The second edition of the ranking of states on ease of doing business has triggered a fierce contest that has turned many Chief Ministers into zealous monitors of the real-time scorecard and mounted pressure on the bureaucracy to pip the competition. Chief Secretaries of various states are not le…
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Nasscom aims to make India a force in big data, analytics
With a view to making India one of the top-3 global destinations for big data and analytics in the next three years, Nasscom has launched an online community to pep up the analytics industry in the country as part of its Mission ‘Three-by-Three’. The National Association for Software and Services…
Industry hopes Textile Policy will create more jobs, boost exports
The new Textile Policy announced by the government is expected to give a major fillip to the debt-ridden textile industry which has been reeling under rising cost and falling exports. Rahul Mehta, President, Clothing Manufacturers Association of India, said the policy has removed some of the majo…
Tolexo has launched the first in-house, custom developed seller panel in Indian b2b e-commerce
New Delhi, June 23, 2016: Tolexo.com, India’s largest online marketplace for business goods and supplies announces the launch of its Seller Panel. This is the first such merchant platform in India’s B2B e-commerce segment that has been developed in-house, is fully customized and is managed end-to…
Govt approves ‘Fund of Funds’ with an aim to generate 18 lakh jobs
The Cabinet on June 22 approved a Rs. 10,000-crore ‘Fund of Funds for Start-ups (FFS)’ with an aim to generate 18 lakh jobs. This is in line with the ‘Start-up India Action Plan’ unveiled by the government in January. “The fund is expected to generate employment for 18 lakh persons on full deploy…
APSFC cuts rates, to extend loans to MSMEs
The Andhra Pradesh State Financial Corporation (APSFC) has recently cut interest rates and is focusing on extending loans to the MSMEs, the service sector and commercial and residential projects, according to Managing Director WVR Murthy. He was speaking here on June 23, 2016 after launching a bu…
MSMEs in Odisha require 0.1 million tonne coal in FY17
The coal requirement by the Micro, Small and Medium Enterprises (MSME) in Odisha is pegged at 1,83,000 tonne for the FY17. The state government has nominated state run Odisha Small Industries Corporation (OSIC) this year in addition to the local branch of National Small Industries Corporation (NS…
Cabinet clears Rs 6,000 crore package for textile sector
The government has announced a Rs 6,000-crore package for the textiles and apparels sector to help it wrest a bigger share of the global market. The package also provides the sector more flexible labour laws and financial incentives. It hopes the package will create one crore new jobs in three ye…
Recent FDI Policy a measure to induce additional employment, jobs and spur up Make-in-India: Lavasa
The Finance Secretary, Ashok Lavasa on June 22 reiterated that the recent FDI policy pronouncements are meant to create additional jobs as well as induce employment and spur up the Make-in-India with emphasis on driving investments both foreign and domestic. Addressing the Managing Committee Memb…
Hitachi data systems announces new converged & hyper converged solutions
Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd. (TSE:6501), June 22 announced Hitachi Unified Compute Platform 2000 (UCP 2000) Converged System and UCP HC V240, which is the first member of the new Hitachi Unified Compute Platform HC (UCP HC) line of hyper-converged solutions. Bo…