The BSE SME exchange is expecting 200 listings on its platform by the fiscal-end and 150 by the end of this month itself. The stock exchange is looking to raise Rs 500 crore via forthcoming listings of more than 50 SMEs on its platform by the fiscal-end. “As of now, 146 SMEs have already go…
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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…
Startups welcome GST but wary of fine print
While there is a general buzz of approval over the passing of the GST Bill by the Upper House of the Indian Parliament, there are some murmurs of disquiet as well. The startup community has unanimously welcomed the decision of the legislators but there are certain provisions which have given caus…
A myth that GST will negatively impact SMEs
With the passage of the uniform Goods and Services Tax in the Rajya Sabha, the Small and Medium Enterprises (SME) in the country are caught in a state of flux. The general perception is that GST may negatively impact SMEs as aspects like excise exemption will disappear when GST rolls out. Rajeev …
Exempt exporters from indirect taxes in GST: EEPC
Exporters have urged the government to exempt them from all domestic indirect taxes while rolling out the Goods and Services Tax to make them more competitive in the global market. TS Bhasin, Chairman, Engineering Export Promotion Council of India, said while GST will be a major reform , exporter…
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…
India considers Venture Capital Funds to discharge offsets
Overseas defense companies could invest in select Indian Venture Capital Funds (VCF) to discharge compulsory defense offsets if a proposal, currently under consideration, is implemented by the Indian Ministry of Defence (MoD), according to a Senior Ministry Official. Investments by overseas compa…
Google zeroes in on cloud offerings
With the Indian cloud computing market becoming increasingly competitive, Google is sharpening its focus on India for its Google for Work, a set of cloud-based offerings for enterprises, to raise productivity and internal collaboration. According to the company, India has become one of the fastes…
Foundry body launches skill training programme
The Institute of Indian Foundrymen (IIIF) has rolled out its own training programme Yogyata Vikas aimed at improving the skill levels of shopfloor workers at foundry units across the country. The first training session for a batch of 25 workers was launched on August 4 at Hinduja Foundries’ unit …
GST & MSMEs | Impact assessment
On August 3, 2016 Rajya Sabha has finally passed the much awaited 122nd Constitutional Amendment bill which allows GST to be implemented. It took around 16 years, since GST first got conceptualized by Vajpayee govt, but better late than never. Finally the Bill has been passed unanimously in the R…