Bengaluru: Paytm will integrate its digital payments services with IndiaStack, an open-stack platform that offers technology infrastructure for the unified payment interface (UPI), esign, digital lockers and electronic customer verification. The Paytm app on December 8 added a new security layer …
Ease compliance burden for start-ups, MSMEs: Parliamentary Panel
New Delhi: To ease the compliance burden for small companies including start-ups and MSMEs, a Parliamentary panel has suggested compliance threshold in Companies Act should be based on business volume or turnover rather than form of the company. Rules framed under the Companies Act should be modi…
Textile industry hails package for made-ups, hopes to boost exports
Textile industry associations have hailed the Centre’s announcement of a special package for the made-ups sector. The package includes 10 per cent enhanced subsidy under Technology Upgradation Fund Scheme, extension of Pradhan Mantri Paridhan Rozgar Protsahan Yojana Scheme for providing additiona…
Pakistan lifts ‘undeclared’ ban on Indian cotton imports
Pakistan has lifted an “undeclared” ban on imports of ginned cotton from India, pledging to strictly implement all phytosanitary and other conditions governing the fibre’s imports on future shipments coming in via surface or sea. Earlier, the Department of Plant Protection (DPP)…
MSME expo in Coimbatore from Dec 14-16
The Coimbatore branch of MSME Development Institute in association with Coimbatore SIDCO Industrial Estate Manufacturers’ Welfare Association (COSIEMA) is organising a three-day MSME Expo 2016-cum-National Vendor Development Programme between December 14 and 16. The event is to be held at S…
Cabinet clears easier labour laws, tech upgradation for textiles sector
New Delhi: The Union Cabinet on December 7th approved a set of reforms, including simplified labour laws and technology upgradation for the made-ups sector. “The interventions are expected to boost employment in the textiles sector and create jobs for up to 11 lakh persons, lead to increase in ex…
Govt notifies ZED certification scheme, to help unregulated MSME sector
New Delhi: Government today notified the Zero Effect Zero Defect (ZED) certification scheme, which will hand-hold MSMEs across the country in Make in India sectors through quality control cells constituted by the government, and rate them after carrying out assessment of their products. The ZED c…
Bank NPAs rise, loans slow down in Sept quarter: RBI
While the share of non-performing assets (NPAs) in the banking system has risen in the September quarter, the formation of fresh bad loans has slowed down, Reserve Bank of India (RBI) Deputy Governor SS Mundra said on December 7th. “While there has been an incremental percentage of gross NPAs and…
Demonetisation Effect | Claims of business gains for digital payment firms may not be true
It has been a month since the government launched its war on cash, but it is unclear yet if the digital wallet providers have been able to piggyback because of disparate figures that have left the industry flummoxed. While online wallet companies including Paytm, MobiKwik and Free-Charge are decl…
Europe 29 trade potentials vastly under-explored: Gen. V K Singh
New Delhi: The true potentials of India-Europe 29 bilateral trade flows are vastly under-explored. Stating this in his keynote address in the inaugural session of the 2-day 3rd India – Europe 29 Business Forum being organised in New Delhi, Gen (Dr) V K Singh, Minister of State for External …