MSME/STARTUPS

New Schemes in Pharma Sector for MSMEs

To encourage investment, research & innovation, to enable the sector to develop futuristic products and ideas, the Government has released announced 3 new schemes for MSMEs in the Pharma Sector. The aim is to strengthen the MSMEs in the Pharma sector by providing support in

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Making of a unicorn | LawWiser | India Business Group (IBG)

The term Unicorn has found a new definition with the rise of startups around the world. And India is not far behind, having recorded more than 100 Startup Unicorns valued at around $340 Bn combined, the list is only growing! LawWiser in collaboration with India

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The Electricity Amendments Bill 2021 aims to revive the sector while focusing on the 4 Cs—customer, competition, compliance and climate. New rules were published by the Ministry of Power to ensure the sector’s economic viability, reducing financial stress among numerous stakeholders.  Renewable energy projects, such

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The entrepreneurial and managerial development of SMEs through incubators scheme comes under the Ministry of Micro, Small and Medium Enterprises of the Government of India.The main aim of the scheme is to support innovators and further facilitate funding for all the business incubators.Watch LawWiser video

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Niti Aayog has released a draft battery swapping policy, which proposes and talks about incentives to be provided to Electric vehicles. It includes a wide range of incentives ranging from swappable batteries to setting standards for interoperable batteries. It is a mechanism where discharged batteries

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Obligations for MSME and Qualifying Criteria

The micro, small, and medium enterprises development act of 2006 (MSMED) is a single comprehensive act for the development and regulation of micro, small and medium enterprises (MSME).  Tune into the LawWiser premium video on “Obligations for MSME and Qualifying Criteria” by Ojasvi Dhamija. In

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Ban on single-use plastics

The Ministry of Environment, Forest and Climate Change, Government of India, has notified the Plastic Waste Management Amendment Rules, 2021. Pollution caused by single-use plastic objects has become a major environmental issue that all countries are grappling with. India has pledged to take steps to

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ECLGS

The ECLGS aims to provide 100 percent guaranteed coverage to the banks, non-banking financial institutions (NBFC’s), and other lending institutions to enable them to extend emergency credit. Over time it has evolved into three different versions ECLGS 1.0, ECLGS 2.0 and ECLGS 3.0. Tune into

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Mandatory registration for msme

Is it mandatory for MSMEs to get register under the Micro, Small and Medium Enterprises Development Act, 2006?  Watch LawWiser video on Mandatory Registration for MSME with Avani Shukla, Lawyer & Growth and collaborations at lawWiser. She helps us understand this with the help of

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The Reserve Bank of India has instructed all the regular entities lending to the microfinance sector to ensure that the loans are collateral-free and not protected by a lien on the borrower’s deposit account.  Tune into the #LawWiser premium video on “RBI Directions for Microfinance

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Compliances in MSME Food Processing

MSMEs working in the food processing unit are required to comply with certain requirements as given under the Food safety and standards act.  Watch LawWiser video on Compliances for MSMEs – Food Processing  with Avani Shukla, Lawyer & Growth and collaborations at lawWiser. In this

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Recently there were two main amendments made in the Food Safety and Standard (Food Products Standards and Food Additives) Regulations.  The Food Safety and Standards Authority of India (FSSAI) has issued the Draft Food Safety and Standards (Food Products Standards and Food Additives) Amendment Regulations,

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In India, on an average approx. 12 billion new vehicles are added annually that spew noxious pollutants and at the same time huge number of automobiles are becoming old which further accelerates the growth of pollution.   One of the major highlights of Union Budget 2021-2022

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Understanding MSME and SME

We have often heard terms like MSME and SME around us. But do we understand what is the meaning of these terms appropriately? Watch LawWiser video on Understanding MSME and SMEs with Avani Shukla, Lawyer & Growth and collaborations at lawWiser. In this video, Avani

