The commerce department has flagged a series of concerns on the mechanism devised for goods and services tax (GST) and said it would not be beneficial for exporters. To begin with, the biggest concern is related to the plan to let exporters pay the taxes and then get a refund after sending shipme…
Yoga is a part of so many lives, connects the whole world: PM Modi
Prime Minister Narendra Modi kicked off the International Yoga Day celebrations from Lucknow with Uttar Pradesh Chief Minister Yogi Adityanath and almost 50,000 participants. While kicking off the global event he said that “Today, Yoga has become a part of so many lives. Yoga’s popula…
No excuse for firms not to be ready for GST: Arun Jaitley
Finance Minister said enough time has been given for GST preparation He claimed 6.5 million firms have registered for GST He also said he expected there to be “some challenges” in the short term after the launch Companies have been allowed to file simplified, aggregate tax returns in …
GST launch at midnight: Here are the program details
GST launch will take place exactly at midnight of June 30 and July 1 GST will be launched in the presence of President Pranab Mukherjee There will be a 1-hour program at the launch Finance Minister Arun Jaitley on June 20 shared the contours of the GST (Goods and Services tax) launch program on t…
How start-up CoinTribe is helping SMEs get loans quickly
Having spent most of their professional life in the banking and financial sector, Amit Sachdev, Rohit Lohia and Manish Chaudhari finally decided to start their own financial services company. The three had had a particularly close look at SME lending. “As consultants, we were exposed to the banki…
Cabinet may give nod to Rs 2k cr Credit Guarantee Fund in July
The proposed credit guarantee fund that will help startups get collateral-free loans is likely to get the cabinet nod in July. The fund, with a total corpus of Rs 2,000 crore, was announced in January 2016 by Prime Minister Narendra Modi to enable greater financial support for startups. “We…
Delay in IT security clearance not to affect GST launch: Arun Jaitley
Finance Minister Arun Jaitley said GST rollout will not be impacted by any delay in security clearance to GST Network, the IT backbone provider for the new indirect tax system. “It (GSTN) is already functioning,” he told reporters here. Security clearance to GSTN is a “procedura…
India needs its MSMEs to go cashless: Report
Almost eight months after demonetisation, India is slinking back to using cash as its primary mode of financial transactions. While the government has undertaken several initiatives to induce the consumers to go digital, a report by the Boston Consulting Group (BCG) predicts that it would be far …
Unbxd raises $12.5 m in series C from Infosys Cofounder & others
Unbxd, the cloud based product discovery platform for e-Commerce, has raised 12.5 million dollars in Series C funding led by Eight Roads Ventures, the proprietary investment arm of Fidelity International Limited, and from existing investors IDG Ventures, Inventus Capital Partners and Nirvana Vent…
TIIC conducts loan mela for MSMEs
Tamil Nadu Industrial Investment Corporation (TIIC) is aiming to disburse loans to the tune of Rs1,800 crore for entrepreneurs, micro, small and medium enterprises across the State, said a top official here on June 19. Kirubakaran, General Manager, TIIC (Projects), said that the State-run financi…