Be it Make in India or Skill India, all efforts to a sustainable economic growth and development are not possible if there is no strong small and medium enterprises (SME) sector in the economy. SME contributes approximately 45% of industrial output and 40% of exports. That makes an important cont…
Budget 2017: Nasscom seeks removal of angel tax, MAT exemption for start-ups
Reduction of long term capital gain tax, allowing tax sops for angel investors besides exemption from minimum alternate tax are some of the key recommendation suggested by India’s apex technology industry body Nasscom to the Finance Ministry ahead of the Union Budget 2017. In a note, it sug…
जीएसटी पर कई फैसले देश हित में नहीं : अधिकारी संघ
भारतीय राजस्व सेवा (आइआरएस) अधिकारियों के संगठन ने जीएसटी काउंसिल के कुछ फैसलों पर निराशा व नाराजगी जताई है। करीब तीन हजार आइआरएस अधिकारियों वाले इस संगठन ने दावा किया है कि हाल में जीएसटी काउंसिल द्वारा लिये गये कुछ फैसले देशहित में नहीं हैं और आने वाले समय में सरकार को राजस्व वसूली और [……
MSE interest subsidy can triple indirect taxes: CRISIL
New Delhi: An interest rate subsidy of Rs 1 crore to Micro and Small Enterprises (MSEs) can generate nearly thrice as much in indirect taxes, create 38 jobs, and also increase revenue and profitability of MSEs in the near-term, an analysis by CRISIL SME Ratings said here on January 24. Putting it…
Demonetisation hit SME sectors output, wages: Report
New Delhi: SME sector witnessed slowdown post demonetisation, resulting in fall in production, wages and employment, according to a study by the India Development Foundation. However, there has been no “discernible impact” on prices and supply of agriculture commodities, the research …
Incentivise automation in manufacturing to give a boost for Make in India
Automation industry is in an evolving phase. There are many factors which are considerably changing the outlook of the industry such as ever-increasing need of complying to global standards, the constant need for improving operational excellence, desire for zero defects, productivity and quality …
Ricoh embraces Brocade Fabric Technology to transform cloud data center
Brocade (NASDAQ: BRCD) announced that digital imaging giant Ricoh Company, Ltd. (TYO: 7752) has migrated to an Ethernet fabric network within its Yokohama data center. The deployment of switches supporting Brocade Fabric technology enables Ricoh to greatly reduce network operating costs and compl…
India may face the heat to open up an e-Commerce sector
India is likely to face pressure from developed countries to open up its e-commerce sector. G-20 has for the first time asked various countries, including India, their views on e-commerce. In three issue notes circulated to the governments of member countries, the forum has asked for views on enh…
SME loan portfolio to witness 15% growth
Coimbatore: Despite remaining flat till December 2016, the loan portfolio for Small and Medium Enterprises (SMEs) is expected to register 15 per cent growth this fiscal, a top official of Lakshmi Vilas Bank said. LVB extended loans worth Rs 1,000 crore to Rs 1,500 crore to SMEs in the last fiscal…
Security tech start-up Seclore bags three deals from govt
Bengaluru: Security tech startup Seclore Technology, which provides enterprises with digital rights management solution, sees huge business opportunity in the Indian security space. The Sistema Asia Fund-backed startup has recently signed up with three security-based projects with the Indian gove…