PM narrows down on small sector December 9, 2008
Posted by dhirendra1972 in Business, Capital Market, Domestic Brand, Domestic Equity Market, Equity, Equity Market, Finance, Financial Capital, financial market, Indian Business, Online Marketing, Working Capital.Tags: Indian Business, Marketing, money market, small sector, small sector in indian market
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Good Evening friends, PM of Indian Dr. Manmohan Singh is takeing care of small and medium enterprises. I read following news at yahoo site. In a move aimed at further boosting the micro, small and medium enterprises (MSME) sector, Prime Minister Manmohan Singh is understood to have asked a high-level committee headed by the cabinet secretary K M Chandrasekhar to look into the issues plaguing the sector and submit its report within a fortnight.
The move comes a day after the government announced a package to stimulate the economy. The package, however, has failed to enthuse its entrepreneurs. All India Confederation of Small & Micro Industries Association president Sudarshan Sareen said, “The RBI’s Rs 7,000-crore credit refinancing is too less. At least Rs 10,000 crore should be made available for rehabilitation of sick industries and another Rs 10,000 crore for marketing development fund.” A delegation of the association, which met the Prime Minister today, sought adequate support from the government.
MSME secretary Dinesh Rai told The Indian Express that the memorandum submitted to the PM included speedy formation of a special fund for enterprises in the unorganised sector and an enhancement of cash-credit limits/ over draft facilities by at least 15 per cent. Besides seeking extension of time period for reckoning MSE accounts as NPAs from 90 to 180 days.
Mumbai cannot stop, come what may – 1 November 28, 2008
Posted by dhirendra1972 in Commodity Market, DArk Night, Indian Business, Morning Dawn, Under Siege.Tags: Business, Dawn, Market, Night, Siege, Stakeholder
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Good morning friends. I agree with the government of Mumbai that they will not stop. There’s always been a hope to everyone and with everything. As some others said…when ever you fell down, all you have to do is just stand up and always see the future for the brighter side
Mumbai may be under siege, but the fabled Mumbai spirit will be back in full play when the dark night dissipates and the morning dawns. After all, Mumbai, a city in incessant movement, cannot stop, inherently.
The stock, money and commodity markets will probably be up in the morning. The chief minister has already left instructions to the effect. Offices and banks will be buzzing again. And after a gap, everything will be just as intact as normal as before in the financial capital.
But one thing will change. The most audacious and direct terrorist attack on the Indian business will see industry too becoming a stakeholder in the anti-terrorism drive of the government.
Rajeev Chandrasekhar, president, Federation of Indian Chambers of Commerce and Industry (Ficci) said, “Indian business and its various stakeholders have, so far, been mute and very detached from this debate on terrorism and tougher approach to terrorism and terrorists, including anti-terror laws. Last night’s attack is a clear and unambiguous attack on the Indian economy and all its participants. It is time we all join this debate on terrorism and demand stronger and firmer leadership and approach to this threat of terrorism, including better laws”.
SK Birla, director, Birla Brothers, only complemented the thinking when he called on the corporate world to rise to the occasion. Birla said, “It is high time that all citizens of the country and particularly the corporate world rise to the occasion, shoulder to shoulder, with the government, all political parties and the civil society to give a fitting reply to the terrorists who have attempted to create havoc. It is no more an issue for the government alone. The attack has targeted the hub of the corporate world and we will speak in unison”.
