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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Swarup Mohanty The budget speech mainly reflected on the key achievements of the present government over the past five years and their vision for India.
Fri, 01 Feb 2019 19:06:06 +0530


Evening Walk Down D-Street: 7 days of selling results in Mcap erosion of Rs 6.4 lakh crore The last time when Sensex fell for seven consecutive days in a row was back in January 2018. The index fell from January 30 to February 7, 2018
Mon, 18 Feb 2019 17:27:14 +0530


An evening walk down Dalal Street | Equities end lower for 6th straight session At the close of market hours, the Sensex was down 67.27 points or 0.19% at 35808.95, while the Nifty was down 21.60 points or 0.20% at 10724.40.
Fri, 15 Feb 2019 17:52:36 +0530


An evening walk down Dalal Street | Indices end lower despite positive global cues; Nifty below 10,750 At the close of market hours, the Sensex was down 157.89 points or 0.44% at 35876.22, and the Nifty down 47.70 points or 0.44% at 10746.00.
Thu, 14 Feb 2019 15:53:17 +0530


An evening walk down Dalal Street | Equities give up all gains, Nifty below 10,800 At the close of market hours, the Sensex was down 119.51 points or 0.33% at 36034.11, and the Nifty down 37.70 points or 0.35% at 10793.70.
Wed, 13 Feb 2019 16:32:58 +0530


An evening walk down Dalal Street | Positive global cues fail to cheer markets; Nifty falls below 10,900 At the close of market hours, the Sensex was down 241.41 points or 0.66% at 36153.62, and the Nifty down 57.40 points or 0.53% at 10831.40.
Tue, 12 Feb 2019 16:36:10 +0530


An evening walk down Dalal Street | Monday blues on D-Street as Sensex, Nifty end lower; MM down 5% At the close of market hours, the Sensex was down 151.45 points or 0.41% at 36395.03, while the Nifty was down 54.80 points or 0.50% at 10888.80.
Mon, 11 Feb 2019 16:46:04 +0530


An evening walk down Dalal Street | Bears have a field day as Sensex dives 420 points, Nifty below 11,000 At the close of market hours, the Sensex was down 424.61 points or 1.15% at 36546.48, while the Nifty was down 125.80 points or 1.14% at 10943.60.
Fri, 08 Feb 2019 16:10:44 +0530


An evening walk down Dalal Street | Last hour selloff drags Sensex in red zone, Nifty below 11,100 At the close of market hours, the Sensex was down 4.14 points or 0.01% at 36971.09, and the Nifty up 6.90 points or 0.06% at 11069.40.
Thu, 07 Feb 2019 16:40:49 +0530


An evening walk down Dalal Street | Sensex just short of 37,000, Nifty above 11,000; Tech Mahindra up 8% At the close of market hours, the Sensex was up 358.42 points or 0.98% at 36975.23, and the Nifty up 128.10 points or 1.17% at 11062.50.
Wed, 06 Feb 2019 16:27:21 +0530


An evening walk down Dalal Street | Sensex, Nifty end flat amid good global cues At the close of market hours, the Sensex was up 34.07 points or 0.09% at 36616.81, and the Nifty up 22.10 points or 0.20% at 10934.40.
Tue, 05 Feb 2019 16:56:49 +0530


Market Live: SGX Nifty indicates flat opening for Indian indices Trends on SGX Nifty indicate a flat opening for the broader index in India.
Tue, 05 Feb 2019 08:20:20 +0530


An evening walk down Dalal Street | Index heavyweights lift market from lows; Nifty above 10,900 At the close of market hours, the Sensex was up 113.31 points or 0.31% at 36582.74, and the Nifty was up 18.60 points or 0.17% at 10912.30
Mon, 04 Feb 2019 16:23:43 +0530


An evening walk down Dalal Street | Equities end volatile Budget session on a positive note; Nifty just below 10,900 At the close of market hours, the Sensex was up 212.74 points or 0.59% at 36469.43, and the Nifty up 62.70 points or 0.58% at 10893.70.
Fri, 01 Feb 2019 16:28:29 +0530


Market Live: Indices holding gains ahead of Budget 2019; metal stocks under pressure Among sectors, metal index is under pressure, while some buying seen in auto, FMCG, infra and IT stocks.
Fri, 01 Feb 2019 10:55:06 +0530


An evening walk down Dalal Street | Indices end flat ahead of FOMC meet outcome, FO expiry At the close of market hours, the Sensex was down 1.25 points or 0.00% at 35591.25, and the Nifty down 0.40 points or 0.00% at 10651.80.
Wed, 30 Jan 2019 16:40:03 +0530