The only way to remove inequality is by bringing more opportunities for women, department of industrial policy and promotion (DIPP) Secretary Amitabh Kant said, as the government gears up to unveil India’s first ‘Start-up’ initiative on January 16, In a Twitter chat on the subject of women entrep…
PSU Banks asked to focus on niche areas, infra sharing
The Ministry of Finance (MoF) is keen that public sector banks should carve out a niche in some specific banking sectors and also share the infrastructure. “Have the banks started carving out a niche for them in some specific banking sector such as retail, SME, project finance and geographies so …
Maharashtra bats for Skill Development
Maharashtra Industries Minister Subhash Desai called upon education institutions giving engineering training to focus on skill development. “Today’s employers want to employ persons who will be of utility to their industry. They won’t take anybody in simply because they have a d…
MUDRA Loans: Banks, Microfinance take Lion’s share
On January 7, the Government announced: “MUDRA (Micro Units Development Refinance Agency) loans amounting to Rs 71,312 crore have been disbursed to 1.73 crore borrowers as on 1st January, 2016.” A closer look at these numbers reveals the government refinanced loans of only Rs 2,000 crore under th…
West Bengal unveils new start-up policy
To provide an enabling ecosystem to support and nurture startups in the state, the West Bengal Government launched the state startup policy at the Bengal Global Business Summit. The policy, a document with eight broad pointers comes complete with a preamble, a vision, the state’s mission, t…
Government should give 1-3 years of tax holiday under start-up plan
Government should provide 1-3 years of tax and compliance holiday for startups under its ambitious ‘Start Up India’ initiative, young entrepreneurs said. Prime Minister Narendra Modi will launch the programme on January 16 to benefit technology-centric startups in sectors like healthc…
TATA teleservices betting on custom software to boost enterprise revenue
Tata Teleservices (TTSL) is eyeing software products developed for specialised medium and small businesses to further boost its revenues from enterprises segment. “The enterprise segment contributes 30% to TTSL’s total revenues … and in the past 24 months the company has changed its strateg…
MSME sector in Tamil Nadu sore over delay in flood relief measures
Industry associations representing micro, small and medium enterprises from the flood-hit areas in Tamil Nadu lamented the continued delay in disbursement of financial support from the government, banks and insurance companies. At an interactive session organised by the Southern India Chamber of …
Invest in Andhra Pradesh, Jaitley tells entrepreneurs
Finance Minister Arun Jaitley on January 10 made a strong pitch for Andhra Pradesh as an investment destination, saying that its leaders were completely focused on development and that the state had plenty of resources. He was speaking at the inauguration of the three-day Partnership Summit joint…
Government approved Stand Up plan for SC, ST and women entrepreneurs
In a bid to create jobs and promote entrepreneurship, the government had approved Rs 8,000- crore fund that will stand guarantee for loans to new ventures and also announced ‘Stand up India’ scheme for credit facilities to SC, ST and women entrepreneurs at lower rates. While Rs 3,000 …