Micro, Small and Medium Enterprsises (MSME in Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura – the ‘seven sisters’ that make up the North Eastern Region (NER) – stand to benefit from central government initiatives to encourage entrepreneurship…
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Mahindra Finance to raise Rs 1000 cr from NCDs
Mahindra Finance said it will raise Rs 1,000 crore through retail bond sale. The public issue of thecthe first from the company, will open on May 25 and closes on June 10, said the NBFC from the Mahindra group. Mahindra Finance Vice Chairman and Managing Director Ramesh G Iyer said it is their ma…
Need for tweaking laws and rules for preventing NPAs in MSMEs
The Micro, Small and Medium Enterprises (MSMEs) are the largest vendors for the Union and State governments in defence, aeronautics, electronics, safe drinking water equipment and services, medical and pharmaceuticals, solar equipment and servicing. The MSME Development Act (MSMED) also provided …
Busy 16 becomes the first business accounting software to provide the latest DVAT e-return filing as per item codes
BUSY 16, the Complete Business Accounting Software from Busy Infotech Private Limited has become the first accounting software to provide the latest Delhi Value Added Tax (DVAT) e-Return filing feature in its software. Delhi Government has recently changed the format of DVAT e-Return. Till now, …
Industry forum ASSOCHAM calls Modi govt progressive
Describing the two-year tenure of the Prime Minister,Narendra Modi’s Government as ‘work in progress,’ apex industry body ASSOCHAM 23 May said that country’s big macroeconomic picture has certainly been steadied while some bold moves have been made in the roads and highways, railways and en…
Mobikwik offers loans to wallet users to push digital payments
Fin-tech company Mobikwik is expanding its services by offering instant micro loans to wallet users running short on balance as part of its efforts to boost digital payment usage in the country. The company, which competes with Alibaba-backed Paytm, started pilot on the project a few weeks back a…
Government reviewing startup action plan’s progress
The government is reviewing the Startup Action Plan launched in January by Prime Minister Narendra Modi to assess if it is moving in the right direction. The Department of Industrial Policy and Promotion (DIPP) is collating the progress made on the plan and will share its report with the NITI Aay…
SMEs key to economic growth | Raghuram Rajan
RBI governor Raghuram Rajan on May 21 said Small and Medium Enterprises (SMEs) hold the key to creating more jobs and accelerate country’s economic growth and the sector ought to be encouraged to flourish in a hassle-free environment. Rajan stressed the need for rapid implementation of prog…
Peer to peer Lending platform i2i funding raises angel funding
I2iFunding, one of the leading peer to peer lending platforms in India, today announced that the company has secured Angel funding, from a group of industry veterans. “We are delighted that this distinguished group of investors has chosen to support i2ifundinging our mission to increase financial…
Google confirms area 120 incubator that allows employees build their own startups
Google is setting up an in-house startup incubator called ‘Area 120’ to help retain its entrepreneurial talent and give them an avenue to explore new ideas, CEO Sundar Pichai has confirmed to Forbes. These plans were first reported by The Information last month. “We’ve alw…