New Delhi, May 6 (KNN) The Federation of Indian Micro and Small & Medium Enterprises (FISME) has launched a programme of collating feedback from the Micro, Small and Medium Enterprises (MSMEs) nationally on enforcement of contracts and execution of awards handed by Arbitration and Facilitation Councils set up under MSMED Act 2016.
Investment in the garment and footwear sector, one of Cambodia’s economic pillars, is growing at a slightly slower pace in 2019 compared to last year, according to an official from the Garment Manufacturers Association in Cambodia (GMAC).
The Bangladesh Government has been urged to offer additional 5 per cent incentive for the readymade garments sector in the upcoming budget for fiscal 2019-20 for next three years.
All invoices for business-to-business sales by entities beyond a specified turnover threshold will be generated on a centralised government portal by September, a move aimed at curbing the menace of fake invoices and evasion of GST, officials said.
India Ratings and Research (Ind-Ra) recently revised its gross domestic product (GDP) growth estimate for fiscal 2019-20 to 7.3 per cent from 7.5 per cent earlier.
Traders in the State on Sunday demanded major changes in the Goods and Services Tax (GST), including removal of collection of 18% as charge for bank transactions and bringing petrol and diesel under the GST.