ForumIAS LATEST
- 04 June | MGP Strategy Series | GS Paper 4 (Ethics) with AIR 7 A.R. Rajah Mohaideen Click Here to register for the session →
- 04 June | GS Advance Program begins from 4th June 2026 | First 2 classes open to all Click Here to register for the event →
- 05 June | MGP Strategy Series | GS Paper 3 Strategy Session with AIR 406 Mannat Luthra Click Here to register for the session
- 06 June | Open Orientation on Essay Guidance Program (EGP 2026) Click Here to register →
- 07 June | Open Orientation for Current Affairs for Mains 2026 Click Here to register →
- 07 June | Sociology Optional Strategy Session with AIR 10 Ujjwal Priyank Click Here to register →
- Finance minister has announced several measures to provide some relief to Micro,Small and Medium Enterprises(MSMEs) sector.
- Finance Minister has announced that all pending Goods and Services tax(GST) dues for the MSME sector shall be cleared within 30 days.In the future,all such dues would be cleared within 60 days of application.
- Further,the banks will issue improved (one-time settlement) OTS policy to help MSME and retail borrowers settle their overdues.This will help in increasing transparency, reduce harassment as well as assist in improving turnaround time for customers.
- The government has also planned to amend the MSME Act to provide a single, holistic definition for MSMEs.
- The MSMEs are small sized entities defined in terms of their size of investment. Currently, MSMEs are classified in terms of investment made in plant and machinery if they are operating in the manufacturing sector and investment in equipment for service sector companies.
- However,MSME (Amendment) Bill,2018 which has not been passed yet proposes a uniform classification for all MSMEs.Under the Bill,all MSMEs whether they are manufacturing or service-providing enterprises will be classified on the basis of their annual turnover.
