Page 41 - SME
New MSMEs may enjoy 50% VAT reimbursement
Reimbursement will be valid for 5 years from date of commercial production, capped at 100% of fixed capital investment
 "New MSMEs may enjoy 50% VAT reimbursement")
 "Banks told to clear proposals pending under employment generation scheme")
 "State govt nudges corporate majors to set up skill development centres")
 "Value-added tax for Punjab steel mills reduced")
India's MSME sector growing faster than overall GDP: Michel Botzung
Interview with Principal Operations Officer, IFC's India office
 "India's MSME sector growing faster than overall GDP: Michel Botzung")
 "Solar power a lucrative new opportunity for Punjab SMEs")
From chartered accountant to drug manufacturer
Venus Remedies has 90 patents, and now plans a big push in R&D
 "From chartered accountant to drug manufacturer")
 "Cash flows faster in service sector MSMEs")
Govt to launch new fund to meet small industry's capital requirements
A dedicated fund named 'India Inclusive Innovation Fund' will be set up to promote grass-root innovations that will deliver social returns and modest economic returns
 "Govt to launch new fund to meet small industry's capital requirements")
 "BSE SME bourse may see 10 more listings soon")
SMEs playing key role in building social, fin sectors: RBI
Says the sector is facing certain issues which are being addressed by PM's Advisory Committee
 "SMEs playing key role in building social, fin sectors: RBI")
Nothing for small entrepreneurs in investment summit
MoUs worth Rs 65,000 crore were signed between the Punjab government and corporate houses during the summit
 "Nothing for small entrepreneurs in investment summit")
MSME ministry to train 4.2 mn in 12th Plan
The ministry has targeted the creation of over 100 new enterprises per district every year under the PMEGP in all the 650 districts of the country
New STPI centres in Punjab will benefit small IT firms
New industrial policy which offers incentives to IT SMEs is expected to play a pivotal role in promoting this sector
 "New STPI centres in Punjab will benefit small IT firms")
Imports hurt local plastics machinery makers
New machinery worth Rs 1,500-2,000 cr is imported every year primarily from the Southeastern countries. Used machinery is also imported
Human hair being smuggled out, hurting export earnings
Exporters ask government to take deterrent action, since livelihoods are involved
 "Human hair being smuggled out, hurting export earnings")
Tirupur knitwear exporters reel under power cuts
Many units are forced to run on gen-sets, which is a costly proposition
 "Tirupur knitwear exporters reel under power cuts")
 "Return on capital: Non-corporates have an edge over corporates in MSME sector")