India’s first government-owned co-working space for start-ups is set to come up in Mangaluru, offering cutting-edge technology such as 3D printing and new-age digital infrastructure, such as high-speed Internet. “We felt there was a great dem and for a co-working space in Mangaluru. Many start-up…
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Small businesses grapple with GST compliance
With less than a week to go for the new indirect tax regime to kick in, small businesses are trying to understand the modalities of the goods and services tax (GST) as the compliance burden for them is set to significantly rise. Making a relaxation for small businesses, rules allow those with an …
4 days to GST: Firms stumble upon last-mile challenges
In the last-minute rush for GST-compliance businesses are stumbling upon challenges ranging from accountants’ fees to the need for new email IDs. At a meeting of small and medium enterprises (SMEs) in Noida last week, a businessman said his chartered accountant had increased fees from Rs 5,000 to…
Kalraj Mishra inaugurates MSME-DI Tripura, announces Tech Centre for state
Minister of Micro, Small and Medium Enterprises Kalraj Mishra inaugurated the MSME Development Institute (MSME-DI) and Mini Tool Room in Agartala on June 25. The Minister also announced the setting up of a Technology Centre, to usher in small scale industrial development of the state. Mishra said…
Coir Board plans collaborative project in Australia
Coir Board is all set to enter into collaboration with an Australian University and Australian Research Council for research and commercial usage of coir geo textiles developed by India, according to Coir Board Chairman, C P Radhakrishnan. The Cochin University of Science and Technology (CUSAT) w…
GST implementation won’t trigger price rise, says Nirmala Sitharaman
Allaying apprehensions that GST (Goods and Services Tax), to be rolled out from July 1, will cause negative growth and confusion, Union Minister of State for Commerce and Industries Nirmala Sitharaman said the GST will not trigger a price rise. In fact, it will bring down the prices besides accru…
Supply chain & infra still not GST-ready, worry small traders
Ahead of the Goods and Services Tax (GST) implementation on July 1, small and medium traders have said they are not prepared in terms of infrastructure and the readiness of their supply chains for the new tax regime. “Traders are not prepared for it (GST). The biggest problem is that a large numb…
India-Portugal launch joint start-up hub in first ever Indian Prime Ministerial visit
Lisbon: India and Portugal on June 24 launched a joint international start-up hub soon after Prime Minister Narendra Modi expressed his amazement that there has been no bilateral Indian Prime Ministerial visit ever to this European nation that is home to around 70,000 people o…
Start-ups will no more entertain free pilot projects
As funding slows, early-stage start-ups are focusing on being lean and monetising their businesses quickly. Some are doing paid pilot projects — in cash flush times, they would have done such projects for free. While others, are creating services businesses that can bring in money immediately to …
GST rollout from July 1, but confusion still persists among auto & FMCG firms
With just days to go before India rings in a historic unified tax system, confusion reigns in many consumer-facing industries such as automobiles and packaged goods. While most agree that the unified goods and services tax (GST) would bring much-needed efficiency and long-term benefits, the rollo…