Mumbai: The Khadi Village and Industries Commission (KVIC), an autonomous body under the Ministry of MSME, has sent legal notices to four Indian companies and institutions for using the word Khadi in their brands or as a trademark in an energetic push bid to reclaim the brand for the nation. Afte…
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GST: e-Commerce sector to benefit from faster delivery & transparency
India is set to roll out the Goods and Services Tax (GST) from July 1, which is expected to pare the costs borne by logistics and e-Commerce start-ups face in India. The e-Commerce players that depend heavily on third-party logistics firms to transport goods to the customer’s doorstep have largel…
B2B’s time has come: Rajan Anandan, VP, Google India
Ace angel investor and Vice-President, Google India & South East Asia, Rajan Anandan talks about the challenges in the start-up environment in India. Edited excerpts: Q: Are investments hard to come by? A: Two things are going on. At very early stage the pace has not changed. Early stage inve…
2-day ‘Start-Up India Summit’ begins in Abu Dhabi
A two day “Start-Up India Summit” will begin in Abu Dhabi, UAE, on May 23. This is the first “Start-Up Summit” being held in the UAE by the Consul General of India (CGI) in Dubai and Embassy of India in Abu Dhabi in partnership with iSPIRIT, a nonprofit think tank and supp…
Higher GST on inputs accessories to hit tractor makers
Chennai: The Goods and Services Tax (GST) is likely to hit makers of tractors and ultimately farmers who buy them. The inputs and accessories of a tractor now attract a total tax of 17.5% now (central value added tax (Cenvat) of 12.5% plus state VAT of 5%). About 70% of the inputs that go into [&…
India sets $45 b textiles exports target for FY18
The government has set a target of $45 billion exports from the country’s textile and garment sector in 2017-18, lower than the $48 billion set for the last fiscal which was missed by a huge margin. The country’s overall textiles and garments exports during 2015-16 stood at $40 billion, mainly be…
Are Indian tech start-ups robust enough to run fast with nation’s digital drive?
The digital drive in India has altered the functioning of the industrial sector and put it on a fast track. In today’s cut-throat competition, every small or big company is following the common mantra of ‘Go Digital’ in a bid to make their strong online presence and fetch traction instantly. With…
Amidst the digital push, GST transition may be painful for SMEs
India’s biggest tax reform in history is also set to make its small-to-medium businesses more transparent. On July 1, as India rolls out its landmark national sales tax, businesses that make less than 100 million rupees — which the government refers to as micro, small and medium enterprises…
Tech upgradation: SC/ST enterprises to get 25% credit-linked subsidy
New Delhi: To help micro and small enterprises belonging to Scheduled Castes & Tribes upgrade technology, the government has approved a scheme to provide 25 per cent capital subsidy up to Rs 25 lakh via banks for purchase of plant and machinery. The scheme – Special Credit Linked Capita…
Defence Ministry approves policy to create vibrant defence manufacturing ecosystem with MSMEs
New Delhi: The Defence Ministry on May 20 broadly finalised a much-awaited policy under which select private firms will be roped in to build military platforms like submarines and fighter jets in India in partnership with foreign entities. Seen as a major initiative, the ‘strategic partners…