Budget 2017 left much to be desired for the startups. The budget which focussed more on propelling the digital economy of the country gave some concessions to the startups while holding out on some of the major demands of the startup community. Here are the top announcements concerning startups a…
Budget 2017: A thumbs up for ‘Digital India’ – FM unveils series of reforms
In a big push to digital economy, Finance Minister Arun Jaitley in his Budget announced a plan to boost digital transactions by removing service tax on railway tickets booked via IRCTC portal, establishing a travel portal for Indian defence forces and launching Aadhaar Pay, a merchant app for Aad…
बजट 2017: आम बजट से मध्य प्रदेश में MSME सेक्टर खुश
वित्त वर्ष 2017-18 के लिए 1 फरवरी को पेश आम बजट का मध्यप्रदेश के सूक्ष्म लघु और मध्यम उद्यमों (एमएसएमई) ने स्वागत किया, जबकि सोयाबीन प्रसंस्करण उद्योग ने अपनी दो अहम मांगें पूरी न होने के चलते इस पर निराशा जताई। एमएसएमई क्षेत्र के प्रमुख संगठन एसोसिएशन ऑफ इंडस्ट्रीज मध्यप्रदेश के सचिव योगेश मेहता…
Labour Ministry seeks early passage of Amendment Bill to Wages Act
Union Labour Minister Bandaru Dattatreya said his Ministry will seek the passage of Amendment Bill to Payment of Wages Act in the Parliament for allowing business and industrial establishments to pay salaries to their workers through cheques or electronic modes. The Government had in December Las…
Budget 2017: Fails to assuage key concerns of start-up community
New Delhi: With falling investments and failing startups, the startup world was hoping for the government to take away the main pain points of its industry. While a few concerns were addressed by the Finance Minister Arun Jaitley during his Union Budget speech in the Parliament, the larger issues…
Budget 2017: Steps in Budget will infuse more cash flow for MSMEs
The government steered clear of a bold reform step of cutting the corporate tax rate and removing a range of exemptions. Instead, it proposed to reduce the income-tax rate for micro, small and medium enterprises to 25% from 30% previously. It also allowed credit for minimum alternate tax to be ca…
Aligning with Union Budget 2017, SAP launches SAP S/4HANA private cloud enabling midsized companies to go digital
Aligning to the Union Budget 2017, SAP SE (NYSE: SAP) today announced the launch of SAP S/4HANA Private Cloud, the next generation business suite tailored for midsize companies, which will be available at a simple and affordable subscription pricing. With increased impetus for digital, cashless t…
Budget 2017: Tax window extension for start-ups just an eyewash, say experts
Finance Minister Arun Jaitley on February 1 announced that small and medium enterprises in the country with a turnover of less than Rs 50 crore will now be taxed at a flat rate of 25 percent. The move is likely to positively impact 96 percent of businesses in India. Earlier, the SMEs were being t…
Budget 2017: Start-ups get more time to choose their 3-year tax holiday
No gain, without pain is the verdict from startups and investors on tax measures unveiled in the Budget. Income tax rebates for startups have been extended for three out of the first seven years since incorporation. The industry is cheering the move to allow startups -certified under the IT Act o…
Budget 2017: SMEs to gain from tax cut amid pain due to demonetisation: EEPC
Mumbai: Cut in corporate tax for the companies with turnover of Rs 50 crore or below would befit small and medium enterprises engaged in the export sector, said Engineering Export Promotion Council of India’s Chairman TS Bhasin. In the Union Budget for 2017-18, Finance Minister Arun Jaitley has p…