plots at the Narsipatnam-Rachapalli Industrial Park for a new MSME unit. The committee screened 30 claims submitted for the industrial promotion incentives.
The meeting has accepted 23 claims and ordered to release Rs 82 lakh to the 23 units. The committee has rejected 7 claims.
After approving one time settlement scheme to revive sick industrial units in Punjab, the state government has decided to refund value added tax (VAT) by March 2019.
Minister for Industries Sunder Sham Arora said the state government would refund value added tax (VAT) by March 2019.
Earlier, specific dates were given twice by Arora to the industrialists, whose VAT refunds amounting to several crores were still pending.
The Minister for Industries who was in the city to inaugurate the 5th MACHMA Expo-2018 along with other dignitaries said the one-time settlement policy of the government would revive sick industrial units as most of their interest amount would be waived-off.
The Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH have signed a Memorandum of Understanding (MoU) here today to strengthen the innovation ecosystem in Small and Medium Enterprises (SMEs).
The MoU was signed during an innovation conclave organized by MCCIA and GIZ with the support of Ministry of Micro, Small and Medium Enterprises, Government of India.
A memorandum of understanding has been signed between Andhra Pradesh Economic Development Board (APEDB) and Daiki Aluminium Industry of Japan under which Daiki will invest up to USD 30 million (about Rs.225 crore) in AP to build an aluminium alloy unit with a capacity of 84,000 tonnes per year.
The project is expected to generate direct employment for 600 people.
The company has submitted the detailed project report and will apply for pre-establishment approvals and clearances soon.
The foundation stone is planned to be laid in early February.
US Commerce Secretary Wilbur Ross has said that he will visit India in February to attend the bilateral commercial dialogue and the Trump administration is sending a major trade mission to the country next year.
"I'm happy to report that I'm scheduled to visit India this coming February. I'll be co-chairing the US-India Commercial Dialogue and the US- India CEO forum with my Indian counterpart, (commerce and industry) minister (Suresh) Prabhu," Ross said at a farewell reception organised for the outgoing Indian Ambassador to the US, Navtej Singh Sarna. Some 200 guests, including top officials of the Trump administration, diplomats, eminent Indian Americans and top corporate executives attended the farewell reception for the top Indian diplomat, who is retiring later this month.
Highly appreciative of the role played by Sarna in strengthening the US-India relationship during his tenure as the Indian envoy, Ross said that Sarna has laid the ground work for more to come.
"Thank you for your efforts to improve our bilateral relat ..
China is now keen to import pomegranate, grapes, soyameal, fish oil and fish meal from India apart from non-basmati rice and sugar it had decided to buy earlier. Beijing will send teams to inspect pomegranate and grape orchards, and soy processing units this month.
In a meeting last week with Chinese vice minister Hu Wei, India also pushed for exporting okra, sapota (chikoo), milk and bovine meat to China while Beijing made a case for New Delhi to resume imports of milk and dairy products, apples and pears.
“To achieve balance of trade, they are looking at high quality agricultural products and have agreed to look positively at India’s demands,” said an official aware of the details. India’s exports to China touched $33 billion in 2017-18 while imports from that country stood at $76.2 billion.
Do you think that Government's plans to unveil new industrial policy is a good step to boost domestic manufacturing and accelerate economic growth?
According to FISME factor 80 % of MSMEs think that Government's plans to unveil new industrial policy is a good step to boost domestic manufacturing and accelerate economic growth while 20 % think it is not.
How can employers ensure positive employee experience?
Considering that experiences matter way more than money to people today, it is not without reason that organisations are giving serious thought to creating ideal employee experiences. Today’s employees expect great experiences at work. And these experiences provide a competitive edge. So how do organisations provide them? Through their leaders and workplace practices of course!
Are you a disciplined person who does not miss on any credit card bill payments, ensures payment of the entire monthly outstanding and within the stipulated time. Are you disciplined enough not to overspend your credit limit buying those attractive toys and services, just because you couldn't resist the urge and it's so easy to use that credit card.
Marketing strategies that can help small businesses succeed
Cutting-edge technologies today are disrupting the digital world. These technologies are being used along with digital marketing strategies by organizations of all sizes to stay ahead of the market. The ultimate objective of businesses across industries is to maximize their sales and returns on investment (ROI) while spending the least on cost-per-acquisition (CPA).
Reduction in drawback rates on garments might have negative impact on exports
For several textile items, the Indian government has marginally increased duty drawback rates applicable for the year 2018-19. However, there is a marginal decrease in the duty drawback rates of apparel items.
“The reduction in drawback rates on garments might have negative impact on exports,” said P Nataraj, chairman, Southern India Mills Association (SIMA), in a release.
