Small businesses are hopeful that the forthcoming 2009 government budget will provide further financial relief. MSME believes a rationalization of taxes would give the industry a revitalizing shot in the arm.
Specifically, MSME wants tax holiday extensions for export-oriented units (EOUs) and software technology parks (STPs), benefits under Section 80-IA, and giving infrastructure status to social sectors such as health and education, according to a senior tax professional from Ernst & Young.
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 ...
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...
