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FISME Newsletter - Vol II, Issue 13: July 1, 2012http://www.fisme.org.in/newsletters/July_15_2012/3 <strong>of</strong> 10 19-07-2012 PM 03:49Dear Readers,As far as industry is concerned,the verdict is clear. The RBIshould cut interest rates tostimulate industrial activity. Oursurvey <strong>of</strong> the mood among <strong>Indian</strong>MSMEs clearly indicatesoverwhelming support for a ratecut. All indications, however, pointto RBI governor sticking to its hardmoney policy to curb inflation.Interestingly, a recent presentationby a senior banker to FISME hashighlighted the critical role thatbusiness to business trade creditplays in the economy. New socialvalues <strong>and</strong> ethics arising from anerosion <strong>of</strong> confidence has led tothe mind-set that cash is king <strong>and</strong>as a consequence businesses areunwilling to <strong>of</strong>fer trade credit asreadily as they used to do in thepast. <strong>Small</strong> businesses whichreally more on such B2B tradecredit rather than bank credit havebeen severely impacted by thistrend. There is, therefore, a needto restore confidence amongbusinesses to boost the flow <strong>of</strong>B2B trade credit. Our survey thistime seeks to gauge the mood <strong>of</strong>MSMEs on this issue.EditorProperty Rights newsacross the world. To thebest <strong>of</strong> our knowledge, thisis the only <strong>Indian</strong> websitewhich <strong>of</strong>fers a one-stopshop for all IPR newsupdated on a real-timebasis. Just login to thewebsite <strong>and</strong> check out.Read MoreDo you think your business partners are now giving you lesstrade credit <strong>and</strong> for shorter tenures than in the past?Yes NoYou can also view onlinePlanning Commission survey on business environmentOn behalf <strong>of</strong> the Planning Commission <strong>of</strong> India, the Institute forCompetitiveness, New Delhi, is conducting a survey <strong>of</strong> <strong>Indian</strong> micro, small <strong>and</strong>medium enterprises to assess the business environment <strong>of</strong> each state <strong>of</strong>India. The response to the questionnaire will help the <strong>Indian</strong> government t<strong>of</strong>ormulate policies for improving business conditions in every state <strong>and</strong>enhancing the overall competitiveness <strong>of</strong> the country. All MSME readers arerequested to enthusiastically respond to the questionnaire. The questionnaireis available at http://competitiveness.in/india-competitiveness/planningcommissionor Download Questionnaire <strong>and</strong> will take around 20 minutes t<strong>of</strong>ill up.Macro MetreInflation eases to 7.25% in JuneInflation eased marginally in June but pressure on food prices remained whichcould make it difficult for the central bank to cut interest rates when it reviews
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