FDI jumps 37% to $10.4 bn during April-June this year
The Dollar Business Bureau Foreign direct investment (FDI) into India surged by 37% to $10.4 billion during the April-June quarter of current financial year, Department of Industrial Policy and Promotion (DIPP) said on Monday. According to the DIPP data, India had received FDI amounting to $7.59 billion during the first quarter of 2016-17. The key sectors which attracted the maximum inflow of foreign investments include services, trading, telecom, automobile and computer software and hardware. The countries from where the bulk of FDI came into India are Japan, Mauritius, the Netherlands and Singapore. The Government has announced various measures for attracting foreign inflows that include improvement in business climate and liberalisation of FDI policy. FDI is considered vital for India as it needs about $1 trillion to ...
Training must for the success of the new software for SMEs: Expert
Jayarama Emani | The Dollar Business An appropriate training mechanism will further strengthen the cause of the new software for the small and medium enterprises (SME) software launched recently, opined an expert. Speaking exclusively to The Dollar Business, Tamal Sarkar, Director, Foundation for MSME Clusters (FMC) said, “Micro enterprises do not have the capacity to understand basic formal accounting. They mostly look at accounts on cash rather than on accrual basis. It is important that we create appropriate training mechanism for the same.” Stating that the software is a welcome step by the government, Sarkar also added, “It will be important to provide such software in local language, for higher pick-ups and further strengthen the cause of the software.” ...
