- Will Jaitley’s World’s Biggest Healthcare Scheme Augur Better Health For Startups Too? Announcing the world’s biggest healthcare scheme, National Health Protection Scheme, that will benefit 10 Cr people in the country, Finance Minister Arun Jaitley in today’s budget 2018 also announced a string of other allied initiatives such as blockchain, AI and ML push that are bound to help encourage healthcare startups. Budget 2018 was the last full […]
- Cryptocurrency: Bitcoin Exchanges To Approach AAR Over GST Clueless about under which GST slab Bitcoin falls, cryptocurrency exchanges in India are now approaching the Advance Authority of Ruling seeking clarification over the applicability of tax rates. The confusion has grown after the Finance Ministry stated that Bitcoin is neither a currency nor an asset. Speaking to Inc42, Hesham Rehman, cofounder and CEO of […]
- Govt. Mulls Over Implementing KYC For Cryptocurrency Transactions The Indian government is mulling the implementation of Know Your Customer (KYC) norms to ensure safe cryptocurrency transactions. As per reports, the Finance Ministry is also looking to develop a specialised framework for international transactions using cryptocurrencies like Bitcoin. These steps will be taken as part of foreign exchange regulations, according to media reports. At […]
- 13 Indian Startup News That You Don’t Want To Miss This Week [News Roundup] We bring to you the weekly dose of important Indian startup news of the week. From exercising caution over Bitcoin cryptocurrency, the Government of India could finally be moving towards compliance. As per recent reports, a committee of finance ministry officials, IT ministry officials, NITI Aayog, and Reserve Bank officials, may be inching closer to […]
- Finance Ministry Delays TDS, TCS Under GST For Ecommerce Players The Ministry of Finance has delayed the provisions related to TDS (Tax deducted at source) and TCS (Tax collected at source) for ecommerce players. The move is made in a bid to ensure the smooth rollout of GST. As per a notification issued on Monday, the government said that the provisions of “TDS (Section 51 […]
- MP Rajeev Chandrasekhar’s Open Letter To Arun Jaitley – Raises 5 Key Issues With Turning India Cashless MP Rajeev Chandrasekhar has written a letter to Arun Jaitley, Finance Minister of India, on December 21. In the letter he has apprised the Finance Minister of certain key issues that will arise as the Government and the RBI move towards digitising the economy and the banking and payments sector. At the outset, Rajeev welcomed […]
- ‘Ola, Uber In Violation Of Government Rules’: Radio Taxi Association To Government The struggle for Ola and Uber to co-exist with other transport providers is getting difficult by the day. According to reports, the Radio Taxi Association has written to the government, stating that both cab aggregators are defying the marketplace guidelines issued earlier this year by the government. According to a letter dated May 25 to […]
- Online Ads To Get Costlier, Equalisation Levy To Come Into Force From June 1 The rules for implementation of Equalisation Levy (EQL), notified by the finance ministry, will come into force tomorrow, June 1st. In a circular dated May 27, The Central Board of Direct Taxes (CBDT) said the 6% levy would come into force from June 1, 2016. The EQL is aimed at nullifying the advantage of foreign […]
- Union Budget 2016: Here’s What The Startup Ecosystem Had To Say About This #VikasKaBudget Last year, the Nehru jacket was dark blue and the briefcase, light brown. Au contraire, this year, Finance Minister Arun Jaitley wore a light blue Nehru jacket and carried a brown briefcase that was a tad darker than last year’s. All eyes were on our suave FM, as he stood up at the Lok Sabha […]
- PIB clears India Post’s $116 Mn Proposal For Payments Bank The Public Investment Board (PIB) has approved India Post’s $116.7 Mn (INR 800 Cr.) proposal for setting up a payments bank, reported PTI. PIB, under the Finance Ministry, fosters investment proposals by state-run entities. According to a senior official at Department of Post, the proposal was approved at the PIB meeting held on January 19. […]
- Finally, Lok Sabha Passes Much Awaited Goods and Services Tax Bill In a major taxation reform which will boost India’s GDP, the Lok Sabha passed the much-delayed and debated Goods and Services Tax (GST) bill, paving the way for implementation of the new indirect tax regime from April 2016. While giving the details of Bill to the MP’s, Union Finance Minister Arun Jaitley said, “It is […]