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Budgetary proposals such as initiation of quarterly payment of excise duty and hike in Central Value-Added Tax rate from 8% to 10% is expected to spur the domestic economy by generating more revenues, thereby also benefiting SMEs Although the Union Budget 2010-11 may not have conceded all the demands of the various small-scale industry associations in India, a few budgetary proposals have provide
Huge demand for herbal products in both domestic and international markets on account of increasing realisation of its wide range of benefits is likely to help the Indian herbal sector become an industry worth Rs 15,000 crore in 2015 Buoyed by the popularity of Made in India herbal products and upsurge in medicinal treatments across the world, the Indian herbal industry is growing significantly.
