by Rajen KumarMiddlemen Rule PSU Banks
The Union Finance Ministrys recent advisory to the public sector banks to take a tough stand while sanctioning loans to the corporate houses is, to say the least, amusing. The advisory,...
Special ReportsOct 2013
Association of Healthcare Providers India AHPI represents the vast majority of healthcare providers in India to work as not for profit organization for advocacy with...
Is Barter Black
Singapore has come as a pioneer in taking up the old world mechanism which is queerly but efficiently working its way to help small and medium enterprises to come together and barter trade their excessive inventory in return for things which they will otherwise use cash to buy. However this transaction is not through one-to-one direct barter. Barter is facilitated through two online barter exchanges- Barter Vista and BarterXchange.
At Barter Vista business owners, especially small and medium enterprises come together to barter trade their products. At present Barter Vista have about 400 members.
From business to beauty, there is something for everyone on the barter websites. Users of the website pay a onetime joining fee of $520. Members who offer their services earn a barter currency which can be traded for products or services. For every transaction conducted, Barter Vista charges a cash commission.
The most popularly traded services are printing, marketing, public relations and advertising. In these times when businesses are having a hard time with their cash flows, barter trading can be useful for those with spare capacity or facing the down time. Chew Chee Yong, Managing Director of Barter Vista expects the site's trade volume and membership to double by the end of 2009.
- Winner of appreciation award for promoting SMEs in India.
- 1st ever Indian magazine to penetrate tier II, III cities & the rural belt.
- Industry Partnerships include CII, FICCI, ASSOCHAM, PHDCC, AIMA, ITPO, SME Network, Federation of Indian Micro Small Enterprises (FISME)
- Official Magazine Partners for several national & international MSME events.
The Last Word
Of the 80 odd seasons that he has been through, he savoured less springs and suffered more rains, proverbially. Not that time took a toll on his age, it was his own siblings who dumped, nay disowned,...
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