AskMeBazaar, an online bazaar with many stores from across India, has demanded that forthcoming budget should come out with clear cut roadmap for the rollout of game changing indirect tax reform, Goods and Services Tax. With growing e commerce, rollout of GST is critical for its growth as it is l…
Union Budget
FIEO’s Budget 2016 wishlist for MSMEs
The Federation of Indian Export Organisations has demanded creation of Export development fund in the forthcoming budget to help MSMEs, which account for 45 per cent of India’s exports, a share that has not fallen even when global trade has been hit by slowdown In its budget wishlist, FIEO said …
Exclusive | Outdated MSME schemes to be pruned in the budget: Govt
The union budget to be presented by Finance Minister Arun Jaitley on February 29 is likely to prune 180 odd schemes to promote Micro, Small and Medium enterprises in the country into 40-50 schemes to make them more effective. Official sources told SMEpost.com that the idea behind this consolidati…
Voonik’s Budget-2016 wish-list to enable & empower Startups
Bangalore based India’s first personal shopping app Voonik has a highly differentiated proposition of offering a free, online personal stylist in an app to its users. The company grew by more than 2200 % in 2015 and app repeat purchase rate doubled. With the launch of the ‘Start-Up India Campaign…
Giftxoxo expects innovative Budget for Startups
Gifting startup Giftxoxo.com has a lot of curiosity around what the upcoming budget will offer to startups. From ease-of-business to logistics and infrastructure, Bangalore based Giftxoxo expects many new initiatives from Budget-2016. The founders of Giftxoxo.com (Nreach Online Services Private L…
Restore special category status to Assam | Gogoi
Assam Chief Minister Tarun Gogoi on February 15 requested Union Finance Minister Arun Jaitley for restoration of the special category status to the state and raise central assistance for it in the coming Union Budget. In a letter to Jaitley, Gogoi pleaded for restoration of the centrally-sponsore…
Citizens not in favour of a ‘Populist’ Budget | Giriraj Singh
Making a case for 8-9% growth rate, Jaitley on January 30 indicated that his upcoming Budget will not resort to “sheer populism” for good ratings and will focus on structural reforms. Minister of state for MSME, Giriraj Singh on January 31 said citizens are not in favour of a ‘p…
Exclusive | Outgoing MSME Secretary outlines what to expect in the Budget
For someone who drove positive change at the MSME Ministry, there is optimism in the air. His eyes are focused on February 29 even as he is set to move on. He believes the coming Union Budget would announce path breaking set of policies that would unlock the latent potential of the sector. Meet t…
Budget 2016 should enable & empower SMEs to be the growth engine of ‘Make in India’ | Raktim Das
A young country with 70% of its population below the age of 30 years, brewing with the spirit of entrepreneurship and a desire to tread the line of ‘Start up India, Stand Up India’ – that’s the new ‘Incredible India’. Juxtapose this with some of the comparative advantages that we enjoy like abund…
Agarwal Packers demands tax sops for logistics in budget
Logistics major Agarwal Packers & Movers has sought a set of tax sops to take India’s logistics to $300 billion business by 2020, a critical industry to push Prime Minister Narendra Modi’s ambitious Make in India plan and job creating MSME sector. Giving a long wish list to Finance Ministry, …