New Act to give preferential treatment to goods by MSMEs, while new scheme to provide seed fund of upto Rs 2 lakh to small traders & entrepreneurs
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Tag: SME News
GST triggers consolidation in warehousing industry
New Delhi: A wave of consolidation is sweeping over the Rs 50,000-crore warehousing industry, thanks to the goods and services tax (GST). The rollout of the tax reform measure could reduce total number of warehouses in the country by at least 40% in the coming months, top industry executives said…
Online lending start-up KNAB Finance raises funds from InCred, others
KNAB Finance Advisors Pvt. Ltd, a fin-tech firm that provides unsecured working capital loans to small and medium-sized enterprises (SMEs), has raised a little over Rs 2.5 crore in two funding rounds. Non-banking financial company (NBFC) InCred, and over a dozen individual investors including Min…
Hyderabad-based start-up CloudBoost to represent India at MassChallenge & Parallel18
CloudBoost.io, a Hyderabad-based startup has been invited to participate in MassChallenge and Parallel18, representing India on the global platform at two of the leading startup accelerators in the world. CloudBoost builds a cloud platform that lets software developers build apps in half less tim…
10k healthcare specialists to benefit from Care24 training programme
Mumbai-based healthcare startup, Care24 plans to train 10,000 healthcare attendants by the end of 2017. The training will be conducted under the Skill India programme started by the government. According to a release, attendants will be trained for specialised treatments such cancer care and neur…
Cabinet approves MoU between India and Sweden on IPRs cooperation
The Union Cabinet chaired by Prime Minister, Narendra Modi has approved the Memorandum of Understanding (MoU) between India and Sweden on cooperation in the field of Intellectual Property Rights (IPRs). The MoU establishes a wide ranging and flexible mechanism through which both countries can exc…
Alibaba to hand-hold Indian SMEs for global market expansion
Global trading giant will unleash SME potential by leveraging technology & e-Commerce
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More than 200 start-up entrepreneurs to meet PM Modi
The country’s think-tank Niti Aayog is organising an event on August 17, for more than 200 start-up entrepreneurs and Chief Executives who have excelled successfully in their businesses, to interact with the Prime Minister. The Prime Minister will listen to their views regarding many issues…
Govt extends tax break for industry in hilly states till 2027
Industries in the north eastern and Himalayan states will continue to get tax exemption till March 2027, albeit as refund, under the current GST regime which was rolled out on July 1, Finance Minister Arun Jaitley said. “Within the framework of the GST Act each industry will be entitled…
Sistema to set-up Indian subsidiary to tap nation’s start-up ecosystem
Start-ups that sign up for the Scalerator programme may also qualify for financing from the Sistema Asia Fund
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