By
Biz2Credit Advisor
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. ...
The Union Budget gives some small businesses the benefit of not paying advance taxes in the 2010-11 fiscal year. Businesses with an annual turnover of less than Rs 40 lakh have the option to not maintain their books of accounts and pay a fixed income tax of 8 percent of their revenue, said the SME Times. Other positive ...
