Financial Daily from THE HINDU group of publications
Tuesday, Sep 06, 2005

Port Info

Group Sites

Industry & Economy - SSI

Draft SME Bill to be passed in next Parliament session

Our Bureau

Coimbatore , Sept. 5

THE draft Bill on small and medium enterprises (SMEs) will be passed during the next session of Parliament, according to the Union Finance Minister, Mr P. Chidambaram.

The report from the Cabinet Committee on the SME Bill has been forwarded to the Government.

Talking to newspersons here at the sidelines of the launch of the SME Rating Agency of India on Monday, he revealed the Government's intent on revamping the role of the Small Industries Development Bank of India (SIDBI) that has presented to the Government a new business model.

"It is felt that SIDBI's current business model is flawed. The proposal on the new business model has been received and it is on my table,'' Mr Chidambaram said without indicating when the Government would initiate its move on this.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page


Stories in this Section

Monsoon active in South again
Cement cos may cash in on export boom
Go in for eco-friendly Ganesh idols: Greens
India Inc wants FTA in services with EU, says Assocham survey
UAE's free trade zone opens office in Mumbai
Kerala: Cabinet panel clears VRS schemes for PSUs
Decision on fuel price hike likely today — PM tells Left there's no alternative
Oil PSUs moot dual pricing to cut losses
Raha skips Dhaka visit on `health grounds'
Vaccine majors make beeline for Indian market
Power-deficit Gujarat struggling to keep pump sets running — Imposes 4-day week on industry
Region-specific tax breaks distort businesses
RBI proposes one-time settlement for SMEs
SME rating agency launched — 'Centre will ensure higher credit flow to SSI units'
Draft SME Bill to be passed in next Parliament session
`Deforestation, sand mining bring water table down'
Educational loans: Chidambaram concern over high interest rates
Coaching institute's target
Newsprint sector betting big on new launches in print media
Allow self-certification for large taxpayer unit scheme too: India Inc
Tech upgrade fund for foundry sector urged
IIIT-H aims big in artificial intelligence
New iron ore mining policy on the cards
Strict adherence to coastal zone regulations urged
International furniture fair in Mumbai next month
Kochi B2B meet begins today
To sir, with love!
CAs, industry groups to have a say in new income-tax code
IT, ITeS exports to grow by 35%, says Nasscom
Competition makes things tough for tea exports
Uttaranchal to focus on tourism infrastructure
Rajasthan to roll out 2 more luxury trains
Travel agencies face shortage of manpower
Karnataka to focus on infrastructure for eco-tourism

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line