AGP Executive Report
Last update: 12 hours agoGST Relief: India’s tax council has approved easier registration and refunds, removed tax officers’ arrest powers and raised the prosecution threshold to ₹5 crore. Small firms with turnover up to ₹5 crore may also get an annual-return option. Lending: Mumbai-based NeoGrowth raised ₹85 crore from FMO and LeapFrog to grow its MSME loan book towards ₹3,000 crore. Separately, India’s small-business credit reached ₹50.9 lakh crore in June, with sole proprietors driving growth. Microfinance: India’s chief economic adviser urged lenders to prioritise savings and insurance over credit, warning that over-lending and mis-selling have fuelled repeated crises. Payment Costs: GTRI is urging India to scrap a planned 0.4% fee on merchant UPI payments above ₹2,000, warning it could squeeze small-business margins and push up prices. Power Bills: In Pakistan, electric motors use nearly half of industrial electricity, making efficiency upgrades a potential way for small factories to cut costs.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
