Dalberg Advisors, a social advisory firm and software industry think-tank iSpirt have joined hands to launch a venture pitch competition for early stage startups that will build on India Stack, a set of APIs released by the government, to build India-specific solutions. India Stack uses Aadhaar a…
Tag: Sanjay Jain
High GST rate may leave small synthetic fibre companies in tatters
Even as the date of GST implementation is nearing, threat of mass closure is looming on India’s small, non-integrated manmade fabric manufacturers. Under GST, manmade fibre yarn will be taxed at 18% while its end product, fabric, will be taxed at 5%. Tax differential leaves integrated textile fir…