Tax revenues of the government would go up with expanded tax net, and fiscal deficit would remain under control. Further, exports would emerge as more competitive in global markets, while FDI is likely to be encouraged,
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GST to double GDP growth in 8-9 years: Suresh Prabhu
Implementation of the goods and services tax (GST) will double the gross domestic product (GDP) in the next 8-9 years, Union Minister for Railways Suresh Prabhu has said. He said, “The GST aims at increasing the number of taxpayers. And, as the tax revenue rises, the GDP will also increase.…
Lessons Indian entrepreneurs can learn from Israel — the Start-up Nation
In their bestseller, Start-up Nation: The Story of Israel’s Economic Miracle, authors Dan Senor and Saul Singer raise and try to answer a question: How is it that Israel — a country of 7.1 million people, only sixty years old, surrounded by enemies, in a constant state of war since its foun…
2 years of Mudra: Gains for SMBs, but new businesses struggle amid fears of NPAs
While small businesses appear to be benefiting from the Mudra scheme, the absence of a transaction history acts as a major impediment for new borrowers
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K’taka in talks to provide last mile connectivity to village-level entrepreneurs: Priyank Kharge
Think Bangalore, think start-ups. The city has firmly established its Silicon-Valley-of-India image in the last couple of years. But Priyank Kharge, Karnataka’s IT Minister is far from done. After creating a proactive incubation, mentoring, and funding infrastructure for start-ups, the 39-year ol…
GST will contribute to India’s GDP growth with ease of doing biz: Moody’s
Implementation of the goods and services tax (GST) will be positive for India’s rating as it will lead to higher gross domestic product (GDP) growth and increased tax revenues, Moody’s Investors Service said. “Over the medium term, we expect that the GST will contribute to produ…
IIITH launches CIE v2.0 initiative to foster deeptech start-ups
IIIT-Hyderabad has launched its deeptech start-up initiative, CIE v2.0 – the next generation of its Center for Innovation and Entrepreneurship, that has been incubating start-ups since 2008. This incubator in its 9 years has enabled over 300 start-ups and by 2013 was the largest academic incubato…
Capsula.Studio & Pinnacle Industries team-up to establish start-up accelerator
Capsula.Studio at Tel Aviv University has entered in a strategic partnership with Pinnacle Industries, a commercial vehicles seating and interiors company, to establish a start-up accelerator – Pinnacle Capsula.Studio, in Pune. The partnership aims to accelerate innovative entrepreneurs to …
Nandan Nilekani & Sanjeev Aggarwal float $100m tech fund to back mid-stage start-ups
Infosys co-founder Nandan Nilekani and venture capitalist Sanjeev Aggarwal have launched a $100-million venture fund to back mid-stage start-ups that solve unique Indian problems in the consumer technology space. While Nilekani is looking to back companies that target India’s domestic economy, he…
Reliance Capital arm invests $1m in lending start-up Billionloans
Reliance Corporate Advisory Services, an arm of Reliance Capital, on July 3, said that it has made an investment of about Rs 7 crore ($1 million) in alternative digital lending start-up Billionloans Financial Services Pvt Ltd. This is the second major start-up investment, after Paytm, by Reliance…