Standing on a long wooden table, Manoj is putting the finishing touches to Red Fort — a painting showing an elaborate gathering of people turning up for an Independence Day event. Just behind him, labourers are busy carrying the dark green coloured carpet, broken chairs, old upholstery and dilapi…
GST rollout: A mixed bag of pains & gains for SMEs
India has an estimated five crore small and medium enterprises (SMEs) that form the backbone of the economy. How will the implementation of the goods and services tax (GST) impact the sector, which contributes 50 per cent of the industrial output and constitutes India’s 42 per cent export earning…
Star-studded GST launch: Here is full guest list for Midnight bash at Parliament
GST rollout: After years of inputs and months of speculation, the Goods and Services Tax or GST rollout will finally take place today during a midnight session in Parliament’s Central Hall. The hall itself is of historic significance as the last time it hosted a midnight event, it was in 1997 on …
GST Rollout: P Chidambaram says India underprepared for new tax regime
While the Centre is ready to launch the ambitious Goods and Services Tax (GST) on a grand note on July 1, former Finance Minister P Chidambaram feels that the country is underprepared to come up with this new tax regime. A day ahead of the special midnight June 30-July 1 meeting convened by the N…
GST Rollout: How GST will affect businesses that don’t pay tax
Rakesh Sachdeva sells auto parts in a busy market in central Delhi, just a few miles from Prime Minister Narendra Modi’s office. Yet despite having a flourishing business he does not pay any tax. Until now, his rundown premises and small scale operation has kept the business below the radar of In…
Abhinav Bindra’s Shooting Star invests $1 m in FITPASS
Olympic gold medal winner Abhinav Bindra’s venture fund Shooting Star and Franchise India Brands, led by Chairman Gaurav Marya, have invested $1 million in FITPASS, a New Delhi-based provider of access to gyms and fitness studios across multiple locations for a monthly fee. The current inve…
What GST will change, what you could change
What we buy , how we buy and why we buy are questions that have for long fascinated anthropologists. But GST is expected to add a new twist to the tale of Indian consumerism. Cited as the “single largest taxation reform” in independent India, GST is set to change taxation for every se…
Small business owners feel jittery over GST
GST rollout may prove to be a bumpy ride for small businesses in Tamil Nadu, Andhra Pradesh and Telangana, according to multiple business people spoke to. While larger companies have either already aligned their systems with GST or are in the last leg of the process, uncertai…
10 things Revenue Secy, Hasmukh Adhia wants to convey about GST
With just two days to go for the GST rollout, the single-largest tax reform since Independence, there have been some doubts and confusion hovering in the minds of small businesses and general public at large over the transition. Accepting that implementation may see some hiccups in the init…
Maharashtra CM inaugurates fintech start-up accelerator ISME Ace
Indian School of Management and Entrepreneurship (ISME) Ace, India’s largest FinTech Accelerator Program, was inaugurated by Maharashtra Chief Minister Devendra Fadnavis. The program is managed by the Three Sisters Institutional Office. The specialised accelerator programme was launched in Mumbai…