Admitting that the Goods and Services Tax (GST) Council was racing against time on the government’s implementation target of April 1, Finance Minister Arun Jaitley on January 4 said it is hoping to resolve the vexed issues of Integrated GST (iGST) and dual control over assesses in its next …
Tag: Arun Jaitley
‘BHIM: Bharat Interface for Money’, a realtime cashless transaction scheme launched at DigiDhan Mela
As the 50-day window to deposit old 500 and 1000-rupee notes draws to a close on Dec 30, Prime Minister Narendra Modi launched ‘BHIM: Bharat Interface for Money’, a realtime cashless transaction scheme at the DigiDhan Mela on December 30. “This new mobile payment app ‘BHIM: Bharat Interface…
Year in Review: 8 moments in 2016 that changed India’s start-up ecosystem
As we stand at the cusp of 2017, it’s time to gather one’s thoughts regarding the year that passed us by. For startups in India, 2016 proved to be the year for consolidation and transition, where entrepreneurial mindset metamorphosed from a gold rush-like mentality into an ecosystem where p…
PM, Jaitley to meet Niti Aayog officials, experts to discuss Budget
Prime Minister Narendra Modi and Finance Minister Arun Jaitley will get views on the Budget for 2017-18, job creation through skill development and other issues at a meeting with experts on December 27. There will be 13 people —from the NITI Aayog, economists and others with expertise — who will …
Budget 2017: Arun Jaitley says India needs globally compatible tax rates
Ahead of the Union Budget, Finance Minister Arun Jaitley has pitched for a lower level of taxation that is globally compatible. This, according to him, is necessary if the country has to have a broader base of economy. He said gone are the days of the philosophy that high taxation will bring grea…
Govt to launch Lucky Grahak & Digi-Dhan Vyapar Yojana
The Government of India seeks to promote digital payment methods to encourage consumers and merchants to increasingly shift to these payment modes. To take this imitative forward, Lucky Grahak Yojana for Consumers and Digi-Dhan Vyapar Yojana for Merchants, will be launched on 25th December 2016 a…
Digital push to help small traders save up to 46% in tax: Govt
Government on December 20 said small traders will be able to save up to 46 per cent in tax by migrating from cash to digital transaction mode, as the decision to tweak the presumptive income norms would reduce tax liability. “Apart from making tax saving of up to 46 per cent by migrating to digit…
Govt working on ways to let companies start business in 4 days flat
Aiming to break into top 50 best countries to do business in, the government has identified areas requiring doing away with complex rules and simplifying procedures to enable businesses to start in four days flat. With India ranked poorly at 130th among 190 nations on the World Bank’s Ease …
Demonetisation: UP MSMEs bracing up for ‘less-cash’ biz environment
In the backdrop of demonetisation and its after effects still playing out for different sectors — the Micro, Small and Medium Enterprises (MSME) — in Uttar Pradesh are now bracing for a less-cash’ and more ‘digital’ business environment being talked about by the Narendra Modi g…
Demonetisation will convert informal economy into organised sector: Assocham President
Prime Minister Narendra Modi’s drive to take the economy into a ‘less cash’ mode through a multipronged strategy would not only check the menace of black money and corruption, but would also convert a large part of the informal economy into the organised sector, according to Assocham President Su…