Keen to roll out Goods and Service Tax (GST) by the target date of April 1, 2017, the government will launch an outreach programme to address concerns of small traders. “We are trying to complete GST formalities to roll out GST regime within the target date,” Minister of State for Fin…
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SMEs to set a new high in fund raising
The number of Small and Medium Enterprises (SME) raising funds through the SME platform is set to hit a record high in 2016. Already over 30 companies have hit the street in 2016 till date with the BSE accounting for a major chunk of these issues. The BSE SME platform has seen about 25 companies …
Bengaluru to host Asia’s biggest Start-up Expo
World Startup Expo 2016, Asia’s largest congregation, aims to bring together the most happening and disruptive startups and SMEs, along with the expertise of executives from the top corporations, government agencies, incubators, investors, HNWIs, VC funds, banks, students and technology companies…
DST launches Rs 100 crore programme to support startups
The Department of Science and Technology (DST) has launched a Rs 100-crore programme to support startups. The programme, called National Initiative for Developing and Harnessing Innovations (NIDHI), is aimed at helping startups across the country in terms of both funding and incubation support. A…
MoU signed to scale-up handloom & textile sector
The government has embarked on linking its skill development initiative with its programme to develop handloom industry. MoU in this regard was signed between the Ministry of Skill Development and Entrepreneurship (MSDE) and the Ministry of Textiles here on National Handloom Day to “bring a…
A riot of colors & weaves at 2nd National Handloom Day Expo
From Kashmiri Pashmina to South Silk, Banarasi Silk Saree and West Bengal Handloom to Lucknow Chikankari and Khadi – everything was at display at Handloom Expo organised by Federation of Indian Chambers of Commerce & Industry (FICCI) and FICCI Ladies Organisation (FLO) to celebrate Nati…
Logistics sector could save $200b annually post GST
Logistics sector, which accounts for nearly 14 percent of the GDP, could see savings to the tune of USD 200 billion annually on implementation of GST, which will ensure faster movement of goods and less idle hours, say experts. With the introduction of Goods and Services Tax, many taxation proced…
Govt wants to know if you are interested in solar energy, joint venture or foreign fairs?
Government of India has become curious if an enterprise is using solar energy or wishes to use it, or it has a joint venture or plans to have one or it is interested in foreign fairs or wishes to import technology in the additional requirements category. The government has notified new rules for …
Policy on Micro, Small & Medium Enterprises soon: Agnihotri
Solan, Himachal Pradesh: The Industries, Labour and Employment Minister Mukesh Agnihotri while addressing a one-day conclave on the MSME organised by the Confederation of Indian Industries (CII) at Baddi said the state would soon formulate a policy for the Micro, Small and Medium Enterprises (MSM…
Uttarakhand tops in industry, service sectors growth: Assocham
Uttarakhand has emerged as the top state in the country in terms of growth in the industry and service sectors in the last ten years, says a study. The study which covers a period of ten years from 2004-05 to 2014-15 said Uttarakhand has emerged at the top by clocking the highest Compounded Annua…