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Ludhiana: PSPCL overcharging domestic consumers, says Ex MSME director

Dhillon pointed out that in Chandigarh, consumers pay only ₹30 per month and in Delhi, the maximum fixed charge is ₹100 per month; however, in Punjab, consumers are paying ₹800-900 per month, which he termed as excessive and unfair

Ex-MSME director Dhillon claims that PSPCL is wrongly using the number of days in a month instead of the correct billing factor, leading to inflated electricity bills. (HT Photo)

cities

Published on Mar 19, 2025 05:40 AM IST

ByHT Correspondent, Ludhiana

NABARD assesses ₹3.14 lakh cr as Haryana’s credit potential

As per NABARD’s state focus paper (SFP) released by Haryana chief secretary Vivek Joshi during the state credit seminar 2025-26, the credit potential under agriculture, micro, small and medium enterprise (MSME) and other priority sectors, including education and renewable energy, has a share of 35.60%, 57.12% and 7.28%, respectively.

The National Bank for Agriculture and Rural Development (NABARD) has assessed a credit potential of <span class='webrupee'>₹</span>3.14 lakh crore under priority sector lending in Haryana for 2025-26. This reflects an increase of 37.64% over the current financial year. ((Representational Image/Pixabay))

cities

Published on Jan 31, 2025 08:26 AM IST

ByHT Correspondent, Chandigarh

IPOs coming up this week: 1 mainboard, 2 SME IPOs, 8 other listings

December 2024 has also been one of the best months for IPOs with 15 mainboard IPOs launched for public subscription, sized over ₹26,000 crore

This week will see three new upcoming initial public offerings (IPOs) comprising of one mainboard IPO, along with eight other listings(Representational Image/Pixabay)

business

Published on Dec 23, 2024 11:38 AM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Major cities in Punjab to soon have exhibition centres: Harpal Singh Cheema

Punjab finance minister Harpal Singh Cheema was addressing the valedictory function and prize distribution ceremony of the 18th Punjab International Trade Expo being held in Amritsar on Sunday.

He said the Punjab government has implemented several schemes to promote industries. (HT File)

cities

Updated on Dec 09, 2024 07:42 AM IST

ByHT Correspondent, Amritsar

Nine IPOs worth ₹11,000 crore to hit Dalal Street this week: See full list

The primary market will see nine new IPOs collectively worth nearly ₹11,000 crore, along with two listings including that of Hyundai Motor India

Three companies including Hyundai Motor India, are also scheduled for listing this week(File Photo)

business

Published on Oct 20, 2024 10:38 AM IST

ByHT News Desk

U.P. International Trade Show-2024: Yogi Adityanath says Uttar Pradesh has largest MSME base in country

Yogi Adityanath emphasises that the event reflects U.P’s growing stature as a preferred destination for global trade and investments

Uttar Pradesh chief minister Yogi Adityanath and Vice President Jagdeep Dhankhar at the UP International Trade Show in Greater Noida on Wednesday. (HT Photo)

cities

Updated on Sep 25, 2024 09:37 PM IST

ByHT Correspondent, Lucknow/greater Noida

India's busiest month for IPOs in 14 years will be September 2024, RBI says

India having the highest number of IPOs in the world during 2023-24's first half was driven by a surge of interest in SME IPOs from even domestic mutual funds

Over 28 companies have entered the market so far and 54% of IPO shares were sold within a week of listing

business

Updated on Sep 21, 2024 04:02 PM IST

ByAbhyjith K. Ashokan

IIM Bangalore and King’s College London unveil collaborative research project

The project examined supply chains and access to bank credit for MSMEs, focusing on carpet-weaving handicrafts clusters in Kashmir, Rajasthan and Uttar Pradesh

The workshop highlighted key findings and explored themes such as UK-India trade, global value chains, social networks and the role of small firms in the global market (HT file)

education

Published on Sep 19, 2024 06:51 PM IST

ByHT Education Desk | Edited by Tisha Jacob, New Delhi

Boss Packaging Solutions SME IPO: 135x subscription with just 64 employees

Boss Packaging Solutions, which supplies machines for packaging, labelling, capping, and filling, receives bids worth ₹1,073 crore, despite a ₹8 crore issue

Boss Packaging Solutions updated Google with new photos of its spruced-up office.

business

Updated on Sep 05, 2024 04:36 PM IST

ByHT News Desk

Banks may soon use your digital footprint to give home loans, here's how

Banks are working on a new framework to give home loans using a person's spending patterns, mirroring the policy for MSME loans as seen in the Union Budget 2024

Banks will consider consumption or spending patterns of individuals while making their credit assessment (iStock/Hindustan Times Archive)

business

Published on Jul 27, 2024 12:47 PM IST

ByHT News Desk | Edited by Abhyjith K. Ashokan

Ludhiana: CICU celebrates International MSME Day with focus on growth and support

Deputy director MSME Ludhiana, while delivering the keynote address, emphasised the sector’s significant contribution to India’s GDP and highlighted the government’s commitment to fostering their growth

The event brought together industry leaders, policymakers, and financial institutions. (iStock)

cities

Updated on Jun 28, 2024 05:14 AM IST

ByHT Correspndent, Ludhiana

Rajnath Singh hails small industries at Bengaluru's 'India Manufacturing Show'

Rajnath Singh voiced the importance his government attaches to small-scale industries and listed out a number of decisions taken to ensure their welfare.

Union Defence Minister Rajnath Singh addresses at the ‘India Manufacturing Show-2023’, in Bengaluru on Thursday. (ANI Photo)(Rajnath Singh twitter)

cities

Published on Nov 03, 2023 11:09 AM IST

ANI | | Posted by Yamini C S

Haryana signs memorandum of agreements with RBI approved entities

Khattar said emphasised over the current need of boosting the MSMEs ecosystem through active participation of suppliers, buyers, bankers etc

Chief minister Manohar Lal Khattar (File)

cities

Updated on Oct 12, 2023 08:18 AM IST

ByHT Correspondent, Chandigarh

Centre mandates Drugs and Cosmetics Act's Schedule M for MSME pharma units

The adherence by pharma firms in the micro, small and medium enterprises sector to Schedule M will be implemented in a phased manner

“This will help in quality assurance and also reduce compliance burden,” Mandaviya said.

india news

Updated on Jul 12, 2023 02:50 AM IST

ByRhythma Kaul

Making MSMEs efficient, innovative and inclusive for growth and job creation

Author - René Van Berkel, head, UNIDO Regional Office, India, Satoshi Sasaki, officer in charge, ILO, India and Shombi Sharp, UN Resident Coordinator in India.

ht insight

Published on Jun 27, 2023 12:05 AM IST

ByHindustan Times

Maruti plant to prove a game-change for Rohtak industry: Dushyant Chautala

Speaking at ‘Rohtak metal finishers and all Rohtak industrial association’ felicitation ceremony after chairing a grievance meeting here, Chautala said special attention is being laid by the government to promote industries.

Haryana deputy chief minister Dushyant Chautala said the agriculture sector contributes 32% to the state’s Gross Domestic Product (GDP) and the manufacturing sector’s contribution rose to 36%. (HT File)

cities

Updated on Apr 15, 2023 11:42 PM IST

ByHT Correspondent, Rohtak

Industrialists worried as Sambhaji Nagar becoming the epicentre of polarisation

Violent clash on Wednesday night is a cause of worry for Industrialists of in Sambhaji Nagar, which is part of the golden quadrilateral of Maharashtra as they feel the city is becoming an epicentre of polarisation politics

cities

Updated on Apr 01, 2023 01:08 AM IST

BySaurabha Kulshreshtha

CM Naveen Patnaik to visit Japan seeking investment for Odisha

As per the chief minister’s schedule, he is expected to attend a business meeting and some other programmes in Tokyo on April 5. In Tokyo, he would stay for two days and from there he will leave for Osaka where he will attend different programmes, business and official meetings

Odisha chief minister Naveen Patnaik (PTI Photo)

cities

Updated on Mar 31, 2023 09:00 PM IST

ByDebabrata Mohanty

After 'smart recovery' from Covid, what do MSMEs expect from Budget 2023

Economic survey 2022-23 shows that Goods and Services Tax paid by Micro, Small & Medium Enterprises increased to Rs. 5.5 lakh crore in FY22 from Rs. 5 lakh crore in FY20, which even came down to about Rs. 4.7 lakh crore in FY21.

The Economic survey highlighted Covid had a significant negative impact on the sector’s performance.(HT_PRINT)

business

Updated on Jan 31, 2023 08:49 PM IST

BySingh Rahul Sunilkumar | Edited by Aryan Prakash

MSME Rohtak Recruitment 2022: Apply for 17 Engineer & other posts

MSME Rohtak will recruit candidates for Engineer and other posts. The last date to apply for the posts is till September 27, 2022.

education

Published on Sep 12, 2022 04:20 PM IST

ByHT Education Desk, New Delhi

Ready to make policy changes for small entrepreneurs: Modi

PM Narendra Modi also said the focus of the government’s policy is on the MSME sector to ensure that unique local products are able to reach the global markets and subsequently boost the Indian economy.

india news

Updated on Jul 01, 2022 02:05 AM IST

ByHT Correspondent, New Delhi

Cabinet approves USD 808 million for scheme to improve MSME performance

The World Bank-assisted programme supports various Covid-19 Resilience and Recovery Interventions.

