Government on 18 January approved a package for supporting the micro and small enterprises across the country, which entails augmenting the corpus of Credit Guarantee Trust Fund for such ventures and doubling the coverage of loans under the credit guarantee scheme. The post-facto approval was gra…
Budget 2017: Start-up bodies appeal for relaxations in tax policies
Prominent startup industry bodies including Indian Angel Network, NASSCOM, Indian Venture Capital Association, TiE and Mumbai Angels have jointly appealed to the government to review taxation policies that adversely impact the startup ecosystem. “Startups have been facing practical difficul…
GST: एक तीर से कई शिकार करेगी सरकार
अब यह आधिकारिक हो गया है कि जीएसटी (वस्तु और सेवा कर) अब 1 जुलाई 2017 से लागू हो जायेगा. जीएसटी में करदाताओं पर प्रशासनिक अधिकार के मुद्दे पर 16 जनवरी को जीएसटी काउंसिल की बैठक में सहमति बन गई है. इस फैसले से वित्त मंत्री ने बड़ी होशियारी से एक तीर से कई शिकार […]
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Govt approves India-UAE MoU for SMEs co-operation
Government on 18 January approved signing of a Memorandum of Understanding (MoU) between India and the United Arab Emirates for cooperation in the field of small and medium enterprises (SMEs) and innovation. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narend…
Union Textiles Minister Smriti Irani inaugurates IIGF 2017
The Union Textiles Minister Smriti Zubin Irani said that with 312 participants from 14 states coming together, India International Garment Fair is one of the largest platforms in Asia showcasing apparel & accessories. She said that with the presence of 246 registered buying houses, IIGF will …
SME Capital market: Progress in 2016 & Outlook for 2017
The year 2016 has been proved out to be a spectacular period for SME Capital Market. Indian SME Bourses witnessed remarkable activities in terms of filling of draft offer documents as well as number of listings. The year has witnessed several developments in this format of alternative capital mar…
NetApp launches start-up accelerator programme in Bengaluru
Bengaluru: Storage and data management company NetApp inaugurated an independent campus in Whitefield in Bengaluru, set up with an investment of Rs 1,000 crore. NetApp, a $5.55 billion company, has also launched a startup accelerator programme called Escape Velocity in Bengaluru. This will nurtur…
Parking solutions app PParkE raises seed round
Bangalore-based Pristech Technologies Pvt Ltd, which runs parking solutions app PParkE, has raised an undisclosed amount in seed funding from Singapore-based early-stage investment firm SB Ventures, one of its co-founders told. Shampa Ganguly, Co-Founder and CEO, PParkE, said, “We have been using…
Shakti Women Entrepreneurs Meet to enable women in business for growth & success
With an aim to nurture the spirit of entrepreneurship among women and to provide a platform for networking and mentorship, the ‘Shakti Women Entrepreneurs Meet’ is being organised by the India SME Forum in association with SBI and AP Chambers of Commerce and Industry Federation on January 20 at H…
South Indian Bank to enhance its retail & SME business
South Indian Bank, which provides retail, corporate and para banking services, has posted its investor presentation on January 18, 2017. Going forward, the company intends to continue focusing on its retail and SME business through centralised marketing and processing centres; penetration into ex…