AGP Executive Report
Last update: 7 hours agoIndia’s GST Relief: The GST Council approved in principle an optional annual return for more than 1.6 million small businesses with turnover up to Rs 5 crore, alongside proposals for faster refunds, simpler registration and lower penalties. The changes are slated for April 2027. Credit Access: Small-business credit in India reached Rs 50.9 lakh crore in June, up 14.9% year on year; sole proprietors drove much of the growth, including outside major cities. US Contracting: A proposed SBA overhaul could let much larger companies qualify as small businesses, prompting concerns they could crowd smaller firms out of federal contracts. Rising Costs: Australian small-business owners are pushing back against a tax-office ban on credit-card payments, while US owners report pressure from inflation and health insurance costs. Resilience: UNDP and Generali have launched an India challenge for insurance solutions to help small businesses withstand health shocks, asset losses and business interruptions.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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