Budget 2025-26

February 5, 2025 10:01 AM

Budget 2025-26: MSMEs to receive Rs.1.5 lakh crore in additional credit, new initiatives to benefit 5 lakh entrepreneurs

The Union Budget 2025-26 has introduced a set of comprehensive measures to boost the Micro, Small, and Medium Enterprises (MSME) sector, recognising its critical role in India’s economic growth as per a press release issued by the Ministry of Micro, Small & Medium Enterprises. With 5.93 crore registered MSMEs employing over 25 crore people, the sector contributes significantly to manufacturing, exports, and job creation. In 2023-24 alone, MSME-related products accounted for 45.73% of India...

January 17, 2025 10:37 PM

Budget session of Parliament to begin on January 31 with President’s address

The budget session of Parliament is scheduled to begin on January 31, extending until April 4. The session will commence with President Droupadi Murmu addressing a joint sitting of both Houses of Parliament. Finance Minister Nirmala Sitharaman will present the Union Budget on February 1. Following the initial proceedings, Parliament will observe an inter-session break starting February 14, with sittings resuming on March 10. During the session, Prime Minister Narendra Modi is expected to addre...

December 30, 2024 3:03 PM

Budget 2025-26: Assocham seeks greater ease of doing business, enhanced credit flow for MSMEs

To boost micro, small, and medium enterprises (MSMEs) and improve ease of doing business, Assocham has proposed the creation of integrated infrastructure townships and universities dedicated to skill development and entrepreneurship. The aim is to enhance growth and support within the sector, the apex trade body said on Monday. During a pre-budget meeting with Finance Minister Nirmala Sitharaman, Assocham recommended several measures to encourage investment. These include expanding the scope of...