The budget is well balanced since it gives impetus to long term growth and lays a credible road map of fiscal consolidation. It adheres to fiscal deficit target of 3.5% of GDP and has come out of prudence on the backdrop of global economic conditions with a bundle of tax measures to put private d…
Tag: MSME
Bengal marches ahead with glory in MSME sector | West Bengal Govt
West Bengal Government said that the MSME (Medium, Small and Micro Enterprises) is one of the sectors in the state which has done particularly well. There are about 50,850 MSME units in the State, employing about 5,45,000 people. Chief Minister Mamata Banerjee created the Biswa Bangla brand and s…
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…
Karnataka SMEs seek separate electricity tariff, urge solar use
Small and Medium Enterprises (SMEs) and Small Scale Industries (SSI) have sought separate electricity tariff. “SMEs and SSI consuming 40HP and below or 2,000 units should be brought under separate tariff plan,” KS Mallappa Gowda, Chairman (Sub-Committee, Energy), Karnataka Small Scale Industries …
Budget 2016 | Quotable Quotes
“Finance Minister spent a considerable amount of time in trying to address the rural distress and the difficulties being faced by the farmers. The emphasis on the budget on various schemes and ideas, which including for instance the linking of the MNREGA scheme to rural challenges, is very signif…
If India has to grow, we need to have strong SME rating fundamentals | Varun Mirchandani, ED, ONICRA
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…
Intricacy at its peak in Surajkund Mela
Surajkund Mela, World’s largest handicrafts fair, was cynosure of all eyes this year with artists from across the country showcasing their prowess in intricate work, be it sari, ivory, brassware, wood carvings or handmade potteries. The fortnight long Mela, hosted by Haryana Government for 30 yea…
MSME to focus on special needs of north east | Kalraj Mishra
Union Minister of Micro, Small & Medium Enterprises (MSME) Kalraj Mishra on February 26 called upon the eight states of the North East Region to take proactive steps in bringing forth larger number of proposals under the various schemes of his ministry. Inaugurating the ‘Regional Conclave of …
SMEpost.com & WASME forge strategic alliance; announce Super SME Awards 2016 India
February 27, 2016 | World Association for Small and Medium Enterprises (WASME) the first Indian global civil society organization representing SMEs in the global landscape and SMEpost.com, arguably India’s first SME sector focussed digital media platform have signed a Memorandum of Understanding …
Lendingkart joins hands with craftsvilla.com for loans to its sellers
Lendingkart, a online platform that facilitates Small and Medium Enterprises (SMEs) in obtaining working capital loans, has tied up with Craftsvilla.com. The association will facilitate easy and collateral-free working capital loans to Craftsvilla’s sellers seeking monetary assistance. Mumb…