At the stroke of the midnight hour, India has awakened as a common market for the first time. The 17 year-journey of historic Goods and Services Tax (GST) has finally come to an end, as President Pranab Mukherjee and Prime Minister Narendra Modi rung the bell of new India and rolled-out ‘One Nati…
Tag: Inspector Raj
Haryana to unveil MSME policy soon: Vipul Goel
Panchkula: The Haryana government is in talks with global e-commerce players such as Amazon and Alibaba to support micro small and medium enterprises in the state, a Minister said. The state government will soon unveil its MSME policy, the draft of which has already been prepared, state Industrie…
Currency Switch Impact | It’s a dawn of ethical business, illegality will be past
The public frenzy for getting hold of cash is visibly subsiding. However, the pressure may well be shifting to smaller towns to which currency supply may not have kept pace. Also, the next wage payment for casual workers, who may well comprise nearly 60 per cent of the workforce, is approaching. …
Start-ups can raise $3 mn via ECBs annually: RBI
The Reserve Bank permitted startups to raise External Commercial Borrowings (ECBs) of up to USD 3 million in a financial year, a move aimed at boosting innovation and promoting job creation. The borrowing should be denominated in any freely convertible currency or in Indian Rupees (INR) or a comb…
DIPP to hire consultants to push Start-up India
The Commerce and Industry Ministry is looking to engage consultants to promote the government’s Start-up India campaign for budding entrepreneurs. The Department of Industrial Policy and Promotion (DIPP), under the ministry, has issued an advertisement for engaging a senior consultant and t…
Interest of small businesses protected: GST Panel Chief Amit Mitra
With the Centre and states agreeing to keep traders with turnover of up to Rs 20 lakh out of the GST ambit, interest of small traders has been protected, West Bengal Finance Minister Amit Mitra said on September 23. Hailing the decisions reached at the first meeting of GST Council, he said more t…
Over 400 entrepreneurs queue up for tax benefits
Over 400 budding entrepreneurs have filed applications with the Department of Industrial Policy and Promotion (DIPP) for recognition as innovative startups to avail tax breaks and other benefits. An inter-ministerial committee, which assessing such applications, has already considered 189 request…
MSMEs still awaits GST to overcome taxation complexities
Indian Micro Small and Medium Enterprises are demanding adequate measures from the government to protect them from competition from the neighboring countries, especially China. The industrialists have been complaining since long about the complex tax structure in the country. To add to their prob…