One may think the new-age startups have no relevance to the society, just serving as a mobile app for the tech-savvy people. However, recent news about these startups has a different story to tell. They address the problems of the most rejected segment of the society- farmers. While production of…
Delhi gov to raise threshold limit of luxury tax
In order to reduce burden on tourists and make it easy for small hotels to do business, the Delhi government has introduced an amendment bill in the assembly to raise the threshold limit of luxury tax from Rs 750 per day per room to Rs 1,500 per day per room. Introducing the Delhi Tax on [&hellip…
Capital Float, Payworld to enhance Indian grocery stores
Capital Float, the largest digital lending platform in India, has partnered with Payworld to provide kirana (grocery) store owners with convenient financing options, enabling them to expand business operations. Small retailers are often underserved by traditional financial institutions because of…
Assam now the fore-runner among Indian states to implement GST
The BJP led state of Assam made headlines by being the first state ever to pass the Goods and Service (GST) tax Bill. The GST is the biggest reform in the country’s indirect tax structure. The 122nd Constitutional Amendment was recently passed by the Rajya Sabha, and was passed by the Lok Sabha o…
Central Cottage Industries enables online payments
The Central Cottage Industries Emporium, an undertaking of the Textile Ministry has enabled online payments. It is the single largest emporium for authentic handloom and handicraft products to enable digital payments. The emporium promotes handicrafts and handlooms on various platforms and sells …
Karnataka highly preferred IT investment state in last fiscal: ASSOCHAM
Karnataka has emerged as the most preferred investment destination in the country. The state attracted Rs 53,396 crore investments in the IT sector last financial year, a nearly 25 per cent of total Rs 2.2 lakh crore from both public and private sources across the country, says Assocham report. C…
Nimala Sitharaman launches e-Marketplace to ensure transparency in governance
Aiming to ensure greater transparency and revolutionise government procurement, Commerce and Industry Minister Nirmala Sitharaman has launched the Government e-Marketplace (GeM), an official statement said in New Delhi. The Directorate General of Supplies and Disposals (DGS&D) has developed t…
Jaya announces e-procurement of paddy
Tamil Nadu Chief Minister J Jayalalithaa has announced in the assembly that the government would introduce e-procurement of paddy from farmers. The scheme, which will cost Rs 13.43 crore, will be implemented this year, the Chief Minister said. She told the Assembly that the e-procurement scheme w…
Raghubar Das announces maiden investment campaign ‘Momentum Jharkhand’
The Government of Jharkhand has launched its maiden investment promotion campaign branded ‘Momentum Jharkhand’. Meant to promote a ‘Digital Jharkhand’, the event opened with the unveiling of the brand logo and launch of the campaign website momentumjharkhand.com. Addressing delegates, Chief Minis…
All India MSME Forum lauds GST; calls it a remarkable Bill
All India MSME Association (AIMA MSME), one of the representation body recognized by the MSME Ministry for the small and medium enterprises has appreciated the passage of GST Bill by Rajya Sabha on August 03, 2016. “Not just the MSME, but across the industries, I am sure this will give a positive…