Union Finance and Corporate Affairs Minister Arun Jaitley said that the Goods and Services Tax regime, once implemented, will improve the ease of doing business in the country. Jaitley, who was speaking after launching two new initiatives for entrepreneurs by the Ministry of Micro, Small and Medi…
Tag: Arun Jaitley
MSME Databank launched; salient features you need to know
Union Finance Minister Arun Jaitley has launched the MSME Databank alongside Online Finance Facilitation Web Portal at the 14th National Board for MSME Meeting in New Delhi on August 11. The portals aim to provide collective funding options for MSMEs sourced from major financial institutions. “Th…
Arun Jaitley to launch MSME databank, finance facilitation centres
Finance Minister Arun Jaitley will launch a databank to gather information about Micro, Small and Medium Enterprises on August 11, besides Online Finance Facilitation Centres to provide collective funding options for MSMEs. “Through the databank, we shall carry out a census of MSMEs online …
Nimala Sitharaman launches e-Marketplace to ensure transparency in governance
Aiming to ensure greater transparency and revolutionise government procurement, Commerce and Industry Minister Nirmala Sitharaman has launched the Government e-Marketplace (GeM), an official statement said in New Delhi. The Directorate General of Supplies and Disposals (DGS&D) has developed t…
All parties except AIADMK supporting GST; voting remains
August 3, 2016: As the debate on GST Bill continues in Rajya Sabha with voting likely to be held late into the night, all parties supported it except for AIADMK. Today in the Rajya Sabha session on GST, main opposition Congress and most other parties, except AIADMK, expressed support, with certai…
India’s smartphone revolution: 35 units, 37,000 jobs in 2 years
India has seen about 35 new smartphone factories in the past two years, with a production capacity of about 18 million devices a month, since the central government had announced a tax rationalisation for electronics products to boost local electronics manufacturing. The new manufacturing units h…
Govt, Oppn must join hands for GST breakthrough: Assocham
Government and the main opposition party should get the long-stalled Constitutional Amendment Bill on GST passed in the Rajya Sabha in first few days of the monsoon session of Parliament, industry body Assocham has said. “At this point, when macroeconomic risks like rebound in inflation and…
Jaitley urges Japanese infra sector companies to partner India’s growth story
31 May 2016: The high powered FICCI delegation to Japan accompanying Finance Minister Arun Jaitley, participated in the NIKKEI Conference on the theme “The Future of Asia”, which was followed by a roundtable on National Investment & Infrastructure Fund (NIIF). Speaking on the topic “India’s E…
Axis Bank incorporates subsidiary to operate TReDS
Private sector lender Axis Bank said it has incorporated a subsidiary A.Treds Ltd to operate Trade Receivables Discounting System (TReDS), which will help in improving flow of funds to SMEs. In November last year, the RBI had given in-principle approval to three entities to set up TReDs. The othe…
Industry forum ASSOCHAM calls Modi govt progressive
Describing the two-year tenure of the Prime Minister,Narendra Modi’s Government as ‘work in progress,’ apex industry body ASSOCHAM 23 May said that country’s big macroeconomic picture has certainly been steadied while some bold moves have been made in the roads and highways, railways and en…