The industry body ASSOCHAM urged the Reserve Bank of India to maintain interest rate levels to allow India Inc.’s expansion plans to go continue. President Sajjan Jindal cautioned that changes in the credit reserve ratio (CRR) of 8.75% and repo rate of 8.5% would make credit too costly to permit expansion and modification in the industry. At the same time, the industry is not looking for a decrease in these interest rates since there are inflationary pressures on the country’s economy.
Small Business News 
Small and Mid Sized Auto Component Manufacturers Shining
2010-09-04 02:29:28
The auto component Manufacturers’ Association of India (ACMA) revealed that the domestic auto component industry has pegged 20% growth in the year 2009-10. Its turnover remained US$ 22 billion. The reason for such growth has been the expansion activities undertaken by SMEs ...
'Udyami Helpline' Started After Inauguration by Prime Minister
2010-09-01 03:54:18
Call centre 'Udyami Helpline', has been inaugurated by Prime Minister Manmohan Singh, opening scope for entrepreneurs to find information on Business opportunities and loan facilities available to them. SMEs shall be the main beneficiary as now they will find guidance and support...
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