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 …
Tag: Demonetisation
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…
Note ban kills MSME sector’s window before going cashless for GST
Hyderabad: What has demonetisation done to the struggling and attention-sought Micro, Small and Medium Enterpises (MSMEs)? These industries which were directed to go cashless before the implementation of Goods and Service Tax (GST), expected in about four more months, have been forced to go digit…
Demonetisation could be a blessing in disguise for SMEs
According to Ministry of Micro, Small and Medium Enterprises, SME sector contributes 45% of the country’s industrial output, 40% of India’s exports, employs 60 million people, creates 1.3 million jobs annually and produces high quality products for the Indian and international markets…
How start-up speak changed in 2016
The startup vocabulary of 2016 has been markedly different from the glory years of 2014 and 2015 when unicorns were born every other week, and sky-high valuations meant scale and size won over strategy and solid business models. This year as funds dried up, a number of promising startups of 2015 …
Demonetisation crisis is stalling SMEs & sending workers home
Over the past two years, this suburb of New Delhi mushroomed into a flourishing enclave of small cellphone manufacturers, attracting tens of thousands of workers from the countryside. Noida, known as the “handset hub,” was touted as a showcase for Prime Minister Narendra Modi’s pet “Make in India…
Consolidated SME, corporate data with banks to improve lending: CII
Demonetisation has created an enormous opportunity to channelise public savings into productive assets, and consolidating data of SMEs and corporates can provide banks with the necessary information to assess the credit-worthiness of borrowers, Confederation of Indian Industry (CII) said on Decem…
Gujarat: Over 42,500 MSME units reported ‘sick’ in 2016
Despite occupying a special realm in the biennial Vibrant Gujarat summits and being showered with financial sops through a new industrial policy, MSME units in Gujarat continue to report “sick” in large numbers. In 2016 alone, over 42,500 MSMEs units have reported “sick” in the state, which is th…
Here’s why 2017 will be an interesting year for Indian start-ups
Even as 2016 comes to a close, startups are hopeful that the New Year will bring in some joy. The last two months of 2016, have been a dampener for the Indian startup ecosystem in hyper-local, food tech, software and investment domains. While grocery e-tailing and payment wallets have gained this…
Droom plans to invest around $10 mn in acquisitions
Online automobiles marketplace, Droom plans to invest around USD 5-10 million for at least three acquisitions during 2017 in order to strengthen the technology platform, according to a top executive of the company. “We may acquire 2-3 companies and have allocated between USD 5-10 million fo…