The Union Cabinet, chaired by PM Narendra Modi, approved the establishment of the “Fund of Funds for Startups” (FFS) by the Small Industries Development Bank of India (SIDBI) in June 2016. This fund was sanctioned for contribution to various Alternative Investment Funds (AIF) registered with the …
Tag: Start-Up India Action Plan
First call soon for Indian version of ‘Shark Tank’
New Delhi: It is time for start-ups scouting for investors to tighten their seat-belts. The first call for applications for participation in the great Indian reality show designed specially for them could happen as early as next month. “A decision has been taken on allowing at least 50 start-ups …
Tax planning for start-ups in India in 2017-18
In the last few years, government is encouraging the start-up businesses by announcing various incentives and tax exemptions. The taxation policies of the government have also witnessed lot of changes. The Govt launched the Start-up India Action plan to boost the start-up culture and encourage en…
Digital tech firm TO THE NEW to build marketplace for start-ups & VCs; Beats EY & KPMG
Bengaluru: Noida-based digital technology firm TO THE NEW has bagged a deal to become the technology partner of the government’s Startup India Hub, beating biggies such as EY and KPMG. TO THE NEW is building a mobile app and a web portal for Startup India Hub that will function as a marketp…
Government plans first start-up district with incubators
NEW DELHI: India will soon have its first start-up district with incubation centres and about 20 tinkering labs for schools aimed at encouraging the creation of innovative solutions in agriculture, health and education. Commerce & Industry Minister Nirmala Sitharaman, who is a Rajya Sabha MP …
Govt planning to overhaul Rs 10k cr start-up fund
The department of industrial policy and promotion (DIPP) is set to overhaul its Rs10,000 crore start-up funding scheme by allowing venture capital (VC) funds to invest half of the corpus in start-ups and the rest of it in firms at a more mature stage to reduce capital risk. The VC funds that mana…
Demonetisation has already affected the SMEs : Carnegie India
Carnegie India is a public policy think tank organization which was launched in April 2016. It is the sixth international center of the Carnegie Endowment for International Peace, Washington DC. The center’s research and programmatic focus includes the political & economic reforms in India, p…
Startup action plan has generated buzz among entrepreneurs| Nirmala Sitharaman
The startup action plan has generated a “buzz” among budding entrepreneurs and several of them have been able to successfully attract funds from angel and other investors, Commerce and Industry Minister Nirmala Sitharaman said. “A lot of startups are approaching us (after the an…
Official Start-Up web portal to be launched
Government will launch a portal for startups by next week and begin the registration process with a view to encourage budding entrepreneurs and promote ease of doing business, a top official said on March 5. Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek sai…
IT only a small part of start-ups| PM | Mann ki baat
Prime Minister Narendra Modi on January 31 said the notion that start-ups are only related to IT has been broken by the Start-Up India programme. Delivering his ” Mann Ki Baat” radio address, Modi said Information Technology was only a small part of start-ups. “It is the common …