By
Biz2Credit Advisor
The Finance Ministry has been requested by apex body of exporters to cap interest rates on loans for small and medium sized businesses. Exporters are demanding the interest rate to be capped at 7 percent and including export credit under priority sector lending in forthcoming budget.
The successive policy rate hikes made interest rates uncompetitive internationally and it has hit capital ...
TAGS Tags: Apex Body of Exporters, Cap Interest Rates, Federation of Indian Exporters Organization, FIEO, Finance Ministry, Finance Ministry Officials, Interest Rate Capped at 7 percent, interest subvention, MSME interest rate, President FIEO, Rafeeque Ahmed, Small Business Export Sectors, Successive Policy Rate Hikes
CATEGORIES Interest Rates
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 ...
