As the Union Finance Ministry gears itself up for the final rollout of the new uniform goods and services tax (GST) from July, the small businessmen and entrepreneurs are getting anxious about how to cope with the post-rollout scenario. A National Toll Free GST Helpline (1800 103 9271) – se…
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UK spy agency hires Indian start-up for cybersecurity programme
Bengaluru: The next time a hacker tries to break into a British bank, chances are that technology from a small Indian startup will detect the hack. Earlier this month, Britain’s top communications spy agency GCHQ (Government Communications Headquarters), which had cracked Nazi Germany’…
Note ban-hit MSME sector expects budget to provide succour
Bengaluru: The micro, small and medium industries (MSME) sector wants the Union government to come up with remedial measures in the Budget. MSMEs have been one of the worst-hit by the demonetisation move as most firms use cash to do business. They now want the government to compensate them with m…
Gujarat planning to launch dedicated MSME e-Commerce platform
Ahmedabad: To promote Micro, Small and Medium Enterprises (MSMEs) in the state, the Gujarat government is planning to launch an e-commerce platform enabling them to buy and sell products online. The state government has already started developing the platform, called MSME Exchange, apart from cre…
Budget 2017: FM should announce incentive on cashless transactions, better IT backbone
Reserve Bank of India might not have officially acknowledged, yet over 95 per cent of the demonetized currency of 500 and 1000 notes has returned into circulation. The Government still hopes to unearth 3-4 lakh crores of unaccounted wealth, deposited in the banks. Income Tax department with help …
LetsTransport gets Rs 27 cr in Series A funding
Last-mile logistics provider LetsTransport gets Rs 27 crore in a Series-A round of funding led by Japan’s payment gateway company GMO and Neelesh Bhatnagar, Former CEO of Landmark Arabia. The company, started in 2015, had previously raised a seed round of Rs. 8 crore from Singapore-based Re…
Promote textile tourism between India, Bangladesh: Irani
Union textiles Minister Smriti Irani has called for promoting textiles tourism between India and Bangladesh and modernising infrastructures at the borders of the two countries to encourage border haats. She also emphasised on the need to promote business cooperation in jute and fabric segments to…
The Nudge Foundation launches an incubator for non-profit ventures
The Nudge Foundation, a Bengaluru-based non-profit focused on poverty alleviation and which is backed by Nandan Nilekani, Tata Trusts and a host of industry bigwigs, is launching what is perhaps the first ever incubator to support non-profit ventures working towards pulling people out of poverty.…
Budget 2017: Time to extend the tax sops to SME
Be it Make in India or Skill India, all efforts to a sustainable economic growth and development are not possible if there is no strong small and medium enterprises (SME) sector in the economy. SME contributes approximately 45% of industrial output and 40% of exports. That makes an important cont…
Budget 2017: Nasscom seeks removal of angel tax, MAT exemption for start-ups
Reduction of long term capital gain tax, allowing tax sops for angel investors besides exemption from minimum alternate tax are some of the key recommendation suggested by India’s apex technology industry body Nasscom to the Finance Ministry ahead of the Union Budget 2017. In a note, it sug…