India Small Business News Round-up – 04/12/2008

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from India:

• NBFC prefer sitting on funds to lending: Many NBFCs are still sitting on large amounts of cash and yet not funding businesses and borrowings, mainly the SMEs, because NBFCs are not sure if the money lent now will ever be repaid.
• WinWeb’s OnlineOffice is Entrepreneurs Online Support Service: The Belfast Telegraph writes about entrepreneurs and small business owners needing services and support at an affordable cost. Small business is most venerable during times of recession and credit crunch, receiving affordable support is essential if these small businesses are to survive in this harsh economic environment.
• Sever tailored to midsize businesses launched: As part of its efforts to enable small and medium businesses (SMB) through increased investments in the SMB space, Microsoft India Pvt Ltd on Tuesday announced the availability of Windows Small Business Server 2008 (SBS2008) and Windows Essential Business Server 2008 (EBS2008).
• Partnership to nurture SME entrepreneurs: Many NBFCs are still sitting on large amounts of cash and yet not funding businesses and borrowings, mainly the SMEs, because NBFCs are not sure if the money lent now will ever be repaid.
• PM must end graft in I-T: The takeover of the finance portfolio by the Prime Minister, Dr Manm-ohan Singh, has raised high hopes of the tax payers — particularly among small industries and individuals. They hope that Dr Singh eases the process of filing returns, puts computerisati-on on the fast track and controls corruption efficiently.
• First World SME Conference in Delhi:Business consulting firm with a focus on small and medium enterprises Milagrow Business & Knowledge Solutions Pvt. Ltd. will be organizing the 1st World SME Conference in New Delhi on December 12-13, 2008.
• SMB data protection practices not on pace – CIOL News Reports: “A lot of small business owners don’t think data loss can happen to them,” said Susan Shea Cameron, Ed.S., BCBA, clinical director and partner, Cameron Consultation. “When the hard drives failed on our company computers, our work came
• Entrepreneurial India: As Indian entrepreneurial ventures continue to play a major role in driving India’s growth story, it is critical to assess the conduciveness of thebusiness ecosystem in India. We need to estimate, whether or not we have an ecosystem

As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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