Long before the Goods and Services Tax (GST) got Parliamentary approval last week, there were opportunities through draft laws for accountants, lawyers, tax-paying enterprises — even technology companies—to participate in its creation. “The government and administrative machinery are dialog…
Tag: Demonetisation
Mswipe in talks to raise up to $40 mn
Mumbai: Mobile payments services provider Mswipe Technologies Pvt. Ltd has initiated talks to raise as much as $40 million (around Rs250 crore) in a new round of funding, two people aware of the development said. The firm which provides merchants with mobile point of sale (PoS) terminals to enabl…
Seed stage investor Idein Ventures to back 16 Indian start-ups in 2017
Idein Ventures – which recently invested in Hyderabad-based medical tourism startup Oxa – is betting big on India startups with a mandate to invest in 16 companies this year. The VC firm invests in UAE and is exploring global companies in the US apart from expanding into Israel. Idein Ventures, w…
Proactive RBI can help people understand microcredit biz: Satin Creditcare
New Delhi: A proactive role from RBI is needed in helping people distinguish between micro finance and chit funds, which are often confused as one, according to NBFC outfit Satin Creditcare. Microfinance credit served by non-banking financial companies (NBFCs) is typically about looking at the bo…
SMEs may turn to cooperative banks
Bengaluru: The Micro, Small and Medium Enterprises (MSME) sector, which is on the road to recovery after taking a hit during the demonetisation drive, is caught in a bind yet again with the new regulations of State Bank of India, which mandates a minimum balance for savings accounts. Unable to me…
Why Indian start-ups are ready for a reboot in FY18
Even as the Indian startup ecosystem has seen declining investments, layoffs and shutdowns since last few months, the next fiscal will see fundamental changes and emergence of leaner ventures, says a white paper by Noida-based VC firm advantEdge Partners. “The conditions are ripe for a reboot of …
For small business owners, financial management is not just your accountants job
Often it is seen that functions such as production, labour management, and marketing receive their due attention from business owners. Accounting, however, is left to the accountants, who understand it better. This leaves the critical and strategic Financial Management function largely ignored. T…
नकद लेनदेन सीमा से कारोबार हो जाएगा धीमा, MSMEs पर पड़ सकता है असर
केंद्र सरकार ने कर चोरी और कालेधन पर अंकुश के लिए बजट में घोषित नकद लेनदेन की सीमा 3 लाख रुपये से घटाकर 2 लाख रुपये कर दी है। इससे खासकर थोक बाजारों के कारोबारियों को नुकसान उठाना पड़ सकता है। सबसे ज्यादा नुकसान थोक बाजारों के केंद्र दिल्ली व मुंबई के कारोबारियों को होगा। […]
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नोटबंदी के बावजूद टैक्स कलेक्शन बजट के अनुमान से ज्यादाः वित्त मंत्री
वित्त मंत्री अरुण जेटली ने बुधवार को कहा कि नोटबंदी के असर के बावजूद इस वित्तीय वर्ष में कर संग्रह बजटीय अनुमानों से अधिक होगा. लोकसभा में वित्त विधेयक (फाइनेंस बिल) पर चर्चा के जवाब में जेटली ने एक विपक्षी सदस्य के कम टैक्स कलेक्शन की आशंकाओं का जिक्र करते हुए कहा कि सच तो […]
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Aadhaar may become the only card in future: Arun Jaitley
New Delhi: Aadhaar may become the only card in future, replacing all types of other identity cards like voter ID card, PAN card etc, Finance Minister Arun Jaitley said. He was replying to a question from the opposition in the Lok Sabha as why there are so many ID cards despite Aadhaar’s int…