Piyush Goyal: Decision to allow firms below GST limit to indulge in e-commerce to help small businesses: Piyush Goyal

[ad_1] New Delhi: The decision to allow the below firms GST threshold to join e-commerce A big decision that will help small businesses benefit from rapid growth online areaMinister of Commerce and Industry Piyush Goyal said on Thursday. The minister said that this decision will be a game-changer for the success of the government’s Open Network for Digital Commerce (ONDC) platform. “It will bring small retailers into the e-commerce ecosystem,” he said, adding that handicrafts, handlooms, textiles and small retailers would be the major beneficiaries. The GST Council has decided…

Six Indian companies in Business Week’s top 100 infotech firms

[ad_1] NEW DELHI: Despite the turmoil in the global economic environment, six Indian firms including Reliance Com and Bharti Airtel have been named among the top 100 best performing infotech companies in the world by an American magazine Business Week. BusinessWeek’s latest annual list ‘The Infotech 100’, which ranks firms on the basis of shareholder return, return on equity, total revenue and revenue growth, has ranked telecom major Bharti Airtel at 21st position, followed by Reddington. India (55th) and RCom (66th). The list has been topped by US firms —…

lack of infrastructure to substitute; Plastic ban delayed by six months, say firms

[ad_1] The recent ban on single-use plastics, effective July 1, is likely to challenge food and beverage companies. An alternative like paper straws will cost more than the affordable ones now offered by various brands. Brands feel that integrated plastic straws come as part of juice and milk based beverage packs and do not contribute much to plastic pollution as they are part of the recycling and processing chain that has already been established by the companies Which are part of their EPR mandate. With no sustainable alternative to the…