New Delhi: With falling investments and failing startups, the startup world was hoping for the government to take away the main pain points of its industry. While a few concerns were addressed by the Finance Minister Arun Jaitley during his Union Budget speech in the Parliament, the larger issues…
Tag: Arun Jaitley
Budget 2017: Tax window extension for start-ups just an eyewash, say experts
Finance Minister Arun Jaitley on February 1 announced that small and medium enterprises in the country with a turnover of less than Rs 50 crore will now be taxed at a flat rate of 25 percent. The move is likely to positively impact 96 percent of businesses in India. Earlier, the SMEs were being t…
Budget 2017: SMEs to gain from tax cut amid pain due to demonetisation: EEPC
Mumbai: Cut in corporate tax for the companies with turnover of Rs 50 crore or below would befit small and medium enterprises engaged in the export sector, said Engineering Export Promotion Council of India’s Chairman TS Bhasin. In the Union Budget for 2017-18, Finance Minister Arun Jaitley has p…
Budget 2017: Arun Jaitley announces sops for demonetisation-hit MSME
Reeling under the pressure of demonetisation, which has weeded out 86% of the country’s bank notes, Arun Jaitley, while presenting his Budget on February 1 focused on startups, and the small and medium enterprises. It meant several tax SOPs for the sector. Jaitely said that corporate tax has been…
Highlights of Union Budget 2017-18
The 2017 Union Budget, presented by Finance Minister Arun Jaitley on February 1, was broadly focused on 10 issues — farming sector, rural population, youth, poor and health care for the underprivileged, infrastructure, financial sector for stronger institutions, speedy accountability, public serv…
IRCTC, IRCON, IRFC to be listed on bourses: Arun Jaitley
New Delhi: The government will move ahead with the listing of Railway PSUs — IRCTC, IRCON and IRFC — and come out with a procedure for a time-bound listing of CPSEs. In his Budget speech on February 1, Finance Minister Arun Jaitley said the government will look at consolidation option for PSUs an…
Union Budget 2017: Big cheer for taxpayers with income below Rs 5 lakh Tax rate slashed to 5%
Union Budget 2017: Finance Minister Arun Jaitley in his speech announced that he will reduce the tax rate of individuals earning between Rs 2.5 lakh to Rs 5 lakh to 5% from the current 10%. This would also translate into an additional benefit of Rs 12,500 for tax payers even beyond Rs 5 lakh. To …
Budget 2017: What do SMEs want?
The announcement of the Union Budget 2017 is barely a day left. Different sets of people expect different things from the budget. Women want a budget that will enhance their contribution to the economy. The youth expects a budget that will improve skill-based training. So, what are the small and …
Economic Survey 2017: India’s 2017-18 growth seen recovering fast after note ban
India will grow at 6.75-7.5 percent in 2017-18, the Economic Survey 2016-17 said in a guarded forecast on January 31, tempering expectations of an early revival in the broader economy still reeling under the effects of demonetisation. “Demonetisation will have both short-term costs and long-term …
Budget 2017: 6 key expectations of SMEs from FM
This Union Budget 2017 is particularly significant as it comes on the back of two recent big economic policy decisions that are directly going to affect startups, SMEs, and small businesses: demonetization and GST. Moreover, the success of the economy as well as the heavy duty policy decisions hi…