Bihar Industries to Make a Splash at Hanover

To position Bihar as a low-cost production base to woo foreign investment, a Bihar Industries Association (BIA) delegation will attend the Hanover Messe 2012, a premier technology event at an international trade fair...

SBI Slashes Interest Rates on SME Loans

The State Bank of India, recently declared interest rate cuts on loans to Small and Medium Enterprises (SMEs) in the aftermath of Reserve Bank of India's decision to cut repo rate by 50...

Anand Sharma Pushes For Urgent Supply of 3 Million Tonnes of LNG From Qatar...

The Union Minister of Commerce, Industry and Textiles, Shri Anand Sharma has requested Qatar to supply immediate requirement of 3 million tonnes of LNG to India. The LNG is to be imported by...

Export Grows By 21 Percent In April 2011 March 2012 At Us Dollar 303...

India’s exports for the last year (April 2011 to March 2012) have registered a growth of 21%, at US $ 303.7 billion. Interacting with the media persons here today, Shri Rahul Khullar, Commerce...

Balanced Growth Oriented Budget

FKCCI welcomes the maiden Budget of Mr. D.V. Sadananda Gowda, Hon’ble Chief Minister of Karnataka. Given the slowdown in 2011-12, FKCCI welcomes the 2012-13 Budget which is directed basically to strengthen the irrigation net...

No R&D Boost, Say Pvt Players in Defence

The Budget seems to have failed to impress small-scale private sector industries around Pune city. The Pimpri-Chinchwad Municipal Corporation area alone has about 4,000 Small and Medium Enterprises (SMEs), while the total number,...

SMEs to Benefit From Raised Turnover Limit for Compulsory Tax Audit

Union Finance Minister Mr Pranab Mukherjee, has recommended to increase the turnover limit for compulsory tax audit of accounts and for presumptive taxation from Rs 60 lakh to Rs 1 crore, in an...

FM Announces Credit Linked Subsidy Programme for MSMEs

To encourage micro enterprises, a credit linked subsidy programme namely Prime Minister's Employment Generation Programme (PMEGP) is being implemented through KVIC, Finance Minister Pranab Mukherjee announced in the Union Budget 2012-13. The allocation...

India Inc. Dissatisfied over RBI’s Move to Keep Rates Unchanged

While displaying dissatisfaction over the RBI's move to keep the interest rates unchanged, India Inc has stated that the rate cuts were required so that it helps the industrial sector invest more and...

India, Iran All Set to Boost Trade Ties

The Iranian and Indian business leaders have decided to strengthen the trade relations. Presently, the bilateral trade is worth $15 billion and likely to touch $25 billion by the year 2016. Mohammad Mehdi...