Recent News

What is GST? Impact of GST on MSMEs and Startups.

After an eight-hour debate, the Lok Sabha has passed four GST or Goods and Services Tax-related bills putting the government on course for the launch on July 1 2017 of the country’s biggest tax reform since Independence. GST will subsume a slew of indirect taxes levied by the Centre and …

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Insolvency and Bankruptcy Code, 2016 is a key economic reform that will facilitate ease of doing business and promote economic growth – Shri Arjun Ram Meghwal, MOS (Finance &Corporate Affairs)

Shri Arjun Ram Meghwal, MOS (Finance &Corporate Affairs): Insolvency and Bankruptcy Code, 2016 is a key economic reform that will facilitate ease of doing business and promote economic growth;. Inaugurates the new Premises of Insolvency and Bankruptcy Board of India in national capital The Minister of State for Finance and …

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GST Bills passed, PM Says “it will be one nation, one tax and it will give a big boost to GDP”

The Lok Sabha on Wednesday approved four legislations — The Central GST Bill, 2017; The Integrated GST Bill, 2017; The GST (Compensation to States) Bill, 2017; and The Union Territory GST Bill, 2017. The Centre has set the target of July 1 to roll out the Goods and Services Tax …

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US cut in anti-dumping duty on shrimps to boost exports

The United States, the largest importer of Indian shrimps, has pegged its preliminary anti-dumping duty on the perishable seafood item at an average rate of 1.07 per cent. The US commerce department has announced the preliminary determinations in the ongoing 11th administrative reviews of the anti-dumping duty orders against frozen …

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A large number of WTO member countries are supporting India’s proposal for negotiating a trade facilitation agreement (TFA) in services.

A large number of WTO member countries are supporting in principle India’s proposal for negotiating a trade facilitation agreement (TFA) in services, a senior government official said on Friday. Additional Secretary in the Commerce Ministry Anup Wadhawan also said that India is pursuing this proposal in the WTO in a …

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Micro-finance platform Disha plans the formal launch of its small finance bank (SFB) in the next quarter.

Micro-finance platform Disha plans the formal launch of its small finance bank (SFB) in the next quarter, followed by 30-40 branches in the next three months. The SFB, under parent Fincare Business Services, also looks to offer products such as gold loans and micro-enterprise loans to rural customers. “The branches …

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Now you can start a business in India in 6 days.

Currently, it will take a total of 26 days after going through all the bureaucratic procedures. And if you happen to be in Mumbai, the number goes up to 14 as you have to register for Profession Tax and receive inspection and obtain Shops and Establishment registration certificate. By March-end …

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MSME classification may soon be based on employment, turnover.

The government is looking beyond the criterion of capital employed to better define MSME sector for growth, according to KK Jalan, MSME Secretary, Government of India. The conventional definition of micro, small and medium enterprises is based on different slabs of investments ranging from ₹10 lakh to over ₹5 crore. …

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MSMES to get subsidy for Cloud.

The Centre has proposed subsidy up to Rs 1 Lakh for micro and small enterprises to encourage to use cloud computing for information and communications technology applications. In Cloud computing MSMEs use Internet to access common as well as tailor-made IT infrastructure, including software, for managing business. The subsidy will …

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Youth avail opportunities under MSME scheme to become skilled craftsmen – ANI News.

Youth in the far flung area of Jammu and Kashmir’s Rajouri are availing the self-employment opportunities offered to them under the Ministry of Micro, Small and Medium Enterprises (MSME). Large number of unemployed youth, both educated and non-educated, have been deployed in the wielding and other small-scale works by the …

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