Policy

Karnataka’s new startup policy to reimburse service tax

Janaki Shantharam, Founder of tech-enabled placement services firm Dexter Talent Labs in Bengaluru, is happy that Karnataka, under its startup policy, reimburses service tax paid by emerging companies. She paid service tax last year but has been trying to figure how to get it reimbursed from the …

New medical device rules to be notified at the earliest

New Delhi, 12 July 2016: The Prime Minister’s Office (PMO) convened a meeting on promoting Make in India in the Medical devices sector in India on Monday. Office bearers of the top industry associations in medical device industry including FICCI, Association of Indian Medical Device Manufacturers…

Startups aren’t celebrating Procurement Policy yet

Though the government’s Procurement Policy, which reserves a percentage (20%) of its procurement as the portion to be fulfilled from small enterprises, effectively opened up to startups under the Startup India Action Plan, there still needs to be a lot done on the ground before startups can…

Industry hopes Textile Policy will create more jobs, boost exports

The new Textile Policy announced by the government is expected to give a major fillip to the debt-ridden textile industry which has been reeling under rising cost and falling exports. Rahul Mehta, President, Clothing Manufacturers Association of India, said the policy has removed some of the majo…

MSME Ministry approves revised guidelines of IC Scheme

The Ministry of Micro, Small and Medium Enterprises (MSME) has approved the revised guidelines of International Cooperation (IC) Scheme and it would be effective with immediate effect. “…in order to make IC Scheme more effective and beneficiary oriented, the guidelines have further been reviewed …

Gujarat govt unveils Purchase Policy with focus on SMEs

With an aim to promote micro and small-scale industries, industries started by educated unemployed and institutes governed by Khadi Gramodhyog Board and to ensure quality products at reasonable rates for government departments, the Gujarat government has declared its Purchase Policy 2016, said an…

Policy changes to bring more startups in medium industry

The government is considering policy changes to broaden and energise one of PM Narendra Modi’s pet initiatives, Startup India, to include a bigger number of startups under the ‘medium industry’ category that would be eligible for public procurement incentive and preferential ben…

Gujarat unveils new policy to pep up IT start-ups in 5 years

As part of Prime Minister Narendra Modi’s “Make in India” and “Start-up India” moves, Gujarat Chief Minister Anandiben Patel, on June 5, announced her government’s new policy for promotion of information technology (IT) and electronic start-ups, envisaging setting up of 50 incubators to provide l…