Unified Payment Interface (UPI) transactions have become immensely popular. In 2018, its volume increased by 400%. The National Payments Corporation of India (NPCI) is focussed on updated the BHIM app and had recently launched UPI 2.0 with features such as increased transaction limits, overdraft account and more. The latest feature added to BHIM app is…
Drop In Inflation for Retailers & Wholesellers
Wholesale and retail inflation witnessed relaxation in December 2018 with a reduction in fuel prices. From 2.33% in November, it dropped to 2.19% in December. According to data from Commerce Ministry, inflation reduced from 4.64% in November to 3.80% in December based on the lower fuel prices and manufactured products price. Consumer Price Index (CPR)…
Indian Manufacturing Industry Trend 2019
The Indian manufacturing sector has evolved drastically in the past few years and has become one of the high growth sectors of India. Initiatives such as Make in India and implementation of good and service tax (GST) have been the boosters in the growth of this industry. By 2020, India is expected to become the…
SME Delight: Exemption Limit For GST Hiked To Rs 40 Lakh
A great breather for SMEs, Union Finance minister Arun Jaitely has double the exemption limit of Goods and Services Tax (GST). Now, a small business with an annual turnover of up to Rs 40 lakhs is free from registration and payment of GST. For hilly states and North Eastern states, it is increased from Rs…
Loan Relief Package For MSMEs By RBI
After initiative of the Government of providing loan approved in 59 minutes, here is a new year gift for small businesses. To benefit numerous micro, small and medium enterprises (MSMEs) suffering from debts, the Reserve Bank of India (RBI) has come up with a one-time restructuring grant. Wherein, banks and non-banking finance companies (NBFCs) will grant…
Indian Logistic Trends 2019 Discussed
The logistics sector has a good share of around 13% in India’s GDP. The sector is growing exponentially with higher investments and drift toward technology. This segment is undergoing continuous changes in security and automation, being the most important aspects. Like every sector, logistic also faces some challenges, along with reforms initiated by the Government….
5 Things to Consider while Buying an Automotive Product
Nowadays, automobiles have become the most important part of our lives. They have made the human lives so easier. From transporting goods to transporting people from one place to another, automobiles play an important role. But they also require a great amount of attention in the matter of maintenance due to heavy wear and tear….
Selecting the Right Type of Adhesive Tape
From normal household uses to packaging factories, adhesive tapes are used everywhere. Different kinds of tapes are used for different tasks. The various types of tapes include masking tape, duct tape, insulation tape, warning tape, etc. Below is a small brief about the major types of adhesive tape. Mankind has discovered and is busy evolving various…
6 SME Business Trends to Observe in 2019
A catalyst for India’s growth, the SME sector is developing exponentially. Small and medium enterprises have been receiving and providing great work opportunities with the growing digitization. Irrespective of infrastructure or financial constraints, SME continues to support the Indian economy. In this league, the Government of India is also taking various initiatives, one of them…