New Delhi: India’s biggest tax reform in history is also set to make its small-to-medium businesses more transparent. On 1 July, as India rolls out its landmark national sales tax, businesses that make less than Rs 100 million—which the government refers to as micro, small and medium enterprises—…
Tag: Pronab Sen
Amidst the digital push, GST transition may be painful for SMEs
India’s biggest tax reform in history is also set to make its small-to-medium businesses more transparent. On July 1, as India rolls out its landmark national sales tax, businesses that make less than 100 million rupees — which the government refers to as micro, small and medium enterprises…
Fresh bad loans created in Agriculture, SMEs due to demonetisation, says Pronab Sen
Pronab Sen, the former secretary of the Ministry of Statistics and Programme Implementation, was responsible for setting up the government’s data gathering machinery as the first Chief Statistician of India. One of the most regarded economists, he has taught at the Delhi School of Economics and J…
Currency Ban Impact: Bandhan Bank CEO says MFIs may lose Rs 1,700 cr due to note ban
The demonetisation move may hit the micro finance sector hard, said Bandhan Bank CEO Chandrashekhar Ghosh, estimating the temporary loss to be around Rs 1,500-Rs 1,700 crore. Bandhan Bank, which was one of the largest micro finance institutions before it became a bank last year, has suspended its…