The Union Budget for 2017-18 was presented amid high expectations in the wake of the impact of demonetisation. With the government focusing on boosting the start-up sector, the industry was hoping for the Budget to help improving the ease of doing business for the start-ups. Increased tax exempti…
Opinion
Big challenges before small finance banks
Ujjivan Small Finance Bank Ltd, the fifth such bank in India and the largest among the five in terms of their small loan portfolio, will make its formal debut on Monday after running a pilot programme in five of its microfinance branches in Bengaluru. Professor Muhammad Yunus, a microfinance pion…
There was never a better time for small business to think big!
The 2017 Union Budget of India has laid a lot of emphasis on small business (Start-ups & SMEs) and announced a number of initiatives which will benefit them greatly. From lower tax rates to larger availability of credit. Announcement of large scale infrastructure development across farm and d…
Budget 2017: SMEs, major beneficiary of Jaitely’s largesse
As Union Finance Minister Arun Jaitely rose to present the Union Budget on February 1, an entire nation reeling under the impact of demonetization, watched anxiously. Jaitely didn’t disappoint them either. He simply drove in the measures to usher in digital economy and cashless economy. There was…
Back Indian textile industry to double productivity by 2030
Textile sector once upon a time was one of the key industrial sectors in India, currently contributing 5 percent to India’s GDP and 14 percent to overall index of Industrial production. According to a study conducted by Wazir Advisors and PCI Xylenes & Polyester, the sector has potential to g…
Year after Startup India was launched; tax relief for start-ups fails to begin as states go slow
Less than a third of the 36 states and union territories heeded (until the second week of January) the central government’s request to relax inspection of start-ups under certain labour laws in initial years, even around a year after the Start-Up India programme was launched. Despite an aggressiv…
Budget 2017: Will demonetisation woes be soothed by budget?
After the government suddenly pulled the rug out from under the country by banning the Rs. 500 & Rs. 1,000 notes, everyone has been hoping the budget (due on 1st Feb) will soothe the pain and hardships felt by the public. What about startups? What can we expect in the budget? One of the key […
Budget 2017: FM should announce incentive on cashless transactions, better IT backbone
Reserve Bank of India might not have officially acknowledged, yet over 95 per cent of the demonetized currency of 500 and 1000 notes has returned into circulation. The Government still hopes to unearth 3-4 lakh crores of unaccounted wealth, deposited in the banks. Income Tax department with help …
Budget should raise the competitiveness of Indian manufacturing sector
The Indian manufacturing sector has the potential to elevate much of the Indian population above poverty by shifting the majority of the workforce out of low-wage agriculture. Manufacturing sector is the backbone of any economy. It fuels growth, productivity, employment, and strengthens agricultu…
Incentivise automation in manufacturing to give a boost for Make in India
Automation industry is in an evolving phase. There are many factors which are considerably changing the outlook of the industry such as ever-increasing need of complying to global standards, the constant need for improving operational excellence, desire for zero defects, productivity and quality …