New Delhi: An interest rate subsidy of Rs 1 crore to Micro and Small Enterprises (MSEs) can generate nearly thrice as much in indirect taxes, create 38 jobs, and also increase revenue and profitability of MSEs in the near-term, an analysis by CRISIL SME Ratings said here on January 24. Putting it…
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Demonetisation hit SME sectors output, wages: Report
New Delhi: SME sector witnessed slowdown post demonetisation, resulting in fall in production, wages and employment, according to a study by the India Development Foundation. However, there has been no “discernible impact” on prices and supply of agriculture commodities, the research …
India may face the heat to open up an e-Commerce sector
India is likely to face pressure from developed countries to open up its e-commerce sector. G-20 has for the first time asked various countries, including India, their views on e-commerce. In three issue notes circulated to the governments of member countries, the forum has asked for views on enh…
SME loan portfolio to witness 15% growth
Coimbatore: Despite remaining flat till December 2016, the loan portfolio for Small and Medium Enterprises (SMEs) is expected to register 15 per cent growth this fiscal, a top official of Lakshmi Vilas Bank said. LVB extended loans worth Rs 1,000 crore to Rs 1,500 crore to SMEs in the last fiscal…
Security tech start-up Seclore bags three deals from govt
Bengaluru: Security tech startup Seclore Technology, which provides enterprises with digital rights management solution, sees huge business opportunity in the Indian security space. The Sistema Asia Fund-backed startup has recently signed up with three security-based projects with the Indian gove…
Budget 2017: Float feasible policies to smoothen business challenges for SMEs
Indian SME is undoubtedly a strong contributor to the economy. The SME sector generates significant employment while inputting considerably to the industrial output. While the union government continues to float policies and schemes to smoothen business challenges for the SME, there are further h…
Need for promotion of API industry & SMEs to boost pharma industry: IDMA
Apart from promoting pharmaceutical clusters, there are issues related to the API industry which need to be addressed in terms of environmental compliance, power and water costs, grant of compulsory licenses, central and state financial grants for CETPs. These were some of the thoughts deliberate…
Start-Up India is open for all|DIPP Secretary Ramesh Abhishek
The start-up revolution has taken over the country. Started on January 16, 2016 as an initiative to push the spirit of ‘self-employment’, the leg up of Start-Up India has been phenomenal. The journey has witnessed a humongous share from Department of Industrial policy and Promotion (DIPP), under …
Budget 2017 to focus on rural economy, skill development & incentives for cashless transactions: Dun & Bradstreet
Q-induced shock has derailed the consumption growth story and Budget 2017 is likely to focus on rural areas and agriculture to revive the economy, says Dr Arun Singh, Lead Economist at Dun & Bradstreet. Online’s Smriti Jain, Dr Singh talks about what Finance Minister Arun Jaitley should focus…
XLRI to host national conference on social entrepreneurship
Jamshedpur: The 9th National Conference on Social Entrepreneurship is being hosted by XLRI – Xavier School of Management from January 27 to 29. Around 150-170 social entrepreneurs, development sector professionals, policy makers, academicians and management students are expected to assemble and c…