Cash-starved Micro Small and Medium Enterprises (MSMEs) have sought a one- time “disclosure” scheme, which will allow them to declare their actual annual turnovers, with the promise that they will not be harassed for audit records of previous years. MSMEs sometimes under report their turnovers to…
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Demonetisation Effect | India’s knitwear capital in tatters
The hum of hundreds of sewing machines at work nearly drowns the quiet laughter of the group of women, sorting through the striped orange-and-white jumpers piled high on their table. More garments in the same pattern are being knitted on the machines beyond, and the air is thick with cotton dust …
Demonetisation: Yes Bank, Grofers tie up to deliver cash at doorstep
Extending facility to deliver cash at doorstep, Yes Bank has now tied-up with e-grocer Grofers allowing customers to get cash of up to Rs 2,000 when they order grocery online. “Grofers, the on-demand e-commerce mobile and web application, is opening up a new avenue for people to get cash …
Kluber Lubrication brings new tribological solution for textile industry
Kluber Lubrication, manufacturer of speciality lubricants, brings in high-end tribological solutions by supplying tailor made speciality lubricants and services for textile industry. Christian Forster, Market Manager Textile Industry at Klüber Lubrication said that Klüber Lubrication is more than…
Demonetisation has already affected the SMEs : Carnegie India
Carnegie India is a public policy think tank organization which was launched in April 2016. It is the sixth international center of the Carnegie Endowment for International Peace, Washington DC. The center’s research and programmatic focus includes the political & economic reforms in India, p…
Japanese start-up can forecast India’s GDP by using satellite images of night lights
Tokyo: Nowcast Inc., a Japanese financial research and technology start-up, has developed a product that estimates economic growth in real time by using satellite images of night-time lights. Based on algorithms that examine changes in the intensity of illumination, as well as a range of publishe…
Demonetisation Effect | Cotton supply hit badly, sends world market into tizzy
Demonetisation in India — the world’s top producer and second largest exporter of cotton — is “temporarily exacerbating” global supply of the fibre and may prompt importers like Bangladesh to look for alternative sources to stock up immediately, US-based International Cotton Advisory Committee (I…
Indian start-ups are afraid of global competition: IAN Co-Founder
Indian start-ups that are playing up the ‘home-grown’ card and asking the government to shut down the doors for global companies like China, shows that the companies are just losing confidence, said Saurabh Srivastava, Chairman Emeritus at TiE Delhi. “I think, we are losing confidence ̷…
World Bank grants $5.19 mn for energy financing to MSMEs
New Delhi: World Bank will provide an additional USD 5.19 million grant to MSME industries in the country to help them adopt efficient energy means. Grant will be provided through World Bank’s International Bank for Reconstruction and Development (IBRD) arm. An agreement for Global Environm…
ah! Ventures launches marketplace to provide services for start-ups
Early stage venture capital firm ah! Ventures has launched a marketplace to provide startups services such as branding, legal advisory, finance, staffing and more. The ah! Marketplace connects startups with relevant service providers on the basis of a pre-decided package, the company said in a st…