Category: SMEs
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Northeast traders embrace GST despite digital challenges
By Sujit Chakraborty, Agartala/Guwahati, (IANS) : Amid confusion and initial reluctance, traders in the northeast seem to have finally accepted the new Goods and Services Tax (GST) regime and officials are hopeful that teething troubles will be resolved soon. The Federation of Industry and Commerce of North Eastern Region (FINER), the Northeast Chapter of the…
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Tobacco 2017 harvest a boost for Cuban economy
Havana (NNN-MERCOPRESS) : Cuba’s economy is to receive a significant boost from one of its main industries, as tobacco leaf production reached 19,000 tonnes this year, the best harvest of the last decade, it was announced in Havana. The figure represents success, but it is still far below the 30,000 tonnes from early estimates. “Next…
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SAP India, MSME Ministry join hands to launch Bharat ERP
New Delhi, (IANS) : Software major SAP India on Tuesday signed a memorandum of understanding with the Ministry of Micro, Small and Medium Enterprises (MSME) to jointly launch Bharat ERP — a programme to empower small businesses digitally. According to a company statement, the initiative is aimed at digitally enabling nearly 30,000 MSMEs and youth…
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68% of 51 mn small, medium businesses run offline
Kolkata, (IANS) : Around 68 per cent of the 51 million Small and Medium Businesses (SMBs) in the country are offline, said Shalini Girish, Director, Marketing Solutions, Google, on Tuesday. Girish shared findings from a joint research study with KPMG titled ‘Impact of Internet and Digitisation on SMBs in India’. “The study reiterates that 68…
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GST rates reduced on 66 items, movie tickets over Rs 100 at 28%
New Delhi, (IANS) : The Goods and Services Tax (GST) Council at its 16th meeting here on Sunday revised the rates of 66 items out of the 133 for which representations had been received seeking change from the fitments originally made in the four-slab indirect tax structure, Union Finance Minister Arun Jaitley said. Industry hailed…
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Increased threshold of GST’s Composition scheme to benefit SMEs: Industry
New Delhi, (IANS) : Industry and other stakeholders on Sunday hailed the Goods and Services Tax (GST) Council’s move of bringing traders, manufacturers and restaurants below Rs 75 lakh turnover under the Composition Scheme, saying that it will boost small and medium enterprises in the country. “This is a big decision in favour of traders.…
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Microsoft well-positioned to push 30 mn Indian SMEs to Cloud
By Anuj Sharma, New Delhi, (IANS) : India represents a billion dollar Cloud computing market which is growing at 30 per cent annually and Microsoft is well-positioned to support the country’s digital transformation, a top company executive has stressed. “Digital workplace” is the new mantra for enterprises and businesses as IT leaders are focused on…
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Dassault Systemes to help Indian manufacturing firms go digital
By Gokul Bhagabati, Pune, (IANS) : With ‘Make in India’ initiative now becoming a global agenda, there is an incredible opportunity for the Indian manufacturing companies and small and medium enterprises (SMEs) across key verticals to take a giant digital leap, a top executive from Dassault Systèmes has said. With a renewed focus on smart…