Implementation of the goods and services tax (GST) will be positive for India’s rating as it will lead to higher gross domestic product (GDP) growth and increased tax revenues, Moody’s Investors Service said. “Over the medium term, we expect that the GST will contribute to produ…
Tag: GDP
GST to simplify trade & boost GDP growth: Narayana Murthy
Infosys founder N R Narayana Murthy believes the goods and services tax (GST) will simplify trade, boost the economy, and generate jobs. While the GST Network might encounter a few teething problems, that was part of any large implementation, he said in an interview. Q: Do you think implementatio…
GST Rollout: How GST will affect businesses that don’t pay tax
Rakesh Sachdeva sells auto parts in a busy market in central Delhi, just a few miles from Prime Minister Narendra Modi’s office. Yet despite having a flourishing business he does not pay any tax. Until now, his rundown premises and small scale operation has kept the business below the radar of In…
MSME gaining importance day by day due to their employment potential: Prafulla Samal
Bhubaneswar: The International MSME Day was celebrated today jointly by Khadi & Village Industries Commission, Govt. of India and Department of MSME, Govt. of Odisha. Minister MSME, WCD & Mission Shakti, SSEPD Prafulla Samal inaugurated the said function. L.N. Gupta, Additional Chief Secr…
Google India steps up programmes for small & medium business firms
Google India is set to expand its programmes that aimed at improving the digital penetration levels of small and medium businesses (SMB) through a range of separate initiatives. According to Google, which released a joint study with KPMG, rising penetration and greater uptake for digital solution…
No excuse for firms not to be ready for GST: Arun Jaitley
Finance Minister said enough time has been given for GST preparation He claimed 6.5 million firms have registered for GST He also said he expected there to be “some challenges” in the short term after the launch Companies have been allowed to file simplified, aggregate tax returns in …
Amitabh Bachchan to be the brand ambassador of GST
The government has roped in Bollywood megastar Amitabh Bachchan to promote Goods and Services Tax (GST), ahead of the sweeping tax reform’s implementation scheduled from July 1. The Central Board of Excise and Customs will be making the 74-year-old Bachchan as the brand ambassador for GST. …
Reasons why MNCs buy companies in India
India has always been a land of opportunities, for its people and foreigners alike. Our country’s geographic location is one of prominence too, close to the markets of South East Asia, Middle East and also Europe making it a constant desirable center of commerce and trade. According to projection…
What are the scopes for start-up companies in modern India?
Being merely over 65 years of an independent country, it won’t be entirely wrong to say that India is a young nation. With the drastic changes in the economy, the budding generation of the country has a lot of opportunity to not only establish themselves but also contribute for a holistic develop…
‘Blockchain-based loans may rescue SMEs without other funding options’
The strength of every nation’s economy is usually a direct reflection of the viability of the small and medium scale enterprise (SME) sector. The impact of SMEs on the Gross Domestic Product (GDP) of nations cannot be over-emphasized. In most cases, especially developing countries, SMEs account f…