If the Devendra Fadnavis-led government delivers on its vision and promise, a new Pune could rise on the banks of the Mula Mutha river in the coming five years. A generation next city and start-up capital of India that is serviced by smart solutions and transport networks. From developing the new…
ONGC facilitates start-ups under government’s flagship programme
ONGC launched the ONGC Start-Up Fund on 14th August 2016. ONGC, SINE and IIT Bombay entered into a MoU to work together for incubating innovative ideas and business start-ups in the energy sector at the Society for Innovation and Entrepreneurship (SINE) of IIT Bombay. The Pitching Session to sele…
ShopClues rolls out GST compliance services for over 6 lakh MSME merchants
ShopClues is introducing several merchant initiatives and workshops nationwide to have a smooth transition to the Goods and Services Tax (GST) framework. The online aggregator plans to pan over five lakh plus merchants under the new tax regime as it is required to file returns under GST, which wi…
Resurgent requests govt to relax NPA recognition norms for MSMEs
Financial advisory services provider Resurgent India, has requested the government to extend non-performing asset (NPA) recognition norms for MSMEs to 180 days from the current three months period as they have been facing difficult time. The micro, small and medium enterprises (MSMEs) have had …
Leniency in GST laws for genuine mistakes initially: Hasmukh Adhia
With the countdown to GST rollout underway, government has promised leniency in enforcing penal laws for violations during the initial period of implementation of the new national sales tax regime. Revenue Secretary Hashmukh Adhia said a distinction would be made between genuine mistakes in …
MP sets aside Rs 100 cr veture fund ‘MPVFL’ to nurture start-ups & SMEs
The Madhya Pradesh Government has rolled out a new venture fund Madhya Pradesh Venture Finance Limited (MPVFL). The venture fund has been established under the Madhya Pradesh MSME Fund Trust, with an aim to create an SME Innovation Fund. The SME Innovation Fund is the first fund raised under this…
Social networking platform VoxWeb raises $1 m from undisclosed investors
Mumbai-based VoxWeb, a mobile-first, social networking platform has raised $1 m from undisclosed individual investors. The start-up will use the funding to strengthen back-end technologies and to add new front-end features. It will also invest in scaling marketing efforts to increase its use…
Good news @ NE MSMEs: Assam comes up with Bamboo Technology Park
Assam has come up with a Bamboo Technology Park with an investment is Rs 62.28 crore in Chaygaon in Industrial Growth Centre in the vicinity of Guwahati. Assam Chief Minister inaugurated the park on June 22. The CM said that North East Region accounts for 66 per cent of India’s bamboo. …
Less noise, more action: What Indian start-ups really want from govt
After three years of PM Narendra Modi’s government in power, there have been a series of media report cards on what went right or wrong. There has been extreme criticism and some praise as well. In terms of what it has done for start-ups, it is a mixed bag. When I spoke to entrepreneurs bef…
Will recommend review of GST, Nirmala Sitharaman assures industries
Union Minister, Nirmala Sitharaman, has assured trade and industry that their grievances on GST would be taken up with the government and she would personally recommend having a review three months after its implementation. Responding to queries about fixing the slab for different trades and…