Only 16 applicants have been incorporated under the Start Up India programme after April 1 this year making them eligible for tax sops out of which two have already been disallowed, Parliament was informed. A total of 728 applications have been received till July 18, 2016 for Start Up recognition…
Tag: DIPP
DIPP to organise startup festival in Hyderabad in September
The Commerce and Industry Ministry will organise a ‘Startup Fest’ in Hyderabad in September, with a view to showcase innovation and provide a collaboration platform. The Department of Industrial Policy and Promotion (DIPP) has requested Prime Minister Narendra Modi to inaugurate the p…
States making all efforts to fare well on ease of doing business
The second edition of the ranking of states on ease of doing business has triggered a fierce contest that has turned many Chief Ministers into zealous monitors of the real-time scorecard and mounted pressure on the bureaucracy to pip the competition. Chief Secretaries of various states are not le…
‘Startup India’ to be revamped to woo more participants
Five months after its launch by Prime Minister Narendra Modi, the government’s Startup India initiative is due for an overhaul to improve participation. The government recently held a review after fewer-than expected startups applied for recognition and only one made the final cut for the i…
New startups that meet government norms escape tax
New business entities, which meet the government-prescribed definition of ‘startups’, will no longer have to suffer the burden of ‘angel tax’. This will enable them to obtain investments from unregistered venture capital funds or high net worth individuals, without having …
To usher in ‘Acche Din’ for MSMEs, all Schemes should be brought under one umbrella
MSMEs contribute 45% of the total industrial output constituting 40% of the country’s total exports. The sector employ about 60 million people and create 1.3 million jobs every year. No wonder the Government has launched so many initiatives like Mudra Bank, Stand Up India, Start Up India, Pradhan…
Foreign firms to be invited to Startup India anniversary
The government plans to invite prominent international startups to enter India’s growing new economy. The department of industrial policy and promotion will organise a start-up conference next January to coincide with the first anniversary of the StartUp India initiative, according to an official…
Telangana wants to be the next start-up hub
Pitching as a new start-up haven, India’s youngest state Telangana has been trying to emerge as a base for budding companies in the country. Looking to keep the momentum alive on generating home-grown entrepreneurs, the government is planning an event similar to Prime Minister Narendra Modi…
Trade Facilitation Agreement envisages faster clearances & transparency in trade process | Nirmala Sitharaman
The MoS for Commerce & Industry, Nirmala Sitharaman said that Trade Facilitation Agreement (TFA) envisages faster clearances and reduction of red tapism at the borders and would thereby help in the ease of doing business. She said that ratification of the TFA is bound to change the Indian tra…
Government seeks industry’s views to improve ease of doing business
The government is seeking feedback from industry on the hurdles they face when dealing with regulatory bodies, a move aimed at making it easier to do business in the country. “We are working towards improving our rankings on the World Bank’s ease of doing business index, and also taki…