sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« General »
 Income Tax return processing time to reduce from 63 days to just 1 day
 Govt eases norms for start-ups seeking exemptions from 'angel tax'
 Maximise tax savings using health insurance for yourself and family
 FinMin considers steps to prevent composition dealers from charging GST from buyers
 Do-it-yourself online filers may need to ask for some help this tax season
 Do we need composition scheme in GST for real estate?
 Here's how you can claim tax benefit on a top-up home loan
 Year-end tax tips to get you ahead of the season
 Manual filing allowed for tax cut at lower/nil rate
 Income tax return filing: I-T dept allows manual filing by resident, NRI taxpayers
 You don’t have to pay tax while gifting house to your child; here is how

Assocham, ICAI set up virtual centre for MSMEs' development
January, 31st 2015

Industry body Assocham and the Institute of Cost Accountants of India (ICAI) have jointly set up the country's first 'Virtual Centre for Development of MSMEs'.

"The Centre will cater as a facilitator to MSMEs by addressing their issues, connecting them to global research and development (R&D) centres, strengthening industry-academia partnership, skill up-gradation and conducting product/industry specific seminars and workshops," as per a vision document released at a press conference here today.

It was released by A.S.Durga Prasad, president, ICAI, Ravindra Sannareddy, chairman, Assocham, Southern Regional Council, and D.S. Rawat, national secretary general, Assocham.

The Centre aims to reach out to about 30 million MSMEs, educate at least 50,000 MSME units about exports, assist about 20 million budding entrepreneurs, train at least 10 million non-skilled/semi-skilled people across India and assist at least 500 MSMEs to produce innovative products, it said.

The Centre would be a single window for all MSME related issues such as finance, technology, skill development, policy and compliance as it would get first hand information on their impediments and evolve amicable solutions by developing a dedicated website, establishing round-the-clock helpline number, issuing a monthly news letter, publishing a sector-specific research journal.

There are about 46 million MSME units across the country employing about 106 million people and they play a pivotal role in growth of India's economy evidently as they contribute about 45 per cent of industrial output, about 40 per cent of exports, create over one million jobs annually and produce over 8,000 varied quality products.

However, absence of adequate and timely banking finance, poor infrastructure facilities, limited capital and knowledge, use of primitive technology, low production capacities, ineffective marketing strategies, dearth of skilled labour, taxes and regulations are certain major hurdles being faced by the MSME sector and their removal is imperative for developing a smooth business environment in India.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions