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nirbhay kumar

Nirbhay Kumar

These new codes would eventually create a permanent cadre of insecure and temporary employees, some experts believe

India Inc. loves new labour codes; experts say they will promote 'ease of closing business'

by Nirbhay Kumar |Sep 26, 2020

The Code on Industrial Relations allows companies with up to 300 workers to fire them without prior government approval; they also make it difficult for unions to go on strike without prior 60-day not...

The move is aimed at providing level-playing field to manufacturers in the state who are considered to be at disadvantageous position compared to those operating from a coastal state or closer to ports

Uttar Pradesh plans new export policy; Alibaba's proposal to onboard local firms on hold

by Nirbhay Kumar |Nov 23, 2020

"We have proposed to increase freight subsidy under the new export policy. We are providing it already to make products competitive," Navneet Sehgal, Additional Chief Secretary (MSME and Export Promot...

Federation of Indian Micro and Small & Medium Enterprises (FISME) has identified 660 products imported from China with import value of each product above $1 million. The aggregate value of imports amount to $10 billion

MSMEs body demands protection against cheap Chinese imports for 660 products

by Nirbhay Kumar |Nov 19, 2020

Local manufacturers who could benefit include makers of auto components, furniture, cast items of iron and steel, ceramic items, bags and briefcase, among other items

As per the EoI document floated by DIPAM early this year, Air India had a total debt of Rs 60,074 crore as of March 31, 2019

Amit Shah-led panel to discuss Air India sale; extension of EOI deadline on agenda

by Nirbhay Kumar |Oct 23, 2020

The meeting is crucial given that no private investor has so far shown keen interest in acquiring the debt-laden carrier forcing the government to extend bidding date thrice

Nirmala Sitharaman, Union Finance Minister

Govt's bank guarantee release move sees limited success; highway developers get relief, MSMEs complain

by Nirbhay Kumar |Oct 22, 2020

FM Sitharaman, while announcing relief measures under Atmanirbhar Bharat package, said that government agencies would partially release bank guarantees, to the extent contracts are partially completed...

Taxmen delay GST refunds on 'flimsy grounds' amid revenue crunch, companies allege

by Nirbhay Kumar |Oct 20, 2020

While refunds for 'risky' exporters have been a contentious issue, tax consultants with sizeable client base said that technical glitches are also being cited for pending GST refunds

A combination of issues, primary being sharp fall in imports, has resulted in massive shortage of containers in the country

Exporters struggle for containers after imports crash 19.6%; price shoots 50-100%

by Nirbhay Kumar |Oct 19, 2020

With foreign trade pattern changing drastically over the last few months in the wake of global supply disruptions and demand slump among other key factors, lower imports have resulted in fewer contain...

The Ministry stated that more than Rs 13,400 crore have been paid by Central Public Sector Enterprises (CPSEs) alone in the last five months

'Clear MSMEs' dues this month': Govt tells 2,800 companies

by Nirbhay Kumar |Oct 19, 2020

Government feels if big companies clear their dues, MSMEs will be able to revive their business during festive season

MSMEs bat for opening payment dispute councils to medium enterprises

by Nirbhay Kumar |Sep 24, 2020

MSMEs have called for allowing medium enterprises to access Micro and Small Enterprises Facilitation Councils, a mechanism to settle payment disputes open only to micro and small enterprises so far

Festive season starting this month is expected to give further fillip to the logistics and transport business

Logistics firms expect robust growth on increased demand in festive season

by Nirbhay Kumar |Oct 15, 2020

With festive season stoking demand for consumer items, logistics firms expect stellar growth in the remaining part of the fiscal and plan to substantially increase their headcount