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The Ministry of MSME has released a draft of the National Policy for Micro, Small and Medium Enterprises (MSMEs) in India, which is expected to bring competitiveness, technical advancement, infrastructural development and specialized finance aid. Watch #LawWiser premium video on “8 action areas in MSME

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What is Factoring and the benefits of Factoring Regulation (Amendment) Bill 2021

Factoring is a transaction in which one entity, known as the factor, has its receivables paid by another business, the transferor.  Tune into #LawWiserPremium on “What is Factoring and the benefits of Factoring Regulation (Amendment) Act 2021″ where Prabhjot Singh enlightens us about Factoring amendment

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The Haryana State Employment of Local Candidates Act, 2020 (the “Act”) and the Haryana State Employment of Local Candidates Rules, 2021 (the “Rules”), imposed a 75 percent reservation requirement in employment for local candidates (i.e., candidates domiciled in the State of Haryana) earning INR 30,000

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Understanding the Need for National Logistics Policy

The Indian logistics sector employs more than 22 million people, and upgrading the sector will result in a 10% reduction in indirect logistics costs, resulting in a 5 to 8% increase in exports. The proposed National Logistics Policy (NLP) aims to streamline and develop India’s

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The Ministry of Micro, Small and Medium Enterprises has notified the Micro, Small and Medium Enterprises (Amendment) Rules, 2022 to further amend the Micro, Small and Medium Enterprises Fund Rules, 2016. Watch #LawWiser Premium on “MSME Amendment Rules, 2022” featuring Prabhjot Singh sharing useful insights

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There’s a lot of buzz about getting into an accelerator/ incubator program in the startup ecosystem. It is critical for the startups to get all the help especially at the beginning. We got you covered in #LawWiser‘s latest Fireside Chat on Startups & Incubators with

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registrations and compliances for healthcare MSME

It won’t be wrong to refer to this sector as the backbone of the country, one which the government has worked towards strengthening. Especially with the advent of the Atma Nirbhar Bharat Abhiyan or the Self-Reliant India Scheme of 2020 by the Government of India,

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The share of MSMEs in GDP has not only remained high but has increased over the years.  But MSMEs are not only contributing to the GDP kitty, they have become big partners of India’s export growth, with a 48% share in 2018-19. Post-covid many policies

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The medical devices sector has been receiving a lot of impetus for promoting its domestic manufacturing. For this, the government of India has released various schemes. Watch all the details on these schemes in #LawWiser video on MSME in the Medical Devices Sector with Neeraj

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Major segments of the pharma industry in which MSMEs can make a mark are generic drugs, OTC medicines, and APIs, bulk drugs, vaccines, contract research, biosimilars and biologics. The Department of Pharmaceuticals aims to make India a leader in end-to-end drug production.  All medical devices

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We all are aware of the role of MSMEs in shaping the Indian economy and now they also have various opportunities to tap globally. The Government of India has been consistently working with various countries such UK, Japan, Australia, the UAE, the European Union and

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Digital Piracy & Dilemma Around the Copyright Act | LawWiser

As per a report by Digital TV Research, the loss of revenue for OTT players on account of piracy in India is expected to hit USD 3.08 billion by 2022, while the cost of global online streaming piracy will reach USD 52 billion by 2022.

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#WorldIntellectualPropertyDay2022 is observed on April 26 every year to create awareness about how patents, copyrights, trademarks, designs and geographical indications impact everyone. And also to celebrate innovation and creativity contributed by various creators and innovators. On the occasion of World Intellectual Property Day (April 26),

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Know all the Jazz about NFT and Art in #LawWiser‘s fireside chat. Watch the full feature on All about NFTs and Art with with renowned artist and sculptor @Arzan Khambatta and @Anuradha Chowdhary, Tech Lawyer, @Universal Legal. Anuradha very succinctly explains what NFT means and

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Lawyers are always learning and adapting to new laws. Over time depending on opportunities, they also adapt to different roles from law firm professional to independent to in-house counsel. The role of an #inhouse counsel as we know is diverse and they work with a

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