Days ahead of the launch of GST, the RSS’s economic wing SJM has said the new indirect tax regime will “badly hit small businesses and push Chinese imports“. As the date of implementation of GST is approaching, the heartbeats of small entrepreneurs and traders are increasing, Sw…
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5 features of the Startup India Hub that you should know of
The Startup India Hub was launched on June, 19th by Nirmala Sitharaman, Commerce & Industry Minister. The Hub will act as a platform for all the stake holders of Startup India, including startups, investors, funds, mentors, academia, incubators, accelerators, corporates, Government bodie…
MSMEs gear up to embrace GST regime
Micro, Small and Medium Enterprises (MSMEs) are all geared up to embrace the new GST regime by making changes in their functional as well as technological strategy, but want government support for training and creating awareness. Those associated with the MSME sector feel that the “One Tax One Na…
Startup India Hub to engage with NY’s tech incubator Collaborizm to connect like-minded teammates
The Startup India campaign, launched by PM Narendra Modi, sought to encourage an entrepreneurial ecosystem in India. The hope is that this would boost not just our economy but the underlying, fundamental issue of employment as well. By promoting the spirit of entrepreneurship in India, we could c…
Ancillary units should expand business activities: Nirmala Sitharaman
Union Minister of State for Commerce and Industry Nirmala Sitharaman on June 23 called upon the ancillary units of BHEL to diversify and expand their business activities in various areas and supply products without remaining dependent on the strength of the public sector giant. Speaking…
I want to make Pune the start-up capital of India, says Fadnavis
If the Devendra Fadnavis-led government delivers on its vision and promise, a new Pune could rise on the banks of the Mula Mutha river in the coming five years. A generation next city and start-up capital of India that is serviced by smart solutions and transport networks. From developing the new…
Start-ups can now accept deposits from shareholders
In a move to simplify the process of raising fund for start-ups, the Corporate Affairs Ministry has allowed these companies to accept deposits from shareholders. This amount will be separate from their share in start-up. Prior to amendment in the rules of the Companies Act, only limited liability…
ONGC facilitates start-ups under government’s flagship programme
ONGC launched the ONGC Start-Up Fund on 14th August 2016. ONGC, SINE and IIT Bombay entered into a MoU to work together for incubating innovative ideas and business start-ups in the energy sector at the Society for Innovation and Entrepreneurship (SINE) of IIT Bombay. The Pitching Session to sele…
ShopClues rolls out GST compliance services for over 6 lakh MSME merchants
ShopClues is introducing several merchant initiatives and workshops nationwide to have a smooth transition to the Goods and Services Tax (GST) framework. The online aggregator plans to pan over five lakh plus merchants under the new tax regime as it is required to file returns under GST, which wi…
Resurgent requests govt to relax NPA recognition norms for MSMEs
Financial advisory services provider Resurgent India, has requested the government to extend non-performing asset (NPA) recognition norms for MSMEs to 180 days from the current three months period as they have been facing difficult time. The micro, small and medium enterprises (MSMEs) have h…