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Showing posts from November, 2017

HSIIDC Independent Director appointed

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Gurugram, Nov 15 : Rashmi Khetrapal has been appointed an Independent Director of the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) for two years, an official said on Wednesday. “In pursuance of Section 149(10) of the Companies Act of 2013, Rashmi Khetrapal is appointed Independent Director on the Board of Director of HSIIDC, Panchkula, with immediate effect for two years,” Industries and Commerce Department Principal Secretary Sudhir Rajpal said in an official order. Rashmi Khetrapal is founder of CountMagic.com , a Goods and Services Tax billing software company aimed at making businesses simple in the new tax regime. She is a chartered accountant, apart from being an entrepreneur. This article has also been published in  Yahoo This article has also been published in  Suryaa , This article has also been published in  ThePeoplePost  This article has also been published in  DailyWorld  This article has a...

Government Plans Phase-2 of Digital Payment Push From January

Since the demonetisation of high value currency in November last year, the government has been pushing for digital payments to move towards a less-cash economy as well as enhance tax base. The government is working on launching the second phase of promoting digital payments from January, according to an official source. "A committee under DAVP (Directorate of Advertising and Visual Publicity) is working on plans to start promotion of digital payments from January onward," an official source told PTI. "Information and Broadcasting ministry along with Meity (IT ministry) are involved in firming up this plan," he said. The logo and jingle are being prepared and the next meeting of the DAVP panel is expected to be held within a week to submit the plans, he said. "There is a proposal that every ministry should come up with its plan to promote digital payments," he added. Since the demonetisation of high value currency in November last year, the gov...

Industry honchos give thumbs up to demonetisation ahead of its first anniversary

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While the first quarter of demonetisation created initial disruption in the Indian economy, industry as well as consumers eventually witnessed the positive impact of demonetisation within the first year of its implementation. Some industry experts now claim that, this indeed, was a master stroke for the industry. According to them, though the growth slowed down for a quarter but eventually it proved be a boon to the economy. Sharing the success story of demonetisation for the commercial real estate industry, Puneet Chandra- Founder and CEO, Skootr said, “Demonetisation and efforts from the government to restrict black money and its digital policy has boosted the confidence of legitimate businesses. Economic stability and a consistent political environment are directly proportional to business sentiments in the country. I feel this has turned a lot of businesses internationally very positive about India; as a result, we see a lot of traction in the commercial real estate industry....

Consultancy firms see silver lining: impact of Demonetisation and GST

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Digital push provides more training opportunities demonetisatio he consultancy sector is one area where demonetisation of high-value notes and implementation of the Goods and Services Tax (GST) seem to have had a positive effect. Consultancy firms have seen an increase in demand, say industry members. Sumit Peer, founder and CEO of Aurelius Corporate Solutions, a leading knowledge solutions integrator, said, “Our business has improved a lot, with more training opportunities on Enterprise Resource Planning (ERP) customisation and automation of homegrown Customer Relationship Management (CRM) solutions. We have seen good demand on programmes like SAP-GST from all segments of the market.” Rshmi Khetrapal , founder of Count Magic , a GST software company, said demonetisation and GST has helped create transparency and increase tax base and revenue. “A large number of shell companies have been identified. This has helped our business grow much faster. India was a largely cash-driven...