Ahead of the Goods and Services Tax (GST) implementation on July 1, small and medium traders have said they are not prepared in terms of infrastructure and the readiness of their supply chains for the new tax regime. “Traders are not prepared for it (GST). The biggest problem is that a large numb…
India-Portugal launch joint start-up hub in first ever Indian Prime Ministerial visit
Lisbon: India and Portugal on June 24 launched a joint international start-up hub soon after Prime Minister Narendra Modi expressed his amazement that there has been no bilateral Indian Prime Ministerial visit ever to this European nation that is home to around 70,000 people o…
Start-ups will no more entertain free pilot projects
As funding slows, early-stage start-ups are focusing on being lean and monetising their businesses quickly. Some are doing paid pilot projects — in cash flush times, they would have done such projects for free. While others, are creating services businesses that can bring in money immediately to …
GST rollout from July 1, but confusion still persists among auto & FMCG firms
With just days to go before India rings in a historic unified tax system, confusion reigns in many consumer-facing industries such as automobiles and packaged goods. While most agree that the unified goods and services tax (GST) would bring much-needed efficiency and long-term benefits, the rollo…
GST will hit small businesses & push Chinese imports: SJM
Days ahead of the launch of GST, the RSS’s economic wing SJM has said the new indirect tax regime will “badly hit small businesses and push Chinese imports“. As the date of implementation of GST is approaching, the heartbeats of small entrepreneurs and traders are increasing, Sw…
5 features of the Startup India Hub that you should know of
The Startup India Hub was launched on June, 19th by Nirmala Sitharaman, Commerce & Industry Minister. The Hub will act as a platform for all the stake holders of Startup India, including startups, investors, funds, mentors, academia, incubators, accelerators, corporates, Government bodie…
MSMEs gear up to embrace GST regime
Micro, Small and Medium Enterprises (MSMEs) are all geared up to embrace the new GST regime by making changes in their functional as well as technological strategy, but want government support for training and creating awareness. Those associated with the MSME sector feel that the “One Tax One Na…
Startup India Hub to engage with NY’s tech incubator Collaborizm to connect like-minded teammates
The Startup India campaign, launched by PM Narendra Modi, sought to encourage an entrepreneurial ecosystem in India. The hope is that this would boost not just our economy but the underlying, fundamental issue of employment as well. By promoting the spirit of entrepreneurship in India, we could c…
Travel tech start-up ExploreLifeTraveling gets seed funded
ExploreLifeTravelling is a US and Bengaluru – based travel tech start-up. The start-up announced on June 22 that it has raised seed funding from a clutch of angel investors. Mekin Maheshwari, former CPO at Flipkart, Bharat Vijay former CEO at Amazon and Yahoo, Krish Seshadri, former CEO at Facebo…
Ancillary units should expand business activities: Nirmala Sitharaman
Union Minister of State for Commerce and Industry Nirmala Sitharaman on June 23 called upon the ancillary units of BHEL to diversify and expand their business activities in various areas and supply products without remaining dependent on the strength of the public sector giant. Speaking…