CRISIL’s analysis of 1,600 Micro and Small Enterprises (MSEs) which sought re-rating for four consecutive years or more shows 35 per cent of them saw at least one rating upgrade. An equal number saw no change in rating, while 14 per cent were downgraded. The rest experienced multi-directional rat…
Retrospect 2016 | Key initiatives by the MSME Ministry to enable & empower MSME sector
Here are some initiatives taken by the Ministry of Micro, Small and Medium Enterprises during 2016 to boost the MSME space in the country. PM ANNOUNCES SCHEMES AT NATIONAL MSME AWARDS IN LUDHIANA: It was for the first time that Prime Minister launched new Schemes of the Ministry at a function at…
Budget 2017 may spring sweet surprises for start-ups
Prime Minister Narendra Modi’s flagship project, Startup India, might get a push in upcoming Union Budget. According to some media reports, to guarantee the success of the key program, the Department of Industrial Policy and Promotion (DIPP) is designing a new set of tax concessions on empl…
Helpline for weavers ‘Bunkar Mitra’ starts functioning
“BunkarMitra”, the Government of India’s Helpline for Handloom Weavers, went live on December 4. The helpline was launched by the Union Textiles Minister Smriti Irani on December 25, 2016 on the occasion of “Good Governance Day”. Interacting with an official of the c…
Ease of doing biz: DIPP plans to appoint consulting agency
The Commerce Ministry is planning to appoint a consulting agency for assistance in improving India’s business climate and bettering its ranking in World Bank’s ease of doing business index. The Department of Industrial Policy and Promotion (DIPP), under the Ministry, said the governme…
Ratan Tata’s start-up bets
Ratan Tata invested in as many as 29 startups in the past two years through March 2016. He took minority stakes in 22 companies in fiscal 2016, three times more than the previous year when he chose seven to bet on, according to Tracxn Technologies, a data analytics company. Eight of the prominent…
Jaitley hopes to resolve dual control issue in next GST Council meet
Admitting that the Goods and Services Tax (GST) Council was racing against time on the government’s implementation target of April 1, Finance Minister Arun Jaitley on January 4 said it is hoping to resolve the vexed issues of Integrated GST (iGST) and dual control over assesses in its next …
Dedicated verticals come up to service start-ups
Over the last two years, Sameer Desai, Founder of Seagull Advertising and a 20-year veteran of the advertising business noticed a sharp rise in the number of startups coming to him for branding and marketing advice. “Initially, I worked with them through the ad agency but soon realised that…
Start-ups bring fans closer to sport idols
Chennai: What could be more precious for a boxing fan than boxing legend Muhammad Ali’s gloves? For a die hard Virat Kohli fan, one could get a peek into his wardrobe and mimic his style. From giving fans a chance to grab Schumacher’s Ferrari jacket to helping them connect with fellow…
VC fund 500 Startups puts India on hold citing tax issues
Bengaluru: Silicon Valley-based venture capital fund and accelerator 500 Startups has put on hold its plans to raise a $25 million India-focused fund, Kulfi, citing taxation and regulatory reasons. Run by Dave Mcclure, one of the most prolific seed investors in Silicon Valley, 500 Startups has re…