The 'Raising and Accelerating MSME Performance’ (RAMP) is a World Bank-assisted scheme.

business

Updated on Mar 30, 2022 04:35 PM IST

Byhindustantimes.com

MSMEs now have to think big for real growth

The study has been authored by Radhicka Kapoor

Traditionally, India has supported and encouraged MSMEs as it is believed that these enterprises use labour-intensive methods of production, thereby generating the much needed employment opportunities outside the agriculture sector.

ht insight

Published on Feb 24, 2022 03:15 PM IST

ByHindustan Times

Yogi to inaugurate ISDA 2021, focus on promoting MSMEs in defence sector

Uttar Pradesh additional home secretary Awanish Awasthi, while speaking on the matter a day ago, said that the state's MSME industry can become a reliable supplier to the country's defence sector with the "right guidance" on the requirement of materials.

Uttar Pradesh chief minister Yogi Adityanath. (File Photo / HT)

cities

Published on Jul 28, 2021 06:08 AM IST

Written by Joydeep Bose, Hindustan Times, New Delhi

'Govt committed to clear MSME dues within 45 days': Nirmala Sitharaman

Talking about the Goods and Services Tax (GST) payments, finance minister Nirmala Sitharaman said in the Lok Sabha the GST Council will have to take the final decision in this regard.

Finance minister Nirmala Sitharaman has been holding review meetings on payments due to MSMEs.(Twitter/@nsitharamanoffc)

business

Published on Jul 26, 2021 01:56 PM IST

Byhindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi

India to chair BRICS 2021 trade fair, MSME roundtable

BRICS trade fair will be held from August 16-18; roundtable on July 22 and the workshops will be held on July 16 and August 13 says Commerce Ministry on Tuesday.

BRICS Trade Ministers meeting to be held on 3 September 2021, to be chaired by Piyush Goyal, the Commerce and Industry Minister.

world news

Published on Jul 20, 2021 06:18 PM IST

PTI | | Posted by Shanza Khan, New Delhi, India

UP recorded 36% jump in exports in 2020-21: State MSMEs minister

Singh said export growth is part of a conscious effort of the Yogi Adityanath government, which conceived the policy of ODOP to boost its rural economy immediately after it came to power in 2017.

Despite a 68-day nationwide hard lockdown since March 25 last year, UP achieved 0.65% growth in exports in FY-21. (Bloomberg)

india news

Updated on Jul 16, 2021 12:44 AM IST

ByRajeev Jayaswal, Hindustan Times, New Delhi

Micro, Small and Medium-sized Enterprises Day: Know history, significance

This year, the UN and its partners celebrate the important role that the entrepreneurs play in strengthening the global economy.

The contribution of MSME to Gross Domestic Product (GDP) worldwide is 50%.(Sunil Ghosh/HT file photo. Representative image)

india news

Published on Jun 27, 2021 06:37 AM IST

Byhindustantimes.com | Written by Susmita Pakrasi, Hindustan Times, New Delhi

UP CM disburses ₹2,505-cr loan to boost MSMEs impacted due to Covid-19

The Online Swarozgar Sangam is aimed at rebuilding the MSME sector to counter the devastation wreaked by the Covid pandemic on the sector.

Uttar Pradesh Chief Minister Yogi Adityanath distributes loans and tool kits to beneficiaries during an online swarozgar Sangam at his official residence in Lucknow. (ANI Photo)

cities

Updated on Jun 23, 2021 08:44 PM IST

Byhindustantimes.com | Written by Shankhyaneel Sarkar | Edited by Avik Roy, Hindustan Times, New Delhi

Validity of Udyog Aadhaar Memorandum extended till December 31

The extension would facilitate the holders of EM Part II and UAMs to avail benefits of the provisions under the various existing schemes and incentives including Priority Sector Lending benefits of MSME, the ministry said.

