Increasing access to the Internet even in smaller towns and the rate of smartphone-led connectivity spreading across the country meant India was prime ground for a campaign like Digital India. But end-users getting savvier and going online to be connected to services or making purchases isn’t the…
Opinion
Pipe dream of having ease of doing business in India
In the latest World Bank report on ‘ease of doing business’, India has limped to 130th rank from previous ranking of 131. This report as expected, drew sharp reaction from government on inability of World Bank to factor in plethora of reforms initiated by it. To be in all fairness, whatever the p…
Why start-up nationalism in India makes sense in the age of Trump
Why did the US-led Allies win the Second World War against the Nazis? Sir Ian Jacob, an aide of the war-winning British Prime Minister Sir Winston Churchill, famously replied, “Because our German scientists were better than their German scientists.” In India’s new startup war involving global wan…
Demonetisation SME impact: Short term pain, long term gain
Written exclusively for SMEpost.com by Rohit Arora, CEO of Biz2Credit Biz2Credit India welcomes this move announced by the Govt. to demonetize the existing series of the high denomination notes of Rs. 500 and Rs. 1000. While the move is primarily aimed at curbing the menace of black money and cou…
Banks panacea for NPAs could be an axe to cull MSMEs
“The bank is a friend, philosopher and guide of small enterprises” was the guiding motto for all banks during the past five decades. This seems to have been made into the derisive saying “A banker is one who lends an umbrella when the sun shines and takes it back when it starts raining”, by the […
Tax waiver on leather & textile raw materials will spur growth
Government has announced a tax exemption for importation of leather and textile raw materials. The exemption applies to both import duties and Value Added Tax (VAT) and became effective on Friday, December 2. The announcement is good news for the leather and textile manufacturing industry, which …
Demonetisation Effect | Why MSMEs don’t want to go cashless
Today, many MSME companies and workers are reluctant to receive payments through banks. It is important for the Government to consider the ground realities, understand the challenges and apprehensions of these employers and employees and address them appropriately. The only way the Government can…
Demonetisation | Impact assessment
India had its own 9/11, as it woke up to the demonetisation of high-value currency notes. It is arguably the boldest, newest, largest, riskiest and most influential reform since 1991. This exercise would cause inconvenience to everyone in the country in the short term but prove helpful in the med…
Demonetisation | Steps to boost spending needed on urgent basis, waiting till budget may prove futile
Demonetisation is not just causing hardships for the common man it is also shifting the focus of the economic policy maker from the future to the near term. Finance Ministry officials are reacting almost every day to address the demonetisation challenges. In the process, they may be losing the pl…
Currency Switch Impact | It’s a dawn of ethical business, illegality will be past
The public frenzy for getting hold of cash is visibly subsiding. However, the pressure may well be shifting to smaller towns to which currency supply may not have kept pace. Also, the next wage payment for casual workers, who may well comprise nearly 60 per cent of the workforce, is approaching. …