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68% start-ups, MSMEs didnt benefit from Centres COVID-19 schemes, claims survey Funding remains major problem for startups and MSMEs, survey reveals; around 28 per cent listed raising funds or loans as top challenges in 2021, while another 25 per cent were worried about finding growth Joe C Mathew | January 15, 2021 | Updated 13:46 IST Only 21 per cent said they benefitted from the Centres schemes A clutch of MSME (Micro, Small & Medium Enterprises) and startup schemes of the Centre, which wer...

Bengaluru: I-T Dept conducts surveys at Flipkart, Swiggy (Photo: Reuters) Shailesh Yadav , ANI The surveys are in connection with an alleged bogus input tax credit connected to an external vendor, say sources Both companies say theyre providing info and extending co-operation, in full compliance with tax requirements Share Via Read Full Story BENGALURU : The Income Tax Department is conducting a survey at Instakart (a group company of Flipkart) and food ordering and delivery company Swiggy in ...

The Income Tax Department is conducting a survey at Instakart (a group company of Flipkart) and food ordering and delivery company Swiggy here in connection with an alleged bogus input tax credit (ITC) connected to an external vendor, sources informed on Thursday. According to sources, the survey was conducted on the input provided by the Directorate General of GST Intelligence (DGGI) who is currently running a nationwide drive against GST evaders to minimise the misuse of the system. DGGI ha...

Updated Jan 07, 2021 | 21:44 IST Finance Secretary Ajay Bhushan Pandey had said that to minimize the misuse of the system, the government has kept a check on those persons who were claiming excess Input Tax Credit (ITC). IT dept conducts surveys at Flipkart, Swiggy HOs&nbsp | &nbspPhoto Credit:&nbspPTI Bengaluru: The Income Tax Department is conducting a survey at Instakart (a group company of Flipkart) and food ordering and delivery company Swiggy here in connection with...

By Ahmed Kaigama Bauchi, Jan. 6, 2020 The Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) trained more than 10, 000 young entrepreneurs in the North East region in 2020 on how to manage small businesses profitably. Mr Isa Doguwa, the Zonal Coordinator, SMEDAN North East Region, disclosed this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Bauchi. Doguwa said that compared to 2019, SMEDAN recorded huge success in terms of training and empowerment in the...

IT dept conducts surveys at Flipkart, Swiggy HOs ANI | Updated: Jan 07, 2021 20:23 IST By Shailesh Yadav Bengaluru (Karnataka) [India], January 7 (ANI): The Income Tax Department is conducting a survey at Instakart (a group company of Flipkart) and food ordering and delivery company Swiggy here in connection with an alleged bogus input tax credit (ITC) connected to an external vendor, sources informed on Thursday. According to sources, the survey was conduc...

•Tariff increases to continue till Discos cover costs, says NERC Ndubuisi Francis, Chuks Okocha, James Emejo, Onyebuchi Ezigbo, Emmanuel Addeh in Abuja and Dike Onwuamaze and Peter Uzoho in Lagos Analysts, the Organised Private Sector (OPS), labour and the Peoples Democratic Party (PDP) yesterday decried a review, by the federal government, in electricity tariffs, especially amidst the current economic challenges occasioned by the COVID-19 pandemic. They faulted the timing of the tariff adjus...

Business/MONEY Kunle Aderinokun and James Emejo aggregate analysts perspectives on the performance of the Central Bank of Nigeria in its regulatory and developmental functions – and conclude that though the apex bank had exceeded expectations particular in the role it played to sustain the economy amidst the impact of the COVID-19 pandemic last year, more strategic interventions are still required to boost the real sector and set the economy on the path of recovery and growth amidst the curre...

Apart from the COVID-19 pandemic and the lockdown, the EndSARS protest was another bane for the MSME sector that was attempting to recover later in the year. The Lagos Chamber of Commerce and Industry (LCCI) this week said the restrictions being placed by some states due to the rising second wave of the pandemic and the lockdown enforced months ago by the government cost the MSMEs in Lagos N2.7 billion revenue. The LCCI Director-General, Dr Muda Yusuf highlighted the major challenges faced by t...

BRIEF HISTORY Electricity was first generated in Nigeria in 1866 when two generating sets were installed to serve the Colony of Lagos. In 1951, the government of Nigeria, through an Act of Parliament, established the Electricity Commission of Nigeria (ECN) to regulate and operate the power supply systems in Nigeria. Subsequently, the Niger Dam Authority (NDA) was established for the development of the Kanji Hydroelectric Dam. In 1972, the ECN and the NDA were merged to form the Nigerian Electri...