The impact of demonetisation has been far more on enterprises integrated with the rural supply chain or informal sector and not so much on large supply chain, says Anil Bhardwaj, Secretary General of the Federation of Indian Micro and Small & Medium Enterprises. In an interview he also shared…
Tag: Demonetisation
Lesson from Demonetisation: Getting into new tax regime without tech preparedness might be counterproductive for GST
The large-scale withdrawal of currency notes from circulation in India has implications for the impending GST to be adopted by the country. There are concerns over whether the expected contraction in economic activity following demonetisation will impact state revenues adversely. As the Finance M…
Aviva India sees opportunities in Indian SMEs & health sector
Launching the first ever heart insurance for couples in India, covering 19 kinds of heart ailments such as coronary artery bypass and angioplasty, Aviva India CEO and MD Trevor Bull tells that health will be one of their focus areas in the Indian market. He also adds that demonetisation will help…
Demonetisation Effect | 400,000 jobs to suffer; e-Commerce to be worst hit
With demonetisation set to reduce India’s economic growth by 1% over the next one year, the job market is likely to see over 400,000 job cuts. You should worry if you work in the e-commerce sector, since firms could handover around 200,000 pink slips in the next one year. “Cash on delivery being …
Demonetisation Effect | Big gain for mobile wallets, e-Commerce suffers
Bengaluru/New Delhi: The withdrawal of high-value notes from circulation has had a mixed impact on the country’s online businesses. Sales at e-commerce companies, which are heavily dependent on cash payments, have suffered badly while digital payment start-ups have seen a sharp rise in daily tran…
Monetary Policy: RBI keeps repo rate unchanged at 6.25%
The Reserve Bank of India (RBI) on December 7 kept its key lending rate —the repo rate—unchanged at 6.25 percent dashing hopes of lower borrowing costs arresting the demonetisation-induced slide in spending and investment. The six-member monetary policy committee (MPC) headed by RBI Governor Urji…
Demonetisation Effect | Indian e-Commerce growth projection cut to 55.5% for 2016
Four months after forecasting a 75% increase in Indian e-commerce in calendar year 2016, eMarketer, a US-based market research firm, on December 6 cut its projection to 55.5%, or around $16 billion, citing the impact of demonetisation on order volumes. While orders will recover in the long run fr…
Demonetisation Effect |Niti Aayog doles out incentives to push cashless payments
Niti Aayog is providing financial support to incentivise the district administration to reach out to the general public and small traders in villages and talukas, and encourage them to shift to cashless payments. It has also asked district magistrates to ensure that financial transactions in the …
Demonetisation Effect | Start-ups shift into high gear
Even as the demonetisation announcement of November 8 and its fallout continue to receive mixed reactions, aspiring entrepreneurs took to maneuvering strategically, taking several measures to make people, especially the underprivileged, aware about the ban and helping them ease their woes. This, …
Demonetisation Effect | Hiring may shoot up as Fintech start-ups gain galore
Fintech startups are proving to be the biggest beneficiaries of the government’s demonetisation move and with the rise in business, recruitment plans of these companies are likely to see a significant uptrend in the coming months, experts say. E-wallet companies like Paytm, PayU India, Mobi…