Start-ups that qualify under the Startup India plan will now get an added boost from the central government as the Union Cabinet approves the Commerce Ministry’s proposal of Alternative Investment Funds (AIFs) funding at least twice the amount as that of the Fund of Funds for Start-ups (FFS) – wh…
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GST: Rising cost of compliance to hurt SMEs the most
Drawing a stark comparison between incomes and expenditure of Indian citizens, Finance Minister Arun Jaitley in the Union budget speech implied that tax evasion is a serious problem in the county. He said, “The number of people showing income more than Rs 50 lakh in the entire country is only 1.7…
Lace-up! A whopping Rs 4k cr package coming leather & footwear industry’s way
The Department of Industrial Policy and Promotion (DIPP) has sought a package of Rs 4,000 crore from the Finance Ministry to support the leather and footwear industry, which may turn out to be a game-changer for the sector. “We have floated a revised policy. ILDP (Indian Leather Development…
Cabinet approves National Steel Policy 2017
The new Steel Policy enshrines the long term vision of the Government to give impetus to the steel sector. It seeks to enhance domestic steel consumption and ensure high quality steel production and create a technologically advanced and globally competitive steel industry. Key features of the NSP…
Expect more liberalised FDI policy: Nirmala Sitharaman
India is aspiring for greater global integration of its industries at a time when countries are becoming more protectionist. Commerce and Industry Minister Nirmala Sitharaman says the country will move ahead with more liberalised FDI policy after forming a political consensus. In an interview, Si…
UN Technology Innovation Lab to be set up in Kerala; Start-ups to be aligned
Thiruvananthapuram: The Kerala Government and UN’s Office of Information and Communication Technology will join hands to set up the country’s first UN Technology Innovation Lab here, it was announced on May 3. The Kerala Startup Mission will be spearheading this initiative on behalf of Kerala gov…
PayPal launches digital payments toolkit for small merchants
Global payments company PayPal has launched a product for small merchants and businesses called Business in a Box which will allow them to set up online stores, accept payments, manage finances with accounting tools, and apply for working capital. This latest product is in line with PayPal saying…
Gurgaon may shine with big names, but Delhi homes more start-ups
The total number of start-ups in the NCR is 4,218 but guess what, Gurgaon is not topping this list. While Noida contributes to 20 per cent of the total number, with 784 start-ups, Delhi still has the lead with 45 per cent — concentrated mostly in South and Central Delhi. Nationally, Gurgaon comes…
Our special area of focus is traditionally underserved micro-entrepreneurs: Capital Float
In a long chat with Rohan Angrish, CTO, Capital Float, here is an understanding of how their online platform reduces the hassles associated with processing working capital requirements for SMEs in India. Edited excerpts: Q: Please tell us about your organization and how it plans to address financ…
Innoven Capital provides young teams & start-ups with mentoring & investing opportunities
InnoVen Capital started out as SVB India Finance in 2008. The objective was to build a venture debt business which would offer venture capital firms and their portfolio companies the ability to access alternative forms of capital. They were excited to see the growing vibrant entrepreneurial envir…