Reeling under the pressure of demonetisation, which has weeded out 86% of the country’s bank notes, Arun Jaitley, while presenting his Budget on February 1 focused on startups, and the small and medium enterprises. It meant several tax SOPs for the sector. Jaitely said that corporate tax has been…
Tag: SME sector
Govt approves India-UAE MoU for SMEs co-operation
Government on 18 January approved signing of a Memorandum of Understanding (MoU) between India and the United Arab Emirates for cooperation in the field of small and medium enterprises (SMEs) and innovation. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narend…
GOOD NEWS: एक्सपोर्ट में लगातार चौथे महीने तेजी, घट गया व्यापार घाटा
एक्सपोर्ट के मोर्चे पर भारत के लिए अच्छी खबर आई है। भारत के निर्यात में दिसंबर में लगातार चौथे महीने सुधार हुआ है। दिसंबर 2016 में एक्सपोर्ट 5.72 फीसदी बढ़कर 23.9 अरब डॉलर रहा जबकि पिछले साल दिसंबर में निर्यात 22.6 अरब डॉलर था। वहीं दिसंबर महीने में आयात भी 0.46 फीसदी बढ़कर 34.25 अरब […]
India lacks backbone for less-cash economy | Gopal Jiwarajka, President, PHD Chamber
Small and Medium Enterprises (SMEs) have not only taken a big hit after demonetisation, they have been suffering from government policies that incentivise them to stay small, says Gopal Jiwarajka, the President of PHD Chamber of Commerce and Industry (PHDCCI), in an interview. Jiwarajka says the …
Bank loans may increase for SMEs
Doubling the credit guarantee on loans taken by small and medium enterprises (SMEs) and enhancing their cash credit limits is expected to increase the banking sector fund flow to the SME sector. These steps announced by Prime Minister Narendra Modi on Saturday would also lower borrowing costs of …
Demonetisation SME impact: Short term pain, long term gain
Written exclusively for SMEpost.com by Rohit Arora, CEO of Biz2Credit Biz2Credit India welcomes this move announced by the Govt. to demonetize the existing series of the high denomination notes of Rs. 500 and Rs. 1000. While the move is primarily aimed at curbing the menace of black money and cou…
How MSMEs can overcome funding & tech challenges
Access to low-cost technology and cheap funds is perhaps one of the biggest challenges faced by the nation’s small businesses. But, even as small businesses across the country go through a bad patch, lenders are willing to take on the risk and give them the support they need. Similarly, technolog…
MSME sector key to boosting exports: Nirmala Sitharaman
The government is looking towards small and medium enterprises (SMEs) for revival of exports, Commerce and Industry Minister Nirmala Sitharaman told in an interview. Asked whether she was worried about the dip in exports, Sitharaman said it was no longer a cause for worry. She said that the goal …
IndoStar Capital Finance to focus on SME lending, eyes Rs 1,200-crore loan book
With a CAGR of 49 per cent in assets growth, NBFC IndoStar Capital Finance is looking to ramp up SME lending this year and grow its loan book five-times to Rs 1,200 crore. “We plan to ramp up our SME business this year and build an AUM of Rs 1,200 crore by geographical expansion. We [&helli…
We are focused on bringing together technology and manufacturing to drive transparency, efficiency and scale | Rahul Garg, Founder & CEO, Moglix
Of late, one is clearly witnessing B2B e-commerce pick up the growth momentum with rapid adoption of the digital paradigm by manufacturers and wholesalers. Buyers and sellers from across the world are increasingly transacting goods and services with ease over digital platforms, anytime, anywhere.…