In collaboration with German aid agency GIZ, Citrix, Ericsson, Harman and IKP Knowledge Park, Zinnov, a management consulting firm, has announced the launch of a social start-up accelerator programme, SIGMA. Sigma will focus on social start-ups in five key areas of healthcare, clean tech, smart a…
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Govt has scrapped about 1200 laws to encourage start-ups: Amitabh Kant
To encourage entrepreneurs, the government has removed around 1,200 complex laws and procedures for easy registration of start-ups in the country, Niti Aayog CEO Amitabh Kant said on July 18, at the Entrepreneur India Congress 2017. According to Kant, the government has taken many steps especiall…
BSE SME on-boards 187th company
BSE SME has on-boarded the 187th company on the bourse. On July 18, Gujarat’s 7NR Limited Retail (Gini & Jony Ltd) Ahmedabad listed on the SME platform. “Trading Members of the Exchange are informed that on Thursday, July 18, 2017, Equity Shares of Ridhi Corporate Services Ltd will be l…
Will GST be a long-term pain for SMEs?
Global leader in credit ratings and research, Fitch Ratings has said in its latest special report on the newly rolled-out Goods and Services Tax (GST) that the tax regime is probable to have a negative impact on the SME sector. “India’s new Goods and Services Tax (GST) is likely to have a b…
Startup India Hub crosses 1600 registrations within a month
The newly shaped-up Startup India Hub has attracted as many 1600 plus registrations within a month of its launch, according to an official tweet from the Startup India Twitter handle. The Startup India Hub was launched on June 19, 2017 by Commerce and Industry Minister Nirmala Sitharaman alongwit…
MSDE launches GST training prog to skill 2 lakh youth under 100 centres
The Ministry of Skill Development and Entrepreneurship (MSDE) has launched a national GST training programme under the flagship scheme of Pradhan Mantri Kaushal Vikas Yojana (PMKVY) to skill 2 lakh youths in 6 months with regard to tax compliance issues. Launched on the occasion of Second Anniver…
MSME-DI Srinagar organises ZED Certification awareness prog for MSMEs
An awareness programme on the Government of India sponsored Zero Defect, Zero Effect (ZED) Certification System for MSMEs (Micro, Small and Medium Enterprises) was organised on July 17, by The Micro, Small and Medium Enterprises Development Institute (MSMEDI) Srinagar. The programme enlightened d…
RBI may review TReDS platform for hindrance-free financing of trade receivables
The Trade Receivables e-Discounting System (TReDS) is likely to be reviewed by the Reserve Bank of India and the government. The system of invoicing has made large companies to be spartan as competitors will identify their MSME suppliers. As TReDS is a transparent system, it is mandatory for comp…
GST rollout: SMEs & industry veterans cheerfully put aside concerns
Heralding a new era in tax reforms, GST regime is finally here up and running, and despite initial skepticism, it has been hailed by the entire industry. Considered as a key factor in improving ease of doing business and paving the way for ‘One Nation-One Tax’, GST promises to make India one big …
GSTN provider Vayana Network raises Rs 25.7 cr in Series-A funding
Digital trade financing network and a Goods and Services Tax Network (GSTN) provider, Vayana Network, has bagged over Rs 25.7 crore from IDG Ventures and Jungle Ventures in series A funding. The Pune based network facilitates trade between businesses and helps finance small and medium enter…