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…
Budget 2017
Budget 2017: Time to extend the tax sops to SME
Be it Make in India or Skill India, all efforts to a sustainable economic growth and development are not possible if there is no strong small and medium enterprises (SME) sector in the economy. SME contributes approximately 45% of industrial output and 40% of exports. That makes an important cont…
Budget 2017: Nasscom seeks removal of angel tax, MAT exemption for start-ups
Reduction of long term capital gain tax, allowing tax sops for angel investors besides exemption from minimum alternate tax are some of the key recommendation suggested by India’s apex technology industry body Nasscom to the Finance Ministry ahead of the Union Budget 2017. In a note, it sug…
Budget 2017 to focus on rural economy, skill development & incentives for cashless transactions: Dun & Bradstreet
Q-induced shock has derailed the consumption growth story and Budget 2017 is likely to focus on rural areas and agriculture to revive the economy, says Dr Arun Singh, Lead Economist at Dun & Bradstreet. Online’s Smriti Jain, Dr Singh talks about what Finance Minister Arun Jaitley should focus…
Budget 2017: Govt may give incentives for food processing SMEs
New Delhi: Government is likely to announce incentives for small and medium food processing units in areas such as rice and tea in the Budget to promote the sector and boost manufacturing activities. The impetus may come through a scheme – Sampada — under which 35 per cent subsidy cou…
Budget 2017: Start-up India hopes for tax cut, fresh funds and foreign investments
Union Budget 2017 is due on February 1. This will be the third budget to be presented by the Prime Minister Narendra Modi’s government and it won’t be easy. The budget 2017 will not only be unique for its preponement from the usual month of March and clubbing with Railway budget, but will also ha…
Budget 2017: कम ब्याज पर लोन, ज्यादा सब्सिडी और मिनिमम GST दर-फार्मा सेक्टर की SMEs की माँग
दवाइयां बनाने वाला फार्मा सेक्टर, बजट में मेक इन इंडिया को बढ़ावा देने वाले कदम चाहता है। सेक्टर के एसएमई कारोबारी चाहते हैं कि दवाइयों पर जीएसटी की दर 5 फीसदी हो और उन्हें सस्ता लोन मिले। गुजरात देश का फार्मास्युटिकल सेक्टर का हब है। बजट को लेकर यहां जबर्दस्त उत्साह का माहौल है। फार्मा [……
Budget 2017: Need better handling of SMEs by banks, says Sitharaman
At the World Economic Forum in Davos, Commerce Minister Nirmala Sitharaman shared her Budget recommendation for the small and medium-sized enterprise (SME) sector and her opinion on the roll-out of goods and services tax (GST) on July 1. Sitharaman suggested better handling of SMEs by banking ins…
Budget should aim at improving overall performance of the SME sector
Indian SME is undoubtedly a strong contributor to the economy. The SME sector generates significant employment while inputting considerably to the industrial output. While the union government continues to float policies and schemes to smoothen business challenges for the SME, there are further h…
बजट2017: छोटे रोजगार बढ़ाने के लिए लेने होंगे बड़े फैसले
चुनावी सभाओं में 2013-14 में नरेंद्र मोदी ने सालाना एक करोड़ रोजगार देने का वायदा देश के युवाओं से किया था। तब करोड़ों युवा मोदी के साथ खड़े हो गए थे और उन्हें लोकसभा चुनावों में भारी बहुमत दिलाया था। लेकिन रोजगार सृजन के अवसर पिछले सात सालों के न्यूनतम स्तर पर पहुंच गए हैं। […]
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