Initiative emerges Bengal as 1 out of only 2 States offering free GST software; CM assures complete support from govt officials to address concerns
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Tag: Demonetisation
Demonetisation hits manufacturing; GDP lowers down to 5.7%
Manufacturing sector fell sharply to 1.2 per cent from 10.7 per cent, with the predominant pressure coming from the private sector small and medium-sized enterprise (SME) segment.
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India’s growth story is not inevitable: Former RBI governor D Subbarao
Former Reserve Bank of India governor Duvvuri Subbarao has said that there are several challenges that need to be addressed before the Indian economy could take off. “India’s growth story is not inevitable,” he said. He was delivering the inaugural anniversary lecture: “India: Will the Elephant s…
Make in India 2015: Pune tops district chart in terms of realisation of MoUs signed with state govt
Of the nearly 800 companies that had promised to set up new units in the city two years ago, 284 have already begun production while another 175 have finished construction, making Pune the lead district in terms of realisation of Memoranda of Understanding (MoUs) signed with the state government …
India’s foreign reserves marching towards record high: DBS
Singapore: India’s foreign reserves continue to march to record highs, touching $393 billion early this month backed by strong foreign portfolio and investment flows, according to Development Bank of Singapore (DBS). “Strong year-to-date foreign portfolio ($24 billion), net investment flows …
‘Aiding SMEs with right financial support remains challenging’
At a seminar organized by the Confederation of Indian Industries, the issues related to SME finances were discussed at length. It was said that a large number of SMEs were unable to get financial aid from the banks.
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Small traders reluctant to accept Rs 2k notes
Printing of Rs 2,000 notes stopped about five months ago to step up the production of smaller bills, including a new Rs 200 note
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‘GST is a key catalyst for India’s fintech revolution’
Indian businesses have used a pen-and-paper mechanism for keeping records for over 60 years now, and GST has toppled the proverbial apple cart in a big way. Small businesses who have never used an invoicing or return-filing software before now have to use digital solutions.
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Banks see credit growth for SMEs & self-employed after GST rollout
What GST will provide us is that for many of these smaller companies, we will have data. So, our ability to understand these businesses, and therefore, lend to them will improve dramatically
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GST Rollout: P Chidambaram says India underprepared for new tax regime
While the Centre is ready to launch the ambitious Goods and Services Tax (GST) on a grand note on July 1, former Finance Minister P Chidambaram feels that the country is underprepared to come up with this new tax regime. A day ahead of the special midnight June 30-July 1 meeting convened by the N…