India Small Business News Round-up – 2009/02/19

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:

  • Stanford curtails financing amid probe report: NEW YORK (Reuters) – Texas billionaire Allen Stanford’s offshore bank, which is under federal investigation, recently curtailed financing commitments to two small firms, The Wall Street Journal reported on its Web site on Saturday, citing regulatory filings.
  • India market crucial as global IT spend dwindles: Feb. 15: There are divergent views on how fiscal year 2010 will shape up for the Indian IT industryMuch of the optimism around the industry’s exports growing 16-17 per cent in FY09 stems from the fact that exports had jumped 22-23 per cent in the first six months of the year, until September 2008. Growth has now slipped into single digits.
  • Self – employment is the need of hour:H.P. Kumar, chairman-cum-managing director of National Small Industries Corporation (NSIC), a public-sector organisation of the government of India, has a long years of experience of dealing with promotion, development and financing of micro, small and medium enterprises. He talks to C. Jayanthi about the assistance that NSIC is able to provide to small amd medium enterprises in times of recession, training for entrepreneurs and developing relations with SMEs in other countries. Excerpts from the interview:
  • Chech entrepreneurs look at investment options in northeast: New Delhi, Feb 18 (IANS) A Czech business delegation visited the northeast at the end of last year to explore investment opportunities in the region, Minister of Development of North Eastern Region Mani Shankar Aiyar informed the Lok Sabha Wednesday.
  • Hidden tax tips for entrepreneurs: Twenty-five tax deductions you may not have heard of—but should

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

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