How innovating has helped these 3 youngsters generate a turnover of Rs 1 crore in 8 months
In a world where Alexa can order a cab for you and Siri can give you a weather update, can’t daily-use products around the home simplify your life? Eventuate Innovations works on that premise. Founded by in 2016, the Mumbai-based startup is the brainchild of three young engineers - Ritu Malhotra, 23; Prateek Malhotra, 26; and Pratik Harde, 27. The innovations it offers include an aquarium that can clean itself and feed your fish and a self-watering and fertilising planter.
Freight logistics startup Vaahika uses tech to bring vendors and transporters on same platform
Deepinder Singh owns 15 trucks and has over 100 registered as affiliates. Every day he has a little book in which he jots down details and manages the companies that contact him to take stock and deliver goods from Jaipur to Gandhidham.
However, his truck utilisation is only 60 percent. He is not able to increase it because he lacks the technology to track his own ecosystem and their availability.
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released a Press release on the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of October 2018 (Base 2011-12=100)
FISME regularly receives monthly reports on the economies of various countries from their missions in India. These reports provide information on key economic parameters, trade related information and all news relevant for importers and exporters. In this edition you can take a look at reports on:
Write your comments on the FISME Factor. Share your views and suggestions on MSME issues. Win prize! The best mail will get a special book every fortnight.
send mail to: newsletter@fisme.org.in
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This Newsletter is edited by the FISME Secretariat. We welcome contributions as well as comments and suggestions. Please write to newsletter@fisme.org.in
E-commerce is booming in India. But below the massive growth lies some unpleasant truth. News reports cite that huge quantities of products are being imported through courier as gifts. Legal imports are also becoming ubiquitous as people are ordering all kind of goods online from international websites/ apps. However, Indian exporters encounter numerous problems when shipping goods through small consignments. It is not a level playing field. Firstly, beyond a limit goods cannot be exported through courier. Secondly, they can be shipped only through a few airports as most of others are not equipped to handle large number of small shipments. Thirdly, exporters cannot claim refund of taxes paid on inputs, the facility given to merchandise exporters because of which exports become uncompetitive. Also, due to uncertainties of delivery- hamstrung by regulatory and infrastructural constraints, most international large e-commerce platforms discourage Indian exporters from putting their wares on their websites. FISME is determined to reverse the status quo. We recently entered into agreement with Amazon to on-board over 100,000 MSMEs on Amazon and equip them both for domestic market as well as for exports. FISME and Amazon will jointly work on facilitating improvement in the hard and soft infrastructure for e-commerce and building capacities of willing MSMEs.
"
Secretary to the Govt of India, Dr. Arun Kumar Panda inaugurated the FISME-Amazon Digital Utsav in New Delhi on 13th Dec 2018. FISME and Amazon have entered into agreement to on-board 100,000 MSMEs in next few months. The agreement was signed by Shri Gopal Pillai (Director, Amazon) and Mr. Anil Bhardwaj (Secretary General, FISME). Shri Sudhanshu Pandey, Additional Secretary, Ministry of Commerce, Govt of India chaired panel discussion with panellists Shri Sachin Chaturvedi, Director General-RIS, Shri Deepak Bagla, CEO-Invest India, Shri Animesh Saxena, Vice-President, FISME. It was moderated by Shri Goldie Dhama, Partner, PwC.
“Just do it” “Move fast, break things” “Vague but cool quote from the show Silicon Valley”, these are 3 of the most common posters you’re likely to find at an early stage start-up office across the country, hung right above a fast-paced CEO, a zealous techie & 3 cans of Red-Bull. It also happens to be the basic extent of translating company vision/goals in some form of communication to external/internal stakeholders. Cliches aside, as an early stage entrepreneur & a communications professional, in conversations with young entrepreneurs who believe that investing in communication is ‘expensive’ ‘tiresome’ & ‘deserved for a more evolved stage’.
The New Industrial Policy, which will replace the 27-year-old existing policy, has been sent for the Union Cabinet’s consideration, said Suresh Prabhu, Commerce and Industry Minister.
Prabhu said "For the industrial policy, the cabinet note has been sent. We were putting in place an action plan on how to implement it and that is why it took time." The new industrial policy aims to resolve bottlenecks arising from inadequate infrastructure, restrictive labour laws and complicated business environment.
Prabhu proposed the new regime that aims to create jobs for the next two decades and attract $100 billion foreign direct investment (FDI) annually.
The targets for the year 2018-19 for assistance under PMEGP have been increased by more than 50% due to increased budget allocation for PMEGP, the Parliament was informed.
In a reply to a question in the Rajya Sabha today, the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Giriraj Singh said budgetary allocation for PMEGP, was increased to Rs.1800.64 crore for 2018-19 as against Rs.1024.49 crore during the year 2017-18.
