New Delhi: Putting more money into the hands of consumers this festive season, easier loans to SMEs and expediting disinvestment are among the steps being considered as part of a stimulus package to dig the economy out of its deepest slump in three years, according to officials. Also on the …
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Central Govt readying Rs 996 cr plan for SMEs in bulk drugs
With the pharmaceutical sector struggling to keep pace with international standards, the central government is readying a Rs 996-crore plan to boost small and medium-sized enterprises (SME) units focusing on bulk drug and medical device — two areas where India is heavily import-dependent. As per …
GST benefits MSMEs via competitions
The Goods and Services Tax (GST) is all set to enhance the competitiveness of the almost five crore Micro, Small and Medium Enterprises (MSMEs) that account for 25% of employment, 40% of industrial output and 45% of exports of the country. This, by making them a part of organised commerce and off…
Village Capital launches applications for programme supporting FinTech start-ups in India
Village Capital, a leading venture development organization, has launched applications for its FinTech: India 2017 programme, that will find, train and invest in early-stage fintech companies across India. The programme is being supported by PayPal, a leading digital payments company, and FMO, th…
Japanese firm Spiral Ventures eyes to invest more in India
The firm reached out to the Indian investors to participate on the on-going fund-raise and have even received positive feedback from them.
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Microsoft committed to growth of Indian start-ups
Microsoft India has believes in the Indian start-ups and has assisted more than 4,000 start-ups in India, conducting skill training for 30,000 people along with 26,000 teachers while working with several state governments and non-profit organisations during FY17 in India, as per its India Citizen…
Vodafone launches Ready Start-up Kit to help start-up owners
The Kit would also help the customers to grow with Vodafone Programmatic Marketing by engaging with the customers using targeted, respectful media via SMS, MMS, voice, bill inserts, etc.
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Suresh Prabhu to hold meeting with industry bodies on Sept 26, discuss ways to boost growth
Commerce and Industry Minister Suresh Prabhu will hold a meeting with industry bodies on September 26 to discuss issues pertaining to industrial growth and the interventions required to resolve them, a government official said. Chief Economic Adviser Arvind Subramanian, financial advisers of all …
Investors interested in e-Commerce start-ups, but can’t get started
Bengaluru: In 2014 and 2015, investors rushed to fund dozens of new start-ups that were launched to deliver food, groceries, fashion and other products to Indian shoppers. More than three years later, even though most e-commerce start-ups are struggling, some investors are again looking to f…
Why taking an SME loan makes more sense than liquidating your savings?
Small and medium enterprises (SMEs) in India have witnessed tremendous growth over the last few years. The SME sector accounts for more than 95% of establishments in India and is offering 80% of jobs in the manufacturing sector. Considering the pivotal role which the SME sector is playi…