The confusion surrounding the implementation of India’s biggest tax reform – the Goods and Services Tax (GST) – has not dimmed the optimism of Indian SMEs (Small and Medium Enterprises) about domestic economic growth. A survey commissioned by American Express and carried out by …
Tag: SME
Mumbai based Niyogin Fintech raises $36m
Niyogin Fintech Limited (earlier known as M3 Global Finance Limited) announced the intention to raise upto Rs 235 crore ($36M) by preferential issue of shares to a group of marquee investors. Equirus Capital acted as the sole financial advisor to the Company for the transaction. Niyogin Fintech …
Gujarat firm to guide Jharkhand on funding start-ups
Jharkhand Government, in order to promote start-ups and entrepreneurship, inked an MoU with Gujarat Venture Fund Limited on May 30. Chief Minister Raghubar Das and CEO of the company Sanjay Radhan were present on the occasion. The CM, on the occasion, wished well to the youths and said that the w…
‘India’s SMEs need to be empowered with access to funds, not mere provisions of accounts & subsidies’
If India is to sustain its onward march of 7 percent-8 percent of annual economic growth, the 50-million strong Small and Medium Enterprises (SME) sector has a vital role to play. However, in their quest for growth, SMEs find working capital and timely access to it as serious concerns. A survey t…
Crisil SME Tracker: GST bodes short-term pain but long-term gain for MSMEs
Implementation of the Goods and Services Tax (GST), scheduled to take effect on July 1, 2017, is expected to pose challenges for micro, small and medium enterprises (MSMEs) in the short term. In the long run however, it will help them compete better. As things stand, though there is clarity on ta…
झारखण्ड: रांची-युवाओं को स्टार्टअप से जोड़ने के लिए गुजरात वेंचर फंड लिमिटेड के साथ MoU
झारखंड के युवाओं को स्टार्टअप से जोड़ने और उसे बढ़ावा देने के लिए झारखण्ड सरकार और गुजरात वेंचर फंड लिमिटेड के बीच एक एमओयू साइन किया गया है। मुख्यमंत्री रघुवर दास की उपस्थिति में उद्योग सचिव सुनील कुमार बर्णवाल ने गुजरात वेंचर फंड लिमिटेड के सीईओ संजय राधन के साथ एमओयू पर हस्ताक्षर किया। इस [&he…
Making money: Will GST make SMEs more profitable?
The arrival of Goods and Services Tax (GST), a single window taxation system, is supposed to help SMEs which are often burdened with taxes and its compliance. Whether the GST will be a boon to SMEs or not is still to be seen, but it is expected that all the states will pass this Constitution [&he…
Cattle Trade Ban: Leather industry claims exports will decline by $3.5 b
The Centre’s ban on the sale and purchase of cattle from animal markets for slaughter would adversely affect the leather industry, leather exporters in Kolkata said and demanded that the decision be either revoked or amended. If nothing is done, the leather exporters threaten to take to the…
How DIY App platforms are empowering small businesses
Rakesh Singhal, a small trader at Tripolia Bazaar in Jaipur, primarily dealt in Bandhani, Karchobi – raised zari metallic thread embroidery – and exotic bangles. Between October and March, the months when the weather in Jaipur is good and tourism is at all all-time high, the footfall in his store…
Younger generation should volunteer for more start-ups: Sitharaman
Union Commerce and Industry Minister Nirmala Sitharaman has said that the younger generation should volunteer for more start-ups and assist in developing the country’s economy. In an interview in Berlin, Sitharaman said that market access strategies would be devised during the inter-governmental …