Indian exports grew at 4.62 per cent in September to revive hope among the country’s exporters struggling against depressed global demand, Commerce Minister Nirmala Sitharaman said. “So, there is hope. There is definitely prospect for our exporters struggling and also performing in a …
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Microfinance firm Suryoday to turn into small bank by Jan
Navi Mumbai-headquartered Microfinance Institution (MFI) Suryoday is set to convert itself into a small finance bank by the end of this month or early next month. The company has been able to migrate its MFI operations to a banking platform using a cloud-based core banking platform provided by FI…
Ease of doing business | Dedicated task force in all ministries to track progress
All ministries will now have to set up a dedicated task force in each department to track progress on ease of doing business as part of the government’s renewed efforts to improve India’s rank in the World Bank’s Global Doing Business Report, a measure that comes after the country moved up just o…
Karnataka would soon take top slot for women entrepreneurship: CM
Rolling out red carpet to women entrepreneurs, Karnataka Chief Minister Siddaramaiah expressed confidence that with several initiatives taken, the state would soon occupy the top slot for women entrepreneurship. He urged women entrepreneurs to explore entrepreneurial opportunities in Karnataka an…
IIM Bangalore & Goldman Sachs together to launch programme for women entrepreneur
In a move designed to boost woman entrepreneurship in a country starved of female startup leaders, the Indian Institute of Management-Bangalore has joined hands with Goldman Sachs to launch a startup programme targeted at women with no previous entrepreneurial background but keen to set up ventur…
Haryana to set up Wi-Fi zone to encourage SMEs & start-ups
One Wi-Fi zone in all 6,078 gram panchayats within two years, broadband to every household, 4G services in every village in the next three years, making MSME the growth engine and a lot more has been envisaged in the draft Haryana IT and ESDM Policy-2016. Haryana Government has prepared draft Har…
Currency Ban Impact | Small firms & rural demand to be affected; says Tata Steel
Government’s move to demonetise currency will impact the secondary steel sector as most of the business conducted by these mini mills and rolling factories is cash-based, which in turn would help the large producers, Tata Steel said. Counted among the top 10 steel makers globally, the Mumba…
Technology is a growth catalyst for SMEs say tech honchos
Small and Medium Enterprises (SME) often stay away from investing in technology due to the fear of high investments, and thus something that can give them a competitive advantage turns into the last priority. In an interactive panel discussion, panelists at the Surge conference in Pune discussed …
Currency Ban Impact | Online Vendors Association writes to FinMin over revenue loss
India’s leading online sellers said the demonetisation of Rs 500 and Rs 1,000 notes has badly hit their business with total orders down by almost 80 per cent. All India Online Vendors Association (AIOVA), a group of 1,500 online sellers, said the country’s e-commerce industry is depen…
Govt to review new Textile Policy
The government will soon convene a meeting to seek states’ views and inputs on the new National Textile Policy. The policy aims to achieve $300 billion textile exports by 2024-25 and create an additional 35 million jobs. “The Textile Ministry will organise a special meeting with states to seek th…