SME

Small and Medium Enterprises (SME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades. SMEs not only play crucial role in providing large employment opportunities at comparatively lower capital cost than large industries but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. SMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country.

SMEs also play a significant role in Nations development through its high contribution in domestic production, significant export earnings, low investment requirements, operational flexibility, location wise mobility, low intensive imports, capacities to develop appropriate indigenous technology, import substitution, contribution towards defence production, technology–oriented industries, competitiveness in domestic and export markets thereby generating new entrepreneurs by providing knowledge, training and skill development .

Government of India was notified by its MSMED Act in 2006 to address policy issues affecting SMEs as well as the coverage and investment ceiling of the sector. The Act seeks to facilitate the development of these enterprises as also enhancing their competitiveness. It provides the first-ever legal framework for recognition of the concept of "enterprise" which comprises both manufacturing and service entities. It defines medium enterprises for the first time and seeks to integrate the three tiers of these enterprises, namely, micro, small and medium. The Act also provides for a statutory consultative mechanism at the national level with balanced representation of all sections of stakeholders, particularly the three classes of enterprises; and with a wide range of advisory functions.

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4 important tips to make the most of close-ended mutual funds Close-ended mutual funds do not have any track record and aren’t open to investors post their initial offer period
Tue, 12 Jun 2018 08:21:17 +0530


How to fund your child’s education through mutual fund SIPs When parents start investing early through SIPs, they allow more time for their corpus to grow. Also, monthly outgo in the form of SIPs is lower than those investing late for the same amount of corpus
Wed, 23 May 2018 08:41:14 +0530


Late recovery lifts Nifty above 10,800; IT, pharma stocks lead; banks dip, TCS at record close The Nifty IT index rallied over 2 percent following sharp depreciation in the rupee and share buyback announcement by TCS..
Fri, 15 Jun 2018 16:26:42 +0530


Closing Bell: Sensex recovers in late trade to end flat; TCS, Infosys lead Asian markets are cautiously mixed ahead of expected US tariffs.
Fri, 15 Jun 2018 09:05:34 +0530


Global cues drag Sensex 139 pts after Fed rate hike; Midcap outperforms; RIL at record close Reliance Industries, which helped the market recover some losses in later part of the session, ended at record closing high of Rs 1,007.95 (up half a percent).
Thu, 14 Jun 2018 16:22:12 +0530


Closing Bell: Sensex slips 139 pts, Nifty manages to hold 10,800; RIL at record close Asian shares traded lower after Fed raises rates and signals more hikes ahead.
Thu, 14 Jun 2018 09:10:00 +0530


Sensex ends mildly higher amid volatile moves, Nifty above 10,850-mark; pharma gains big Midcap stocks see selling pressure in the ultimate hour; pharma names such as Sun Pharma, Cipla and Lupin push up Nifty Pharma.
Wed, 13 Jun 2018 16:02:49 +0530


Last hour recovery helps Sensex end just 20 pts lower, Nifty above 10,750; pharma sees big gains Defensives gain on a weak day of trade, but last hour fight by the bulls helps them trim losses.
Fri, 08 Jun 2018 16:05:45 +0530


Banks drag Sensex 215 pts, Nifty below 10,700 ahead of RBI policy; Midcap continues to dip Now all eyes are on Monetary Policy Committee#39;s rate decision scheduled to be announced on Wednesday. Largely expectations are status quo on policy rates but the commentary would be keenly watched, experts said.
Mon, 04 Jun 2018 17:16:51 +0530


Closing Bell: Sensex down over 200 pts, Nifty ends below 10,650; banks drag Asian stocks traded higher, tracking upside in US markets post better-than-expected US jobs report.
Mon, 04 Jun 2018 09:07:06 +0530


Nifty ends below 10,700, all sectoral indices in the red except Auto; Sensex up 1% for week All sectoral indices ended lower barring Auto that gained 0.8 percent after strong auto sales data for the month of May 2018.
Fri, 01 Jun 2018 16:25:55 +0530


Closing Bell: Sensex loses 95 pts, Nifty ends below 10,700; Midcap index sheds 267 pts Asian markets traded mixed as US-China trade concerns return to the fore.
Fri, 01 Jun 2018 09:05:45 +0530


Late rally helps Nifty end May series above 10,700; Sensex zooms 416 pts on HDFC Bank aid In the May series, the Sensex gained 1.7 percent and the Nifty rallied 1.1 percent while Bank index surged more than 7.5 percent.
Thu, 31 May 2018 16:27:46 +0530


Closing Bell: Sensex up 416 pts, Nifty ends above 10,700 on FO expiry; GDP data eyed Asian stocks recover after easing of Italian political concerns.
Thu, 31 May 2018 09:04:20 +0530


Nifty ends mildly lower ahead of FO expiry; Italy crisis, Moody#39;s GDP forecast weigh Investors also closely monitor the movement in the rupee and crude oil prices, both of which are range-bound after recent sharp moves.
Wed, 30 May 2018 16:33:03 +0530


Closing Bell: Sensex ends mildly lower, Nifty manages to hold 10,600 amid Italy crisis Asian shares extended a global sell-off. Japan#39;s Nikkei, China#39;s Shanghai Composite, Hong Kong#39;s Hang Seng and South Korea#39;s Kospi are down 1.5-2 percent.
Wed, 30 May 2018 09:02:34 +0530


Podcast | Bears make a comeback on D-Street; Nifty ends below 10,650 Benchmark indices snapped the three-day winning streak, dented by weak global cues and sharp fall in rupee. Banking financials are the major losers that pulled the market lower in trade today.
Tue, 29 May 2018 17:04:46 +0530