iSPIRT works to transform India into a hub for new generation software products, by addressing crucial government policy, creating market catalysts and grow the maturity of product entrepreneurs. Welcome to the Official Insights!
iSPIRT’s FinTech Leapfrog Council (FTLC) is an initiative designed to help incumbent, government-owned banks make the transition to an era of cashless, presenceless and paperless transactions enabled by India Stack and other emerging technologies. At iSPIRT, our belief is that banking will change more in the next five years than it has in the last …
Continue reading “Call for Volunteers: FinTech Leapfrog Council [FTLC]”
One of our key clients using SahiGST suddenly placed a lead on our website. After seeing a few of these leads, I pinged my sales lead and asked him, are they looking for an alternative software? Didn’t they buy a bigger package from us just a few days back? My sales lead calmly replies, ‘oh …
Continue reading “3 Learnings From a Fintech SaaS Offering For Indian SMEs”
“I propose a series of measures to deter the generation and use of unaccounted money. To this end, I propose: Increasing the onus of proof on closely held companies for funds received from shareholders as well as taxing share premium in excess of fair market value.” When ex-Finance Minister Pranab Mukherjee introduced angel tax in …
iSPIRT’s Response- White Paper on Data Protection Framework for India from ProductNation.in Read more about the Data Protection Law here: https://pn.ispirt.in/india-in-a-digital-world co-authored by Shrikant Karwa and Sarika Mendu. For any query, Feel free to write to us: [email protected]
Have you seen the recent movie Queen of Katwe? In one of the scenes, when the talented chess prodigy Phiona (a child from the slums) is afraid to play in her first tournament against rich kids from other schools, the coach Robert tells his students a fable. There was a dog who sees a cat …
Starting nine years ago, Aadhaar, eKYC, UPI and the rest of India Stack laid the foundation for a formalization of the Indian MSME sector. With the introduction of Aadhaar for Business and the unlocking of GST data for lenders, we are poised to see an explosion in flow-based lending to MSMEs, ultimately having a multiplier …
Continue reading “While Well-Intentioned, Budget 2018 Falls Short of Expectations”
Every year we have two events in financial year end which attracts every one right from Industry, Agriculture to common man of this country. These are annual budget of Govt. of India and preceding the budget the Economic survey. The Chief economic adviser who keeps an eye on the Economy of the country round the …
Continue reading “Economic Survey coverage on IT Sector and Exports”
It’s been two years since the fateful 2016 budget which recognised “Startups” as a separate breed of companies unto themselves, demanding bespoke treatment from the government and authorities. The clarity brought forth helped quell the nerves of both companies and investors, who had to otherwise resort to exotic exercises, supplementary structures, and platoons of professionals …
Continue reading “A Look Back At How Startup India Has Eased The Journey Of Startup And Investors”
iSPIRT has taken up a checklist of issues to be resolved for helping Startups stop relocating themselves abroad and stay in India, popularly called as Stay-In-India Checklist. These were taken up with Department of Industrial Policy and Promotion (DIPP) under Ministry of Commerce, Government of India. DIPP is also the administrative department for Startup India …
Continue reading “List of Startup Issues resolved Stay-in-India Checklist”
An evening with Julia iSPIRT, in association with Julia Computing, is proud to announce an open-session with Prof. Alan Edelman and Dr. Viral Shah, co-creators of Julia, an open source programming language, and co-founders of Julia Computing Inc. The event will be hosted in Koramangala, Bangalore, on the 22nd of January 2018, from 5 – 7pm. …
Continue reading “Deep Learning Session with Julia Computing”
Context Section 56(2)(viib) of the Income Tax Act, 1961, or the dreaded “Angel Tax” was inserted by the Finance Act, 2012 to tax any capital raised by a closely held company which is above its Fair Market Value (FMV) as income from other sources, with Rule 11UA(2) stipulating the following two methods for determining the …
Continue reading “Angel Tax in India — Demystified and Explained”
Quick Update: We have submitted our response on 30 January 2018. You can find it on this link It is widely known that the amount of data generated daily worldwide is rising at an incredibly exponential rate. Yet, what remains shrouded is how this data, particularly those data types concerning or generated by us, as individuals, …
Roadmap is a key part of a software product company, especially Enterprise Software (B2B) software. When you sell your software to a customer, it is not just on the current capabilities but lot of emphasis is made on the Roadmap. Especially with cloud based software this is becoming super important, as the innovation and capabilities …
New Year Greetings from Product Nation We are happy to present the iSPIRT Volunteer Handbook. The volunteer model that underpins iSPIRT has been around since 2009. Every three years we write about our volunteer model so that others can learn from it and build their own volunteer networks. There are many kinds of volunteer networks. …
Access to formal credit continues to be one of the largest challenges faced by MSMEs in India due to lack of verifiable data about their business.Digital payments data combined with GST data has the potential to unlock millions of SMEs & bring them into the formal system. India is going through a Cambrian explosion of …
Continue reading “Leveraging GST data for Flow based Lending”