Hyderabad: Industries Minister K T Rama Rao said that the state government will develop 12 textile clusters apart from bringing a textile policy for taking up several welfare measures for weavers’ benefit. The Minister visited a textile park in Pochampally , Yadadri district and enquired ab…
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It’s never been better, say fintech start-ups
Mumbai: One month of demonetisation has brought about an unprecedented surge in business volume for startups connecting customers with vendors cashlessly via a mobile wallet or simply a payment gateway. Since November 8, when the Central government demonetised Rs. 500 and Rs. 1,000 notes, Mumbai-…
Do Indian start-ups need protection from foreign competition?
I use an Ola cab almost everyday. It is reliable, reasonably cost effective and in the wake of the government’s recent demonetisation drive, a lifesaver because of an efficient e-wallet built into its mobile app. I also like the fact that this online cab hailing service is made available to me by…
This Smart Hug ticks for your safety
Raj Neravati moved to India from the United States after the 2012 Nirbhaya gang rape incident to work on a technology for women’s safety. Eventually, he came up with the idea of a smartwatch with personal safety features and in 2014 launched Hug Innovations. “Big players have tried to repli…
These 34 companies will make your GST play less taxing
The Goods and Services Tax Network (GSTN) which is building the technological infrastructure for the implementation of GST, has finalised 34 companies as the GST Suvidha Providers (GSPs), which will offer support and services to help tax payers and businesses in compliance. The GSTN had released …
Weave in India: Home textile market can outperform China in coming years
Thanking the Centre for extending a special package to Made-ups sector, Indian Texpreneurs Federation (ITF), a textile industry body in the region today said with estimated size of $96 Billion of global home textile market, India can outperform China in the coming years with this support measure.…
Job loss to widen if liquidity not restored soon: MSME Fed Chief
The impact of demonetisation has been far more on enterprises integrated with the rural supply chain or informal sector and not so much on large supply chain, says Anil Bhardwaj, Secretary General of the Federation of Indian Micro and Small & Medium Enterprises. In an interview he also shared…
Start-up Inc split over Sachin Bansal, Bhavish Aggarwal’s call for ‘protectionist’ policies
US-based Amazon and Uber kept a conspicuous silence on Thursday after the poster boys of Indian Internet entrepreneurship — Flipkart Chairman Sachin Bansal and Ola Chief Executive Officer Bhavish Aggarwal — joined forces to make a strong pitch for policies that will favour homegrown companies. So…
Have a start-up idea? Kickstart it in just 3 weeks with ClearTax
To help new businesses get off the blocks, online tax filing portal ClearTax has launched a new platform for start-ups that promises to make these companies operational in three weeks. Under the ‘ClearTax Start-up Platform’, the portal would assist new businesses by providing advisory…
Lesson from Demonetisation: Getting into new tax regime without tech preparedness might be counterproductive for GST
The large-scale withdrawal of currency notes from circulation in India has implications for the impending GST to be adopted by the country. There are concerns over whether the expected contraction in economic activity following demonetisation will impact state revenues adversely. As the Finance M…