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Decode cash flow statement to boost your company’s growth

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Eliminate the employee onboarding hassle with Xebra’s automation

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India’s tech companies have a big talent problem

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Minutes Show India Will Go Slow on Exiting Easy Money Policy

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Amplify e-commerce and help all MSMEs reach markets online

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A 2022 vision: 5 lessons from 2021 coming into focus

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Investors decode impact of Budget 2022 on startup ecosystem

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More than 66 lakh MSMEs registered on Udyam portal: Economic Survey

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As govt pushes for digital payments, here’s how active MSME Ministry is in transacting digitally

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How ‘Shark Tank India’ Has Given A Boost To Women Entrepreneurs

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Budget 2022: What is in it for startups?

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Xebra’s Vendor Portal that streamlines payments

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Improve your cash flow with Xebra’s dedicated client portal

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Xebra’s smart alerts notify you when expenses can cross budgeted limit

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Xebra helps you track your revenue targets that you have set client-wise or product/service wise!

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Eliminate the hassle of manually creating monthly recurring expenses forever!

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Xebra is thrilled to be selected in NASSCOM 10,000 Start-ups program

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Eliminate the hassle of manually creating monthly recurring invoices forever!

Read More...

Disburse monthly asset purchase payments in less than a minute!

Read More...

How did digital communication change post covid?

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Watch how pandemic has changed communication strategy for MSME companies

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The Evolving Landscape of Security and Privacy in FinTech

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Ecommerce Agency Owner Roundtable (Virtual Event)

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Disburse monthly company purchases in less than a minute!

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Increase your cash-flow and profitability with Xebra!

Read More...

Multiple GST no’s delayed your tax calculation and accounting entries?

Read More...

Disburse employee monthly salaries in less than a minute!

Read More...

Disburse your monthly Company Expenses in under a minute!

Read More...

Ways to Improve your cash flow and collect money faster from your clients

Read More...

Step by step guide to kick-start your small business

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How can you maintain accounting accuracy for your small business?

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Onboarding Simplified for MSMEs

Read More...

How & Why Saas tools can help your small business?

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Should SMEs in India buy Saas applications and other online tools to become efficient and effective

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Xebra makes payroll a breeze!

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How does an invoicing software work?

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What are the basic accounting disciplines that small companies and start-ups should follow?

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SaaS application that streamlines your accounting, invoicing, and payroll needs of your business.

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Do biz-finance software’s contribute to start-ups in terms of value creation, relationships, counsel, and influence

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Accountant Vs. Bookkeeper- What’s the difference?

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Will accountants be replaced by computers in the coming years?

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Is an online business and finance software the right move for your small business?

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Should small business outsource their bookkeeping requirement or carry it out in-house?

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What are the accounting alternatives to tally for a small business?

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All You Need to know about Banking Terms

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Everything you wanted to know about Tax Deducted at Source TDS

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5 Ways Small Business Are Adopting Cloud Software

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In Conversation with Nimesh Shah Xebra Business Financial Suite

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How Cloud Accounting Can Help Small Business

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Don’t let the lockdown impact your business

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Why every founder must do business financial analysis during this lockdown

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Four free business applications you can use while working from home

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The 10 features in an ideal Online Invoicing Software

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News

India’s tech companies have a big talent problem

Read More...

Minutes Show India Will Go Slow on Exiting Easy Money Policy

Read More...

Amplify e-commerce and help all MSMEs reach markets online

Read More...

A 2022 vision: 5 lessons from 2021 coming into focus

Read More...

Investors decode impact of Budget 2022 on startup ecosystem

Read More...

More than 66 lakh MSMEs registered on Udyam portal: Economic Survey

Read More...

As govt pushes for digital payments, here’s how active MSME Ministry is in transacting digitally

Read More...

How ‘Shark Tank India’ Has Given A Boost To Women Entrepreneurs

Read More...

Budget 2022: What is in it for startups?

Read More...

Xebra is thrilled to be selected in NASSCOM 10,000 Start-ups program

Read More...

The Evolving Landscape of Security and Privacy in FinTech

Read More...

Ecommerce Agency Owner Roundtable (Virtual Event)

Read More...

Media

How did digital communication change post covid?

Read More...

Watch how pandemic has changed communication strategy for MSME companies

Read More...

In Conversation with Nimesh Shah Xebra Business Financial Suite

Read More...

Why every founder must do business financial analysis during this lockdown

Read More...