The targeted number of units to be set up during 2018-19 is 66,700 as against the target of 50,784 in 2017-18.
On the basis of an assessment of the current and evolving macroeconomic situation, Reserve bank of India (RBI) has maintained status quo by keeping the repo rate unchanged as per market expectations.
In the fifth bi-monthly monetary policy statement, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent. Consequently, the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
On April 1, 2019, the new simplified GST return forms will be rolled out, said Ajay Bhushan Pandey, Revenue Secretary.
This step has been taken as the current GST forms had been criticized for being extremely complex and riddled with problems.
In July, the Central Board of Indirect Taxes and Customs (CBIC) had put up in public domain draft GST return forms Sahaj and Sugam and sought public comments.
These forms would replace GSTR-3B (summary sales return form) and GSTR-1 (final sales returns form).
In the first eight months (April-November) of the current fiscal, the government has mopped up over Rs 7.76 lakh crore from the GST.
As many as 17 Business Incubators from across the country developed strategic business plan for their incubators. These plans were developed in the 2-day strategy workshop of incubators on innovation services in New Delhi on 11th & 12th December 2018. The workshop was organized under the ambit of MSME INNO, an Indo-German bilateral project to promote innovation in MSMEs. MSME INNO is implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with the Ministry of MSME.
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and Tata Technologies Ltd will work together to bring the innovation in the DNA of work culture, said Vikrant Gandhe, Company Secretary and Head- Corporate Sustainability, Tata Technologies Limited.
GIZ inked pact with Tata Technologies Limited during a conclave titled ‘Collaborate to Innovate’ organized recently to promote innovation in Small and Medium Enterprises (SMEs). Speaking with KNN India, he said that the objective of MoU is to focus on institutes and industry collaboration to change the mindset in order to bring innovation as a part of work culture.
Ministry of MSME is devising policies in such a way that support system will be developed to provide innovation support to MSMEs, said PM Parlewar, Director, DC MSME, while talking to KNN India.
He said this on the sidelines of a conclave 'Collaborate to Innovate' held in Pune last week. The innovation conclave was organized by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and Mahratta Chamber of Commerce and Industries (MCCIA) with the support of MSME Ministry, Government of India.
A MSME support and outreach programme was organized in Ludhiana, for apparel and handloom sector at the MSME Development Institute.
The programme was organized by Ministry Of MSME, Development Institute (MSME-DI), Ludhiana, for enhancing the productivity and competitiveness as well as capacity building of the MSMEs and their collectives in the country.
Since the digital portal of granting Rs. 1crore loan in 59mins was launched, around 343 applicants have been sanctioned a loan amount Rs.9,919 crore while loan amount of Rs.9.18 crore has been disbursed to more than 130 applicants, said Nisar Ahmad Khan, Deputy lead district manager, Punjab and Sind Bank.
In the last one year, the Non-Performing Assets (NPAs) in Gujarat have risen by over 25% to Rs 39,289 crore and both Micro, Small, Medium enterprises (MSMEs) and corporates have contributed to this rise of bad loans, according to State Level Bankers’ Committee (SLBC) report.
The gross NPAs of banks in the state, at the end of September 30, 2018, stood at Rs 39,289 crore which is 6.88% of the total loans amounting to Rs 5,60,870 crore, stated the latest report during a meeting.
Executive director of Dena bank, Ramesh Singh said, “Close to Rs 30,000 crores of NPAs in Gujarat are corporate loans. This also includes all loans over Rs 5 crore taken by MSMEs who fall in the priority-sector for the banks.”
“Many times an account goes bad because there are factors beyond the control of the borrower. There are equal number of people in the market who also misuse this facility,” Singh said,
He added, “In Gujarat, the highest number of defaulters is in the MSME sector.”
The District Industries Promotion Committee, in a meeting this week, has decided to allocated as many as 120 plots in the industrial park at Gurrampalem near Pendurty in the city for the 75 new MSME units.
During the meeting, presided over by the Collector and Chairman of the Committee Pravin Kumar, the new proposals submitted by the entrepreneurs were accepted by the committee. The committee has allocated four plots at the Narsipatnam-Rachapalli Industrial Park for a new MSME unit. The committee screened 30 claims submitted for the industrial promotion incentives.
The meeting has accepted 23 claims and ordered to release Rs 82 lakh to the 23 units. The committee has rejected 7 claims.
After approving one time settlement scheme to revive sick industrial units in Punjab, the state government has decided to refund value added tax (VAT) by March 2019.
Minister for Industries Sunder Sham Arora said the state government would refund value added tax (VAT) by March 2019.
