In a significant move, the Centre and the Reserve Bank of India now have a solution for a pain point that factories and export houses are facing post-demonetisation. These entities can now digitally disburse money to unbanked contract workers via pre-paid cards. The Reserve Bank has expanded the …
‘BHIM: Bharat Interface for Money’, a realtime cashless transaction scheme launched at DigiDhan Mela
As the 50-day window to deposit old 500 and 1000-rupee notes draws to a close on Dec 30, Prime Minister Narendra Modi launched ‘BHIM: Bharat Interface for Money’, a realtime cashless transaction scheme at the DigiDhan Mela on December 30. “This new mobile payment app ‘BHIM: Bharat Interface…
Banks told by RBI to raise working capital limit for MSMEs
In a relief to small and medium enterprises hit by the cash crunch in the market and the consequent slowdown in the business, Reserve Bank on December 29 said banks may provide ‘additional working capital limit’ to Micro, Small and Medium Enterprises (MSME) borrowers. This would be a one-time mea…
A German model for our MSMEs?
Job-creating growth is likely to be a priority of the Modi government — especially in the context of the contraction expected in the wake of demonetisation — when it presents the Budget on February 1. The Budget presents a unique opportunity for redefining our entire approach towards medium, smal…
Businesses can soon cash in on Aadhaar-enabled payments: Ravi Shankar Prasad
After unveiling a slew of ‘incentives’ for digital payment, the government may roll out certain ‘disincentives’ for cash payments as well in the coming year, said Law and IT Minister Ravi Shankar Prasad in an interview, Prasad spoke about measures that the government is taking to push cashless tr…
Sebi allows Cotton Association of India to exit bourse business
Markets regulator Sebi allowed Cotton Association of India (CAI) to exit the bourse business by withdrawing its recognition. The Securities and Exchange Board of India (Sebi), in February this year, informed the CAI that since there was no trading operation on its platform for more than 1…
Planning a New Year party? These start-ups will help you out
New Year is around the corner and to add more cheers this time it’s falling on a weekend. While most of the people love to go out for a party, many love the idea of planning a house party as it’s more comfortable and pocket-friendly too. Given today’s fast moving life and busy schedules, people […
FICCI launches initiative aimed at travel start-ups
As part of its mandate to enhance India’s digital drive in the travel and tourism industry, the Federation of Indian Chambers of Commerce and Industry (FICCI) has launched its maiden initiative aimed at travel start-ups. ‘Travel Tech Launchpad’ will be a platform that encourages innovation and gr…
Looking for non-toxic products for your child? MamaEarth is here
When 26-year old Ghazal was to deliver her first child, she realised there was no cure for her morning sickness, except for popping up pills – certainly not a very healthy option. Even after the delivery of her child, she and her husband saw that the market was full of FMCG products having toxic …
Centre to help Haryana in developing silk weaving units: Smriti Irani
Haryana: The Central government would assist Haryana in developing silk weaving units in Panipat, Ambala, Sirsa and Panchkula, Union Textile Minister Smriti Zubin Irani said. She, along with Chief Minister Manohar Lal Khattar, laid the foundation stone of the National Institute of Fashion Technol…