msme Tag

January 13, 2022 In Channels, Explainers, Legal, MSME/Startups, Others, Others, Sectors, SME/MSMEs, Video By editor

Cosmetic Rules 2020 | #Explainer | LawWiser | Phoenix Legal

#Watchnow LawWiser’s #Explainer where Ritika Ganju, Partner, Phoenix Legal, takes us through the “Cosmetic Rules, 2020”.

Cosmetics although a substantial industry has been regulated thus far alongside drugs under the provisions of the Drugs and Cosmetic Act, 1940. With a huge range of international brands and booming domestic cosmetic production, it became inevitable for the regulator to streamline the regulatory process and procedures separately for cosmetic industry.

The Cosmetic Rules, 2020, issued by the government under the provisions of the Drugs and Cosmetic Act is the first step for streamlining the processes dedicated to cosmetics.

Watch Ritika succinctly explaining the objective of these rules and when do the rules become effective and how they affect the validity of approval’s/licenses issued prior to the new rules becoming effective.

To understand this and much more, watch the full video on the link given below. #cosmetic #lawwiser #phoenixlegal #cosmeticrules2020 #cosmeticlaw #drugsandcosmeticsact #legalknowledge #explainervideo #law2022 #legal

January 10, 2022 In Channels, Ecommerce, Legal, MSME/Startups, Others, Sectors, SME/MSMEs, Video By editor

MSME Request Changes In Amendments of E-Commerce Rules

There have been amendments to e-commerce laws, such as the Consumer Protection (e-commerce) rules 2020.

However, the MSME sector based on issues faced by them have raised queries on these new provisions. Tune into the latest video where #LawWiser takes you through the #QuickByte on “MSME Request Changes in Amendments of E-Commerce Rules”.

In this video, Prabhjot Singh shares some insights related to issues of the MSME sector, such as, -tracking and restriction of sales -appointment of the Grievance officer concerning the online sales.

Watch this full video as he also shares, how the online platforms have become essential for MSMEs to stay afloat in the market.

January 6, 2022 In Channels, Healthcare and Pharma, Legal, MSME/Startups, Quick Bytes, Sectors, SME/MSMEs, Taxation, Tracks, Video By editor

PLI Scheme to Benefit Pharmaceutical Sector

The Ministry of Chemicals and Fertilizers has announced that 55 pharmaceutical companies are likely to get benefitted from the Production-Linked Incentive scheme for pharmaceuticals which is part of the government’s flagship Atmanirbhar Bharat Plan. This scheme will help in enhancing India’s manufacturing capabilities and exports in ten sectors.

The financial outlay for this Production- Linked Incentive (PLI) Scheme is Rs 15,000 crore. This PLI scheme aims to enhance India’s manufacturing capabilities and also exports in ten different sectors which were approved by the Union Cabinet.

The Cabinet approved this scheme on February 24, 2021. The operational guidelines inviting applications for the pharmaceutical industries were issued on June 1, 2021. They were issued by the Department of Pharmaceuticals after consulting thoroughly with related departments, industries, and NITI Aayog. A total of 278 applications were received by 31st August on the scheme out of which 55 applicants got selected.

Watch Avani Shukla from LawWiser helps us understand different aspects related to it such as –

1. Aim of the PLI scheme

2. Invitation of applications for the PLI scheme and different categories associated with it

3. How is it going to benefit the pharma sector?

Tune into the video to learn and understand more about the scheme.

January 5, 2022 In Channels, Legal, MSME/Startups, Others, Sectors, SME/MSMEs, Video By editor

Closure of Plants in China – Opportunity for Indian MSME

China has experienced mass evacuation of foreign companies due to A mixture of longstanding issues and new challenges. It includes high tariffs, Covid-19, and increased geopolitical tensions. Moreover, the pace of companies leaving China is accelerating, causing a “ripple effect”.

Tune into this latest video where #LawWiser takes you through the quick byte on “Closure of plants in China: Opportunity for Indian MSMEs”

In this video, Aditi shares valuable insights in which she discusses some crucial points such as:-

🌐 MSME Sector in India

🌐 Why do MSME’s need a leg up in India

🌐 The Opportunity for MSME’s and the Country’s Economy

She tells us that India’s manufacturing share is nearly six percent. If MSMEs add another 10 percent, the country’s GDP will increase significantly, and this will help the country become a superpower.

