The government has extended tax benefits to 67 startups so far with a view to promoting budding entrepreneurs in the country, Minister of State for Commerce & Industry C R Chaudhary said. In January 2016, Prime Minister Narendra Modi had unveiled a slew of incentives to boost …
Tag: Ramesh Abhishek
Start-ups complain to Centre: ‘PSUs not following public procurement guidelines’
The central government is flooded with complaints from start-up firms stating that the Central public sector companies are not following the public procurement guidelines that exempt them from the requirement of “prior turnover and prior experience”. On May 17, 2017, Ramesh Abhishek, secretary, D…
Startup India Hub crosses 1600 registrations within a month
The newly shaped-up Startup India Hub has attracted as many 1600 plus registrations within a month of its launch, according to an official tweet from the Startup India Twitter handle. The Startup India Hub was launched on June 19, 2017 by Commerce and Industry Minister Nirmala Sitharaman alongwit…
Cabinet may give nod to Rs 2k cr Credit Guarantee Fund in July
The proposed credit guarantee fund that will help startups get collateral-free loans is likely to get the cabinet nod in July. The fund, with a total corpus of Rs 2,000 crore, was announced in January 2016 by Prime Minister Narendra Modi to enable greater financial support for startups. “We…
घरेलू विनिर्माण को मिलेगी प्राथमिकता: डीआईपीपी, सेक्रेटरी, रमेश अभिषेक
डिपार्टमेंट आफ इंडस्ट्रियल पॅालिसी एंड प्रमोशन (डीआईपीपी) सेक्रेटरी रमेश अभिषेक ने कहा है कि सरकार सार्वजनिक खरीद (पब्लिक प्रोक्योरमेंट) में घरेलू विनिर्माण को प्राथमिकता देने के प्रस्ताव पर विचार कर रही है। औद्योगिक संघठन सीआईआई के वार्षिक सत्र में अभिषेक ने कहा कि मैनयूफेक्चरिंग सेक्टर को सशक्त…
Wings to tech start-ups: NASSCOM brings back INNOTREK; A chance to go to Silicon Valley
Aiming to bridge India’s Start-up Success dream, National Association of Software and Services Companies’ (NASSCOM) 10,000 Startups program is all set to give wings to select innovators and entrepreneurs from the country, giving them a chance to explore new opportunities. For the 4th consecutive …
Shift in plan: Make in India to focus only on few key sectors
Facing flak for attracting less-than-expected foreign investment in manufacturing sectors under the Make in India campaign, the Department of Industrial Policy and Promotion (DIPP) has now decided to focus on a few key sectors, instead of all 25 that were included in the scheme. Launched in Septe…
DIPP plans to launch ‘Virtual Start-up Hub’ to bring start-up community together
A single website which answers all your questions on starting a business, traverses the labyrinth of government websites on your behalf to cull out relevant information, shares relevant news, and even connects you to incubators, mentors or investors is what the Virtual Startup Hub aspires to be. …
Changing rules that force start-ups to move abroad: Secy
New Delhi: The government today said it is making changes in the regulations that force startups to incorporate their units abroad. “We are changing regulations that are forcing startups to incorporate abroad. Some changes have been made and the rest should be done this year,” Secreta…
Why the newly tweaked Rs 10k cr start-up fund will be a game changer for Indian entrepreneurship
The Indian startup story began over a decade and half back with the likes of Naukri.com. MakeMytrip, Shaadi, Baazee being “backed” by venture capital (VC), a new type of financing product. VC did not take collateral like debt financing did, instead it bought equity in very young but h…