Four free business applications you can use while working from home

Read More...

Product

Decode cash flow statement to boost your company’s growth

Read More...

Step by step guide to kick-start your small business

Read More...

How can you maintain accounting accuracy for your small business?

Read More...

Onboarding Simplified for MSMEs

Read More...

How & Why Saas tools can help your small business?

Read More...

Should SMEs in India buy Saas applications and other online tools to become efficient and effective

Read More...

Xebra makes payroll a breeze!

Read More...

How does an invoicing software work?

Read More...

What are the basic accounting disciplines that small companies and start-ups should follow?

Read More...

SaaS application that streamlines your accounting, invoicing, and payroll needs of your business.

Read More...

Do biz-finance software’s contribute to start-ups in terms of value creation, relationships, counsel, and influence

Read More...

Accountant Vs. Bookkeeper- What’s the difference?

Read More...

Will accountants be replaced by computers in the coming years?

Read More...

Is an online business and finance software the right move for your small business?

Read More...

Should small business outsource their bookkeeping requirement or carry it out in-house?

Read More...

What are the accounting alternatives to tally for a small business?

Read More...

All You Need to know about Banking Terms

Read More...

Everything you wanted to know about Tax Deducted at Source TDS

Read More...

5 Ways Small Business Are Adopting Cloud Software

Read More...

How Cloud Accounting Can Help Small Business

Read More...

Don’t let the lockdown impact your business

Read More...

The 10 features in an ideal Online Invoicing Software

Read More...

Video

Eliminate the employee onboarding hassle with Xebra’s automation

Read More...

Xebra’s Vendor Portal that streamlines payments

Read More...

Improve your cash flow with Xebra’s dedicated client portal

Read More...

Xebra’s smart alerts notify you when expenses can cross budgeted limit

Read More...

Xebra helps you track your revenue targets that you have set client-wise or product/service wise!

Read More...

Eliminate the hassle of manually creating monthly recurring expenses forever!

Read More...

Eliminate the hassle of manually creating monthly recurring invoices forever!

Read More...

Disburse monthly asset purchase payments in less than a minute!

Read More...

Disburse monthly company purchases in less than a minute!

Read More...

Increase your cash-flow and profitability with Xebra!

Read More...

Multiple GST no’s delayed your tax calculation and accounting entries?

Read More...

Disburse employee monthly salaries in less than a minute!

Read More...

Disburse your monthly Company Expenses in under a minute!

Read More...

Ways to Improve your cash flow and collect money faster from your clients

Read More...

1% inspiration, 99% perspiration: Budget should incentivise turning jugaad into innovation

Prime Minister Narendra Modi recently called startups the backbone of a new India. The country has 90 unicorns and is the third largest unicorn hub, behind the US (487) and China (301), said a report by Orios Ventures. Despite the success of the startup ecosystem in the country, the numbers around investments on innovation and R&D are still dismal.

While India’s rank in the Global Innovation Index improved to 48 last year from 81 in 2015, the Economic Survey 2021 showed that India’s expenditure on R&D and innovation was very low compared with other countries. India’s gross expenditure on R&D is 0.65% of its GDP, significantly lower than the top 10 economies that spend 1.5-3% of GDP on research and innovation.

Pradeep Multani, President, PHD Chamber of Commerce and Industry, says there is a dire need to invest in innovation and R&D in India. “At this juncture, we suggest encouraging and incentivising research & development in the private sector, along with making it simpler and encouraging.

For Make in India to become a global reality, we must target 2% of GDP for R&D spending. The government can reallocate and manage its resources. However, the real challenge is in firing up the private sector. R&D spend by the public sector is 70% as compared with 30% by the private sector. This needs to be reversed,” says the head of the PHD Chamber of Commerce.
 

Budget Boost
Multani suggests that some attention be paid in the upcoming budget to this area. He recommends incentivising R&D by providing subsidies and/or fiscal stimulus to the private sector. The subsidy can be in the form of direct support through provision of research grants or indirectly through R&D tax subsidies.
 

The budget should have provisions to attract FDI in R&D as we usually get prototypes and semi-developed tech samples from abroad. “Such R&D activities are not treated as export of services and, instead, taxed under GST at 18%, as the place of supply by virtue of section 13(3)(a) of IGST is the location where the services have been performed — i.e., India in this case. This is making R&D activity uncompetitive and many companies are shying away from making any further investment investment in India,” he explains.

Read more at : https://bit.ly/3vbvnews61

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