Earlier, specific dates were given twice by Arora to the industrialists, whose VAT refunds amounting to several crores were still pending.
The Minister for Industries who was in the city to inaugurate the 5th MACHMA Expo-2018 along with other dignitaries said the one-time settlement policy of the government would revive sick industrial units as most of their interest amount would be waived-off.
The Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH have signed a Memorandum of Understanding (MoU) here today to strengthen the innovation ecosystem in Small and Medium Enterprises (SMEs).
The MoU was signed during an innovation conclave organized by MCCIA and GIZ with the support of Ministry of Micro, Small and Medium Enterprises, Government of India.
A memorandum of understanding has been signed between Andhra Pradesh Economic Development Board (APEDB) and Daiki Aluminium Industry of Japan under which Daiki will invest up to USD 30 million (about Rs.225 crore) in AP to build an aluminium alloy unit with a capacity of 84,000 tonnes per year.
The project is expected to generate direct employment for 600 people.
The company has submitted the detailed project report and will apply for pre-establishment approvals and clearances soon.
The foundation stone is planned to be laid in early February.
US Commerce Secretary Wilbur Ross has said that he will visit India in February to attend the bilateral commercial dialogue and the Trump administration is sending a major trade mission to the country next year.
"I'm happy to report that I'm scheduled to visit India this coming February. I'll be co-chairing the US-India Commercial Dialogue and the US- India CEO forum with my Indian counterpart, (commerce and industry) minister (Suresh) Prabhu," Ross said at a farewell reception organised for the outgoing Indian Ambassador to the US, Navtej Singh Sarna. Some 200 guests, including top officials of the Trump administration, diplomats, eminent Indian Americans and top corporate executives attended the farewell reception for the top Indian diplomat, who is retiring later this month.
Highly appreciative of the role played by Sarna in strengthening the US-India relationship during his tenure as the Indian envoy, Ross said that Sarna has laid the ground work for more to come.
"Thank you for your efforts to improve our bilateral relat ..
China is now keen to import pomegranate, grapes, soyameal, fish oil and fish meal from India apart from non-basmati rice and sugar it had decided to buy earlier. Beijing will send teams to inspect pomegranate and grape orchards, and soy processing units this month.
In a meeting last week with Chinese vice minister Hu Wei, India also pushed for exporting okra, sapota (chikoo), milk and bovine meat to China while Beijing made a case for New Delhi to resume imports of milk and dairy products, apples and pears.
“To achieve balance of trade, they are looking at high quality agricultural products and have agreed to look positively at India’s demands,” said an official aware of the details. India’s exports to China touched $33 billion in 2017-18 while imports from that country stood at $76.2 billion.
According to FISME factor 80 % of MSMEs think that Government's plans to unveil new industrial policy is a good step to boost domestic manufacturing and accelerate economic growth while 20 % think it is not. 
Considering that experiences matter way more than money to people today, it is not without reason that organisations are giving serious thought to creating ideal employee experiences. Today’s employees expect great experiences at work. And these experiences provide a competitive edge. So how do organisations provide them? Through their leaders and workplace practices of course!
Are you a disciplined person who does not miss on any credit card bill payments, ensures payment of the entire monthly outstanding and within the stipulated time. Are you disciplined enough not to overspend your credit limit buying those attractive toys and services, just because you couldn't resist the urge and it's so easy to use that credit card.
Cutting-edge technologies today are disrupting the digital world. These technologies are being used along with digital marketing strategies by organizations of all sizes to stay ahead of the market. The ultimate objective of businesses across industries is to maximize their sales and returns on investment (ROI) while spending the least on cost-per-acquisition (CPA).
For several textile items, the Indian government has marginally increased duty drawback rates applicable for the year 2018-19. However, there is a marginal decrease in the duty drawback rates of apparel items.
“The reduction in drawback rates on garments might have negative impact on exports,” said P Nataraj, chairman, Southern India Mills Association (SIMA), in a release.
In a world where Alexa can order a cab for you and Siri can give you a weather update, can’t daily-use products around the home simplify your life? Eventuate Innovations works on that premise. Founded by in 2016, the Mumbai-based startup is the brainchild of three young engineers - Ritu Malhotra, 23; Prateek Malhotra, 26; and Pratik Harde, 27. The innovations it offers include an aquarium that can clean itself and feed your fish and a self-watering and fertilising planter.
Deepinder Singh owns 15 trucks and has over 100 registered as affiliates. Every day he has a little book in which he jots down details and manages the companies that contact him to take stock and deliver goods from Jaipur to Gandhidham.
However, his truck utilisation is only 60 percent. He is not able to increase it because he lacks the technology to track his own ecosystem and their availability.
“
If you are not willing to risk the usual, you will have to settle for the ordinary.
”
