The strategic partnership policy in defence will help attract FDI as global investors would be assured of orders, Defence Minister Arun Jaitley on June 1 said. He said unless the opening of the FDI rules is accompanied by some reasonable possibility of getting orders, an investor is not going to …
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Industrialists must gear up to make defence products: MoS (MSME) Haribhai Chaudhary
The Union Minister of State (MoS) for MSME Haribhai Parthibhai Chaudhary has urged industrialists to gear up to develop products for defence and infrastructure sectors. Though the Centre has allowed foreign direct investment in Railways, Housing and Defence sectors, it does not mean that India ca…
EY launches DigiGST to help businesses comply with GST
New Delhi: In a bid to help out Indian businesses floundering to comply with the Goods and Services Tax (GST), Ernst & Young (EY) has announced the launch of DigiGST – an integrated GSP-ASP (GST Suvidha Provider- Application Service Provider) solution that provides organisations with en…
71% Indian SMEs optimistic about domestic economy: Report
The confusion surrounding the implementation of India’s biggest tax reform – the Goods and Services Tax (GST) – has not dimmed the optimism of Indian SMEs (Small and Medium Enterprises) about domestic economic growth. A survey commissioned by American Express and carried out by …
Start-ups @ 10: A decade of disruption
Bengaluru: As Internet start-ups enter their second decade, they have one message alike for demanding customers, disrupted traditional businesses and bewildered regulators: the fun has just begun. It’s a truism that most of us continually underestimate the impact of technology. For evidence, cons…
IIT-Kanpur extends Rs 25 lakh seed fund to rural job hunt start-up
Supporting the central government’s Startup India project, the Indian Institute of Technology in Kanpur (IIT-K) pumped in Rs 25 lakh as seed funding in rural job search start-up Eezy Naukari. The Kanpur-based company aims to help job seekers in rural areas find work opportunities in the cities ac…
After ban on cattle slaughter, Govt to announce Rs 4k cr package for leather industry
With the Central government announcing curbs on cattle slaughter on May 26, the leather exports industry seems to be bracing itself for a rapid downward spiral. Though there seems to be a lot of misinterpretation on the latest notification, till the Government comes up with a plausible explanatio…
American Express betting big on SMEs for growth in India
US-based financial services corporation American Express (also known as Amex) will focus on the SME sector for growth in India. The sector has been the growth driver for the past five years for Amex, said Saru Kaushal, VP and General Manager, Global Corporate Payments, American Express while spea…
Breaking News | MSME Ministry to give subsidy of Rs 1 lakh to MSMEs deploying cloud computing
In order to enable and accelerate ICT adoption amongst MSMEs, the MSME Ministry has approved the earlier proposed subsidy of upto Rs 1 lakh for micro, small and medium enterprises deploying cloud computing. The subsidy will be provided on user charges for 2 years. The proposals are part of the m…
Make in India outreach has attracted many German SMEs: PM Modi
Berlin: The Make in India Mittelstand (MIIM) launched to encourage German small and medium industry (SME) to India has evoked major interest in Germany, giving further boost to bilateral business ties, Prime Minister Narendra Modi said on May 30. “Germany is contributing in a big way to the…