Tag: MSME

Trade assessees seek more time to file GST returns

Suppliers of goods and services seem to be in a fix over filing the GSTR 1 return for July 2017. With just two days left for filing of the said return, the assessees, after encountering various problems in uploading of details, have now sought extension of time by a fortnight to enable them compl…

Aye Finance raises around $7 m from Netherlands’ Triodos Investment

 Mumbai: Aye Finance, a Gurugram-based small business loan provider, September said it has raised close to $7 million (Rs44crore) in debt financing from global impact investment manager Triodos Investment Management of the Netherlands. Triodos Investment Management manages investment fu…

Crisil lowers GDP forecast to 7% in FY18 on GST hiccups

Mumbai: Domestic rating agency Crisil today lowered its growth forecast to 7 per cent for fiscal 2018, down from 7.4 per cent earlier, as it sees disruptions arising from the implementation of the new uniform tax regimeto continue to impact the economy for a few more quarters. …

IFC invests $10 m in Power2SME to lift SME sector

International Finance Corporation (IFC), a member of the World Bank Group, has invested $10 million as equity in e-commerce platform Power2SME that helps small and medium companies buy raw materials at bulk prices. Power2SME is backed by venture capital firms such as Kalaari Capital, Accel Partne…