A survey conducted across 540 SMEs by the Firstbiz and Greyhound Knowledge Group in 2016 reports, that over 500 SMEs in this country found ‘lack of easy finance and credit instruments’ to be their most critical challenge.
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Tag: PwC India
GST: New tax reform to draw Indian businesses into digital economy
New Delhi: India’s biggest tax reform in history is also set to make its small-to-medium businesses more transparent. On 1 July, as India rolls out its landmark national sales tax, businesses that make less than Rs 100 million—which the government refers to as micro, small and medium enterprises—…
GST: Centre, States reach consensus over dual control, roll out likely from July 1
New Delhi: India will likely be able to roll out the goods and services tax (GST) from July 1 following a breakthrough on Monday over the seemingly intractable issue of tax administration after the Centre accommodated states’ concerns. “It’s a significant headway,” Union F…
Expert view: Key takeaways from the new GST rates
Uncertainty on rates for gold is not warranted as gold is a key determinant of the rate structure, said Prashant Deshpande, Partner, Deloitte Haskins & Sells LLP, while commenting on the 4-tier indirect tax structure announced by the GST Council today. He further said: “The four rate st…
Retail sector to top $1 trillion in 5 years: PwC
Indian retail sector, which is growing at a CAGR of 15 percent, is expected to reach USD 1 trillion over the next five years, buoyed by the growth of new stores and e-commerce, according to a report. India’s robust economic growth and rising household incomes are expected to increase consum…
Small businesses are driving India’s mobile banking growth story
Mobile banking in India seems to have finally turned a corner. The value of transactions made from mobile phones in the country was the highest in December 2015, compared to a year ago. And corporate accounts—especially Small and Medium Enterprises (SMEs)—are bigger growth drivers than individual…
VC investments in Non-Tech firms surge in 2015
There is nothing new about Venture Capital (VC) funds globally investing outside technology businesses. But, this is now getting traction in India. When Sequoia invested in craft-beer company Bira91 this month, it only accentuated the trend that saw record investments of $1.9 billion in 2015 acro…