Government and the main opposition party should get the long-stalled Constitutional Amendment Bill on GST passed in the Rajya Sabha in first few days of the monsoon session of Parliament, industry body Assocham has said. “At this point, when macroeconomic risks like rebound in inflation and…
Mudra: Rs 1.8 lakh crore to be forked in FY17
Banks are expected to disburse Rs 1.80 lakh crore as loans under Micro Units Development and Refinance Agency (MUDRA) Bank Yojana during the current financial year, MUDRA Bank Chief Executive Jiji Mammen said on July 19. “We started our operations from April 2015. The total target for 2015-16 was…
Global hardware start-up accelerator eyeing India
HAX, the world’s largest hardware start-up accelerator, is scouting for investments in young firms in India, which have developed working prototypes in areas such as healthcare, consumer electronics, robotics and bionics. Benjamin Joffe, General Partner at the Shenzhen-based HAX said that he has …
Karnataka’s new startup policy to reimburse service tax
Janaki Shantharam, Founder of tech-enabled placement services firm Dexter Talent Labs in Bengaluru, is happy that Karnataka, under its startup policy, reimburses service tax paid by emerging companies. She paid service tax last year but has been trying to figure how to get it reimbursed from the …
Government to involve states to push startups
In order to give impetus to startups, the government will hold detailed discussions here with states and other stakeholders on July 23. The main aim of the day-long function is to share knowledge and best practices being followed by few states on promoting budding entrepreneurs, an official said.…
IIM Indore to introduce certificate course for MSMEs
The Indian Institute of Management (Indore) will be introducing a certificate programme for MSMEs and family-run businesses from the month of August or September. A bill has also been drafted by the government in connection with the IIMs to give degrees to their students which will be discussed i…
Paytm plans to invest in three-four start-ups in India
Paytm, mobile wallet and e-commerce marketplace, is expected to close three-four start-up funding deals this month as part of its investment programme from a corpus of $150-200 million fund which the company had started in 2015, Kiran Vasireddy, Senior Vice President at Paytm told. “Most of the s…
OYO partners with PayZapp to aid frictionless payment
India’s largest branded network of hotels OYO announced the integration of PayZapp, a complete payment solution by HDFC Bank, on its consumer app. This tie-up will enable customers to directly link their debit and credit card to PayZapp, and book an OYO by making the payment in just one cli…
FreeCharge’s Chat-n-Pay service records 1 million active users
Freecharge, India’s fastest growing digital payments platform has achieved another milestone in its journey towards a less-cash society. The company has registered one million active users for its Chat-n-Pay service in just two months of its launch. Chat-n-Pay service is an engaging and sec…
BANKEDGE launches 15th Training Centre at “Golden City – Amritsar”
BANKEDGE – an Academy for Banking and Finance Opens it’s 15th Training Centre at the GOLDEN CITY – AMRITSAR at Punjab. The Centre, officially opened on 17th July, will be a venue for various training programs for Banking and Financial Service Sector and events such as banking career workshops, se…