Big on Losses

India Today - - MAIL -

Con­stant in­creases in in­ter­est rates hit small and medium en­trepreneurs the hard­est (“Big Hikes Hurt Small Play­ers”, Novem­ber 7). Ow­ing to stiff com­pe­ti­tion, the small busi­ness­man is al­ready sur­viv­ing on a slim profit mar­gin. He is also deal­ing with ris­ing in­fla­tion and fall­ing de­mand. There ex­ists a strong case for ex­tend­ing con­ces­sional rates of in­ter­est to help them tide over the cri­sis. V.K.TAN­GRI, Dehradun There is no doubt that high in­ter­est rates have im­pacted the prof­its of smaller com­pa­nies more than oth­ers. Those with high debt ex­po­sure are worst off. There is ur­gent need to in­su­late small and medium enterprises from run­away in­ter­est rates. SHEKHAR KU­MAR, New Delhi

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