Several Chinese investment funds and mobile tech companies are betting big on early-stage Indian mobile startups. Some 15 of them are currently on a trip to India, organized by China-based venture capital management organization OnionFans, with the objective of identifying opportunities for inves…
Kalaari seed programme backs three companies
Kstart, a seed-stage programme launched by venture fund Kalaari Capital in February 2016, has invested in three startups in its first batch. Affordplan, a fintech platform aimed at affordable healthcare; Indee, a secure platform for web video streaming; and Active.ai, an AI engagement firm for fi…
EXIM Analytics will enable SMEs to foray into global trade: Nirmala Sitharaman
Minister of State for Commerce & Industry (I/C) Nirmala Sitharaman has launched a dashboard on EXIM Analytics to provide easy access to the public on export and import trends of India. The portal is developed by the Directorate General of Commercial Intelligence and Statistics. This is to fac…
RBI organizes program on MSME in Leh
Reserve Bank of India organized a town hall programme on MSME at Leh and an outreach activity at village Basgo, Leh. The programme was attended by Governor, Reserve Bank of India Raghuram Rajan. Regional Director for Jammu and Kashmir, Reserve Bank of India while extending a warm welcome to the…
Engineering exporters seek early release of incentives in West Bengal
Engineering exporters have made a strong plea to the West Bengal government for release of “considerable amount of money” blocked with state due to VAT related issues. The issue was raised at a meeting of the engineering exporters’ apex body, EEPC India, presided over by state M…
MUDRA Yojna sluggish, bigger role for MFIs needed: Parliamentary panel
Concerned over sluggish refinancing under the MUDRA Yojna for tiny enterprises, a parliamentary panel has suggested a bigger role for micro-finance institutions (MFIs) while capping their interest rates at “reasonable rates”. As per the report by the Parliamentary Standing Committee p…
NSE to launch platform for financing SMEs against bills
The National Stock Exchange (NSE) is planning to launch a new trading platform for bill discounting or trade receivables of micro, small and medium enterprises (MSME). The country’s largest exchange has forged a joint venture with the Small Industries Development Bank of India (Sidbi) for the new…
Leading Indian plastic manufacturers to participate in Expo Plast in Peru
NEW DELHI, May 3, 2016: 48 leading plastic manufacturers from India across sectors, including products, raw materials, equipment and accessories and auxiliary teams and peripheral companies will participate in the “India Pavilion” of the 7th EXPO PLAST which is starting today in the Peruvian cap…
Trade Facilitation Agreement envisages faster clearances & transparency in trade process | Nirmala Sitharaman
The MoS for Commerce & Industry, Nirmala Sitharaman said that Trade Facilitation Agreement (TFA) envisages faster clearances and reduction of red tapism at the borders and would thereby help in the ease of doing business. She said that ratification of the TFA is bound to change the Indian tra…
Government introduces a comprehensive Insolvency and Bankruptcy Bill in the Parliament
The Ministry of Micro, Small and Medium Enterprises (MSME) has been providing subsidy under Credit Linked Capital Subsidy Scheme (CLCSS) and margin money subsidy through Prime Minister’s Employment Generation Programme (PMEGP). Provision of subsidy effectively lowers the cost of borrowing for Mic…