The government has proposed subsidy up to Rs 1 lakh for micro and small enterprises to encourage them to use cloud computing for information and communications technology applications. In cloud computing, MSMEs use Internet to access common as well as tailor-made IT infrastructure, including soft…
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NMAMIT & NIT-K chosen as India’s first start-up district
NMAM Institute Of Technology, under Nitte University and NIT-K, Surathkal have been chosen as India’s first start-up district with incubators by Ministry of Commerce and Industry. Nirmala Sitharaman, Minister of State for Commerce and Industry, who took initiative of making Dakshina Kannada…
e-Commerce marketplace to lead India on global platform
The global B2B e-Commerce marketplace is constantly maturing and India is on its way to become an active participant in this change. In the recent years, the industry has dawn the growth potential which is likely to touch 45 lakh crore by the year 2020 in India. The B2B technology implementation …
If you’re a budding entrepreneur, here’s how GoI’s Startup India Learning Program can help you
With a view to encourage entrepreneurship in the country, the Government of India launched the Startup India Hub in 2016. The organisation that supports and provides resources for emerging business enterprises has come to the spotlight with the success of its newly-launched learning and developme…
BSE SME Exchange at the heart of the small scrip blockbuster: Ajay Thakur
“Manufacturing sector drives momentum; Maharashtra & Gujarat big traffic drivers” Blockbusters are not the sole preserve of Bollywood. Mumbai is home to another creative blockbuster in the making. Most importantly this blockbuster is taking shape on the might of the small scrip. Small and med…
SME IPO update : Manomay Tex India to soon list on BSE SME
Manomay Tex India Ltd (MTIL) will be listing soon on the BSE SME platform. The BSE SME IPO will open for subscription on March 15, 2017 and will close for subscription on Mar 20, 2017. MTIL is engaged in manufacturing and sale of denim fabrics with a national presence and exposure to internationa…
Textiles Minister launches spcl campaign to provide MUDRA loan to women handloom weavers
On the occasion of International Women’s Day, the Union Textiles Minister Smriti Zubin Irani has announced ‘Kamaladevi Chattopadhya National Awards’, a new category of awards specially for women handloom weavers and women handicraft artisans. Noting that only one woman has so far received the Sa…
How would start-up culture facilitate digital disruption in India?
India’s digital transformation is being emphatically driven by the government’s myriad initiatives to promote the startup culture. Resultantly, India is ranked among one of the top digitally mature economies with a vibrant ecosystem. Digital disruption in India The sense of urgency to embrace the…
Paying taxes: Why SMEs should comply with income tax provisions
India’s taxation structure provides for two types of taxes: Direct and Indirect taxes. Income Tax and Wealth Tax are Direct Taxes whereas Sales Tax, Service Tax and Excise Duties are Indirect Taxes. In Budget 2015, Wealth Tax has been abolished and at present Income Tax is the only Direct T…
No good start-up will starve to death: Sanjay Swami of Prime Venture Partners
Prime Venture Partners, formerly Angel Prime, is a venture capital fund that focuses on early-stage start-ups, and looks for companies that don’t just need capital but also mentoring. Prime has a number of investments in the fintech space, and it’s well-known for its highly-engaged ap…