By
Biz2Credit Advisor
Union Budget 2012-13 is a mixed bag for Indian SMEs. The proposals contained in the new budget drew mixed reactions from SME owners. Industry experts feel that in-spite of some concerns there are also positives for SMEs in the Budget.
The central excise and service tax tariff hike is affecting SME's heavily. The reason is it got introduced as 'stimulus package' ...
TAGS Tags: Central Excise and Service Tax Tariff, Goods and Services Tax, GST Dispute Settlement Authority, Indian IT SMEs, Indian SMEs, Industry Experts, Karnataka Small Scale Industries Association, KASSIA, National Skill Development Corporation, Prakash N Raikar, Service Tax Increase, SME Entrepreneurs, SME Functions, SME Owners, SME sector, SMEs in the Budget, stimulus package, Streamline Tax Compliances, Union Budget 2012-13
CATEGORIES Small Business Taxes
The dominant theme of budget wish list for SMEs includes an increase in aid for innovation and assistance so as to enhance in credit availability.
Exemption of excise duty is estimated to increase to 25 crore. “Start-up companies should get proper support from banks and financial institutions to convert brilliant, innovative and potentially viable ideas into ...
In a meeting conveyed by Finance minister Pranab Mukerjee, on Saturday, the minister showed optimism in banks refraining from increasing lending rates in-spite of the fact that some public sector banks including SBI indicated probable hikes in lending and deposit rates. Mr. Mukerjee said, “Though there is some tightening of monetary policy by the RBI we do not expect banks to ...
India's solar power target, part of $19 billion, 30-year plan to fight global warming, will be unveiled soon. India's goal is to go from near zero to 20 gigawatts by 2020. When the plan is fully implemented, solar power use would be equivalent to one-eighth of India’s current installed power base, going a long way to limit reliance on dirty ...
TAGS Tags: dirty coal, global warming, India’s solar power target, power deficits
CATEGORIES Small Business News, Small Business Taxes
The Delhi Exporters Association (DEA) has presented a five-point action plan for the revival of exports.The plan was proposed as a reaction to specific concerns that were not addressed in the budget earlier this month. The plan targets bringing down transaction costs to make exports more competitive, Mr. S.P. Agarwal, President of the DEA, told the SME Times. ...
