Town of Morbi known for being foremost wall clock production hub is fast losing this identity. There are a number of factors leading this decline. Delhi, Chennai, Kolkata and Hyderabad are giving tough competition to clock producers of Morbi. Moreover, the government resists to reduce VAT rates and the transportation charges have gone up. All these factors have led to ...

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The challenges facing micro, small and medium enterprises (MSMEs) are being taken up in the party manifesto of the CPI party as a special package planned for protection and development of small scale industries, cottage industries and craft of artisans. The party is also seeking the deferred recovery of small business loans until the economic slowdown improves. ...

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Indian public sector banks will lend over Rs 13,000 in small business loans from January to March at rates under 10 percent. The government announced the new initiative as part of the country’s second ‘stimulus package.’ Additionally, the Reserve Bank of India will extend a Rs 7,000 crore line of credit to SIDBI (Small Industries Development Bank of India) before March ...

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