MSME Ministry finds double taxation taxing
The Micro, Small and Medium Enterprise (MSME) ministry has requested the finance ministry to resolve the double-taxation issue faced by private equity investors, who want to invest in the small scale business sector...
SMEs not small for big-time technology
“Limited availability of capital for small and medium enterprises (SMEs) is the stark reality. They should source funds through alternate means and that includes venture capital,” says Ramnath Pradeep, Chairman & Managing Director...
Karnataka’s Financially Fine
Karnataka Chief Minister D V Sadananda Gowda has stated in his first Independence Day address that the state’s finances were sound as the government mopped up Rs 58,541 crore revenue during 2010-2011 as...
RBI’s hike spikes Pharma SMEs
SMEs in the Pharma sector are adversely hit with the Reserve Bank of India (RBI) hiking the short-term lending and borrowing rates by 50 basis points (bps). This decision by the RBI has...
Cloud Consulting to blow away HR clouds
Prohibitive costs dissuade small and medium industries in employing experienced HR professionals on their rolls and thus they run short of effective advice on HR and Industrial Relations. Close competition in global markets...
ASSOCHAM does not want Steel Industry to Melt
The bar on mining in Bellary district by the Supreme Court would lead to negative repercussions like higher inflation due to shortage of steel, additional foreign exchange loss of 12 billion dollars a...
KASSIA awaits a Leader
The Karnataka Small Scale Industries Association (KASSIA) has appealed to the new Karnataka Chief Minister D.V. Sadananda Gowda, to give more attention to small scale industries. In a press release, Prakash N. Raikar,...
KASSIA’s 5 Digit Punch
Prakash N. Raikar, President, Karnataka Small Scale Industries Association (KASSIA), recently announced the decision to set up 5 skill-development centres in Bangalore, Mysore, Hubli, Belgaum and Mangalore in collaboration with the local associations....
Karnataka takes a lead in the Animation & Gaming Industry
"Karnataka is all set to introduce India's first policy on animation and gaming soon," reveals M N Vidyashankar, Principal Secretary to Information Technology Department, Karnataka Government. The development is in the wake of...
Indian Paint Industry paints Double Digit Growth
At the Indian Paint Association’s (IPA) 48th annual general meeting in Kolkata, President D.P. Basu said that the Rs.24,000 crore paint sector in India is likely to touch Rs.100,000 crore by 2020. Buoyed...