More sops likely for MSMEs in mid term appraisal: Arun Maira

On the sidelines of the Second Rural Development Summit, organized by CII, in the capital on Monday, Maira told told SME Times: "SMEs are center to the economic development of India because the size of institutes immediately engages a lot of people. We need to engage people in our economic activity, so that employment is provided much more by SMEs than by the large organizations."

In a bid to facilitate an all-inclusive development of the SME sector in India and integrate rural areas with the country’s economic processes, the Union commerce and industry minister, Anand Sharma has sought more credit facilities to be made available by banks to small firms in rural India.

Rise in incidence of corporate debacles and scams in India such as the Satyam fiasco and the recent case of embezzlement by a Wipro insider only brings out the need for India Inc, including the SME sector, to have strong corporate governance policies in place. Strengthening the organisational structure as well as re-examining the administrative strategies has become imperative for Indian SMEs to avert corporate frauds in future.

Indian banks on firm foot even after west’s collapse: Mukherjee

Union Finance Minister Pranab Mukherjee on Sunday said Indian banks were on a firm footing, even as their global counterparts in western countries collapsed due to the financial crisis. Referring to recent financial crisis that had hit the US, Mukherjee pointed out that the country’s banking system was not involved in speculative activities like its counterparts in the U.S. and Europe.

Paucity of funds and delayed payments have forced the Micro and Small Enterprises (MSEs) sector to perform below capacity, a study conducted by the industry lobby Assocham said Sunday.'Most of the MSEs are running at close to 70 percent capacity utilization due to paucity of funds, arising out of unduly delayed payment of their dues, resulting in serious suffocation,' says the Assocham study.

The Reserve Bank of India (RBI) may soon increase the limit of collateral free loan for micro, small and medium enterprises (MSMEs) from Rs. 5 Lakh to Rs. 10 Lakh, RBI Executive Director, V. K. Sharma told SME Times on the sidelines of a meeting of the National Board for MSME in the capital today. "Recently RBI has appointed a working group to review this credit guarantee scheme for MSME and the group has given us many recommendations. One is to increase the limit of collateral free loan from Rs. 5 Lakh to Rs. 10 Lakh.

Despite slowdown, India's growth rate has been sustainable and the overall impact on the economy has been positive. Having said that, if the same performance is reviewed on a global scale, the scenario may start looking different with the country's share in the global export market continuing to be minimal. Ironically whereas India dominates the proceeding in Information Technology (IT), its imbalance in growth owes to disproportionate usage of  IT services by its important industrial sector — the SME sector, particularly those into exports .

Maximizer CRM 11 For Indian SMEs Released

"In an environment where SMEs are continually pushed to do more with less while achieving demanding sales targets and operating as efficiently as possible, we developed Maximizer CRM 11 to give them a competitive edge and comprehensively support both their in-office and mobilised workforces," said William Anderson, Executive Vice President of Technology, Maximizer Software.

Hughes Communications unveils new tariff plans for SMEs and Consumers

Hughes Communications India Ltd, through its business division, HughesNet Broadband Services today introduced its new tariff plans for the Small and Medium Enterprise (SME) market and SOHO market through its “Broadband for Business” suite of service plans. These services are delivered through Satellite Medium.”Broad Band for Business” service plans would now be available to the Micro, Small and Medium Businesses and Small Office Home Offices

The State Statistical Bureau on 22nd issued the data demonstrated that our country trade export range of fall squeezes obviously. Regarding this, some electronic commerce domain’s expert indicated that the trade export is welcoming the positive signal, the small foreign trade enterprise wants the size in the management strategy to sweep the decks.The Alibaba Corporation CEO health wise on 22nd said during the interview..

Syria has a diversified economy which is heavily dependent on its agriculture and energy sectors. In current times, the Syrian government has implemented several economic reform programmes to assist economic growth. As a result, Syria’s lucrative business landscape has attracted several foreign investors in current years.