Small traders and businesses with a turnover of up to Rs 2 crore will pay less tax if they accept payments through banking and digital means, Finance Minister Arun Jaitley said on December 19. He said in the budget for 2016-17 that small traders and businessmen with turnover of up to Rs 2 crore w…
Pan-IIT Alumni India to set up Rs 1k cr fund for start-up ecosystem
Pan-IIT Alumni India, the alumni body of the Indian Institutes of Technology, is working on setting up a Rs.1,000 crore venture capital fund to focus on social impact enterprises and the startup ecosystem. This will be the first such VC fund by the association. The group will raise the fund throu…
Prime Minister unveils first ever ‘Indian Institute of Skills’ at Kanpur
In line with the vision of making India the Skill Capital of the World by empowering its youth to be more employable and self-sustainable, the Prime Minister today laid the foundation stone of the first ever “Indian Institute of Skills” in the country at Kanpur. The Institute has been conceptual…
Demonetisation: UP MSMEs bracing up for ‘less-cash’ biz environment
In the backdrop of demonetisation and its after effects still playing out for different sectors — the Micro, Small and Medium Enterprises (MSME) — in Uttar Pradesh are now bracing for a less-cash’ and more ‘digital’ business environment being talked about by the Narendra Modi g…
Capital Float aims to deep dive into the $500 bn SME lending market
Gaurav Hinduja and Sashank Rishyasringa hardly came from the domain they were trying to revolutionise – online lending. “But we were both excited to come back to India to start a business which did three things – had an impact on the environment for entrepreneurs within the country, leveraged tec…
Dr Jitendra Singh discusses Northeast tourism, trade promotion with top Industry leaders
The Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh held a meeting at Mumbai with some of the top Industry leaders to discuss ways and means of promoting tour…
Booming Indian start-up industry fails to fill policy void
More than 120 startups have been created by former employees of online shopping portal Flipkart and 36 by ex-employees of its subsidiary Myntra, according to the Tracxn database. The Flipkart economy of 156 startups is a microcosm of the local ecommerce ecosystem that has bloomed in less than 10 …
AEPC Export Awards for excellence in apparel sector presented by Smriti Irani
The Union Textiles Minister, Smriti Zubin Irani presented the AEPC Export Awards, 2015-2016. The awards were presented in twenty two categories. Speaking on the occasion the Union Minister of Textile, Smriti Zubin Irani, said that we will do our utmost within our constitutional framework to stren…
Online jewellery store VivoCarat.com raises $50K in seed funding
Online jewellery marketplace VivoCarat.com has raised $50,000 in seed funding from a group of individual investors. The company aims to utilise these funds for product development, team building, and marketing. Started in 2016 by Rietsh Oza and Abhijith Shetty, the company offers a range of new-a…
Bengaluru-based start-up Lithium Urban Technology paves way for EV revolution in cab’s market
“Tomorrow’s transportation, today” sounds like an audacious claim coming from any cab company in India, let alone a start-up. But here’s why Lithium Urban Technologies could be excused for using that as its tagline: India got its first electric vehicle in 2001, and 14 years later, Lithium gave th…