Nearly 40% of India’s economy is driven by small- and medium-sized enterprises that largely run on cash transactions. Economists said the move could impact these businesses, and in turn have a knock-on effect on economic growth. There was concern among members of the public about changing l…
India needs to look for new export markets: Sitharaman
Commerce and Industry Minister Nirmala Sitharaman on November 8 said that to boost exports, India needs to look for newer markets like Africa or Latin America for which ECGC, the government company which ensures sustained flow of exports, will have to support the exporters. “We have to look…
Support SMEs to boost India’s exports: President Pranab Mukherjee
President Pranab Mukherjee on November 8 said the Centre needs to ensure that India’s exporters, particularly those in the Small and Medium Enterprises (SME) segment, are adequately supported through appropriate policy interventions to help them tide over the present downturn. India’s exports had…
Currency Ban Impact | PM’s move likely to boost e-commerce
All top e-commerce companies including Snapdeal and Jabong worked overnight conceptualising upon multiple offers to ensure that customers chose pre-paid options over cash on delivery for new orders placed, as they were forced to stop accepting Rs 500 – Rs 1000 notes, starting November 9. In…
Moms turn enterpreneurs, Start traditional, organic snack start-up
Healthy children’s food in India never really had a chance to be perceived as cool – in part due to packaging that failed to appeal to kids, unlike cheap and unhealthy fast food brands. That perception needed to change, and that’s what two young mothers – one a former public health consultant, th…
GST portal goes live, software almost ready: GSTN Chairman Navin Kumar
A new and simpler portal for the incoming Goods and Services Tax regime went live that will enable easy filing of returns and tax payments through credit/debit cards and other modes. As much as 60 per cent of the software needed to run GST is ready and GSTN – the company building the gigantic inf…
Creating a skilled workforce
Prime Minister Modi shares the dreams and aspirations of a billion plus people of the country “to make India a global economic leader”. To make this dream a reality, Make in India, Digital India, Smart Cities, Startup India and Swachh Bharat programmes, among others, have been launche…
Seminar to boost women start-ups in Gujarat
Ahead of the forthcoming Vibrant Gujarat Global Summit 2017, the state government is organizing a seminar ‘An Ode to Women Entrepreneurship‘ in the city on November 10. The seminar to be held in Sayaji Nagar Gruh in Akota aims to support and encourage start-ups by women. Deputy Chief …
Angels rush in as logistics sector is set to touch $10 bn
Venture capital firms scanning Indian markets for the next big investment opportunity after consumer internet would do well to have their eyes trained on technology-driven logistics startups. The market for logistics-technology businesses, which include delivery startups, truck aggregators and wa…
CII launches ‘Startup Mentorship Circle’ to build bridges for start-ups
Industry body Confederation of Indian Industry (CII) has taken a leaf out of corporates’ books and is backing startups by setting up its own platform. The ‘Start-up Mentorship Circle’ will provide a common platform for captains of India Inc and startup entrepreneurs to share the…