The Insolvency and Bankruptcy Board plans to fast-track the resolution process for “smaller cases”, including for startups, and complete them within 90 days. The Board has been set up under the Insolvency and Bankruptcy Code, which came into force from December 1, 2016. While a final …
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Only a ministry for pharma can save SMEs in this sector: IDMA President
While supporting the Union government for its programs like ‘Make in India’, and assuring that there will not be any compromise on quality aspects, the newly elected national president of the Indian Drugs Manufacturers’ Association (IDMA) said that nothing less than a Ministry for Pharmaceuticals…
KVIC gives big boost to PM’s ‘Digital India’ dream
Mobile and broadband connectivity has the power to change the lives of poor and backward communities, and give them a brighter future. This can be seen from the initiative taken by Khadi and Village Industries Commission — one of the biggest job providers in the country — in bringing to life PM N…
Maharashtra chalks out special industrial policy for women entrepreneurs
Three incubation centres, 10 industrial clusters, Rs 50 crore venture capital fund, 15-30 per cent capital subsidy, lower power tariff, special skill training centres and branding-marketing support. These are all part of the Fadnavis government’s latest proposal to support and attract women…
Skill development panel report to be made public
The Centre is set to make public the findings of the report made by Sharda Prasad committee, which was formed by the government to re-evaluate the National Skill Development Mission. The committee has reportedly advised the skill development ministry to not only drastically reduce the number of s…
First call soon for Indian version of ‘Shark Tank’
New Delhi: It is time for start-ups scouting for investors to tighten their seat-belts. The first call for applications for participation in the great Indian reality show designed specially for them could happen as early as next month. “A decision has been taken on allowing at least 50 start-ups …
Technical textiles use in govt projects gets push
Technical textiles or functional textiles, considered a sunrise sector in the country, is all set for demand taking off for products such as geo and agro textiles. “Technical textiles is a thrust area for the Government because of the value addition involved,” said Textile Commissioner Kavita Gup…
India’s fintech sector rises to 72 start-ups in last 3 years
Fintech start-ups in the country has seen a large growth in recent times in India. At a time when the government has been aggressively pushing for digital payments and bringing into a formal ID system, increased funding and tax reliefs have pushed such start-ups. There are currently 72 start-ups …
Sitharaman invites Japanese investors to India
Acknowledging the contribution being made by Japanese companies in India, Commerce Minister Nirmala Sitharaman on April 14 urged them to avail of the opportunities on offer as India shapes to increae the share of manufacturing in its GDP to 25 per cent in the coming years. “India wants to i…
GST not just a tax reform, it will drive efficiency: Martin Lundstedt, President & CEO, Volvo Group
Martin Lundstedt, President & CEO of the Volvo Group, was recently in Bengaluru with his senior board members. Volvo is in India for the past 20 years, and Lundstedt said the company is “gradually increasing” its presence. In an interview, Lundstedt said the next big thing in India is …