India Small Business News Round-up – 17/04/2008

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from India:

  • Left for early action on loan waiver to farmers in JK: Srinagar, Apr 12: The CPI (M) State Secretary and MLA, Kulgam M Y Tarigami has urged state government for early action regarding waving off agriculture loans of the farmers as announced in the Union budget for 2008-09.
  • Small US firms to up offshoring to India: A new breed of outsourcers are emerging in the US, who could help Indian providers to offset some of the impact of the recession on their businesses.
  • CDMA development group reacts to the proposed 3G Spectrum Policy in India: The CDMA Development Group (CDG) (www.cdg.org) today commented that the proposed 3G spectrum allocation policy put forth by India’s Department of Telecommunications (DOT) will further inhibit CDMA operators’ access to spectrum in the region. The policy under review would assign 3G spectrum in the 800 MHz and 2100 MHz frequency bands, which the CDG agrees will enable the mass market deployment of 3G CDMA services to India.
  • India less prone to global turbulence: India’s financial sector is likely to be less affected than similar sectors in most emerging economies by the turbulence in global financial markets, the head of the country’s central bank said.

As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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