Start-ups, SMEs write to govt. on equalisation levy

Recently,Domestic Small and medium enterprises(SMEs) and start-ups have written to Revenue Secretary.They have complained about the equalisation levy they have to pay to foreign companies for doing business in India. They have said that this has resulted in increased costs as well as loss of revenue to the government. The equalisation levy was introduced in… Continue reading Start-ups, SMEs write to govt. on equalisation levy

Govt. in talks with foreign lenders for loans to SMEs

The Indian government is in talks with foreign lenders to provide credit to millions of small and medium enterprises(SME). This step is being taken after state owned banks have not been able to drive increased lending because they are burdened with more than $145 billion in bad loans.This has led to a severe credit squeeze… Continue reading Govt. in talks with foreign lenders for loans to SMEs