Indian MSMEs, would get the much needed push with the operation of four Design Clinic Centres (DCCs), that are part and parcel of the Design Clinic Scheme of Government of India. The four DCCs are headquartered in Delhi with the Delhi, Ahmadabad and Bangalore Centers already operational. The Kolkata Centre for the eastern zone is yet to start. There can ...

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SME sector is a very vital factor for the growth of a country’s economy. In case of India, its contribution to the country’s GDP is about 8 to 9 percent. Moreover, it contributes by employing more than four crore people. A report has been prepared by Ernst & Young (E&Y) and Franchise India, listing major cities for successful operation of ...

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The Reserve Bank of India, in the first mid-quarterly review of the year, under the Liquidity Adjustment Facility (LAF), raised its key short-term lending rate by 25 basis points and borrowing rate by 50 basis points. The repo rate thus becomes 6% while the reverse repo rate becomes 5%. SLR and Bank Rate remain unchanged. New ...

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"Inflation is always and everywhere a monetary phenomenon".

Milton Friedman

Understanding Inflation

To put it simply, inflation is the overall increase in prices. This is not enough to understand this contagious problem which, thanks to global integration, affects not just one economy, but can also spread across quite easily. This is one economic variable that ...

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SMEs are small businesses, in their early stage of growth. They exercise little or less control over markets. They, during initial years, have to struggle with cash flow management leading to squeezed reserves and labor shortages which implies high wage costs. A rise in inflation can impact their growth and competitiveness such that in times of hyper-inflation many may not ...

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