Exporters have urged the government to exempt them from all domestic indirect taxes while rolling out the Goods and Services Tax to make them more competitive in the global market. TS Bhasin, Chairman, Engineering Export Promotion Council of India, said while GST will be a major reform , exporter…
India considers Venture Capital Funds to discharge offsets
Overseas defense companies could invest in select Indian Venture Capital Funds (VCF) to discharge compulsory defense offsets if a proposal, currently under consideration, is implemented by the Indian Ministry of Defence (MoD), according to a Senior Ministry Official. Investments by overseas compa…
Google zeroes in on cloud offerings
With the Indian cloud computing market becoming increasingly competitive, Google is sharpening its focus on India for its Google for Work, a set of cloud-based offerings for enterprises, to raise productivity and internal collaboration. According to the company, India has become one of the fastes…
Foundry body launches skill training programme
The Institute of Indian Foundrymen (IIIF) has rolled out its own training programme Yogyata Vikas aimed at improving the skill levels of shopfloor workers at foundry units across the country. The first training session for a batch of 25 workers was launched on August 4 at Hinduja Foundries’ unit …
GST to cut red tape, help SME sector, says West Bengal Finance Minister
The uniform Goods and Services Tax (GST) is going to benefit Small and Medium Enterprises (SME) the most by way of cutting down bureaucracy and the existing layered tax structure, West Bengal Finance Minister Amit Mitra said. Mitra said SMEs feed large industries and that this is the most labour-…
Nasscom seeks changes in GST model law
While Indian IT industry body Nasscom said that the Goods and Services Tax (GST) Bill is a welcome move, it has also voiced some concerns on the GST Model Law. Nasscom has suggested certain changes to the finance ministry on self-declaration procedures, instead of multiple paper-work for registra…
External and internal R&D would benefit Pakistan and Indian SMEs
Small and Medium-sized Enterprises (SMEs) play a vital role in the economic growth of a country. Specifically, in developing countries where poverty, unemployment, low income per capita, low literacy rate, and high inflation and interest rates can hinder economic growth, SMEs contribute significa…
Centre’s flagship initiatives likely to get additional funds
National industrial corridors, ‘Make In India,’ ‘Start-up India’ and the national Intellectual Property Rights (IPR) policy may get a major fillip later this year in terms of additional Budgetary allocation. The Department of Industrial Policy and Promotion (DIPP) — the nodal agency for industria…
Startups using newer methods like videos and puzzles to teach mathematics
Parth Behani, a ninth grade student in Bengaluru, is challenged to look ‘beyond the obvious’ to solve math problems every weekend. For Behani, mathematics is a discovery of possibilities rather than just knowing formulas and scoring marks. Behani’s enthusiasm and attitude is tha…
Only clean social history can get small companies a loan
What does a small enterprise need to do to get a loan? In today’s world: Keep a clean social media footprint. Until a few years ago, Small and Medium Enterprises seeking a loan had to make multiple trips to banks or other lenders with company and project details, and could still go disappoi…