With increasing documentation under the GST, many SMEs are finding it difficult to focus on productive work, being overburdened with the regulatory work of filing taxes
With these gigantic numbers in place, no doubt the opportunities associated with digital promotion and marketing are immense and businesses are increasingly acknowledging this fact
When we incentivize smaller industries we are also dis-incentivizing them from becoming big -Vivek Anand – Assistant Commissioner CBEC – Dept of Revenue, Ministry of Finance
As such, the presentation of the Union Budget 2017 was preceded by a great deal of expectations from the public as well as various industries in the corporate sector.
With venture capital and angel investing ruling the investment scenario in recent years, many are unaware of micro-financing, which is becoming an increasingly popular and a viable option for small businesses.
Breaking away from the colonial-era tradition the budget date has been advanced to 1stFebruary 2017 and the Railway budget's solo presentation has been done away with as it is unified with the Union Budget.
Among soothers from the government is Prime Minister Narendra Modi's speech on the last day of 2016 providing sops to promote small business owners and farmers.
Time is apposite for the new and small businesses to be aware of the financial mistakes that they make all the time, to make the start-up ecosystem a sustainable one.
Three small businesses– Walnut, Go Coop and Maganlal Dresswalla in conversation with Sundar Pichai shared their journey to go digital using Google's products.
Roposo's chat-to-buy feature caters to the small businesses and an audience which lives and breathes fashion. With this feature, the company aims to provide visibility to the smaller players, boutiques in tier 2 and 3 cities.