Around 4,100 Micro, Small and Medium Enterprises (MSMEs) in Nashik district have been registered online for Udyog Adhaar during past seven months. After the central government’s decision, the state has made online registrations mandatory to new MSMEs since October 6, 2015. Accordingly, an e…
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Odisha MSME to create 4 lakh jobs
The Odisha Government has set an ambitious target of creating employment opportunities for four lakh youth by setting up 1.5 lakh small industries by 2018-19, officials said on May 30. Reviewing the performance of Micro, Small and Medium Enterprise (MSME) department, Chief Minister Naveen Patnaik…
Centre to relax labour laws for MSMEs to boost job creation
After start-ups, the Labour and Employment Ministry has moved to relax labour-related compliance measures for Micro, Small and Medium Enterprises (MSMEs), a sector that can play a significant role in boosting manufacturing and making Prime Minister Narendra Modi’s Make in India mission a success.…
SoftBank’s investments in India may surpass $10 billion
Having made a string of technology investments in India, Japanese telecom and Internet giant SoftBank has said its investments in the country will top $10 billion in 5-10 years. SoftBank, which owns one of Japan’s biggest mobile carriers and a controlling stake in US-based Sprint Corp, will…
GDP Growth Estimated at 7.7% for 2016-17 – FICCI’s Economic Outlook Survey
New Delhi, 30 May 2016: The results of latest round of FICCI’s Economic Outlook Survey puts across a median GDP growth forecast of 7.7% for the fiscal year 2016-17. The growth in 2016-17 is expected to be supported by an improvement in the agricultural and industrial sector performance. Predictio…
Startups nudge staff to change work culture
Employees at startups, which were once fledgling firms but are now established in their fields, are being given challenging KRAs, key result areas to measure performance outcomes. A highly competitive operating environment is driving this shift towards a new work culture. While Bigbasket has told…
Sitharaman takes startups’ tax holiday plea to Finance Ministry
To make Startup India more lucrative, the Ministry of Commerce & Industry has approached the Ministry of Finance with an industry proposal to widen the income tax exemption period from the current three years. “I have been interacting with the startups and a lot of them are in touch wit…
KVIC targets to increase sale of Khadi products by 35%
Encouraged by a 29 per cent jump in the sale of khadi products during 2015-16, the Khadi and Village Industries Commission (KVIC) has set a target of 35 per cent in the current fiscal. “The sale of khadi products has recorded a quantum jump even in the face of economic slowdown and we aim t…
Infosys partners with MTDC to open a tourism pavilion at its Pune Development Center
Infosys announced the inauguration of Maharashtra Tourism Development Corporation’s (MTDC) Tourism Pavilion at its Pune Development Center (DC). The company has partnered with MTDC with the objective of promoting tourism and cultural understanding of Maharashtra amongst its employees in Pune. The…
PHDCCI Innovation Summit for MSMEs to bring together industry honchos
On June 3rd, PHD Chamber will host Innovation Summit that aims at enhancing the innovative capacities of micro, small & medium enterprises. Discussions and deliberations will be around two key focus areas – Innovative Strategies for Sustainable MSME Financing and Technology Adaption in …