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SBI on a high, riding on MSME loans
Friday, March 12, 2010
The State Bank of India aims to provide loans worth Rs 2,000 crore to the MSME sector by the end of 2009-10, and thereby achieve 35% credit growth in the segment About a couple of months back, on the eve of the New Year, the State Bank of India (SBI) had given MSMEs a reason to rejoice by announcing that it will keep its lending rates unchanged till June 2010. It seems that the move not only helpe..more


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Commerce Ministry in favour of exemption of SEZs from DTC
Friday, March 12, 2010
The Commerce Ministry has suggested exemption of special economic zones from the purview of the Direct Taxes Code to ensure continuance of tax benefits for SEZ developers and units, especially SMEs Even as the government intends to introduce the Direct Taxes Code (DTC) by the beginning of 2011-12, certain provisions of the proposed code have come under criticism. Recently, the Commerce Ministry ha..more


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Managing cashflows: A big challenge for SMEs
Friday, March 12, 2010
For managing cashflows effectively, SMEs are required to lay emphasis on streamlining production system and payment collection method By Suresh SadagopanIn business, working capital plays a vital role. Proper rotation of working capital is critical for the seamless functioning of any business, particularly for an SME. However, the small enterprises are often faced with various bottlenecks related ..more


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Capital management crucial for driving growth
Cluster approach to financing may benefit SMEs
Currency risk management through currency futures
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