Industry body CII today asked the government to announce a package, including creation of different funds, in the forthcoming Budget for Micro, Small and Medium Enterprises (MSMEs) to boost growth potential of the sector.
Market regulator Sebi today said that it was considering whether or not to allow loss-making companies to list on stock exchanges.
Despite two failed attempts before, India is once again preparing to launch SME exchanges. At 8% contribution to the GDP, there is no doubt the micro, small and medium businesses in this country need easier access to capital and exit routes for their investors.
The government is considering abolishing Securities Transaction Tax (STT) on trade of equity of small and medium enterprises on SME exchanges, which are likely to become operational by November.