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 
Impact of Inflation on SMEs
2010-09-09 01:10:57
SMEs are small businesses, in their early stage of growth. They exercise little or less control over markets. They, during initial years, have to struggle with cash flow management leading to squeezed reserves and labor shortages which implies high wage costs. A rise in inflation...
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 ...
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