India will turn out to be a role model for the world economies, Cisco Chairman
The Dollar Business Bureau John Chambers, the Executive Chairman of Cisco Systems Inc was in India during the creation of the US-India Strategic Partnership Forum (USISPF). An ardent admirer of India, its culture and its government’s strategy and vision, John Chambers is confident that India will figure among the top three economic powers in the next 10 to 15 years. He believes that the country’s strength lies in the democracy and the partnerships it has with other countries. Chambers who is now the Chairman of USISPF declared that, ‘if he were to bet on one nation for future outside the US, it would be India.’ He predicted that India would turn out to be a role model for the world economies. "You will ...
Government makes it easier for MSMEs to get loans
The Dollar Business Bureau Based on the recommendations made by the Prime Minister’s Task Force report on Micro, Small and Medium Enterprises (MSME), the Reserve Bank of India (RBI) has asked the banks to achieve 20% year-on-year (Y0Y) target in credit to the MSMEs. This was informed by Giriraj Singh, Minister of State for MSMEs, in his written reply to the Rajya Sabha on Thursday, according to an official release. The RBI also advised the banks to achieve 10% annual growth in number of micro enterprise accounts and also to allocate 60% of the MSE advances to the micro enterprises. Besides this, the Indian government’s Credit Guarantee Fund Scheme for Micro and Small Enterprises will also facilitate the easy ...
