The government is inviting feedback from various sectors to modify the definition of Indian businesses that can be classified as ‘start-ups’. DIPP secretary Ramesh Abhishek said that the definition of start-ups in its current form needs to undergo a change. “We would be happy to make it even more…
MSME Min to organise 60 Vendor Development Programmes for SC/ST entrepreneurs
“In the Financial Year 2017-18, as many as 60 special Vendor Development Programmes is proposed to be held for SC/ST entrepreneurs along with facilitating capacity building for around 10000 SC/ST beneficiaries,” the Ministry of Micro, Small and Medium Enterprises (MoMSME) said. In a F…
More than 2/3rd of Indian SMBs have seen a drop in business: Survey
More than two thirds of small and medium enterprises (SMEs) have seen a drop in business manly due to currency crunch, reveals a survey. According to a media report, a survey conducted by State Bank of India (SBI) among small businesses pointed that more than two-thirds of them have seen a drop i…
Empowering Indian women will add millions of businesses, jobs: Facebook
As four out of five women in India wish to become entrepreneurs, the country is missing out on a potential 15.5 million new businesses and 64 million additional jobs by not addressing the challenges facing such women, a new Facebook study said. The study revealed that if just 52% of women were em…
IDG Ventures India & Axilor to invest in virtual and augmented reality-based start-ups
IDG Ventures India (IDGVI), in partnership with Axilor Ventures, has launched a Frontier Tech Innovators Program, to invest and partner with new-age disruptive start-ups which specialize in frontier tech like virtual and augmented reality. Frontier technologies are deep technologies which have no…
Chinese gaming company Youzu Interactive to invest $10 mn in Indian start-ups
Listed Chinese gaming company Youzu Interactive is entering the Indian market with plans to launch local Indian casual strategy games in 2017 through its unit set to come up in Pune, its India CEO Anuj Tandon said. Independent sources estimated the company would invest $10 mn to create local game…
SMBs not ready for GST, delay roll out till September: CAIT
Traders association Confederation of All India Traders (CAIT) made a case for delaying the roll out of Goods and Services Tax (GST) regime to September 1 as small businesses are not yet prepared for it. Nearly 70% of small businesses in the country are yet to adopt digital technology in their bus…
K’taka MSMEs urge CM to reduce lease period for land allotment
Karnataka Cabinet has passed an amendment to the Karnataka Industrial Areas Development Board (KIADB) rules on land allotment by withdrawing the 99-year lease clause for allotment to industries. After the decision, the clause of 99 years for allotment of land or plots to industries and infrastruc…
Start-up: जानिए स्टार्टअप के बारे में, कैसे कारोबार शुरू करके पा सकते हैं फंड!
पिछले एक दशक में देश और दुनिया को सबसे अधिक प्रभावित करने वाली चीज है ऑनलाइन कारोबार यानी ई-कॉमर्स और उनमें भी स्टार्टअप! ग्लोबल लेवल पर भले ही इसे आये कुछ वक्त हो गया लेकिन भारत में तो यह पिछले एक दशक में ही उभरा है। पिछले दिनों तो प्रधानमंत्री नरेंद्र मोदी ने भी बैंकों […]
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NIELIT to train small traders in digital payments
National Institute of Electronics and Information Technology (NIELIT) launched a programme to train small and medium traders in various modes of digital payments. NIELIT, under the Ministry of IT and Electronics, would conduct the programme through five regional workshops, 30 state workshops and …