LimeRoad, the fashion commerce platform said they have signed MoU with Madhya Pradesh Laghu Udyog Nigam to retail handloom and handicraft range of products on its platform. The e-commerce platform has already started selling handicrafts and apparel range from the Nigam, the company said in a stat…
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PM, Jaitley to meet Niti Aayog officials, experts to discuss Budget
Prime Minister Narendra Modi and Finance Minister Arun Jaitley will get views on the Budget for 2017-18, job creation through skill development and other issues at a meeting with experts on December 27. There will be 13 people —from the NITI Aayog, economists and others with expertise — who will …
Bengal to set up ‘Biswa Bangla’ Mall to promote MSMEs
In a bid to promote the state’s Micro Small and Medium Enterprises (MSME) and highlight the work of handloom weavers and craftsmen, the West Bengal government has decided to construct a shopping mall in Kolkata. “The Bengal government has decided to construct a Biswa Bangla Mall on EM Bypass,” so…
Budget 2017: Arun Jaitley says India needs globally compatible tax rates
Ahead of the Union Budget, Finance Minister Arun Jaitley has pitched for a lower level of taxation that is globally compatible. This, according to him, is necessary if the country has to have a broader base of economy. He said gone are the days of the philosophy that high taxation will bring grea…
Rachnathmak India: Spreading protection net for innovative tomorrow
For Small and Medium Enterprises (SME) and startups, Intellectual Property (IP) or intangible assets often make up more than 70 per cent of the value of the company. And that is not limited to patents. IP includes the big four types of IP: patents, copyrights, trademarks, and trade secrets plus o…
PM talks-ups Start-up India, but why is taxman putting spanner in the works?
Given the Prime Minister’s emphasis on Startup India, it is particularly odd to see the taxman levying a tax on the premium they get on their valuation from investors. Start-ups are a bet on the future and investors pay a premium for this—that premium, then, is invested in the business which, if …
Big setback for start-ups in India, investment plunge 44% in 2016: Study
Investments in start-ups declined significantly in volume (28%) and value (44%) in calender 2016. The deal sizes got smaller as angel and early-stage funding dominated and late stage funding took a backseat, said VCCEdge in its year-end analysis. In 2016, start-ups witnessed a 44.3% decline in in…
Dastkari Haat to mark 60 yrs of Indo-Iran cultural ties
A colourful melange of handloom, pottery and textile will mark 60 years of Indo-Iran cultural ties at the upcoming Dastkari Haat Craft Bazaar. For the 31st edition of the annual festival, which begins on the New Year, Dastkari Haat Samiti will be showcasing works of nine Iranian crafts person and…
How incubators in India are helping start-ups grow
For Anand Shahani, founding WedMeGood, an online wedding planning portal, in 2014 was just the beginning. Within a few months, he realised that he needed networking and mentoring to take the business in the right direction. After much deliberation, he decided to knock at the doors of 91SpringBoar…
Budget 2017: PM orders DIPP to focus on impactful steps for economy
The departments of commerce as well as industrial policy and promotion are focussing on measures that are important and yet have “limited budget implications” so that they can be considered for inclusion in the upcoming Budget papers, senior government officials told. The process started after a …