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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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