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Govt may relax 45-day payment rule for MSMEs in budget

The government is considering suggestions regarding changes to Section 43B(h) of the Income Tax Act made by MSMEs during pre-budget consultationsNew Delhi: The government may relax the requirement of making payments to MSMEs within 45 days of buying goods...

Japan’s retail sales rise for first time since quake

Retail sales in Japan have risen for the first time since the earthquake and tsunami hit the country in March.According to the latest official data, retail sales rose 1.1 per cent in June from a year earlier, indicating that...

Retail business in India to grow to $ 590 bn in 2011-12: Report

“The real GDP is expected to grow at 8 to 10 per cent per annum in the next five years. As a result, the consuming class with annual household incomes above Rs 90,000 is expected to rise from about...
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An American or a British model doesn’t work in India. It must be Indianized: Abhijeet Anand, AbCoffee

Abhijeet Anand, founder and chief executive officer of AbCoffee talks about the changing lifestyles of Indians; the future of...
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