Tata Capital has entered into an agreement with Capital Float to provide Working Capital Loans to financially under-served Small & Medium Enterprises (SMEs) in India. Tata Capital will be co-lending on Capital Float’s digital lending platform and through this relationship, both the companies …
What different states are doing to help start-ups succeed across India
About a month ago in Lucknow, after flagging off the Union government’s Startup Yatrainitiative, Uttar Pradesh chief minister Yogi Adityanath announced a Rs 1,000-crore corpus to support emerging business through various schemes. “I believe if Uttar Pradesh takes an initiativ…
e-Commerce platforms make way for SMEs to trade goods
Planning to simplify hurdles encountered by small vendors to display products online, many e-commerce marketplaces are providing incentives to fill the gap by delivering products and eliminating intermediaries from the SMEs (small and medium enterprises) to users. The C2C (customer-to-customer) m…
Schemes like MUDRA are indictment of banking sector across India: J&K Fin Min Haseeb Drabu
Srinagar: Jammu and Kashmir Finance Minister Haseeb Drabu criticized banks and financial institutions across India for their laziness by not lending to small enterprises thus pushing a sector that produces 45 percent of the manufactured output, backwards and discouraging entre…
GST Council meeting today, MSMEs, exporters may get relief package
New Delhi: The Goods and Services Tax Council (GST Council) chaired by Finance Minister Arun Jaitley is likely to announce on October 6 a special package for micro, small and medium enterprises (MSMEs) that will, among other things, address the concerns of exporters, as policymakers explore ways …
India’s manufacturing sector picking up the pieces after GST kicks in
Business conditions among manufacturers saw a modest improvement in September, supported by better output and new orders. The Nikkei Purchasing Managers’ Index (PMI), a monthly survey, showed that manufacturing PMI remained unchanged at 51.2 in September. With that, PMI breached the 50-mark for t…
GST Suvidha franchises set to take off and relieve burden of small traders
The Indian government’s effort to ease burden and harassment faced by small businessmen and traders over filing good and service tax (GST) returns is beginning to bear fruit with the expansion of GST Suvidha Centres that are springing up across the country through a franchise model. These c…
CII offers suggestions to Indian govt on GST rules
Praising various efforts for successful transition of businesses to the goods and services tax (GST) regime, Confederation of Indian Industry (CII) director general Chandrajit Banerjee has urged the government to extend the provisional input tax credit period by six months from the current two fo…
Govt, industry to brainstorm on measures to boost exports
New Delhi: The export sector’s woes finally seem to have nudged the Centre into action. On September 29, when the GST Council meets to iron out the sector’s problems, three key Union ministers will hold a brainstorming session with officials, exporters and industry bodies to identify measures to …
‘To save Make in India, fix GST for small and medium businesses’
Quarterly filing and higher turnover limits need to be intertwined to stop the GST from becoming a car-wreck for the country’s SMEs
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