IndiaMART

Category: IndiaMART in News


Budget 2011-12: MAT on SEZ to hit IT SMEs

Bizxchange, Finance minister Pranab Mukherjee in his Budget speech has said that though he proposes to cut down the current surcharge of 7.5% on domestic companies to 5%, he proposes to increase rate of minimum alternate tax (MAT) to 18.5%,…

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Mixed bag for engineering goods sector

Bizxchange, With Finance minister Pranab Mukherjee announcing the proposals for Union Budget 2011-12 on February 28, 2011 all sectors are busy estimating their gains and losses from the Budget. One such sector that had a lot of expectations from the…

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MSMEs sector Blatantly Neglected: Industry Professionals React

SME World, Indranil Deb, Principal, Mobius Strip Capital Advisors, Mumbai, said the budget is ordinary and lacklustre. The lack of time available to conceptualise imaginative and innovative solutions to the myriad problems of a growing economy is evident. “The budget…

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Micro, Small and Medium enterprises garner more funding

Hindustan Times, Finance minister Pranab Mukherjee’s proposal in the Union budget 2011-12 on Monday, to provide Rs 5000 crore to SIDBI, will give a shot in the arm to the Micro, Small and Medium Enterprises (MSME) sector in India. In…

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24% Indian SMEs eyeing offshore expansion by 2013

Bizxchange, Buoyed by a positive economic outlook, an increasing number of Indian SMEs are considering becoming international by 2013, states a recently published HSBC research. According to the biennial HSBC research, the number of Indian SMEs conducting international business activities…

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Union Budget 2011-12 favourable for MSMEs: IndiaMART CEO Dinesh Agarwal

Progress on GST commendable; look forward to speedy implementation Appreciate allocation of Rs 5000 cr to SIDBI for refinancing incremental lending by banks to MSMEs; however, better increase was expected Move to take rural broadband connectivity to all the 2.5…

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Rising interest rates to affect SMEs most, finds Crisil study

MINT, Small- and medium-sized enterprises (SMEs) will bear the brunt of the interest rate hikes by the Reserve Bank of India on 25 January, according to a study by ratings agency Crisil Ltd. SMEs account for 8% of India’s gross…

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SMEs Seek More Collateral Free Financing from Union Budget 2011-12: IndiaMART CEO Dinesh Agarwal

Allocation for the sector should be increased to facilitate growth of SMEs Increase depth of CGTMSE to include more small scale enterprises Simplification of taxation required; introduction of GST will be welcomed Fillip required for domestic IT industry to generate…

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Apparel units yet to see full recovery: Survey

Business Standard, Small and medium enterprises (SMEs) in the apparel and fashion accessories sector still face a number of bottlenecks, according to a survey conducted by IndiaMART Knowledge Services. Only 38.1 per cent of the SME respondents stated that the…

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Further extend EOU scheme in Budget: EPCES to govt

Business Standard, Industry body EPCES today asked the government to extend the tax benefits offered under the Export-Oriented Unit (EOU) scheme for another five years in the forthcoming Budget to give a boost to the manufacturing sector. Under the Export-Oriented…

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