MSME Current Affairs - 2020

Ministry Of MSME Introduces AI & ML Tools to Strengthen Champions Portal

The Ministry of MSME has launched the artificial intelligence (AI) and machine learning (ML) tools in order to provide effective assistance and solutions to the issues of micro, small and medium enterprises (MSMEs). These tools have been started on its Single Window System called the ‘Champions’ portal. These tools would be strengthening the portal. Champions Read More…

Tamil Nadu Government releases Electronics and Hardware Manufacturing Policy

On September 7, 2020, Tamil Nadu Government released Electronics and Hardware Manufacturing Policy. The main aim of the policy is to increase the electronics industry output to 100 billion USD by 2025. Highlights The Tamil Nadu State will contribute 25% of India’s total electronic exports of the country after implementation of the policy. The policy Read More…

Finance Minister: Businesses with annual turnover of up to Rs 40 lakhs exempted from GST

On August 24, 2020, the Finance Minister Nirmala Sitaraman announced that the businesses with annual turnover of up to Rs 40 lakhs are exempted from GST. Earlier the limit was Rs 20 lakhs. Highlights The announcement was made through series of tweets on the occasion of first death anniversary of former Finance Minister Arun Jaitley. Read More…

PM Modi reviews Multi-Modal Connectivity of Economic Zones Project

On August 17, 2020, Prime Minister Narendra Modi chaired a meeting to review preparations for National Master plan on Multi-modal Connectivity of Economic Zones Project. This will boost infrastructure, productivity, economic progress and opportunity for youngsters. Special Economic Zones A Special Economic Zone is a territory within national borders. The SEZs are created to promote Read More…

Andhra Pradesh State Industrial Development Policy 2020-23

The Andhra Pradesh Government has launched a new State Industrial Development Policy for the year 2020-23. The policy aimed to create employment for youth and match national average in industrial GVA per capita. The previous Industrial Development Policy of the state was implemented between 2015-20 Highlights The policy was unveiled by the State Industries Minister Read More…