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KVIC pushes towards digital age for better efficiency and delivery

The Government is leaving no stone unturned to make Khadi and Village Industries Commission (KVIC), result oriented and productive, Union Minister of State, MSME, Giriraj Singh said recently in Parliament. The steps taken by the Ministry to improve KVIC include e-office system, online submission …

Europe 29 trade potentials vastly under-explored: Gen. V K Singh

New Delhi: The true potentials of India-Europe 29 bilateral trade flows are vastly under-explored. Stating this in his keynote address in the inaugural session of the 2-day 3rd India – Europe 29 Business Forum being organised in New Delhi, Gen (Dr) V K Singh, Minister of State for External …

e-Commerce cos fail to log profits, investors choke off fund flow

With most e-retailers unable to scale up quickly enough to turn profitable, investors are holding back on investments, reports Anushree Bhattacharya in New Delhi. Data released by Tracxn Technologies shows fund flows have slowed sharply with just $3.7 billion coming in between January and Novembe…

Demonetisation Effect | 400,000 jobs to suffer; e-Commerce to be worst hit

With demonetisation set to reduce India’s economic growth by 1% over the next one year, the job market is likely to see over 400,000 job cuts. You should worry if you work in the e-commerce sector, since firms could handover around 200,000 pink slips in the next one year. “Cash on delivery being …

Demonetisation Effect | Big gain for mobile wallets, e-Commerce suffers

Bengaluru/New Delhi: The withdrawal of high-value notes from circulation has had a mixed impact on the country’s online businesses. Sales at e-commerce companies, which are heavily dependent on cash payments, have suffered badly while digital payment start-ups have seen a sharp rise in daily tran…