#smestreet

#Commerce and Industry Minister Shri #PiyushGoyal meets Service #exporters

The Union Minister of Commerce and Industry Shri Piyush Goyal held a meeting, through video-conferencing, with office bearers of the Services Export Promotion Council (SEPC), and stakeholders representing various Services sector.  The stakeholders made several suggestions and demands during the meeting, in the wake of Covid-19 pandemic, subsequent lockdown, and the ongoing Unlocking. The services…

#Uday_Kotak, #TVNarendran and #SanjivBajaj are New Office Bearers of #CII

Uday Kotak, Managing Director and CEO, Kotak Mahindra Bank Limited takes over as President of CII for 2020-21. Meanwhile, T V Narendran, CEO and Managing Director of Tata Steel Limited, is named as the President-Designate of CII for 2020-21. This year the role of Vice President will be with Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv Limited.

Kotak takes over from Vikram…

#FICCI Welcomed Revisions in #New_MSME_Definition

MSMEs formed a very prominent part of the announcements made under the ‘Atmanirbhar Bharat Abhiyan’ which included the revision of the definition of MSMEs after 14 years since it was last announced.

FICCI has continuously been submitting the industry’s views to the government about the new MSME definition announced by the Finance Minister on May 13, 2020 as the limit for defining the medium…

Improvising #Cost_Control on #InfraManagement: #75F #IoT #AI

In the Pre COVID-19days, things were gradually maturing towards better work environments, infrastructures and smart office premises etc. Well, suddenly everything got disrupted, but the overall vision didn’t change. However, the smart infrastructure management solutions are making an even stronger appeal to real estate and facilities management companies on the basis of their appeal for enabling…

#RBI's #RateCut is a Welcome Surprise for #MSMEs #Credit

In order to push lending and facilitate credit flow, the Reserve Bank of India made an unexpected cut its key deposit rate for the second time in three weeks to discourage banks for parking idle funds with it and push them toward lending to revive the flagging economy amid the coronavirus lockdown.

The RBI cut its reverse repo rate by 25 basis points (bps) to 3.75% with immediate effect, RBIGover…

#Commerce_Ministry Listed Relaxations to Address #Corona Pandemic Related Hardships of #Exporters #COVID19 #COVID_Loackdown

In order to give relief to businesses and affected individuals amidst the stress caused by the novel coronavirus pandemic, Department of Commerce, Ministry of Commerce and Industry has introduced several relaxations and extensions in deadlines etc. with regard to compliances mandated under its schemes and activities. The key relaxations pertaining to the Department of Commerce are as follows:

A.…

#Pentagon Says $10 Billion #Cloud Deal With #Microsoft is Legal

The Donald Trump government has found no legal problem in awarding the prestigious $10 billion Pentagon Cloud computing project to Microsoft despite Amazon Web Services (AWS) being leading the race.

The US Department of Defense’s Inspector General said Microsoft’s win of the Joint Enterprise Defense Infrastructure (JEDI) contract was not influenced by President Trump as alleged by Amazon, reports…