Oil Prices Continue To Rise With No Respite In Sight
Fuel prices in India are shooting up after a global rise in the price of crude oil. Petrol prices have risen to a staggering Rs. 76.57 per liter in Delhi. Diesel prices have also risen to Rs. 67.52 in Delhi. Domestic prices of petrol and diesel have gone up as high crude oil prices in the international markets, benchmark crude oil price for the Indian basket hit $ 76.43 per barrel last week the highest since 2014, and a weak rupee against dollar, which makes imports expensive, have forced the hands of the three state fuel marketing companies. India imports
Read moreGovernment Issues Clarification On The Exact Definition Of An M.S.M.E.
In a recent move, the Union Cabinet has changedd the classification of M.S.M.E. from ‘investment in plant and machinery/equipment’ to ‘annual turnover’. As per the new classification, enterprises with annual turnover less than or equal to Rs 5 crore fall under the ‘micro’ category, those between Rs 5 crore to Rs 75 crore as small enterprises, and those with turnover between Rs 75 crore and Rs 250 crore will be classified as medium enterprises. Further, there is no distinction between manufacturing and service units. One major advantage is that the new definition will ease the credit needs of the M.S.M.E. sector.
Read moreDigital Marketing Strategies That MSME’s Can Use To Boost Their Reach
An online footprint is necessary for any business to succeed in the Digital World. Mobile internet, social media, and big data are necessary for any company that is looking to maximize its reach. All businesses, whichever industry they cater to, need to generate the maximum possible return on investment (ROI) and maximize sales at the lowest cost-per-acquisition (CPA).To achieve this business-critical objective, there are multiple digital marketing strategies that are devised and implemented by all organizations. However, there is a common misconception that the micro, small and medium-sized enterprise (MSME) sector may not gain enough benefits trying to use the
Read moreGovernment planning to increase CGTMSE credit guarantee up to Rs. 50000 crore.
With a view to allay the trade finance woes of micro, small and medium enterprises(M.S.M.E.), the Union Government has planned to more than double the credit guarantee up to Rs.50,000 crore for 2018-19 under the Credit Guarantee Trust Fund For Micro and Small Enterprises Scheme(CGTMSE) set up by the MSME Ministry. To ensure credit availability to MSME’s, the government is also planning to discuss the promotion of FinTech Companies, with the RBI. The idea behind this is that Fintech companies can reach out to M.S.M.E.’s much better than scheduled and commercial banks. A.K. Panda, M.S.M.E. Secretary has said, ” We have
Read moreFollow These Tips To Manage Customer Expectations
Your sales team has just met its targets. There is jubilation across the office as a lot of new customers have been acquired. In case the orders exceed capacity, you invest in more resources to meet orders and revise targets for the team. But in all this excitement, make sure you don’t forget to meet the customer expectations of service. What are Customer Expectations? To understand a proper definition of customer expectations, try and go over your marketing pitch. You must have promised something to your customer. Your product or service must have been pitched, as one that had certain characteristics which
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