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Extending income tax exemption to MSMEs to be highly beneficial
The Government should introduce a long-term solution in the 2019 Budget that can save the credit-starved MSMEs from their dire state.Read more
Uno Minda goes digital to increase supply chain efficiency
By adopting Moglix’s vendor portal solution, the auto components maker has improved communication between users and suppliers, thus increasing productivity.Read more
Government's credit guarantee to reach Rs 500 billion under CGTMSE for FY19
With a view to allay the trade finance woes of micro, small and medium enterprises (MSMEs), the Union Government has planned to more than double the credit guarantee up to Rs 500 billion for 2018-19 under the Credit Guarantee Fund Trust For Micro and Small Enterprises (CGTMSE) schemeRead more
Iris Global to bag Rs 200 million business providing customised tablets for taxis in Delhi NCR and Mumbai
Iris Global Services is aiming to capture Rs 20 million business this financial year providing customised tablets for taxis running in Delhi NCR and Mumbai. Iris Global Services is the technology integration arm of Iris Computers, getting full advantage of being back with its very original team comprising founder Sanjiv Krishen, Kamini Talwar and Som Arya, having had steer cleared all obligations with banks and creditors while acquiring it from Inflexion Point.Read more
Budget 2018: A big booster to SMEs
According to the National Sample Survey’s (NSS) 73rd round, there were around 634 trillion unincorporated non-agriculture MSMEs (micro, small and medium enterprises) in India in 2015-16 providing employment to 111 million workers. Taking into account the significance of MSMEs sector to the country’s economic development, Finance Minister Arun Jaitley announced a list of measures to help MSMEs and job creation in the budget 2018-19.Read more
Relief for MSME borrowers registered under Goods and Services Tax (GST)
Presently, banks and NBFCs in India generally classify a loan account as Non-Performing Asset (NPA) based on 90 day and 120 day delinquency norms, respectively. Read more
Lower taxes post GST rejig to benefit plastics industry
Welcoming the reduction in GST rates across the spectrum of products from 28% to 18%, the plastics industry feels the move will give a boost to the industryRead more
GST council to rank companies on tax payment track record
The Goods & Services Tax (GST) council is mulling to put together a system to rank businesses based on their tax payment records.Read more