January 4, 2022 In Channels, Legal, MSME/Startups, Others, Sectors, SME/MSMEs, Video By editor

Key Regulations for MSME | MSME Regulations | LawWiser

Notably, India has seen imperative growth in the employment sector mainly because of MSME. If we go with statistics, there are 63.05 million micro industries, 0.33 million small enterprises, and nearly 5,000 medium enterprises. Tune into the latest video where #LawWiser takes you through the quick byte on “Key Regulations for MSME’s”. In this video, Prabhjot Singh shares some insights related to key regulations for MSME’s, such as

🔘 Laws of equal opportunity for all

🔘 Code on wages

🔘 Laws for the underprivileged sector

🔘 Code on Occupational safety, health and working conditions

🔘 Codes on social security He also shares, when these regulations were introduced and whether they have been notified.

Stay tuned with LawWiser for more such content

December 28, 2021 In Channels, Labour Law, Legal, MSME/Startups, Others, Policy and Regulatory, Sectors, SME/MSMEs, Video By editor

Exploring Changes in Labour Codes : South-East Asia | #InConversation

With advancements in technology and challenges posed by the pandemic, many laws have been revisited for adaptability and effective implementation.

One such direction focuses on labour protection and creating flexibility in the market to ease business. Watch # LawWiser latest #Inconversation video on “Exploring changes in labour codes: South East Asia” with Ojasvita Srivastava, General Counsel at Securitas AMEA and our host Avani Shukla.

Ojasvati briefly shares the insights such as comparing the labour codes with International standards and how Vietnam has dealt with labour protection aspects which emerged due to the new labour code.

She also answers a question related to Which South Asian country is pioneering robust labour laws and some key takeaways for other jurisdictions.

December 14, 2021 In Channels, Legal, MSME/Startups, Others, Sectors, SME/MSMEs, Video By editor

Supreme Court on Changes in Policy Terms & Government on PLI Linked Scheme

LawWiser Tune into the latest video where LawWiser takes you through the updates related to “SC On Changes In Policy Terms” and “Government On PIL Linked Scheme”.

Watch Prabhjot Singh sharing the update on the policy changes wherein the Supreme Court has held that an insurer is clearly under a duty to inform policyholders about changes in terms of the policy during renewal, and failure to do so would amount to deficiency in service under the Consumer Protection Act, 1986.

In the second update, the government is planning to introduce the Production Linked Incentive Scheme, which is yet to be considered for approval by the cabinet.

As per the Production Linked Incentive Scheme, the government is planning to provide incentives worth Rs 76,000 crore towards setting up over 20 semiconductor design, components manufacturing, and display fabrication (fab) units over the next six years in a bid to make India a hub for electronics.

December 14, 2021 In Channels, Legal, MSME/Startups, Quick Bytes, Sectors, SME/MSMEs, Taxation, Tracks, Video By editor

Increase in GST Rates of MMF Textiles | #QuickBytes

The Ministry of Textiles notified the uniform goods and services tax (GST) rate on MMF, MMF yarn, MMF fabrics, and apparel.

These Changed tax rates will come into effect from January 1, 2022. Currently, the tax rate on MMF, MMF yarn, and MMF fabrics is 18 percent, 12 percent, and 5 percent, respectively.

Watch this video featuring Aditi Aggarwal, #LawWiser, where she explains what is the new reform and what was the need to bring changes to MMF Textiles.

She further explains what would be the possible implications of these new reforms.

#StayTuned for more legal updates

November 24, 2021 In Channels, Legal, MSME/Startups, Others, Sectors, SME/MSMEs, Video By editor

EESL & MSME Tie-up

#Watch our latest video on LawWiser about the tie up between EESL & MSME.

The State-owned EESL (Energy Efficiency Services Limited) has collaborated with the Global Environmental Facility (GEF), MSME ministry, and the United Nations Industrial Development Organization (UNIDO) to implement a national project for MSME sector.

The project is aimed to deploy 35 energy efficient technologies which have maximum possibility of replication and potential to improve the energy productivity of fellow MSMEs units. #staytuned to #LawWiser for more such updates.

October 21, 2021 In Channels, Corporate Commercial, Ecommerce, Legal, MSME/Startups, Sectors, SME/MSMEs, Tracks, Video By editor

Defective Products and Liability of E-Commerce Platform

Watch our new U-special video on Defective Products and Liability of E-Commerce Platform by Nidhi, a alumni of the Faculty of Law, Jamia Milia Islamia University.

Tune to watch as Nidhi explains the concept of Defective products and liability of e-commerce. She discussed inclusion of e-commerce under the ambit of the Consumer Protection Act, 2019 and Consumer Protection E-commerce Rules, 2020. She further highlights rulings of different Consumer dispute redressal commissions to understand their views on e-commerce liability.