Six months old Start Up India scheme of Government of India, is moving in a snail’s pace. Of over 700 companies applying under the scheme on Start Up India portal, only 180 were registered. Even out of this minuscule number, only 16 companies have been found eligible for pecuniary benefits …
Tag: Start-Up India
Among MSMEs, services sector outpaces manufacturing
CRISIL’s analysis of the performance of 4,000 Micro, Small, and Medium Enterprises (MSMEs) between FY 2013 and FY 2015 shows the growth of the services sector handily outpacing the manufacturing sector. While the services sector grew at a Compound Annual Growth Rate (CAGR) of 20 per cent, d…
DIPP to handhold startups, put them in touch with government
In a conversation a few months ago, Petroleum Minister Dharmendra Pradhan sought commerce Minister Nirmala Sitharaman’s help in collecting used oil at an industrial scale, which can be recycled and put to use again. The trend of recycling used oil from restaurants and homes that can be recy…
Gujarat unveils new policy to pep up IT start-ups in 5 years
As part of Prime Minister Narendra Modi’s “Make in India” and “Start-up India” moves, Gujarat Chief Minister Anandiben Patel, on June 5, announced her government’s new policy for promotion of information technology (IT) and electronic start-ups, envisaging setting up of 50 incubators to provide l…
30 Innovation-led start-ups felicitated under DST-Lockheed Martin IIGP
NEW DELHI, 3 June 2016: Thirty innovation-led start-ups were recognized and felicitated 3 June 2016 under the 10th year of the DST-Lockheed Martin India Innovation Growth Programme. The innovation awards were given away by Amitabh Kant, Chief Executive Officer, NITI Aayog. With the current gove…
Domestic e-Commerce market may grow to $102 billion by 2020
The domestic e-Commerce (B2C) market could grow to almost $102 billion by 2020 from $16 billion in 2015, according to the latest report by the Confederation of Indian Industry (CII) and consultancy firm Deloitte. The number of online shoppers could rise to 220 million by 2020 from 39 million in 2…
Gujarat e-commerce entry tax will pose challenges | Nasscom
The bill by Gujarat government to levy entry tax on interstate e-commerce transactions will pose significant commercial challenges to all stakeholders, industry body Nasscom said on April 14. “This levy of entry tax poses significant challenges both commercially and operationally for the e…
Startup India initiative to get a rural avatar
The government’s Startup India campaign aimed at boosting entrepreneurship will get a rural avatar in the soon-to-be-launched Deen Dayal Upadhyay Swaniyojan Yojana The programme being designed by the rural development ministry will be backed by MUDRA Bank loans, innovative credit linkages a…
PM Modi to launch Stand Up India programme in April
After the launch of the Start Up India programme, the government is now gearing up for Stand Up India, which mandates each bank branch to provide one loan to a Dalit or a borrower categorised as scheduled tribe or scheduled caste, and the other to a woman entrepreneur. While the scheme is already…
Budget will boost many sectors in Goa | CM
Stating that the Union Budget would be win-win situation for Goa, Chief Minister Laxmikant Parsekar on February 29 said that each village panchayat in the state will get Rs 80 lakh, while each Municipal Council will get Rs 21 crore from the Central Government in the coming financial year. Stating…