New Delhi: The Commerce Ministry fears that a higher than expected goods and services tax (GST) rate on gems and jewellery and textiles products may make such exports noncompetitive and exporters may have to be compensated. The two items are among six on which GST rates could not be finalized in …
Khadi for Fashion: KVIC & Aditya Birla Fashion join hands to promote hand-woven fabric
Adding a new strength to Khadi India’s fashion power-house, Aditya Birla Fashion and Retail Ltd. and Khadi and Village Industries Commission, Ministry of MSME, Government of India have announced a strategic collaboration to strengthen the synergies between the two iconic Indian brands. This initi…
Walmart India to help SME partners become GST-ready
As a new tax structure, Goods and Services Tax (GST), is about to be rolled out in the country, Walmart India has flagged off a series of workshops for SME supplier partners to help them evaluate their GST compliance levels and prepare for the transition. The move by Walmart is to minimise disrup…
Special package soon for knitwear industry, says Irani
The government will soon announce a special package for the knitwear industry, Textiles Minister Smriti Irani said on May 22. Incidentally, the employment-intensive and export-oriented knitwear industry is among the sectors hurt by demonetisation and rupee appreciation. Irani had recently visited…
Kerala Startup Mission plans angel fund of Rs 30 cr for state-specific start-ups
Thiruvananthapuram: Ahead of the release of the Kerala IT and Startup policy, which is expected to be finalized in two weeks, Kerala Start up Mission (KSUM) plans to create an angel fund for state-specific startups with a total corpus of Rs 30 crore. “The state IT and startup policy is expe…
After yoga, PM Narendra Modi now wants to make Khadi an international brand
Mumbai: The Khadi Village and Industries Commission (KVIC), an autonomous body under the Ministry of MSME, has sent legal notices to four Indian companies and institutions for using the word Khadi in their brands or as a trademark in an energetic push bid to reclaim the brand for the nation. Afte…
GST: e-Commerce sector to benefit from faster delivery & transparency
India is set to roll out the Goods and Services Tax (GST) from July 1, which is expected to pare the costs borne by logistics and e-Commerce start-ups face in India. The e-Commerce players that depend heavily on third-party logistics firms to transport goods to the customer’s doorstep have largel…
India has over 50 m SMBs, so why isn’t there an established player yet?
In India, the retail and e-Commerce industry may not be as established as it is in the west, but numerous tech-driven disruptors are taking steps to offer improved choices at lower prices and with more convenience to Indian online shoppers. India is a booming startup destination and is home to ma…
B2B’s time has come: Rajan Anandan, VP, Google India
Ace angel investor and Vice-President, Google India & South East Asia, Rajan Anandan talks about the challenges in the start-up environment in India. Edited excerpts: Q: Are investments hard to come by? A: Two things are going on. At very early stage the pace has not changed. Early stage inve…
2-day ‘Start-Up India Summit’ begins in Abu Dhabi
A two day “Start-Up India Summit” will begin in Abu Dhabi, UAE, on May 23. This is the first “Start-Up Summit” being held in the UAE by the Consul General of India (CGI) in Dubai and Embassy of India in Abu Dhabi in partnership with iSPIRIT, a nonprofit think tank and supp…