Start-up entrepreneurs from India and the UK would assemble on the banks of the Thames in London in the spring of 2017 for the first such international fest organised by the government. As part of its ambitious Start-Up India Action Plan, the Prime Minister Narendra Modi-led government plans to h…
Tag: Narendra Modi
Govt relaxes cash withdrawal norms, move may help SMEs
The government relaxed cash withdrawal norms in a bid to help small businesses and the rural poor, but a bank holiday in 18 states and empty ATMs piled more misery on the people from last week’s surprise ban on high-value banknotes. Throwing a lifeline to millions of traders crippled by a cash cr…
Modi calls for greater participation for Japanese industries; MSMEs to benefit
Prime Minister Narendra Modi on November 12 called for greater participation and engagement of Japanese industries, saying it will benefit Japan and India’s Micro, Small and Medium Enterprises (MSME) sector for which it could prove “transformational”. Modi recalled his association with Hyogo Pref…
Paytm, Freecharge launch ‘Wallet on Delivery’ to counter COD
In a move that may end the era of cash on delivery (CoD) forever, mobile wallets Paytm and Freecharge today launched ‘Wallet on Delivery’ (WoD), which will allow users to pay on delivery by using their e-wallet. Paytm in an official tweet said: “Goodbye, COD. We’re working with our co…
Artisans too being made part of Khadi success story: MSME MoS Giriraj Singh
Promoted aggressively by Prime Minister Narendra Modi himself, Khadi is set to touch dizzying heights. Khadi and Village Industries Commission (KVIC) , the nodal agency for promoting Khadi expects to cross its sales target of Rs 5,000 crore by the end of the current fiscal. A Long Way To Go KVIC …
Currency Ban Impact | Paytm & others jump over the idea, markets affected
New Delhi: While citizens across the country went into a panic mode with the government demonetising Rs 500 and Rs 1000 notes, various quick-thinking brands tried to encash the opportunity and rolled out offers luring people to use plastic money even as popular markets such as Khan Market and Con…
Currency Ban Impact | PM’s move likely to boost e-commerce
All top e-commerce companies including Snapdeal and Jabong worked overnight conceptualising upon multiple offers to ensure that customers chose pre-paid options over cash on delivery for new orders placed, as they were forced to stop accepting Rs 500 – Rs 1000 notes, starting November 9. In…
Why SMEs co-operation between India & UK is need of the hour?
Great Britain’s Prime Minister Theresa May’s much hyped 3 day visit to India is likely to be most watched for SMEs from both sides. As expected, India and the UK inked two MoUs on increasing cooperation in fields of intellectual property rights (IPRs) and ease of doing business. The priority ini…
UK to invest £160 mn in 75 start-up enterprises
British Prime Minister Theresa May announced that the UK will invest 160 million pound (about Rs 1,330 crore) across 75 start-up enterprises that will help generate new jobs. She also announced an additional 20 million pound for a Start-Up India Venture Capital Fund. The fund will support 30 ente…
Start-ups can raise $3 mn via ECBs annually: RBI
The Reserve Bank permitted startups to raise External Commercial Borrowings (ECBs) of up to USD 3 million in a financial year, a move aimed at boosting innovation and promoting job creation. The borrowing should be denominated in any freely convertible currency or in Indian Rupees (INR) or a comb…