Small traders and businesses with a turnover of up to Rs 2 crore will pay less tax if they accept payments through banking and digital means, Finance Minister Arun Jaitley said on December 19. He said in the budget for 2016-17 that small traders and businessmen with turnover of up to Rs 2 crore w…
Tag: Arun Jaitely
Small food clusters on the anvil
After the Finance Minister Arun Jaitely in his Budget speech proposed 100 per cent foreign direct investment (FDI) in food processing sector, the Central government has begun working on to establish small food clusters. Union Minister for Food Processing Harsimrat Kaur has said that the governmen…
Traders unhappy with budget
The Union Budget 2016-17 failed to impress local industrialists as they were hoping for more announcements to boost up the Micro Small and Medium Enterprises (MSME) sector. Industrialists feel Finance Minister Arun Jaitely had stressed on the agriculture sector and they had been neglected. Anurag…
Budget 2016 should enable & empower SMEs to be the growth engine of ‘Make in India’ | Raktim Das
A young country with 70% of its population below the age of 30 years, brewing with the spirit of entrepreneurship and a desire to tread the line of ‘Start up India, Stand Up India’ – that’s the new ‘Incredible India’. Juxtapose this with some of the comparative advantages that we enjoy like abund…
Reduce tax burden of start-ups: NASSCOM to FinMin
National Association of Software and Services Companies (NASSCOM) wants startup to be redefined and demanded tax sops for startups in the forthcoming general budget to be presented to Parliament by Finance Minister Arun Jaitely on February 29. In a pre-budget memorandum, NASSCOM demanded that st…