SME Lead Fueling Global Economic Growth

Olusegun Obasanjo, former Nigerian President spoke in favour of Nigeria’s partial border closure with neighbours, asking Benin Republic to change its ways for a harmonious bilateral relationship between the two countries. Obasanjo spoke on a day former Director of Kenyan Anti-Corruption Commission, Prof. PLO Lumumba, said in Lagos that Nigeria was too big to be threatened by smaller neighbouring countries ...

The Zimbabwe Government has removed duty on all foodstuffs as a way of ensuring their availability as well as protect hard-pressed citizens against the continued inflationary pressures that have resulted in constant price increases. The Cabinet had recently announced the removal of import duty on wheat and maize meal but the Information Minister Monica Mutsvangwa announced has extended it to ...

The United States and China are close to agreement on the first phase of a trade deal, U.S. President Donald Trump said, after top negotiators from the two countries spoke over the telephone and agreed to keep working on remaining issues. Trump said Washington was in the “final throes” of work on a deal that would defuse a 16-month trade ...

Beneath the Goods and Services Tax (GST) Act, Micro & Small units with revenue up to Rs. 1.5 crore can be attained privileges under the composition scheme, this was notified by Union Minister for Ministry of MSME, Mr. Nitin Gadkari in the Rajya Sabha acquainted that MSME Ministry has started the Interest Subvention Scheme for new and incremental credit to ...

According to an MSME report, the small and medium pharma companies play a crucial position within the growth story of the Indian pharma sector as they contribute 35-40 percent to the industry in terms of production with a turnover of approximately Rs. 35,000 crore. With regards to devices and employment generation, the SME sector is ahead contributing towards 48% of ...

New Zealand became the first developed country to sign FTA with China in the year 2008. The upgrade to this agreement that was pending since the last few years was recently concluded. The updated deal now makes exports easy to China apart from decrease in compliance costs for New Zealand exports by millions of dollars yearly. Another advantage of the ...

Exporters in China and US have experienced adverse impact owing to tariff hike but New Zealand is one country that somehow remained unaffected by non-tariff barriers. Despite disruptions in value chains, trade tensions between China and US appear to have left New Zealand exporters unharmed for now. The country managed an overall growth of 4.7% in merchandise exports over the ...

The MSME sector in India contributes to one-third GDP of the country and also plays a significant role in the development of Indian economy. With many of the government schemes such as start-up India, E-Governance, Digital India, the SME sector has the potential to increase revenues by 51%, while enhancing operational efficiency and expand customer reach. With the emergence of ...

Ministry of MSME is implementing various schemes through Khadi and Village Industries Commission (KVIC) and Coir Board to provide financial assistance to artisans and craft persons, said an official release. Prime Minister’s Employment Generation Programme (PMEGP) is a credit linked subsidy scheme, for setting up of new micro-enterprises and to generate employment opportunities in rural as well as urban areas ...

There is a constant need to accelerate the digitalization of small and medium enterprises (SMEs) to stay relevant in the global market and gain a competitive edge within Southeast Asia. Efforts are being scaled at a national level to push SMEs to be digitally-enabled and technologically equipped to meet the demands of an increasingly digital world. Malaysia is evidently keen ...