Four biology start-up firms have signed up with the city-based Centre for Cellular and Molecular Biology (CCMB) to incubate their companies at Innovation Hub (iHUB). The CCMB, a research establishment of the Council of Scientific and Industrial Research (CSIR), in its efforts to engage with indus…
MSME sectors in Bengal hail PM’s sops
Kolkata: The real estate and MSME industries have hailed the sops announced by Narendra Modi on December 31. Representatives of the MSME industry bodies are, though, a little apprehensive about the implementation of the enhance credit guarantee limit in the ground level. The convener of core comm…
SME lenders laud govt’s move
The central government’s decision to increase the credit guarantee for small companies would help wean away the latter’s dependence on money lenders, says lenders to the segment. In the backdrop of currency demonetisation, Prime Minister Narendra Modi had over the weekend announced some help for …
At crossroads: MSMEs feel the demonetisation squeeze
While much attention has been focused on the manner in which demonetisation has inconvenienced the general public, the sudden invalidation of 86% of Indian cash may create a short-to-medium-term impact that is brutal for small businesses. The importance of Micro, Small, and Medium Enterprises (MS…
MSME initiatives need private sector support: Kalraj Mishra
The Micro, Medium and Small Enterprises sector has seen a flurry of initiatives launched by the Government of India over the last year. Union Minister for Micro, Small and Medium Enterprises Kalraj Mishra speaks on the success of these measures so far and his vision for the New Year. Q: What were…
Bank loans may increase for SMEs
Doubling the credit guarantee on loans taken by small and medium enterprises (SMEs) and enhancing their cash credit limits is expected to increase the banking sector fund flow to the SME sector. These steps announced by Prime Minister Narendra Modi on Saturday would also lower borrowing costs of …
Start-ups likely to get tax benefits in Union Budget 2017
New Delhi: Prime Minister Narendra Modi’s key Start-up India programme may get a boost in the upcoming budget with the industry department drawing up a list of tax concessions on employee stock options, unlisted securities and convertible instruments. The union budget is expected to be announced …
25k plus MSMEs register under Vibrant Gujarat Global Summit
With the countdown to Gujarat’s biennial mega global business summit begun, the state government on January 1st claimed that all of its over 1,500 stalls have been booked. Minister for revenue and education, Bhupendra Chudasama, claimed that the Vibrant Gujarat Global Summit (VGGS) will be …
Post-GST tax benefits: Solution a must, otherwise Make in India will die a premature death
Though GST has been postponed for now, state governments would do well to sit down with firms they have promised tax sops to, in order to invest in their states, and figure out how to honour these promises—indeed, since tax sops are one way of attracting investors, a solution for existing investo…
Govt expects job creation to improve under PMEGP: Kalraj Mishra
The government expects job creation under Prime Minister’s Employment Generation Programme (PMEGP) “to improve” in the coming days, notwithstanding the consistent decline witnessed in the number of jobs created under the scheme since 2012-13. According to provisional estimates, …