Country's largest lender State Bank of India has decided to waive guarantees and annual service fees on loans given to small and medium businesses, guaranteed under the Credit Guarantee Fund Trust scheme.

SBI waives service fee on SME loans

Press Trust of India

We have imported some inputs without duty payment by debit to Focus Product scrips. We have used the inputs in the manufacture of export products.

'All duties paid through duty credit scrips eligible for drawback'

Business Standard

Farm equipment manufacturers in the northern region, especially SMEs and their vendors, are upbeat over the robust demand for farm equipment in the domestic market. They are betting big on the Indian farm mechanisation market, which is estimated at over Rs 4,000 crore a year (excluding tractors).

Farm equipment makers are upbeat over robust demand

Though Haryana has a facilitation council to look into the grievances of micro, small and medium enterprises (MSMEs) relating to delayed payments, this problem persists. Interestingly, delayed payments are made not just by private players, but public sector enterprises as well.

Haryana MSMEs face delayed payments despite facilitation cell

We at a DTA (trading unit) import steel cylinders from a manufacturing unit in a Special Economic Zone (SEZ) and sell locally and inter-state. While importing from the SEZ unit we pay Customs duty, CVD and Special Additional Duty (SAD) @ 4 per cent. On re-sale from the trading unit we pass on the excise duty (i.e., the equivalent amount of CVD) and charge VAT/CST as applicable to our customers, mentioning on the invoice that &ldquo;No Credit of the additional duty of Custom levied under sub-section(5 )of section 3 of the Custom Tariff Act,1975 shall be admissible.&rdquo; Customs exemption notification no. 102/2007 dated October 14, 2007, allows refund of 4 per cent SAD in cases where the imported goods are resold on payment of sales tax (ST) or value added tax (VAT) under an invoice that clearly states that no Cenvat Credit of the said duty shall be admissible. Accordingly, we have filed our refund application.

'Excisable goods can leave factory after completion of Central excise formalities'

The Federation of Andhra Pradesh Small, Medium And Micro Enterprises (Fasmme), a service organisation for the promotion of industrial activities for the micro, small and medium enterprises (MSMEs) covering all the districts of Andhra Pradesh, was inaugurated here on Monday.

Federation for MSMEs formed

Indian leather exporters, who sell to global brand names such as Wal-Mart, Calvin Klein, Esprit and French Connection, anticipate difficult times ahead as the signing of new contracts is nose-diving and economic uncertainty continues to grip the European Union.

Leather export prospects for 2012 are bleak

India has around 22,000 packaging units, of which more than 80 per cent comprises small and medium enterprises (SMEs). The SMEs mostly do not hire qualified professionals owing to lack of awareness and financial issues. N C Saha, director of the Indian Institute of Packaging (IIP), spoke to Itishree Samal about the importance of packaging education and the need for SMEs to hire qualified professionals to drive growth.

Packaging sector SMEs should hire qualified professionals: N C Saha

The Confederation of Indian Industry has called for a comprehensive package for micro, small and medium enterprises to unshackle their growth potential. As part of its pre-Budget recommendations to the government, CII outlined a 16-point agenda for the MSME sector.

CII seeks comprehensive package in Budget

The Rs 1,200 crore hosiery industry in Ludhiana is all set to bounce back. The 3,000 small and medium units located in the narrow markets of old Ludhiana city are ready to relocate to the upcoming

Hosiery units set for revival

Small- and medium-enterprises (SMEs) outperformed the BSE Sensex firms in terms of net profit growth in the first nine months of financial year 2006-07. 


SMEs notch up 54% net profit

It is just not possible to talk about logistics and not mention the dabbawalaas of Mumbai who cart lunch for executives from all over the interiors of a vast city where they live, to right upto the

INNOVATIVE LOGISTICS: Mumbai`s luncheon

The Federation of Indian Micro, Small and Medium Enterprises (FISME) has sought tax breaks on employment generation on the same lines as those for capital outlays, and tax exemptions for profit ploughed back by small and micro industries into business

MSME body seeks tax breaks for job creation

In 2012, southern box-office is ruled by â€˜scripts rather than superstarsâ€™

Small-budget films rake in big profits down South

The Bombay Stock Exchange&rsquo;s new exchange for small and medium enterprises (SMEs) will go live in September. The exchange has set a target of roping in 500 members and breaking even in five years. Lakshman Gugulothu, chief executive officer, BSE SME Exchange, talks about the salient features of the exchange in an interaction with T E Narasimhan.

Q&A: Lakshman Gugulothu, CEO, BSE SME Exchange

Tractor manufacturers are making rapid strides in the wake of infrastructure development and the mechanisation of agriculture. The past two years have seen the industry growing at over 20 per cent a year. Although the cost of credit has risen, the demand for tractors is growing unabated, and all players &ndash; big and small, including ancillaries &ndash; have benefitted.

Tractor ancillaries gear up to match demand

Three years ago, when digital media entertainment firm Hungama decided to expand its operations, Chief Information Officer Manan Chhatrapati felt cloud computing was the best option. This, even at a time when there were hardly any vendors in India offering these services.

SMEs take to cloud services

The BSE SME Exchange, which is likely to kick-start its operation from September this year, expects to list 1 million potential small and medium enterprises.

BSE SME Exchange eyes 1 mn listings

With enterprises opening their IT set-ups to cloud deployments, security has become a major concern. Cloud adoption is set to see a boom over the next five years in India. US companies like Google have been at the forefront of getting enterprises to switch to cloud services. Recently, the Indian Youth Congress, Indiamart and Punj Lloyd switched to Google&rsquo;s cloud services.

SMEs need strong security tools

The govt has set aside Rs 100 cr for MSMEs in the jute industry.

TN govt to create venture fund for entrepreneurs

In order to ensure safe fun for toddlers, toy manufacturers in India have embarked on a green drive by initiating a recycling process and the use of non-toxic raw materials.

Indian toymakers go green and clean

SME: Find all the latest news on Small and Medium-Sized Enterprises in India. Explore more for the top headlines about SME sector on Business Standard.

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