Finance has typically been one of the areas of concern for the SME sector. One of India’s leading finance company, Dewan Housing Finance Ltd (DHFL), has lately expanded its portfolio by entering into SME lending segment. SMEpost.com caught up with Harshil Mehta, CEO of DHFL, in an exclusive conve…
Tag: GDP
Revenues of sugar industry projected to increase to INR 1,033 billion in FY’2020 | Ken Research
According to the Research Analyst Ken Research Sugar is also known as the common sweetener which is consumed in large quantities across the globe. Sugar industry constitutes one of the most important agro based industries in India. It has been witnessed that the sector supports over 50 million fa…
Thomas Cook India partners with Western Union to assist SMEs
Thomas Cook (India) has announced a collaboration with Western Union Business Solutions to assist Small and Medium-sized Enterprises (SMEs) in India with their trade payments across borders. According to KPMG, SMEs have emerged as one of India’s largest growing sectors, with a significant G…
Budget 2016 ensures ‘Small is Big’; SME tax exemption limit elevated
In view with the growing demand to push the statistically proven economy drivers of the nation, government has unveiled Budget 2016, proposing to offer tax exemptions for SMEs. Units with turnover of up to Rs. 2 crore will have the benefit of the pitch. The threshold is twice the previous limit u…
Varun Mirchandani, ONICRA ED | Budget well balanced, focuses on SMEs
With an estimate over 57.7 million, Indian MSMEs contribute 8% to the total Gross Domestic Product (GDP) and account for 40% of the total Indian exports. MSMEs lead to entrepreneurial development and diversification of the industrial sector. Budget 2016 has tried to, and has, well-balanced the ec…
CRISIL | Budget is fiscally prudent, socially redistributive
CRISIL’s Budget analysis: ■ Fiscal math mostly ties up The government has done a fine balancing act and maintained its credibility by sticking to the Fiscal Responsibility and Budget Management (FRBM) target of bringing down fiscal deficit to 3.5% of GDP in fiscal 2017 after having met the 3.9% t…
Budget 2016 | Key Highlights
Majorfocus on agriculture and farmers’ welfare, Mission to provide LPG connection to poor households, New health protection scheme, increased outlay for infrastructure, 2.87 Lakh crore Grant in Aid to Gram Panchayats and Municipalities. Setting up of 1500 Multi Skill Training Institutes and incen…
Anis Chakravarty,Deloitte Lead Economist | More could have been done for MSMEs
The Finance Minister has announced the Budget 2016 largely focused on a healthy dose of circumspection in light of an adverse global economy and a focus on the basic and poorer constituents of the Indian economy. Though there were initial apprehensions on meeting the fiscal consolidation plan, he…
FICCI & TSMG Study on plastic industry throws interesting insight
Organized retail and boom in e-commerce to fuel growth of plastic packaging, per capita consumption to be doubled in five years. Myth regarding the polluting characteristic of plastic needs to be addressed in a scientific manner. A report prepared by FICCI and Tata Strategic Management Group (TSM…
Food processing sector comprising SMEs contributing towards growth
Food processing sector largely comprising units under SMEs has emerged as an important segment of the Indian economy in terms of its contribution to GDP, employment and investment. Food Processing Industries Minister Harsimrat Kaur Badal has said. It constitutes 9-10% of the GDP in manufacturing …