Amid economic and geopolitical headwinds and challenges to the IT sector, Nasscom has asked the finance ministry to defer applicability of Place of Effective Management norms to maintain India’s competitive edge and pitched for tax sops in R&D. The association has been “disappointed” by the d…
News
Demonetisation | PM urges SMEs to embrace cashless mode to multiply turnover
In his first monthly radio address after demonetisation, Prime Minister Narendra Modi on November 27 urged small businesses and workers to embrace cashless transaction through mobile banking and plastic money. “I would like to tell our small and micro businesses to take up this opportunity …
Digital India: AppSpace launches app to help SMBs become digitally visible
Hyderabad: City-based startup, AppSpace Innovation Pvt Ltd, that has been incubated at the T-Hub, on November 26 launched a mobile platform `FindMe@ SmartSites’ that empowers small businesses to go digital. The startup has been set up by former IBM and Oracle techies. Commenting on the laun…
Amitabh Kant panel to identify digital payment modes
New Delhi: The government has set up a high-level committee to identify all possible modes of digital payment across sectors as it pushes on with its drive towards a cashless economy. The committee is headed by Amitabh Kant, the CEO of NITI Aayog, the government’s policy think tank. “…
TN likely to come out with Defence Manufacturing Policy to encourage investments
From an automobile and allied industries manufacturing hub, Tamil Nadu is evolving into a knowledge hub as it focuses on drawing investments in R&D, design, aerospace and defence sectors, according to MS Shanmugam, Additional Secretary (Industries Department), Tamil Nadu government. At an int…
Back to square one: Funds drying up for start-ups
After two years of hyper growth fuelled by a funding boom, India’s startup sector is busy getting back to the basics. And as these enterprises get ready for the new year, the glass looks more half full than half empty compared with the year gone by. Data from startup researcher Tracxn show …
Assocham urges govt to ease cash limits for logistic fleet operators
As India Inc supports Prime Minister Narendra Modi’s battle against black money, the ASSOCHAM has urged the government to consider among other relief measures, increasing the cash withdrawal limits for logistic and transport fleet owners since they need hard cash for meeting expenses for crew mem…
5.3 lakh youth trained in textile sector in last 2 years: Govt
The government said it has trained over 5.3 lakh youth in textile trades over the past two years, particularly in garment segment. Of this, “more than 81 per cent of persons trained have been placed including 79 per cent of the trained women,” an achievement report prepared by the DIP…
Kerala govt permits Rs 85 cr for handloom sector to offer free uniform to students
The state government has approved Rs 85 crore in the first phase for production of 1.30 crore metre of Handloom cloth by State Industries to offer uniform free of cost to the government aided school students of class one to eight. Announcing this, new Industries Minister AC Moideen said that the …
Shopaholics throng India International Trade Fair in large numbers
Demonetisation has hit Delhiites hard, but has not stopped some of them from visiting the India International Trade Fair (IITF) at Pragati Maidan to explore unique trade and business opportunities. Driven by the Make in India initiative this year’s international trade fair has on display th…