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GST Made Simpler For Small Entrepreneurs In India

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GST Made Simpler For Small Entrepreneurs In India,Startup Stories,Small Entrepreneurs In India,GST Council Meet,GST Rollout,Finance Minister Arun Jaitley,Changes To GST for Small Entrepreneurs,Prime Minister Narendra Modi About GST Rates

Three months after the rollout of the  Goods and Services Tax (GST,) the Government announced the GST taxation policies will be revamped to make the process a less painful exercise. The renewed indirect tax regime will help ease the concerns of traders, exporters and small businesses in India.

At the 22nd meeting, the council consisting of all the finance ministers of all the states, announced a slew of new measures to reduce the burden and stress the implementation of the GST has brought to exporters and small businesses. In accordance with the new measures, businesses with an annual turnover of up to Rs. 1.5 crores would be allowed to file quarterly income returns instead of the current provision of monthly filings. This switch over to quarterly filings from monthly fillings will kick off from October 1. However, all the businesses will have to file monthly returns for the July – September period.

The limit for the composition scheme was also been increased to Rs. 1 crore from Rs. 75 lakhs to help the trade and industry sector adjust to the GST compliance. Under the composition scheme, businesses trading in goods have to file 1% tax, while manufacturers and suppliers of food or drinks file a 2% and a 5% tax respectively.

According to Prime Minister Narendra Modi, the changes in the taxation system are in line with the government’s constant endeavor to safeguard the citizens’ interests and ensure a growth in the Indian economy. Speaking about the changes, Finance Minister Arun Jaitley said, “ After almost three months since GST rollout, it is time to deliberate on its effect on various trades and the transition.” PM Modi had indicated earlier this week that the Government was ready to push for relief measures to reduce the problems faced by small businesses and other sections of the economy.

Apart from the new relief measures for small businesses entrepreneurs, the Council also decided to cut the GST rates on 27 other items including the food industry, textile industry and exporters of goods and services. In the meanwhile, services like imitation, zari and printing items will be taxed at 5% instead of the 12%, while service providers with revenue of less than Rs. 20 lakhs have been exempted from the list.

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Jio BlackRock Gets SEBI Approval to Launch Brokerage Operations in India

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Jio BlackRock Broking Private Limited, a joint venture between Jio Financial Services and BlackRock Inc., has received final approval from the Securities and Exchange Board of India (SEBI) to commence operations as a brokerage firm. The regulatory nod, granted via a certificate of registration issued on June 25, 2025, allows the company to function as both a stockbroker and a clearing member in India’s financial markets. This milestone follows a series of regulatory clearances for the Jio BlackRock ecosystem, including approvals for mutual fund and investment advisory businesses, underscoring the joint venture’s ambition to build a comprehensive, digital-first financial services platform.

As a wholly owned subsidiary of Jio BlackRock Investment Advisers, the broking arm aims to deliver affordable, transparent, and technology-driven execution services to Indian investors. The company’s leadership has emphasized that the new platform will empower self-directed investors with seamless execution capabilities, complementing its broader strategy to democratize access to investment solutions in India. The approval is expected to further strengthen Jio BlackRock’s position in the rapidly expanding financial services sector, offering a full suite of products from mutual funds and advisory to brokerage, all accessible through user-friendly digital channels.

The market responded positively to the news, with Jio Financial Services shares rising over 4 percent following the announcement. Industry analysts view this regulatory milestone as a significant step in Jio BlackRock’s efforts to transform India’s investment landscape, moving the country closer to becoming a nation of investors rather than just savers.

 

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CoRover Unveils BharatGPT Mini: India’s First Offline Multilingual AI

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CoRover has launched BharatGPT Mini, India’s first offline multilingual AI model, at VivaTech 2025 in Paris, with the event officiated by Union Minister Jitin Prasada. This innovative Small Language Model (SLM), featuring around 534 million parameters, is specifically designed for edge devices and low-compute environments, enabling robust AI capabilities without the need for cloud connectivity. Its ability to function entirely offline and support 14 Indic languages makes it a powerful tool for digital inclusion, particularly in rural and remote regions where internet access is limited.

BharatGPT Mini’s architecture is optimized for deployment across various sectors, including healthcare, education, banking, and governance, allowing citizens to interact with essential services in their native languages. The model can be integrated into small businesses, government offices, and other organizations through the CoRover Builder platform, which offers a no-code solution for deploying AI assistants across web, telephony, and IoT systems. By processing data locally and encrypting it on-device, BharatGPT Mini ensures strong privacy and data sovereignty, aligning with India’s strategic goal of developing indigenous AI solutions. 

The launch has garnered strong support from both the Indian government and industry leaders, who see BharatGPT Mini as a catalyst for democratizing access to digital services. CoRover anticipates significant growth in the adoption of Small Language Models, with early feedback indicating a substantial increase in project demand. As CoRover looks to expand its expertise globally, BharatGPT Mini stands out as a scalable, multilingual, and privacy-centric solution, setting a new standard for inclusive and sovereign AI innovation in India’s diverse landscape.

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Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

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Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

The device enhances user experience by integrating two essential functions into one compact design. It securely holds the phone while providing efficient charging, making it perfect for use on desks, bedside tables, or other personal spaces where easy access and power are needed. This innovation aligns with the growing trend of multifunctional mobile accessories that prioritize both convenience and practicality.

E-Quark Molecule Innovations is a key player in Kerala’s dynamic startup ecosystem, which has been rapidly expanding in tech-driven areas such as electric vehicle charging infrastructure. With the launch of this mobile holder-charger, the company is establishing itself as a leader in user-centric mobile accessories, further cementing Kerala’s position as a hub for cutting-edge technology development.

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