Empowering MSMEs with News & Insights

Economy

56% supply-demand gap for MSME credit

56% supply-demand gap for MSME credit

Mumbai, Dec 9 (KNN)  The gap between demand and supply of bank credit for the MSME sector is a huge 56 per cent in the fiscal 2013-14 but may come down…
Customs/port efficiency to be same at Mumbai, Shanghai or Rotterdam!

Customs/port efficiency to be same at Mumbai,…

New Delhi, Dec 7 (KNN) In a development which will be music to the ears of exporters and importers, WTO has reached an agreement on trade facilitation that will ensure that…
One-person company draft rules ready

One-person company draft rules ready

New Delhi, Dec 6 (KNN)  India will see emergence of “one –person company”  for which draft rules have been prepared and comments…
SIDBI seeks new MD, to focus on SMEs

SIDBI seeks new MD, to focus on…

Lucknow, Dec 6 (KNN)  The Small Industries Development Bank of India (SIDBI) which has concentrated its financing on small and medium…
RBI grants Rs 5000 cr refinance to help cash starved MSMEs

RBI grants Rs 5000 cr refinance to…

Mumbai, Dec 5 (KNN) Reserve Bank's special Rs 5,000- crore refinance grant will cumulatively help in the flow of up to Rs 20,000 crore to the cash-starved…
RBI directs banks to issue TDS certificate on time to customers

RBI directs banks to issue TDS certificate…

Mumbai, Dec 5 (KNN) In order to enable customers to file income tax returns timely, the Reserve Bank of India has asked urban co-operative banks (UCBs)…
Final chance to declare pending service tax dues

Final chance to declare pending service tax…

Hyderabad, Dec 5 (KNN) Union Finance Minister P Chidambaram has urged tax payers to declare their pending service tax dues by the end of this year and pay…
NPAs driven by big corporates; small firms have better record: RBI's Chakrabarty

NPAs driven by big corporates; small firms…

Mumbai, Dec 3 (KNN) RBI Deputy Governor K C Chakrabarty, respected for his plain-speak, is a strong votary of the micro and small enterprises (MSEs) and wants…
RBI issues guidelines on stress testing for banks

RBI issues guidelines on stress testing for…

Mumbai, Dec 3 (KNN) The Reserve Bank of India (RBI) has issued updated guidelines for stress-testing of banks which will be effective from April…
Retail inflation for industrial workers above 11%, SMEs to feel wage pressure

Retail inflation for industrial workers above 11%,…

New Delhi, Nov 30 (KNN)  The retail inflation for industrial workers has gone up further with food annual inflation exceeding  15 per cent in October…