Rating of SMEs has worked wonders in getting bank loans and there are empirical evidence to suggest ratings have changed thousands of SMEs into vibrant enterprises with commercial banks coming forward to provide them loans hand-hold them during difficulties. Rating agency ONICRA Executive Directo…
Tag: Budget 2016
WASME for more flexibility to MSMEs in the Budget
World Association for Small and Medium Enterprises (WASME) seeks a flexible Budget for MSMEs to extend support to the sector’s development. “Without MSME we can’t think of our economy and development. We have to be flexible”, says WASME ED Sampa Banerjee. Government has initiatives like Prime Min…
FIEO asks fiscal benefits for MSME exporters in Budget 2016
Apex exporters body FIEO today suggested the government to extend fiscal benefits to Micro, Small and Medium Enterprises (MSMEs) to boost exports from the sector. MSME sector contributes about 45 per cent to the country’s total exports. “MSME exporters may be provided additional expor…
Amidst a muted global economic scenario, this growth is encouraging | FICCI President on Eco Survey 2015-16
New Delhi, 26 February 2016: The Economic Survey 2015-16 tabled today in the Parliament has highlighted that India’s potential growth rate is in the range of 8 to 10 percent and achieving the same requires a push in three critical areas which are promoting entrepreneurship and reducing the role …
Xavient looks forward to job creation via Budget-2016
Global IT consulting and Software Services Company Xavient has demanded tax sops to companies in 2016 budget for encouraging employment. “All eyes are on the Budget 2016-17 this February. One of the very obvious expectation that is taking the rounds is initiated by Prime Minister’s idea of creati…
Growth liberating Budget sought by Advaiya
Advaiya, a company providing marketing and productivity services to enterprises and technology companies across globe, seeks a budget that delivers on growth with fiscal prudence. The falling oil prices should be taken advantage to bridge the global competitiveness gap and pump-prime the economy …
Railway Budget 2016 pragmatic; new sources of revenues, new norms and new structures appreciable: PHD Chamber
President PHD Chamber of Commerce and Industry, Dr. Mahesh Gupta, has described the Railway Budget 2016-17 a pragmatic one which has well-defined strategies and stresses on modernization, employment generation, freight movement, socio-economic welfare and private participation. “The employment fo…
Rail budget visionary but pending projects need to be expedited for supplementing exports logistics| S C Ralhan, President, FIEO
S C Ralhan, President, FIEO while commenting on the Railway Budget 2016-17 stated that it envisions/conceives the strategy of Nav Arjan – New revenues; Nav Manak – New norms; Nav Sanrachna – New Structures towards achieving its objectives of transforming the railways with the ambitious target of …
FIEO’s Budget Proposals envisages enabling & empowering MSMEs
Inverted duty structure in respect of various items including Electronic Goods, Toys and Chemicals may be given due consideration in the Union Budget as it not only effects exports but also the manufacturing sector and adversely hit Make in India. The actual refund mechanism for service tax is c…
MSME Growth to be New Mantra of Govt | President Pranab Mukherjee
President Pranab Mukherjee has indicated MSME development, which has large-scale job creation potential, will be the new mantra of the Prime Minister Narendra Modi Government which presents its second full budget on February 29. In his address to the joint sitting of Parliament, Mukherjee said Mo…