Printing of Rs 2,000 notes stopped about five months ago to step up the production of smaller bills, including a new Rs 200 note
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News
DBS Bank & Tally Solutions bring GST-enabled banking solution for SMEs
With a single login, SMEs can make payments, track payment transaction status and automatically send payment receipts, along with suppliers’ invoice details
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Trade deficit with China: Govt may soon impose anti-dumping duty on radial tyres
Imposition to boost domestic rubber manufacturing MSME units, procedure in progress Directorate General of Anti-Dumping and Allied Duties (DGAD)
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SIDBI operationalises merchant banking to push capital access of MSMEs
SIDBI has supported over 125 Venture Capital Funds, finds an extended service for listing the investee companies in SME exchanges through its merchant banking operations
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Easy loans come to rescue as SMEs inch towards GST
Banks releasing working capital loans for SME clients & providing own readymade SaaS-enabled platforms for easier GST compliance; Online lenders trying to tap into post-GST market
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GAIL to give wings to start-up ideas with corpus of Rs 50 cr
GAIL to mentor start-ups in core areas like natural gas & derivatives; Launches start-up web portal for proposal submission
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Telangana to encourage start-up establishment in state through slew of incentives
State to provide 100% reimbursement of paid stamp duty and registration fee on first transaction on sale/lease deeds and 50% on second through a start-up council
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GST impact: The good & bad for fintech & start-ups under new regime
For startups and new businesses, there is some relief as currently, a business with turnover above Rs 5 lakh had to register for and pay Value Added Tax (VAT), which would differ across states.
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Odisha may come up with credit plan for MSMEs to smoothen flow of loans
The Chief Secretary and Chief Development Commissioner of State Government A P Padhi directed officials to facilitate loans as well as allot lands to entrepreneurs to boost employment opportunities in the state.
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Skill India Mission: Maharashtra tops the skilling chart; UP & TN follow
Of total skill trained workforce in Maharashtra, 60 per cent women UP skills 8.5 lakh, while TN trains 8.45 lakh people across 1900 job roles
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