Startup India policy will in a way help Indian firms find easier to commercialise channels globally but these businesses need lot of hand holding and funding. Government should lower administrative and regulatory barriers, says an expert Israeli startup hubs builder. According to Tal Catran, who …
Tag: Narendra Modi’s
GST Rollout: How GST will affect businesses that don’t pay tax
Rakesh Sachdeva sells auto parts in a busy market in central Delhi, just a few miles from Prime Minister Narendra Modi’s office. Yet despite having a flourishing business he does not pay any tax. Until now, his rundown premises and small scale operation has kept the business below the radar of In…
What the ‘future of business survey’ reveals about SMEs in digital India
Three years into Prime Minister Narendra Modi’s term, one clear sign of the acchhe din we were promised is that the Indian economy is expected to emerge as one of the leading economies in the world and is geared to reach $5 trillion by 2025. One of the key drivers of this socio-economic gro…
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…
Small businesses suffer as India’s bruised banks sit on deposits
Businessman Vineet Pandey has 500 housekeepers, security guards, electricians and plumbers on his books, servicing offices in India’s booming financial metropolis Mumbai. He would love to hire more to keep up with demand, but cannot get a bank loan. Pandey, 36, recently had to turn away an …
Kalraj Mishra launches MyKassia app & Kannada MSME Data Bank
Giving a further push to Digital India initiative, Union MSME Minister Kalraj Mishra launched MyKassia mobile app and MSME Data Bank (Kannada) at an event organised by Karnataka Small Scale Industries Association (KASSIA) at Bengaluru on May 16. The launched data bank features various outlooks of…
Industry leaders to meet Defence Minister & discuss policy to transform MSMEs in sector
Ahead of the Defence Acquisition Council (DAC) meeting next May 15, industry representatives are meeting the Defence Minister Arun Jaitley on May 11 to discuss issues related to the delay in government’s Strategic Partnership (SP) for defence. The SP policy was to be part of the amended Defence P…
FM meets Japanese businessmen, pushes to step up investments for ‘Make in India’
Finance Minister Arun Jaitley on May 9 invited Japanese businessmen including Suzuki Motor Corp Chief Osamu Suzuki to participate in the “Make in India” initiative and step up investments in the country. Indian leaders have been actively engaged with their Japanese counterparts in the past few ye…
Make in India in defence: First private sector small arms manufacturing plant inaugurated in MP
India’s first private sector small arms manufacturing plant has been inaugurated which will supply world class weapons to the armed forces in sync with the country’s defence indigenisation programme. The plant, a joint venture between India’s Punj Lloyd and Israel Weapon Systems, will produce fou…
Bamboo Summit: बांस उद्योग की सहायता से दक्षिण-पूर्व एशिया का व्यापार केंद्र बनेगा असम
असम के मुख्यमंत्री सर्वानंद सोनेवाल ने ग्रीन गोल्ड बम्बू समिट में राज्य के बांस उद्योग में निवेशकों को आकर्षित करने के लिए कई वादे किये। उन्होंने उन उद्यमियों को व्यापार में हर संभव मदद देने के लिए कहा, जो राज्य अर्थव्यवस्था विशेष रूप से ग्रामीण अर्थव्यवस्था को बल देने के उद्देश्य से निवेश करना च…