Start-ups are unlikely to get the benefit of the relaxation clause for the prior experience and turnover criteria with respect to procurement of goods that have implications on public safety and health. “For such procurements, wherever adequate justification exists, the procuring entities may not…
Tag: start-up
Govt to consider 21 start-up tax-relief proposals
In pursuance of its policy to encourage start-ups in areas beyond IT, the government on October 3 to take up proposals for tax relief for 21 companies from diverse sectors such as healthcare, bio-tech, metal castings and animal husbandry. Two proposals for incubators will also be considered by th…
Decoding the Indian fintech start-up sector
Two surveys, by Kalaari Capital and Tracxn, delve deep to check out the strategies, the investments and people that help run these rapidly-growing firms which marry money and software. Source: ET Tech
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Start-ups can take long-term risk with Indian money: Nilekani
Infosys Co-Founder Nandan Nilekani is all for Indian start-ups, saying they have entered an ‘exciting phase’ with focus on India-specific problems and opportunities, and domestic money is fuelling risk appetite. “I am very bullish on the Indian start-up scenario”, the brai…
Will Reliance Jio revolutionise the start-up & SME sector in India?
One has to only log on to Twitter or drive past a Reliance store to get a sense of the excitement generated by the Reliance Jio launch. At one point, it seemed to be the only thing Indians were talking about. The promise of fast, affordable Internet access really seems to have struck a chord with…
Chennai start-up failure rate lower than NCR & Bengaluru
The percentage of start-ups failing in Chennai is lower than in Bengaluru and the national capital region, considered to be the hubs for start-ups. Lakshmi Narayanan, Vice-Chairman of Cognizant, said “the percentage of start-ups funded by the Chennai Angels Network surviving beyond three years wa…
Bihar govt to launch venture capital fund for startups
The Bihar government gave its nod for the launch of a Start-Up venture capital fund which will encourage young entrepreneurs in the state to start new ventures. The approval to the Start Up policy, 2016 was given at a meeting of the cabinet presided over by Chief Minister Nitish Kumar. The Start …
RBI highlights steps for growth of entrepreneurship & reduce start-up mortality
In a bid to make work environment more start-up friendly and ease regulations, the Reserve Bank of India has said that it will soon consult with the Centre and implement the recently announced proposals on start-ups. This includes permitting start-ups to access rupee loans under the External Comm…
DIPP to set credit fund norms for startups
Startups are one step closer to being able to borrow money, with the Department of Industrial Policy & Promotion (DIPP) given charge of framing guidelines for a credit guarantee fund for them. “Earlier, the matter was being dealt with by the department of finance. We have started the wo…
Agri-marketing start-up uses existing retailers to sell veggies
In a unique model that could bridge the huge gap between farm-gate and consumer prices, an agri-marketing start-up, Sabziwala, has started selling pre-packed, pre-weighed and pre-priced vegetables in west Delhi through street vendors, kirana shops and milk stores. The vegetables procured directly…