Cost Of Credit Stunting SMEs Growth : Premnarayen
SME World|November 2016

Established 1907, the Indian Merchant Chamber was organized originally during the days of the British Raj to promote trade, commerce, and industry by Indian entrepreneurs.

Cost Of Credit Stunting SMEs Growth : Premnarayen

IMC has since played a significant role in consolidating Indian business interests and making the Indian economy self-reliant. It kept pace with and, in its own way, became part of the Indian struggle for freedom. It was the Chamber's dedication that made Mahatma Gandhi patronise it and accept, in 1931, its honorary membership, a rare honour bestowed upon any chamber of commerce in the country. Small wonder, its institutional records are part of the archives at the Nehru Memorial Museum & Library, New Delhi.

IMC's members and its network have been instrumental in Influencing policy frameworks and changes towards this goal and continually strengthening sectors that are critical to India's new phase of flourish and seeks out thought leaders and Industry spearheads to identify today's needs and catalyse the achievement of tomorrow's vision.

Deepak Premnarayen, President, IMC, in an interaction with SME WORLD.

Off late, there has been a lot of noise about ease of doing business in India. Have things really changed? If yes, how? If not, why not?

IMC sees a sea change in attitude of states, they are now aggressively competing with each other for investments, and consequently procedures are being sharpened.

DIPP has launched a rating ladder and states want to top the chart. The NDA government has launched several flawless diamonds which once set will give the economy a tremendous boost due to ease of doing business.

a. Launch of Bankruptcy code, GST

b. RBI going in for inflation targetingwww.smeworld.asia

c. Merger of SEBI and FMC

d. Moving credit control reforms from RBI to the Ministry of Finance

e. Re launch of corporate bonds on 4 Oct'16

Denne historien er fra November 2016-utgaven av SME World.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra November 2016-utgaven av SME World.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

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