After pitching for a two per cent cut in RBI’s interest rate, Commerce Minister Nirmala Sitharaman has said banks have not sufficiently understood the problems faced by Small and Medium Enterprises (SMEs), especially those related to high credit costs. Responding to Twitterati on the issue,…
Tag: Small and Medium Enterprises (SMEs)
SME stocks performance improved after migration to the main board
Small and Medium Enterprises (SMEs) have seen their stocks performing way better and giving better returns to investors after they migrated to the main board from SME platform of the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). As on date, 19 companies have shifted to BSE and NS…
Quality standards soon for SMEs to bag private, govt contracts
Small and Medium Enterprises (SMEs) may soon have to step up quality of products and services in order to bag private and government supply contracts. As part of the government’s ZED (zero effect, zero defect) initiative, SMEs will have to compete to get gold, silver or bronze quality certificati…
B2B e-commerce players helping SMEs in recruiting skilled employees
A clutch of business-to-business e-commerce players are seeking to attract more business by helping Small and Medium Enterprises (SMEs) address the issue of recruitment. Ahmedabad-based startup Tradohub, an end-to-end supplier for SMEs, is one such company. It has tied up with local human resourc…
E-commerce platform can give SMEs access to global markets: Rita Teaotia
E-commerce platform is fast emerging as a new trend in global trade and SMEs should use this medium to get direct access to the world markets, a top government official said today. Commerce Secretary Rita Teaotia said the e-commerce platform significantly reduces the interference of middleman and…
Tata Teleservices eyes biz from SMEs in region
Tata Teleservices is eyeing business from small and medium enterprises (SMEs) in Nagpur and nearby areas. After laying a network of 1200 kms cable in Nagpur region, the company has launched enterprise-based solutions in city. The product is specially targeted at the SMEs. The company aims to add …
State govts lend support to SME platforms
The Small and Medium Enterprises (SMEs) platforms started in early 2012 by the two national bourses, BSE and NSE, to enable smaller companies to list and raise money, have found support from some state governments. The Gujarat and Rajasthan governments have announced subsidies to pay for the expe…
SMEs key to economic growth | Raghuram Rajan
RBI governor Raghuram Rajan on May 21 said Small and Medium Enterprises (SMEs) hold the key to creating more jobs and accelerate country’s economic growth and the sector ought to be encouraged to flourish in a hassle-free environment. Rajan stressed the need for rapid implementation of prog…