The Reserve Bank of India has left key rates unchanged; the repo, the reverse repo, bank rate and the cash reserve ratio (CRR) are held at current levels. The central bank expects the economy to worsen further and has revised the GDP growth target to 7 percent from a previous estimate of between 7.5 to 8 percent. Additionally, inflation targets for the fiscal year were reduced to 3 percent from earlier projections of 7 percent.
Small Business News 
Neo Liberal Policies possible solution for MSMEs’ Downturn
2010-07-28 01:34:09
With economies of Europe and US are hard-hit by recession, SMEs in India has also witnessed decline in the last three quarters of 2008. The strong linkage with agricultural sector is one reason for micro, small and medium enterprises’’ (MSMEs) economic recession. But it would...
Udyami Helpline: To provide free information to entrepreneurs
2010-07-27 01:39:39
A new national level call-centre, named Udayami Helpline is about to be launched to help entrepreneurs of the country seek information and to redress their grievances. The call centre is given a single window model with a single toll-free number to serve entrepreneurs in India. U...
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