Nearly 65 per cent of startup executives and founders believe that the Indian startups are in a technology bubble, while 18 per cent feel that the bubble was close to bursting soon, a study by venture debt and specialty lending business, InnoVen Capital, said. The India Startup Outlook Report 201…
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Govt allocates Rs 340 cr for Khadi Plazas & MMDA scheme
New Delhi: Aiming at a 20 per cent increase in production and sales of Khadi products over the next three years, government has allocated Rs 340 crore towards setting up of Khadi plazas and Modified Market Development Assistance scheme in the Budget. The provision made in the Output Outcome frame…
Make in India 2.0: An upgraded version of ‘Make in India’ will be announced soon
Make in India 2.0, an upgraded version of the government’s initiative ‘Make in India’, will be announced in a couple of months, with emphasis on sectors in which the country has a competitive edge. “We are planning to have a revamped version of ‘Make in India 2.0’, which will be focussed on the s…
Indian-American portal to host start-up conference in Mumbai
An Indian-American community and business portal on February 13 said it will host a conference for startup entrepreneurs in Mumbai with the objective of helping them find investors from the US to fund their ventures. “American investors continue to be intrigued by the energy, the resourcefu…
Govt to make all ration shops Aadhaar-enabled by June
New Delhi: Government is planning to make all ration shops under the public distribution system in the country Aadhaar-enabled by June 30 this year, IT Minister Ravi Shankar Prasad has said. “We will make all 5.58 lakh ration shops Aadhar-enabled by June 30. We are in discussion with Food a…
Govt working on increasing exports to China
The government is working towards increasing exports to China to balance a wide trade deficit and formulate a sustainable trade relationship between the two nations, Economic Affairs Secretary Shaktikanta Das said on February13. “Our Commerce and Trade Department is working with China to in…
Aerospace & Defence: How MSMEs can build a sustainable business
A multi-billion dollar sector, the Indian Aerospace and Defence (A&D) sector is a focus market for many global A&D companies. The Indian market is also attractive for domestic industrial product conglomerates aspiring to achieve non-linear growth via positions across the A&D value cha…
TReDS can boost MSMEs’ liquidity, with some tweaks
The Trade Receivables Discounting System (TReDS) proposed by the RBI is expected to provide much-needed liquidity to Micro, Small and Medium Enterprises (MSMEs). Lack of adequate working capital has been a major issue for MSMEs. Institutional lenders are typically obsessed with immovable collater…
SBI General Insurance eyes stronger growth in SME, home & health biz
SBI General Insurance, which is expected to swing into the black for the first time this fiscal, plans to give a bigger thrust to SME, health and home businesses in the near term as the three segments promise growth and profitability. The non-life subsidiary of State Bank of India feels that alon…
Small Finance Banks giving competition to old private sector banks, NBFCs
The last year was eventful for the financial services industry; 2017 is expected to surpass that. Over the years we have seen new sectors gaining prominence, be it microfinance, gold finance or small finance banks. Insurance, and in particular general insurance, is the new sector in focus. Over t…