For kids in the United States, the tariff imposed by the Donald Trump administration on countries like China may no longer be a child's play, as toy prices are predicted to touch record highs this Christmas season. However, for India's toy export industry, which was ready to take giant strides in the sector by bagging heavy orders from the US retail giants like Walmart, Amazon, and Target Corporation, gaining from the China-Plus-One policy, the US tariffs came as a heavy jolt.
The orders issued this month have selected ministries ranging from home affairs under Amit Shah to rural development, headed by Shivraj Singh Chouhan, to move to Building 3 -- currently named CCS-03 -- on Kartavya Path. The scale of the shift will be even larger than when most of Lutyens' Delhi's present crop of government buildings came up in the early 1930s.
The Ministry of Micro, Small and Medium Enterprises (MSME) has received "positive" feedback from industry regarding the 45-day payments cycle for MSMEs, according to a senior official familiar with the matter. The comment assumes significance amid concerns raised by some MSMEs that big companies may stop buying from small and medium suppliers and instead choose to make purchases from unregistered enterprises.
"I have no interest left in contesting the elections," said the former Lok Sabha member.
Here is the complete list of ministers in Modi 3.0 and their portfolios:
Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.
The Southern Command unveiled the flag of size 225 feet by 150 feet at Jaisalmer Military Station.
Patel was administered the oath as the 18th chief minister by Governor Acharya Devvrat at a function held at the Helipad Ground near the new Secretariat.
Air India Chairman Rajiv Bansal has been appointed as the new aviation secretary as part of a major top-level bureaucratic reshuffle effected by the Centre on Wednesday. K Rajaraman, additional secretary in the department of economic affairs, has been appointed as secretary, department of telecommunications, a personnel ministry order said.
'If you want to change everything all of a sudden to polyester, then the production of khadi flags will come under trouble.'
The Opposition hit out at the government over the absence of Rajya Sabha Chairman, Lok Sabha Speaker and ministers from the traditional event marking the birth anniversary of those whose portraits adorn Parliament's Central Hall.
There are over 26 million MSMEs in the country that provide employment to around 60 million people.
Overseas Indian Affairs Minister Vayalar Ravi was today given additional charge of ministries of science and technology, earth sciences and micro, small and medium enterprises following ill health of Vilasrao Deshmukh.
Easy financing, including grant of tax exemption, being considered to provide early stage funding.
The government, in collaboration with the UN-body World Intellectual Property Organisation (WIPO), has commissioned a study to ascertain whether India's small and medium enterprises (SMEs) are prepared to adopt the global IPR regime.
The proposal is being piloted by the nodal ministry of micro, small and medium enterprises which wants to ensure that all the KVIC products enjoy credibility.
Sources said the designers present in the meeting will submit their individual proposals shortly to the MSME ministry entailing suggestions to set up design centres.
The case is related to the alleged irregularities in granting clearance by the Foreign Investment Promotion Board to INX Media, once owned by Peter and Indrani Mukherjea, for receiving overseas funds to the tune of Rs 305 crore.
Shaidalin Marbaniang's eco-friendly napkins solve three problems -- accessibility, sustainability and also generates employment.
A cabinet note for setting up a fund, with initial corpus of Rs 1,000 crore (Rs 10 billion), to provide credit to businesses in the unorganised sector has been prepared, a senior government official said.
The exporters are optimistic that the industry will grow by 8-10 per cent and it can improve further if the government helps the industry.
The government will address the credit needs of the tiny and small firms, while a separate fund for enterprises in the unorganised sector is proposed, new Minister for Micro, Small and Medium Enterprises Dinsha Patel said after taking charge.
Here's some good news for those with innovative ideas. In an effort to support aspiring entrepreneurs, the government has launched an incubator scheme.
The government sees the total employment in village industries touching over 1 crore (10 million) by the end of current financial year from nearly 93 lakh in the previous fiscal.
The proposed policy is increasingly becoming an item of negotiation, as the US pushes hard to change India's stance.
The government and the Reserve Bank are discussing the matter on a constant basis and is likely to come out with a decision in the near future, secretary to the ministry of micro, small and medium enterprises, Dinesh Rai told reporters. Presently, banks are required to keep atleast 40 per cent of their total loan disbursal to the priority sector which includes the micro-institutions in the country.
First-generation entrepreneurs of micro and small enterprises are facing the problem of inadequate credit flow. H P Kumar, chairman and managing director, National Small Industries Corporation, tells Business Standard about the recent initiatives taken by the corporation to tackle it.
Several Union ministers and chief ministers voluntarily removed the red beacons from their vehicles even before the notification of it came into effect.
Finance Minister Arun Jaitley on Friday hinted at not raising tax rates and providing incentives for manufacturing.
A total of 16 secretaries have been appointed to various central government departments.
In many ways, the 68th Republic Day parade was unique.
In a strongly worded legal notice to FabIndia Chief Executive Officer Viney Singh, KVIC's director (legal affairs), noted that the organisation was continuing to sell its garments in the name and style of Khadi despite earlier warnings by KVIC and assurances by FabIndia that it will not continue do so.
Some may lose competitiveness due to higher compliance costs
Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.
In the concluding article of a six-part series, Business Standard visits Ludhiana, one of the largest industrial towns in Punjab, to assess the effect of demonetisation.
In eight major MSME-centric product groups, imports from China grew the fastest.
Ministers who were in the news for all the wrong reasons
The top 10 in terms of the number of MSMEs is dominated by the larger states with Uttar Pradesh at the top.
The BJP's manifesto for UP elections promised many things. But, given the state's precarious financial position, fulfilling these promises is likely to prove tricky, says Ishan Bakshi.
In the third reshuffle since coming to power, Prime Minister Modi raised the strength of his Council of Ministers from 73 to 76.
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