Invitation to participate: Impact of Union Budget 2018-19 on SME, New Delhi
The Government of India came out with the Union Budget for 2018-19 on February 1st 2018, which was also the last regular budget for the current government. There were some key announcements in the budget impacting SMEs like-
- Companies with a turnover of less than Rs 250 crore in FY17 would be required to pay tax at 25 percent (and not at the erstwhile rate of 30 percent) in FY19.
- The proposal to onboard public sector banks and corporates on the Trade Electronic Receivable Discounting System platform and revamping of online loan sanctioning facility for SMEs is expected to address working capital woes of SMEs and facilitate speedier access to formal finance
- Allocation under the Jobs and Skill Development scheme has increased by 24% to Rs 50.71 billion in 2017-18. This augurs well for the SME sector which has been struggling to bridge the demand-supply gap for skilled labor.
SME need to align their business plan, operations, key customer facing processes and make it more agile and responsive. With this thought, Dun & Bradstreet (D&B), the world’s leading provider of business information, in association with SAP India is delighted to host an event on the Impact of Union Budget 2018-19 on SME.
The event is scheduled on March 21, 2018 from 10:00 am to 1:00 pm followed by lunch at Crowne Plaza Hotel, Okhla, New Delhi.
The discussion will focus on following pointers & opportunities emerging from the Union- Budget 2018-19