A cut in income tax by 5% that would benefit 96% of Indian companies and presumptive tax reduction of two percentage point to 6% means the beleaguered SME sector that was hit hard by demonitisation has something to cheer. Announcing the Union Budget for 2017, Finance Minister Arun Jaitley said MS…
Tag: Satyam Kumar
Demonetisation Effect | E-wallets making hay while digital lending start-ups feel the heat
The rapid embrace of digital payments following the crackdown on cash transactions is set to greatly benefit an allied industry: alternative lending startups. Digital payment companies such as Paytm have emerged the immediate winners post the government’s decision to scrap high-value banknotes an…