India Small Business News Round-up – 19/06/2008

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:

  • Food insecurity looms on Kashmir: Against the requirement of 27 lakh metric tonnes of foodgrains, Jandamp;K produces only 15.5 lakh metric tonnes.andnbsp; While Jammu has achieved food security, Kashmir has yet to achieve it. andnbsp;This was stated by minister for agriculture and cooperatives, Abdul Aziz Zargar, today at a one-day state level workshop organized by the Jandamp;K Entrepreneurship Development Institute (JKEDI) in collaboration with Micro, Small and Medium Enterprises (MSME) at IMPA
  • SMEs demand tech tonic to gain energy efficiency NEW DELHI: The Bureau of Energy Efficiency’s (BEE) move to make star ratings mandatory from February 2009 has caught micro, small and medium electrical equipment manufacturers napping.
  • SMEs account for 25% of derivative MTM losses:The latest report published by Fitch Ratings indicates that small to medium enterprises account for about 25% of mark-to-market (MTM) losses booked in ‘structured’ and ‘exotic’ foreign exchange (FX) derivative contracts entered by the Indian corporate.
  • Ranbaxy sell-out — Indian entrepreneurs not come of age yet?: The intellectual maturity displayed by Indian businessmen and managers is not accompanied by the mental strength and emotional discipline that are the hallmarks of winners. Daiichi Sankyo’s managers might just have those qualities to take Ranbaxy to the next level, says SUMIT K. MAJUMDAR.
  • Jammu gets Udyog Bhawan: Jammu, June 16: Chief Minister Ghulam Nabi Azad today inaugurated the Rs 14.48 crore Jawaharlal Nehru Udyog Bhawan at Railhead here. andnbsp;The seven-storey complex to locate 11 departments dealing with industries sector in the state to provide facilities to entrepreneurs under one roof, is yet another long abandoned major development project in the state completed in a record time after the intervention of and close monitoring by the Chief Minister, an official statement said.
  • To be an entrepreneur, you need a disruptive idea: Infosys Chairman and Chief Mentor, N.R. Narayana Murthy talks about what it takes to be an entrepreneur in an interview with CNBC-TV18.

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

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