Category «Economy»

GST will reduce electronic manufacturing cost in India

electronic manufacturing in india

Domestic manufacturers of electronic devices will benefit from the goods and services tax (GST) system because manufacturing costs will be greatly reduced. According to a study done jointly by ASSOCHAM and NEC Technology, “Local manufacturers will be able to reduce their profit in taxpayers to bring it down to the customer.” According to the study, …

Karnataka Government to spend Rs 100 cr on selected startups

karnataka government startup funding

Karnataka government will spend about Rs 100 crore to ‘elevate’ 100 startups by providing them funds and mentors to help them turn their ideas into successful businesses, IT Minister Priyank Kharge said today. The funds had been allotted under ‘Elevate Programme,” Kharge told over the phone from New Delhi. All the selected startups will not …

US inspired by India’s demonetization move

us inspired by demonetisation

The US can learn many lessons from India’s move towards a cashless economy, a top Silicon Valley expert has said while underlining that India “may have leapfrogged” American technology industry with simple and practical innovations. “India may have leapfrogged the US technology industry with simple and practical innovations and massive grunt work. It has built …