In order to create skilled manpower in specialised sector, the Ministry of Science and Technology is launching training programmes linked to the industry. The training programme will be initiated by Council for Scientific and Industrial Research (CSIR), an arm of the ministry, and it will train p…
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Happy times @ SMEs’: Govt. notifies framework for 4.74 lakh units revival
Micro, Small and Medium Enterprises (MSMEs) sector is in a decline as number of sick MSME units is on the rise in the country for past few years. The government blames it on economic slowdown. “Number of sick MSMEs in the country at the end of March 2013, March 2014, and March 2015 was 2.22, [&he…
Even as India’s textile sector slumps, Gujarat maintains 18% growth rate
Despite an overall slump in India’s textile sector, Gujarat has performed remarkably well through policy support from both the Centre and state government. This is evident from the fact that while exports from the country’s textile sector have remained stagnant over the last two years, the state …
Ease of doing business: 12 states implement 75% of reforms
As many as a dozen states, including Uttarakhand, Rajasthan and Jharkhand, have implemented 75% of the reform initiatives under the ease of doing business programme, reflecting positive sentiments, Commerce Minister Nirmala Sitharaman said on September 22. These three states are followed by Telan…
MSME led National SC/ST hub launch on Oct 8 in Ludhiana
National SC/ST Hub under the Ministry of MSME will be launched soon. This will promote the SC/ST entrepreneurs. In this regard, a National High Power Committee meeting headed by Kalraj Mishra, Union Minister for MSME was held on September 22, to review the progress of the National SC/ST Hub. Spea…
GST Council consensus emerging on April 1, 2017 rollout, Rs 25 lakh threshold
As the Goods and Services Tax (GST) Council comprising the Centre and states met here on September 22 — its first session after it was formed last week — a consensus seemed to emerge among the members to usher in the new tax from April 1, 2017. They have also resolved to fix the upper […]<…
Govt widens ambit of merchandise exports scheme
To contain a slide in outbound shipments, the government on September 22 widened the ambit of its Merchandise Exports from India Scheme (MEIS) to offer assistance on items ranging from certain varieties of garments to marine products and engineering goods, which would potentially cost the exchequ…
Income Tax department raids roadside eateries, small businesses to make declaration scheme a success
Mumbai: The Income Tax department is leaving no stone unturned in its bid to make the Income Declaration Scheme (IDS) a success. With less than 10 days to go before the September 30 deadline, small businesses and roadside eateries, many of which have never seen an IT officer before — are the late…
Apple acquires Hyderabad-based machine learning startup
San Francisco: US tech giant Apple has acquired Tuplejump, a Hyderabad-based machine learning startup that helps companies to store, process and visualise big data with its unique software. Founded in 2013, Tuplejump’s two Co-Founders Rohit Rai and Satyaprakash Buddhavarapu have already joi…
Start-ups will continue to disrupt business, say investors
The start-up culture, which has gathered pace in the country, will continue to disrupt traditional business models in a significant way, according to investors which have funded such activity. “Traditional businessmen understand business in their own way. That person will discount you in the firs…