Union Budget 2010-11: A lost opportunity for MSMEs once again Let me, at the outset, say that though overall it is a progressive budget with clear focus on infrastructure, agriculture and inclusiveness, it does not mean much for the MSME sector. For the micro, small and medium enterprises, although there has been an apparent increase [...]

Most of the changes proposed in the direct tax policies by the Finance Minister are in the favour of Small & Medium Enterprises. After good 25 years, there was a change in the turnover limits for compliance to audit of accounts u/s 44. The companies with an annual turnover of more than Rs. 60 lakhs [...]

The tax slabs for the individual salaries tax payer are proposed to be modified in the budget speech of the Finance Minister who is delivering the speech in the Lok Sabha at this point.. The finance minister has not left the corporate tax structure untouched. He proposes to reduce the surcharge on the income of [...]

From the industry cluster, Tirupur in Tamil Nadu has been awarded a one time assistance of Rs 200 crore, specifically for hosiery industry Banking Services for the under banked or unbanked…By 2012 Govt to cover every population cluster through new methods and technology Total of Rs. 35000 crore allocated for education sector Emphasizes the importance [...]

Three challenges listed out by honourable Finance Minister of India in his budget speech. 1. High GDP Growth to 9 % and move to double budget 2. To make development more inclusive, food security 3. Bottleneck of public delivery system, and weakness of the administrative system Besides.. Renewable energy ministry outlay significantly increased Power sector [...]

Posted by Arsh Kabir We came across this great article at Pluggd.in. It is very apt. SME Market in India is too big to be ignored. And while Indian entrepreneurs are chasing the big enterprise market (and consumer segment), here are a few data points for SME opportunity • India has the second largest population [...]

  Reserved items for Small Industries LOK SABHA Review of the list of items reserved for exclusive manufacture in the small scale (now MSE) sector is a continuous process. The process involves consultations with the stakeholders concerned, followed by deliberations in the meeting of the Advisory Committee on Reservation, constituted under the Industries(Development & Regulation) [...]

Budget: India Inc’s wish list As there are 13 million SMEs in India contributing to 95% of industrial units and producing 45% of the total output. Being small there are many challenges … Source: Rediff HP Introduces Technology Solutions For Retail Sector, SMBs The worldwide IT giant also exhibited products and solutions aimed at SMEs [...]

SMEs await Budget 2010 Summing up the expectations of the MSME sector, Rajeev Karwal, Foudner Milagrow Knowledge Solutions, a venture catalyst says, “There are two needs that the … Source: franchiseindia.com India to aim at 9 per cent growth in 2011-12: President Patil … said the government would work towards creating an environment that encourages [...]