Bengal’s extinct Bluchari, hand-woven fabric is set to make a comeback with the efforts and promotion by Tantuja, state government’s weavers’ cooperative society and Weavers Studio Resource Centre (WSRC), an NGO working for revival of Bengal’s lost textile traditions. They…
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Currency Ban Impact | Modi’s ‘masterstroke’ giving a ‘stroke’ to SMEs
Demonetisation has brought MSME sector to a virtual halt. Though the government has of late relaxed cash withdrawal norms, small units are still at the mercy of banks. SME sector is feeling the hardest impact of the decision and the shortage of cash has stressed the industry. As much as 86.4 per …
Currency Ban Impact | India Inc supporting Modi’s strike, seeks immediate relief for SMEs
Assuring Prime Minister Narendra Modi of India Inc’s full support in the fight against black money and corruption, the ASSOCHAM on November 17 said though the short-term hardship will lead to long-term cleaning up of the economy, some immediate relief should be considered for the industry, …
India-EU collaborate on skill development
A delegation of the European Union and the government’s National Skill Development Agency (NSDA) held a conference to discuss the results, impact and the way forward of the EU-India Skill Development Project. The EU India Skill development conference was inaugurated by Union Minister of Sta…
Currency Ban Impact: Bandhan Bank CEO says MFIs may lose Rs 1,700 cr due to note ban
The demonetisation move may hit the micro finance sector hard, said Bandhan Bank CEO Chandrashekhar Ghosh, estimating the temporary loss to be around Rs 1,500-Rs 1,700 crore. Bandhan Bank, which was one of the largest micro finance institutions before it became a bank last year, has suspended its…
Contest to identify the country’s top 25 social innovations in Bengaluru
As part of the activities lined up for the forthcoming Pravasi Bhartiya Divas (PBD) in Bengaluru, the Ministry of External Affairs is organising a national contest to identify the country’s top 25 social innovations. The Ministry will be conducting this nation-wide search with the support o…
Currency Ban Impact | Trucking business down by 50%, start-up, $300 bn business suffers
The $300 billion logistics and trucking business is hit by the nation-wide cash crunch as the Narendra Modi’s demonetization drive – forcing transportation companies to get closer to truck aggregating and owning startups. According to estimates, the trucking business (largely dependent on cash) i…
Gates meets Indian Telecom Minister to discuss digital inclusion, e-payments
Microsoft Founder and billionaire philanthropist Bill Gates met IT Minister Ravi Shankar Prasad and discussed ways in which his Foundation could participate in areas such as digital inclusion, healthcare, e-agriculture and e-payments. “It’s very exciting time in India and digital plat…
India’s first design-led start-up DesignGild launches start-up accelerator
DesignGild, India’s first design-led startup has announced the launch of its first startup accelerator program. DesignGild is an initiative of the MIT Institute of Design (MIT ID), Pune. The boot camp for these startups commences in January 2017 in Pune. Harshit Desai, Chief Operating Offic…
Currency Ban Impact | Textile hub in Surat shut half the week, works one shift only
The textile industry of Surat, which sustains the families of nearly 10 lakh people directly or indirectly linked with it, has ground to a near halt since November 8, the day after it had opened on the conclusion of the Diwali vacations. The cash crunch has forced textile and powerloom units to s…