Global leader in credit ratings and research, Fitch Ratings has said in its latest special report on the newly rolled-out Goods and Services Tax (GST) that the tax regime is probable to have a negative impact on the SME sector. “India’s new Goods and Services Tax (GST) is likely to have a b…
Startup India Hub crosses 1600 registrations within a month
The newly shaped-up Startup India Hub has attracted as many 1600 plus registrations within a month of its launch, according to an official tweet from the Startup India Twitter handle. The Startup India Hub was launched on June 19, 2017 by Commerce and Industry Minister Nirmala Sitharaman alongwit…
MSDE launches GST training prog to skill 2 lakh youth under 100 centres
The Ministry of Skill Development and Entrepreneurship (MSDE) has launched a national GST training programme under the flagship scheme of Pradhan Mantri Kaushal Vikas Yojana (PMKVY) to skill 2 lakh youths in 6 months with regard to tax compliance issues. Launched on the occasion of Second Anniver…
GST rollout: SMEs & industry veterans cheerfully put aside concerns
Heralding a new era in tax reforms, GST regime is finally here up and running, and despite initial skepticism, it has been hailed by the entire industry. Considered as a key factor in improving ease of doing business and paving the way for ‘One Nation-One Tax’, GST promises to make India one big …
SME IPOs raise whopping Rs 660 cr in first half itself of 2017
Small and medium enterprises (SMEs) have raised a staggering Rs 660 crore through initial public offerings (IPOs) in the first half of 2017, more than three-fold jump from the preceding year’s same period. The huge fund-raising can be attributed to reforms and initiatives taken by the government …
Simpler Insolvency & Bankruptcy Code likely to soon evolve for SMEs
The Government is keen to simplify the insolvency and bankruptcy code for partnership and proprietorship firms and evolve an efficient and low-cost code for SMEs, keeping in mind the job creation capacity of the sector. Given the increasing number of corporate loan defaulters, the Insolvency and …
Leg-up to Khadi: Raymond spins exclusive Khadi range to launch on Gandhi Jayanti
Fabric and fashion retailer Raymond has announced to launch the Khadi exclusive range ‘Khadi by Raymond’ on October 2, 2017 to mark Gandhi Jayanti. Forging a partnership with Khadi and Village Industries Commission (KVIC), the textile and apparel major is introducing the new range to promote Khad…
#MonsoonSession: PM kicks-off session with “growing stronger together” spirit of GST
Carry your umbrellas as the Monsoon Session of Parliament is going to rain bills. A total of 16 new bills will be introduced in both the houses of Parliament for consideration and passage. Apart from these, of the 21 bills pending in Lok Sabha and 42 in Rajya Sabha, many could be taken up and [&h…
RBI may revamp agriculture & MSE lending to spur employment
The Reserve Bank of India is looking to revamp the structure of State-Level Bankers’ Committees (SLBC) to facilitate agriculture, micro and small enterprises (MSEs), and other priority sectors’ lending for employment generation, said the bank’s Deputy Governor S S Mundra while addressing bankers …
Industrial township with dedicated MSME Hub likely to come up in Howrah
The hub will be a part of an upcoming industrial township in Howrah district, without disturbing any existing activity, which the government is likely to announce in coming three months, Sinha informed.
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