Prime Minister Narendra Modi’s demonetisation push has suddenly thrown the spotlight on India’s growing fintech sector and startups in that space including Paytm. Barclays Bank has created ‘Rise Accelerator‘ in Mumbai to focus on the sector and solve their problems. Excerp…
Tag: Narendra Modi’s
Modi’s ‘Make in India’ initiative comes good at Aero India show
Bengaluru: Several global defence firms have signed up with local Indian companies during the ongoing Aero India show to expand, manufacture locally and encourage Prime Minister Narendra Modi’s “Make in India” initiative. Defence firm Aequs Private Ltd said that it will open a multi-capability ae…
Budget 2017: Start-up India hopes for tax cut, fresh funds and foreign investments
Union Budget 2017 is due on February 1. This will be the third budget to be presented by the Prime Minister Narendra Modi’s government and it won’t be easy. The budget 2017 will not only be unique for its preponement from the usual month of March and clubbing with Railway budget, but will also ha…
Demonetisation: 35% jobs losses in first 34 days, SMEs worst hit
Cash-ban a boon or bane? – To many it may seem like a bold move by a confident Prime Minister, but to others, it spelt nothing but doom. A study by the All India Manufacturers’ Organisation (AIMO) reveals that micro-small scale industries suffered 35 per cent jobs losses and a 50 per cent d…
Lodha Developers floats maiden fund for start-up investments
Lodha Developers Pvt. Ltd, the country’s largest real estate developer in terms of sales, has launched its maiden investment fund for start-ups focused on smart city solutions and the overall real estate sector, it said in a statement on January 4. With an initial investment corpus of Rs 50 crore…
MSME initiatives need private sector support: Kalraj Mishra
The Micro, Medium and Small Enterprises sector has seen a flurry of initiatives launched by the Government of India over the last year. Union Minister for Micro, Small and Medium Enterprises Kalraj Mishra speaks on the success of these measures so far and his vision for the New Year. Q: What were…
Start-ups likely to get tax benefits in Union Budget 2017
New Delhi: Prime Minister Narendra Modi’s key Start-up India programme may get a boost in the upcoming budget with the industry department drawing up a list of tax concessions on employee stock options, unlisted securities and convertible instruments. The union budget is expected to be announced …
National MSME Policy to be unveiled soon
A much-anticipated national policy was soon to be finalised by a one-man panel consisting of former Cabinet Secretary Prabhat Kumar to usher in ‘ease of doing business,’ a change in the definition of medium, small and micro enterprises (MSME), flexible credit norms as well as labour laws. For, th…
Demonetisation: India’s stone cutting SMEs hit, global diamond business loses sheen
The global diamond industry is facing disruption that could stretch through the first few months of next year, including Valentine’s Day in February, as a result of Prime Minister Narendra Modi’s radical move to abolish most of the nation’s cash overnight. In Surat, craftsmen us…
Demonetisation crisis is stalling SMEs & sending workers home
Over the past two years, this suburb of New Delhi mushroomed into a flourishing enclave of small cellphone manufacturers, attracting tens of thousands of workers from the countryside. Noida, known as the “handset hub,” was touted as a showcase for Prime Minister Narendra Modi’s pet “Make in India…