Even as the rest of the country is concerned about cash withdrawals on the pay day, there are about eight million bidi workers who haven’t received their wages since November 8. With 90 per cent of workers located in rural areas with no bank accounts, bidi units have not been able to pay wa…
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Demonetisation Effect | Liquidity crunch all over the country, SMEs facing temporary hurdles
In wake of the government’s move to demonetise Rs 500 and Rs 1,000 currency notes, small and medium enterprises (SMEs) are facing temporary difficulties for making payments but are coping with the fall out of demonetisation. The SMEs and micro and small enterprises which by their very natur…
3-day vendor development program to connect MSMEs with major buyers
The 5th Edition of National Vendor Development Programme 2016, will be held here from December 14, which would act as a platform to connect PSUs, major buyers with MSMEs. About 60 vendors will exhibit their machining facilities and capability and 20 outsourcing firms and PSUs such as HAL, BHEL, R…
Facebook pumps $40k into Indian fashion start-up
Mumbai: CoutLoot, an end-to-end fashion re-commerce platform, has been selected for Facebook’s developer-focused “FbStart” programme, receiving access to $40,000 worth of credits and services from the social networking giant. Launched last year, “FbStart” helps devel…
RBI holds empowered committee meeting on Jammu MSMEs
Jammu: The 35th Empo-wered Committee (EC) meeting on Micro Small and Medium Enterprises (MSMEs) was held today at RBI, Jammu. The meeting was chaired by N.K Sahu, Regional Director for J&K, Reserve Bank of India, Jammu. S.C Sharma, GM, RBI explained that the main purpose of holding the period…
PPP model can boost manufacturing sector, says DIPP
For India to increase the contribution of manufacturing sector in the economy, the country will have to seriously look at adoption of a robust public-private partnership (PPP) model. “Time has come for adopting this model for manufacturing now. Think of possibilities it can create and explore how…
Demonetisation Effect | Big worry for small units in Gujarat
The Small and Medium Enterprises (SMEs) across industrial pockets in Gujarat are bracing themselves for the salary payment period beginning December 1. Barring a few industrial pockets, where the payments are made on weekly basis, this is going to be the first salary payout to the workers after t…
Demonetisation Effect | Economy grows 7.3% in second quarter, but growth could tank in next quarter
India’s economy expanded at 7.3% in the September quarter, the fastest rate among major economies, but growth could tank at least over the next few months because of the government’s demonetisation drive. The July-September growth rate announced on November 30 is higher than 7.1% registered in th…
Indian start-up ecosystem lucky to have Ratan Tata’s support: Ola Founder
Mumbai: Amid the corporate war raging within Tata Sons, which has also highlighted Ratan Tata’s work as angel investor in startups after his earlier retirement in 2012, startup founders have come out in strong support of the Tata scion. Ratan Tata-funded cab aggregator Ola founder Bhavish A…
5 senior professionals who quit their jobs & turned entrepreneurs
The word ‘start-up’ typically evokes images of young entrepreneurs brimming with adolescent enthusiasm intent on creating radically different businesses. But the bunch of entrepreneurs that features in this article are not your Average Startup Joes. They are actually experienced professionals who…