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Industry expects corporate tax cut to revive economy

Corporate tax for new domestic manufacturing firms has been reduced to 15 per cent. Decision to expand the scope of CSR spending expected to promote PPP in R&D and help India move up the innovation ladder.Read more

Govt reduces corporate tax to 22% and 15% for new manufacturing firms

Decision to expand the scope of CSR spending expected to promote PPP in R&D and help India move up the innovation ladderRead more

EV buyers to get benefit of additional IT deduction of Rs 1.5 lakh: Budget 2019-20

To further incentivise e-mobility, budget 2019-20 has exempted customs duty on certain auto components (parts) of electric vehiclesRead more

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

SDK to expand high-grade SiC epitaxial wafers capacity

Japan-based Showa Denko KK (SDK) will re-expand its capacity to produce high-quality-grade silicon carbide (SiC) epitaxial wafers for power devices, which have already been marketed under the trade name of High-Grade Epi (HGE).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

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