Karnataka Tourism department has said it is conducting an open challenge (hackathon) to crowd-source innovative solutions and products from startups working in the area of Tourism. Government through this challenge is inviting proposals from early stage startups to present their products or solut…
News
Bad loans to Non-Performing Assets (NPAs) a mounting problem: Report
A group of academics and civil servants on September 14 presented a report on the worsening situation of the banking industry and irregularities owing to non-collection of debts worth billions of rupees from big corporate houses. The report ‘Unfolding Crisis: The case of rising NPAs and sin…
Grofers India seeks govt approval for FDI in food trading
Grocery delivery start-up Grofers has sought government’s approval for foreign direct investment to carry out trading in food products. The government has recently permitted 100 percent FDI under government approval for trading, including through e-commerce, in respect of food products manu…
Upto 95% govt subsidy for yarn & fabric MSMEs
Exhibitors at the second edition of the Yarn, Fabric & Accessories Trade Show (YFA) 2016, scheduled for November 23-26, 2016, are now eligible to avail subsidies offered by the National Small Industries Corporation (NSIC). Participating MSME units can claim 60-95 per cent subsidy under variou…
How can industries reap maximum benefits out of GST
GST will overhaul the current indirect tax system and will impact all facets of business operations of any company, for instance, pricing of products and services, supply chain optimisation, IT, accounting and tax compliance systems. Given the time constraints, industries would need to gear up an…
Arunachal has potential to promote textiles sector | Smriti Irani, Textiles Minister
Arunachal Pradesh has the potential to promote the textiles sector and give a fillip to entrepreneurship and job creation, Union Minister Smriti Irani said. The Textiles Minister was speaking after inaugurating an apparel and garment making centre in Pasighat in East Siang district. Union Ministe…
Amazon expands network to 12,500 local stores, retail outlets
In preparation for the festive season sales, Amazon India has expanded its last-mile delivery network to 12,500 local stores and retail outlets in 50 cities to address both express and regular deliveries within a radius of 2km to 4km. Amazon’s delivery network, which started as a pilot prog…
Food processing sector to treble in coming years: Harsimrat Kaur Badal
India’s food processing industry is expected to treble in the coming years on the back of higher economic growth and government initiatives like 100 per cent FDI in marketing of food items, Union Minister Harsimrat Kaur Badal said. At present, the size of India’s food processing industry is about…
Kalraj Mishra to meet MSME bodies
Union Minister for Micro, Small & Medium Enterprises (MSME), Kalraj Mishra, will meet MSME and industry associations in Madhya Pradesh on September 14. He will be accompanied by Minister of State for MSME (MP govt), Sanjay Pathak. The MSME sector contributes around 9 per cent to India’s…
India’s startup ecosystem scales up with widespread government initiatives
With 4,200 tech startups, India is the third-largest tech startup hub in the world. But the steady increase in startups and a range of initiatives by the Indian government to spur growth does not mean the challenges for entrepreneurs are any less. In India, 40% of startups failed since 2014, whil…