In a bid to address the long-pending grievance of the micro, small and medium enterprise (MSME) sector that it lacks sufficient access to bank credit, the Reserve Bank of India (RBI) plans to join hands with industry associations to prepare a database of units that do not have such access.

RBI to compile list of MSMEs lacking access to bank credit

Business Standard

Small and medium-sized enterprises in India suffer multiple handicaps &mdash; poor access to credit, inadequate managerial resources, a low technology base, lack of marketing expertise and a complex regulatory regime. CRISIL SME Ratings Director Yogesh Dixit explains to Rajiv Shirali why SMEs would benefit immensely by outsourcing their non-core functions.

Outsourcing will improve the creditworthiness of SMEs: Yogesh Dixit

The rabi season is likely to decide the fate of Rajkot&rsquo;s auto components industry, which is operating at reduced capacity owing to weak demand from automobile makers. A good rabi crop season would spur demand for automobiles in the next calendar year, industry sources said.

Rabi crop to decide fate of Rajkot auto units

MSMEs in Punjab are facing a six-pronged crisis, according to the India MSME Report 2012, prepared by the Kochi-based Institute of Small Enterprises and Development (ISED).

Punjab MSMEs face a six-pronged crisis

The ailing blanket industry in Panipat, which until a few years ago was staring at a downslide, has found a refuge under the new quilt business.

Quilt business weaves hope for ailing blanket makers in Panipat

India Inc may be anxious about sluggish economic growth but start-ups are sailing through the economic slowdown. Fresh graduates of premier institutes across the country are in search of mentors to help them launch their dream projects, and new-age incubators are offering their support in a bid to nurture entrepreneurs.

A hatching firm gives ideas, raises funds for start-ups

The geographical indication (GI) mark for the Meerut scissors cluster will soon become a reality, giving hope of a better life to thousands of artisans in the cluster, according to a statement on the website of the Federation of Indian Micro and Small and Medium Enterprises (Fisme).

Fisme seeks GI mark for Meerut scissors

Small and medium-sized enterprise (SME) financing is one of the three most significant opportunities for financial services firms in emerging markets, according to a report prepared by the World Economic Forum (WEF) in collaboration with The Boston Consulting Group (BCG).

SMEs need innovative funding: Report

We had re-imported goods that had been exported by us and rejected by the buyer, who found them to be defective. We are not claiming any exemption, as the time limits have passed. We are ready to pay duties as per Section 20 of the Customs Act, 1962. The Customs say that in that case, the goods have to be valued as per Section 14 of the Customs Act, 1962 read with the related Customs Valuation (Determination of Price of Imported Goods) Rules, 2007. They rejected our declaration of value as declared at the time of export, on the grounds that the value declared at the time of export was low. We seek your views on whether the stand taken by the Customs is correct.

'Excise duty is payable on all goods fabricated at construction sites'

International Finance Corporation (IFC) is planning to invest around $25 million in the India 2020 Fund II, a successor fund to India 2020 Fund I. The new fund has a target size of $125 million and will focus on investing in Indian small and medium enterprises (SMEs) in healthcare, education, rural consumption and agribusiness.

IFC to invest $25 mn in SME fund

Poonam Sinha, the head of the Indian Institute of Entrepreneurship (IIE), a Central government organisation under the ministry of micro, small and medium enterprises (MSME), in Uttarakhand, has honed the skills of scores of people and helped them establish micro enterprises in the hill state.

Govt agency promotes start-ups in U'khand

With the concept of serviced and virtual offices gaining significance, especially among entrepreneurs and small and medium enterprises (SMEs), Imperial Servcorp, a joint venture between K Raheja Corp of India and Australian multinational Serve Corp, is looking at expanding its offerings to more cities in India.

Imperial Servcorp to expand serviced office space for SMEs

Imitation jewellery from China is flooding the imitation jewellery market in India, as imports from India&rsquo;s northern neighbour have already captured 30 per cent of the country&rsquo;s domestic market, industry sources said.

China captures 30% of Indian imitation jewellery market

Enterprising members of three self-help groups have become successful entrepreneurs by achieving a turnover of around Rs 7-8 lakh in Mysore district.

Enterprising women set an example

The 75-year-old diary and calendar printing industry in Sivakasi has reported a 20-25 per cent drop in its 2012 turnover, compared to the 2011 turnover of Rs 100-120 crore. The industry, which consists largely of medium, small and micro enterprises (MSMEs), attributes the loss mainly to severe power shortages.

Power shortages hit Sivakasi printing

'CBEC cannot curtail notified time limit for filing refund claims'

The micro, small and medium enterprise (MSME) sector reported a growth of 19.06 per cent in 2011-12, in terms of Entrepreneurs&rsquo; Memoranda (EMs), filed at the all-India level.

Filings to set up MSMEs grow 19% in 2011-12 

When it comes to employment generation, the Micro, Small and Medium Enterprises (MSME) sector is a clear winner in Uttarakhand, as compared to large companies.

SMEs generate more jobs in U'khand than large players

An industrial profile of Tamil Nadu&rsquo;s Sivaganga district says the development plan for the district includes initiatives to support the growth of SMEs, such as more cluster-specific allocations, support for skill development at the unit level, capacity-building, business incubation in selective engineering colleges and polytechnics, and creation of more techno-entrepreneurs.

Sivaganga growth plan focuses on clusters, skill development

Small and medium industrialists in the northern region are not worried by the hikes in minimum wages being announced by state governments at periodic intervals.

Labour crunch, not high wages pinches SMEs

German sportswear maker Adidas&rsquo; decision to shut down one-third of its Reebok stores across India and the decline in sports goods outsourcing from Indian manufacturers by other global brands like Puma and Slazenger, owing to tepid demand, has cast its shadow over Jalandhar&rsquo;s sports goods industry.

Jalandhar sports goods industry to see flat growth

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