DIPP finally launched a portal and mobile app which will act as a single window for receiving latest updates on various notifications, circulars issued by various departments and different funding agencies. It also released FAQs to provide better information on tax benefits that was announced by the government for budding entrepreneurs, with an annual turnover of less than INR 25 Cr.
Important Developments Of The Week
Supreme Court Extends Deadline For Private Cab Aggregators
Cab-aggregators have now been granted a month’s time to switch to CNG vehicles from diesel. The ban posed a major threat to the cab-aggregators in the city.
Gujarat Govt To Impose Tax On Ecommerce Goods
The state passed a bill to levy entry tax on goods purchased through ecommerce portals under the Gujarat Tax on Entry of Specified Goods into Local Areas (Amendment) Bill, 2016, which was passed in the state assembly on Wednesday.
Droom Launches Auto Inspection App
Droom launched an auto inspection app Eco in association with Carnation Auto. It is aimed at improving the transparency and authenticity of automobile checks, and thereby increasing buyer’s confidence before buying a used car.
Amazon To Open Biggest Campus In Telangana
Amazon India announced to infuse fresh investments in Telangana, to launch Amazon’s biggest campus in India and largest campus outside the US. The new campus is expected to be ready by 2019, and would house thousands of employees managing backend operations for Amazon’s various global business and technology teams.
Uber Bets Big In India
Uber plans to invest $500 Mn (INR 3,300 Cr) in India by June this year. The investment is said to be made in order to take on its biggest Indian rival, Ola.