I-T rebate for small businesses going digital

As expected, after the demonetization drive, the government announced incentives bonanza for traders and consumers going digital. The government announced 2 per cent income tax rebate for small businesses with an annual turnover of up to Rs 2 crore for accepting payments digitally instead of cash. The move is aimed at promoting digital transactions using credit cards, debit cards, e-wallets and internet banking, among others, to help make India a…

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Government takes various measures to raise India’s ranking in ‘Ease of Doing Business’ to top 50 in the world

Government of India in its efforts to improve the business climate of the country and also improve country’s ranking in the World Bank’s report on Ease of Doing Business; recently held a meeting under the chairmanship of the Union Finance Minister Shri. Arun Jaitley. Secretary, DIPP informed that Nodal Departments have been identified for each indicator who will lead the reform process ensuring country’s improvement in ranking across the 10…

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Crowd funding in India

Crowdfunding in India has emerged as a new and beneficial source of funds for young start-ups and early stage companies. Low cost of funds and access to wide pool of investors are key reasons for rapidly increasing demand of crowdfunding. Following data shows current Indian Scenario: Number of crowdfunded companies 200 Average Ticket Size 2-4 crore INR Fund raising commission 4-6% Time taken to close the deals 15-90 days  …

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