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Efficiency essential for growth in logistics and warehousing market

Biz2Credit Advisor — Mon, 31 Aug 2009 06:31:52 +0000

India has much to gain by innovating and adopting the best practices in the logistics and warehousing industry, said Ajay Shankar, secretary of the Ministry of Commerce and Industry. Shankar said bringing down the current logistics cost of 13 percent of the GDP to a globally competitive 8 percent would provide a major business opportunity for the industry, according to the SME Times. голова болит секс

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Ambitious solar power plan unveiled soon

Biz2Credit Advisor — Sat, 29 Aug 2009 06:23:21 +0000

India’s solar power target, part of $19 billion, 30-year plan to fight global warming, will be unveiled soon. India’s goal is to go from near zero to 20 gigawatts by 2020. When the plan is fully implemented, solar power use would be equivalent to one-eighth of India’s current installed power base, going a long way to limit reliance on dirty coal and closing power deficits, said LiveMint.com. Prime Minister Dr. Manmohan Singh has yet to formally adopt the solar power plan. голова болит секс жена трахает мужа порно большие сиськи

Assocham looks for debt market reform from RBI

Biz2Credit Advisor — Fri, 28 Aug 2009 06:27:56 +0000

Industry body Assocham asked the Reserve Bank of India to allow foreign institutional investors (FII) to participate in debt markets as a way to maintain stability in the market, said LiveMint.com. Assocham pushed for measures to strengthen the debt market in advance RBI’s upcoming monetary policy. In April RBI slashed short-term lending and borrowing rates by 25 basis points.

EU's REACH regulations a challenge to Indian textile industry

Biz2Credit Advisor — Thu, 27 Aug 2009 06:09:41 +0000

A European Union organization that regulates chemicals entering the EU may present a serious challenge to the Indian textile and apparel sector. The industry must take steps to meet REACH regulations by providing European buyers information about hazardous substances used in the manufacture of textiles and apparel. Currently suppliers have to make sure products are free of the 15 Substances of Very High Concern (SVHC) included on the REACH authorization list, said the SME Times.

Indian IT companies delve into the domestic market

Biz2Credit Advisor — Wed, 26 Aug 2009 06:51:21 +0000

Because of a reduction in export revenues, Indian IT companies are exploring the domestic market. Most experts are optimistic about an economic recovery and predict the industry will grow 4 to 7 percent in 2010. The IT sector is also expected to hire more workers this year.

Textile exports to U.S. down

Biz2Credit Advisor — Thu, 30 Jul 2009 07:06:35 +0000

India showed a decline of 8.19 percent in U.S. dollars for textile and clothing exports, according to provisional data from the Directorate General of Commercial Intelligence and Statistics. The Indian government instituted two stimulus packages to help the sector in December 2008 and January 2009. Imports of clothing and textiles to the U.S. from the top five trade countries have gone down from January to April 2009. Only imports from Vietnam have shown an increase.

Five-point action plan for exports: DEA

Biz2Credit Advisor — Wed, 29 Jul 2009 06:12:19 +0000

The Delhi Exporters Association (DEA) has presented a five-point action plan for the revival of exports.The plan was proposed as a reaction to specific concerns that were not addressed in the budget earlier this month. The plan targets bringing down transaction costs to make exports more competitive, Mr. S.P. Agarwal, President of the DEA, told the SME Times.

Revival of income tax concessions under 80 HHC, service tax exemptions, resolution of VAT-related issues, lowering of credit costs and upgrading infrastructure are the issues covered in the plan.

Investment-linked tax incentive scheme for farm produce cold stores and warehouses

Biz2Credit Advisor — Tue, 28 Jul 2009 05:54:12 +0000

The Finance Minister announced an investment-linked tax incentive scheme for farm produce and warehouses in the Union Budget. The scheme proposes that all capital expenditure to build and operate such facilities would be fully eligible for small business tax deductions. Business expenditures on land, goodwill and financial instruments would not be eligible for the deductions, said LiveMint.com.

The proposal is aimed at reducing waste of perishables and attracting investment into the sector. The scheme was welcomed as a big boost to the cold chain and warehousing sector. Currently, small businesses are eligible for a subsidy and the Income Tax Act allows several exemptions and deductions. These, however, are not sufficient to invite investment. порно xxx

G8-G5 joint declaration resists trade protectionism

Biz2Credit Advisor — Mon, 27 Jul 2009 05:43:53 +0000

The world’s wealthiest and most industrialized countries (G8) joined hands with the emerging economies (G5) to reject protectionist measures in trade and investment. The declaration will be followed by negotiations and exploration of possible modes of direct engagement within the World Trade Organization (WTO), according to the SME Times.

Besides the G8 acceding to the G5 demands for strengthening financial regulation and institutional reforms, the groups agreed to reach a balanced conclusion to the Doha Development Round by 2010.

Budget 2009: Small business tax reforms-some ups, some downs

Biz2Credit Advisor — Sat, 25 Jul 2009 09:08:24 +0000

The Union Budget gives some small businesses the benefit of not paying advance taxes in the 2010-11 fiscal year.

Businesses with an annual turnover of less than Rs 40 lakh have the option to not maintain their books of accounts and pay a fixed income tax of 8 percent of their revenue, said the SME Times.

Other positive reforms include doing away with the fringe benefit tax, income tax surcharge and the commodity transaction tax, which could make raw materials cheaper for small business owners.

The introduction of an 8 percent excise duty on man-made fiber and yarn was a surprise hit to small businesses. However, there is an extension of the interest subvention for the textile industry has been extended to March 2010.