The MSME ministry said that it is expected that existing EM Part-II and UAM holders would be able to migrate to the new system of Udyam Registration.(Sunil Ghosh/HT file photo. Representative image)

business

Published on Jun 17, 2021 10:33 PM IST

Byhindustantimes.com | Written by Deepali Sharma | Edited by Poulomi Ghosh, Hindustan Times, New Delhi

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Latest from msme

Dhillon pointed out that in Chandigarh, consumers pay only ₹30 per month and in Delhi, the maximum fixed charge is ₹100 per month; however, in Punjab, consumers are paying ₹800-900 per month, which he termed as excessive and unfair

December 2024 has also been one of the best months for IPOs with 15 mainboard IPOs launched for public subscription, sized over ₹26,000 crore

Punjab finance minister Harpal Singh Cheema was addressing the valedictory function and prize distribution ceremony of the 18th Punjab International Trade Expo being held in Amritsar on Sunday.

The primary market will see nine new IPOs collectively worth nearly ₹11,000 crore, along with two listings including that of Hyundai Motor India

Yogi Adityanath emphasises that the event reflects U.P’s growing stature as a preferred destination for global trade and investments

India having the highest number of IPOs in the world during 2023-24's first half was driven by a surge of interest in SME IPOs from even domestic mutual funds

The project examined supply chains and access to bank credit for MSMEs, focusing on carpet-weaving handicrafts clusters in Kashmir, Rajasthan and Uttar Pradesh

Boss Packaging Solutions, which supplies machines for packaging, labelling, capping, and filling, receives bids worth ₹1,073 crore, despite a ₹8 crore issue

Banks are working on a new framework to give home loans using a person's spending patterns, mirroring the policy for MSME loans as seen in the Union Budget 2024

Deputy director MSME Ludhiana, while delivering the keynote address, emphasised the sector’s significant contribution to India’s GDP and highlighted the government’s commitment to fostering their growth

Rajnath Singh voiced the importance his government attaches to small-scale industries and listed out a number of decisions taken to ensure their welfare.

Khattar said emphasised over the current need of boosting the MSMEs ecosystem through active participation of suppliers, buyers, bankers etc

The adherence by pharma firms in the micro, small and medium enterprises sector to Schedule M will be implemented in a phased manner

Author - René Van Berkel, head, UNIDO Regional Office, India, Satoshi Sasaki, officer in charge, ILO, India and Shombi Sharp, UN Resident Coordinator in India.

Speaking at ‘Rohtak metal finishers and all Rohtak industrial association’ felicitation ceremony after chairing a grievance meeting here, Chautala said special attention is being laid by the government to promote industries.

Violent clash on Wednesday night is a cause of worry for Industrialists of in Sambhaji Nagar, which is part of the golden quadrilateral of Maharashtra as they feel the city is becoming an epicentre of polarisation politics

As per the chief minister’s schedule, he is expected to attend a business meeting and some other programmes in Tokyo on April 5. In Tokyo, he would stay for two days and from there he will leave for Osaka where he will attend different programmes, business and official meetings

Economic survey 2022-23 shows that Goods and Services Tax paid by Micro, Small & Medium Enterprises increased to Rs. 5.5 lakh crore in FY22 from Rs. 5 lakh crore in FY20, which even came down to about Rs. 4.7 lakh crore in FY21.

MSME Rohtak will recruit candidates for Engineer and other posts. The last date to apply for the posts is till September 27, 2022.

PM Narendra Modi also said the focus of the government’s policy is on the MSME sector to ensure that unique local products are able to reach the global markets and subsequently boost the Indian economy.

The World Bank-assisted programme supports various Covid-19 Resilience and Recovery Interventions.

The study has been authored by Radhicka Kapoor

Uttar Pradesh additional home secretary Awanish Awasthi, while speaking on the matter a day ago, said that the state's MSME industry can become a reliable supplier to the country's defence sector with the "right guidance" on the requirement of materials.

Talking about the Goods and Services Tax (GST) payments, finance minister Nirmala Sitharaman said in the Lok Sabha the GST Council will have to take the final decision in this regard.

BRICS trade fair will be held from August 16-18; roundtable on July 22 and the workshops will be held on July 16 and August 13 says Commerce Ministry on Tuesday.

Singh said export growth is part of a conscious effort of the Yogi Adityanath government, which conceived the policy of ODOP to boost its rural economy immediately after it came to power in 2017.

This year, the UN and its partners celebrate the important role that the entrepreneurs play in strengthening the global economy.

The Online Swarozgar Sangam is aimed at rebuilding the MSME sector to counter the devastation wreaked by the Covid pandemic on the sector.

The extension would facilitate the holders of EM Part II and UAMs to avail benefits of the provisions under the various existing schemes and incentives including Priority Sector Lending benefits of MSME, the ministry said.

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