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Interest subsidy given to MSEs likely to result in nearly 3 times rise in govt's indirect taxes: Crisil

Interest subsidy given to MSEs likely to result in nearly 3 times rise in govt's indirect taxes: Crisil

Tue, Jan 24, 2017

Interest subsidy of Rs 1 crore given to micro and small enterprises (MSEs) is likely to generate nearly three times rise in the government's indirect taxes resulting in creating 38 jobs and increase in revenue and profitability of MSEs, said Crisil in its latest report. 

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