New Delhi: Asia’s oldest stock exchange BSE created history on February 3rd, as its shares got listed at a 34.62 per cent premium on rival NSE at Rs 1,085 compared with an issue price of Rs 806. At 10.02 am, the stock was trading 40.19 per cent higher at Rs 1,130. This is the first-ever [……
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Budget 2017 showcases govt’s strong focus to change status quo of nation: Vivek Naidu, Kodak Alaris India
The Union Budget 2017-18 showcases the government’s strong focus to change the status quo of the country, from a ‘developing’ to ‘developed’ economy. A few aspects outlined in the budget clearly emphasises this stance, namely through the allocations stipulated for the housing and SME sector and i…
Jaitley provides tax breaks to start-ups and SMEs, but their concerns remain
The Union Budget 2017 seeks to strengthen the push to a digital and cashless economy. It is good on intentions and takes baby steps towards a digital India, the move which was kick-started with the demonetisation drive. The Budget, which revolved around farmers, youth and affordable housing, also…
NIESBUD joins hands with Anuna Education for e-Commerce entrepreneurship training of Indian clusters
New Delhi: National Institute of Entrepreneurship and Small Business Development (NIESBUD), an autonomous body under Ministry of Skill Development and Entrepreneurship, has signed a MoU with Anuna Education for implementing pan-India e-Commerce training for industrial/artisan clusters and village…
Budget 2017: A hit or a miss for entrepreneurship in India? Start-ups respond
The biggest day on India’s policy calendar had a slew of announcements directed at the middle class and the rural sector, but few that shone a spotlight on the burgeoning startup ecosystem in India. India’s payment industry, however, has much to cheer about with the proposed regulator…
Arun Jaitley’s Union Budget didn’t address key concerns of start-ups & SMEs
Budget 2017 has provided tax exemptions to small and medium scale enterprises (SMEs) and start-ups. SMEs got a drop of five per cent on the tax rate, which according to Finance Minister Arun Jaitley, would benefit 96 per cent of businesses. However, what it doesn’t do is to come up with an energi…
Budget 2017: ‘Big Relief’ to MSME sector, says Kalraj Mishra
New Delhi: Asserting that the Budget provides a ‘big relief’ to the MSME sector, Union Minister Kalraj Mishra today said announcements like the lowering of income tax for smaller firms and doubling the lending target under MUDRA Yojana will benefit small entrepreneurs in the country. …
Budget 2017: Cheer for SMEs after the pain of demonetisation
The Finance Minister has taken a bold position by increasing the fiscal deficit to 3.5% as against the initial expectation of 3% on the back of substantial increase in expenditure to boost Rural India, Infrastructure and various other growth projects. The key to success will be effective executio…
A good year for SMEs Cut in income tax in budget 2017 most welcome
A cut in income tax by 5% that would benefit 96% of Indian companies and presumptive tax reduction of two percentage point to 6% means the beleaguered SME sector that was hit hard by demonitisation has something to cheer. Announcing the Union Budget for 2017, Finance Minister Arun Jaitley said MS…
Budget 2017: What this Budget meant for start-ups & MSMEs
Budget 2017 left much to be desired for the startups. The budget which focussed more on propelling the digital economy of the country gave some concessions to the startups while holding out on some of the major demands of the startup community. Here are the top announcements concerning startups a…