User: gauravkhambhala Topic: smenews
Category: sme
Last updated: Sep 02 2014 01:52 IST RSS 2.0
 
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India need a separate financial architecture for SMEs: Expert 1.9.2014 Deccan Herald - Business
Columnist and Chartered Accountant S Gurumurthy made a strong pitch for a separate financial architecture for small and medium enterprises (SMEs) in India. "A separate financial architecture for SMEs is necessary for the country...The government has said that it will create a separate financial architecture, we must ensure it is created," Gurumurthy said on the sidelines of an event here. Noting that there are at least 20 million small financial institutions in India, which finances small businesses, he stresses need for banks lending to them at cheaper rate. "...they (small financial institutions) are lending to SMEs at 36-45 per cent because they are borrowing at that rate. If banks lend to them at 10-12 per cent then they will lend at 14-15 per cent," Gurumurthy said. Finance Minister Arun Jaitley in his Budget speech 2014-15, had said, "SMEs form the backbone of our Economy... Financing to this sector is of critical importance, especially as it benefits the weakest sections. "There is need to ...
TN region of Bank of Baroda to be bifurcated 1.9.2014 HBL: Industry & Economy

Since the launch of the “Credit on Wheel” programme in December 2013, Bank of Baroda, Tamil Nadu region has managed to add ₹125 crore to its advances portfolio.“The initiative aims t...

Sidbi VC funds disburse Rs 540 cr 1.9.2014 All Companies Stories
The third fund - the India Opportunities Fund - which has a corpus of Rs 600 cr, has made a commitment of Rs 182 cr across 15 companies
Digital divides 1.9.2014 Chinese
The ambitious project called Digital India that the Cabinet recently approved may prove to be tougher to implement than the government had bargained for
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Convey credit decisions early, RBI tell banks 1.9.2014 All Finance Stories
The Reserve Bank of India (RBI) has come down heavily on banks for delaying credit decisions, particularly to infrastructure projects, which in turn hampering project implementation.
T.N. shines on SME front 1.9.2014 The Hindu: Today's Paper
T.N. shines on SME front
Japanese industry sees better ties with India under Modi as PM 1.9.2014 News
Having worked with him as Gujarat Chief Minister, Japanese industry today expressed confidence that under the Prime Ministership of Narendra Modi the bilateral relations will witness enhancement as they showed interest in working their Indian ...
Japanese industry confident of better ties with India with Modi as PM 1.9.2014 FirstPost: World

Having worked with him as Gujarat Chief Minister, Japanese industry today expressed confidence
that under the Prime Ministership of Narendra Modi the bilateral relations will witness enhancement as they showed interest in working their Indian counterparts.

The post Japanese industry confident of better ties with India with Modi as PM appeared first on Firstpost.

Business apps for SMEs 1.9.2014 Features
If Indian telcos mobilise their sales force and drive adoption of mobile business applications (MBAs) among SMEs, they could gain incremental cumulative revenues of $490 million to $1 billion by FY17, of which 50-55 per cent would come from mobile ...
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Steps Taken by the Government Starts Showing Results: GDP Shows A Growth Rate Of 5.7 Per Cent in Q1 Of 2014-15 Over the Corresponding Quarter of the Previous Year; Headline WPI Inflation Comes Down to 5.1 Per Cent in July 2014 Among Others 30.8.2014 Govt of india: PIB
When the new Government came to power around three months ago, it faced various challenges on economic front. The economic growth was showing a downward trend, the inflation was alarmingly high, unemployment rate was worrisome and corruption was touching new heights.
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Jet Airways unveils digital travel platform for small and medium scale enterprises 29.8.2014 TOI: All Headlines
Jet Airways unveils digital travel platform for small and medium scale enterprises
ISB comes in aid of SMEs with proposed Big Leap Club 29.8.2014 Top Headlines
ISB likely to announce setting up of a "Big Leap Club" during a two day conference "Big Leap Summit" in Punjab.
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Government should protect and nurture SME manufacturers in India: MAIT 29.8.2014 CNN-IBN: Business
IT SMEs have a crucial part to play towards realizing the new Government's objective of making India a manufacturing hub.
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Jet Airways unveils digital travel platform for SMEs 29.8.2014 ET: Transportation
Apart from selling air tickets with special packages, the platform will help with hotel bookings, car rentals, business insurance, telecom and business solutions, etc.
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ISB to roll out 'Big Leap Club' for SMEs 28.8.2014 All Specials Stories
The SMEs have not always been able to take full advantage of the opportunities presented by fast pace of globalisation
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SMEs feeling the pinch as lending to small companies falls by £3.5bn 28.8.2014 The Guardian -- Front Page
Bank of England's Funding for Lending Scheme fails to deliver to small businesses as net lending to the sector falls again

The Bank of England's flagship Funding for Lending Scheme (FLS) failed to boost the fortunes of Britain's small companies in the second quarter following another fall in business lending.

Net lending by banks involved in the scheme fell by £3.5bn between April and June, bigger than the £2.7bn drop in the first quarter. Lending to small and medium-sized enterprises (SMEs) fell by £435m, compared with a £719m fall in the first quarter according to the Bank's latest figures.

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Bring ICT SME sector into mainstream: MAIT 28.8.2014 ET: Software
The IT hardware industry body MAIT wants that the small-and-medium enterprises should be taken on board while embarking on the ambitious Digital India initiative.
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Accelerated depreciation move to create 20,000 jobs/yr: Suzlon 28.8.2014 Latest News
Hailing the government's move to restore accelerated depreciation in the wind energy space, turbine maker Suzlon Energy said the step will help in creating 20,000 jobs annually in the sector.
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Accelerated depreciation move to create 20,000 jobs/year: Suzlon 28.8.2014 ET: Jobs
AD will act as a stimulus for the revival of Indian SME sector as they can set up captive power plants and hedge their power cost for 25 years.
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Tech Mahindra launches national mobile job marketplace 28.8.2014 TOI: All Headlines
Tech Mahindra launches national mobile job marketplace
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