Printing of Rs 2,000 notes stopped about five months ago to step up the production of smaller bills, including a new Rs 200 note
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‘Working capital management could be an issue for MSMEs under GST’
The combined effect of monthly tax payments, receivables on account of a longer trade credit cycle, and possible delays in getting Input Tax Credit could see funds getting blocked
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Easy loans come to rescue as SMEs inch towards GST
Banks releasing working capital loans for SME clients & providing own readymade SaaS-enabled platforms for easier GST compliance; Online lenders trying to tap into post-GST market
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‘21st century India needs to sow seeds of skilled entrepreneurship’
A course on entrepreneurship for high school students has become the need of the hour to empower students to think out-of-the-box, look at unconventional ways for problem-solving and identify needs that have not been met, says Husien Dohadwalla
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GST impact: The good & bad for fintech & start-ups under new regime
For startups and new businesses, there is some relief as currently, a business with turnover above Rs 5 lakh had to register for and pay Value Added Tax (VAT), which would differ across states.
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Enterprise communication start-up Noticeboard bags $1.2 m from Stellaris Venture Partners
Enterprise communication platform for front-line teams in companies, Noticeboard has raised $1.2 million from Stellaris Venture Partners. Started by three former executives of Myntra, the company is going to use fresh funds to hire for key positions in technology and strengthen its product. Visha…
Access, enablement & affordability are key factors in digital journey of MSMEs: SAP India
Micro, Small and Medium Enterprises (MSMEs) need to adopt strong tech-enabled business models and processes to make them more efficient and achieve global competitiveness in the quest to become digital, said a top SAP India executive in an interview to IANS. At a time when large corporates as wel…
‘GST is a key catalyst for India’s fintech revolution’
Indian businesses have used a pen-and-paper mechanism for keeping records for over 60 years now, and GST has toppled the proverbial apple cart in a big way. Small businesses who have never used an invoicing or return-filing software before now have to use digital solutions.
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How RBI can empower NBFCs to face challenges
A survey conducted across 540 SMEs by the Firstbiz and Greyhound Knowledge Group in 2016 reports, that over 500 SMEs in this country found ‘lack of easy finance and credit instruments’ to be their most critical challenge.
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‘GSTN & UPI will extend lending hands to finance starving MSMEs’
GSTN will bring online seven million organizations and five billion invoices every month, while street-side micro-entrepreneurs will soon be able to leverage their transaction data through Unified Payment Interface (UPI) apps to access micro-loans
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