All startups have now been made eligible to get exemption from the prior experience criteria in public procurement, a benefit that was enjoyed only by micro and small enterprises so far. The department of expenditure has issued a directive to all ministries that all startups — “micro,…
Tag: Narendra Modi
SBI and Oracle India collaborate on Digital Skills Programme
In a first-of-its-kind joint corporate citizenship collaboration, two of India largest organizations, State Bank of India (SBI) and Oracle India have launched the D-Change; programme. The initiative supports Prime Minister Narendra Modi Skill India and Digital India plan and furthers Oracle commi…
Smriti Irani to launch ‘Selfie with Handloom’ campaign to boost textile industry
The newly-appointed Union Textile Minister Smriti Irani is not the one to lie low for long. After having been eased out of the Ministry of Human Resource Development (MHRD) where she had made ripples with such decisions as moves on the New Education Policy (NEP), The Minister is ready to give Ind…
We must focus on research, innovation in technology: Narendra Modi
Prime Minister Narendra Modi on July 31 said that the country needs to focus on research and innovation in the field of technology to fulfill former President APJ Abdul Kalam’s dream. “We can only fulfill Kalam’s dream if the next generation work towards developing technology t…
Start-ups seek easier access to tax benefits
At a meeting with Commerce Minister Nirmala Sitharaman on July 28, a number of start-up enterprises asked for easier access to tax benefits and more incubation facilities, among others. The Minister later told journalists that issues such as government funding and online selling of prescription d…
KVIC to set Khadi stall in Parliament
The Khadi and Village Industries Commission (KVIC) is all set to tap the Members of Parliament to help take Khadi to the nook and corner of the country. Lok Sabha Speaker, Sumitra Mahajan has agreed to a request from the KVIC Chairman, V.K.Saxena, to allocate space to set up a stall within the Pa…
Pharma sector receives Rs 4,975-cr FDI in FY16: Govt
The drugs and pharmaceuticals sector has received Foreign Direct Investment (FDI) of Rs 4,975 crore in 2015-16, parliament was informed. “In the year 2014-15, FDI equity inflow of Rs 9,052 crore and in the year 2015-16, inflow of Rs 4,975 crore have been received in the drugs and pharmaceu…
PM Modi assures assistance for development of coir industry
Prime Minister Narendra Modi assured all possible assistance for the development of coir industry in the country. Appreciating the active participation of stakeholders from coir-producing states, especially Kerala and Tamil Nadu, in the India International Coir Fair 2016, and the efforts of the C…
Only 16 entities granted tax benefits under Start Up India
Six months old Start Up India scheme of Government of India, is moving in a snail’s pace. Of over 700 companies applying under the scheme on Start Up India portal, only 180 were registered. Even out of this minuscule number, only 16 companies have been found eligible for pecuniary benefits …
Tax filing in vernacular language could be the fastest way to achieve PM’s target of 10 crore tax return filers in India
India’s first vernacular app – myITreturn – supports widening of tax base – supports English and 10 Indian languages. Addressing tax officials at the two day Rajasva Gyan Sangam in New Delhi, Prime Minister, Narendra Modi exhorted the importance of growing the tax payer base and gave …