Category Archives: StartUps

MSME highlights measures taken to Promote agro Based & other Micro Industries

MSME

To promote these micro enterprises in the country, KVIC implements one of the major programme namely Prime Minister’s Employment Generation Programme (PMEGP). PMEGP is a credit linked subsidy scheme, for setting up of new micro-enterprises and to generate employment opportunities in rural as well as urban areas of the country.   General category beneficiaries… Read More

Ministry of Commerce & Industry increases Turnover from 25Cr to100 Cr for Start-ups Registration

Start-Ups

Minister of Commerce and Industry, PiyushGoyal has informed that Department for Promotion of Industry and Internal Trade (DPIIT) vide its notification number G.S.R. 127(E) dated 19thFebruary 2019 has increased the maximum turnover for a firm to be considered as a start-up to Rs. 100 crore from earlier criteria of maximum turnover of Rs. 25 crore.

The Apprentices… Read More

Ministry of Commerce & Industry | Tax Exemption to Start-Ups

Start-Ups

Minister of Commerce and Industry, PiyushGoyal has informed that Startups receiving investments from Ventures Capital Fund are exempt from taxation as per provision of Section 56, (2) (vii b) of Income Tax Act 1961 (Act). Angel Fund is sub category of Ventures Capital Fund under Category-I Alternative Investment Fund (AIF), hence, eligible for the same … Read More

International SME Convention 2019 , 28th – 29th June | MSME Ministry

The Ministry of Micro Small and Medium Enterprises is organizing an international  convention on the theme “Indian MSMEs, Global Aspirations” in New Delhi to observe the International MSME Day tomorrow.  Further, as part of continued celebrations, the second edition of the International SME Convention 2019 will be held from 28th – 29th June .

The… Read More

MSME | Employment provided by Micro, Small and Medium Enterprises

MSME

Shri Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises has informed that Micro, Small and Medium Enterprises are the largest provider of employment after agriculture. As per the 73rdRound of National Sample Survey (NSS) conducted by  National Sample Survey Office, Ministry of Statistics & Programme Implementation during the… Read More

MSME | Govt plans to increase the number of MSMEs in India

MSMEs

Shri Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises has informed that The Ministry of Micro, Small and Medium Enterprisesis striving to increase the number of micro and small industries in the country on a sustainable basis through implementation of various schemes andprogrammes. The Ministry provides better credit facility, … Read More

Ministry of Finance | Current Investment Policy

finance ministry

Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman informed that The Government is constantly taking various initiatives to boost investment in the economy, including economically backward area, which, inter-alia, include; measures to improve ease of doing business, comprehensive reforms in the Foreign Direct Investment … Read More

Finance Ministry | Status on New Banking Licenses

Reserve Bank of India

Reserve Bank of India (RBI) has issued Guidelines for ‘on tap’ Licensing of Universal Banks in the Private Sector, dated August 1, 2016 for granting licenses for universal banks on a continuous basis. RBI’s Second Bi-Monthly Monetary Policy, 2019-20 dated June 6, 2019, has announced RBI’s intention to issue Draft Guidelines for ‘on tap’ Licensing of Small… Read More

CCI | Begins Market Study on E-Commerce in India , findings expected by August end

Competition Commission of India(CCI)

The Competition Commission of India (CCI) is conducting a Market Study on E-commerce in India (‘Study’). In view of the rapid growth of electronic commerce (‘e-commerce’) and the rising importance of online trade in a large number of goods and services in India, the study will allow the CCI to develop a better understanding of the functioning of e-commerce … Read More

DG- Training MoU with Cisco & Accenture | To set up a future-ready employability skilling program for ITI students

DG- Training MoU with Cisco & Accenture

Nearly 15,00,000 students across all the ITIs in India can access the digital learning module via the Bharat Skills portal. Directorate General of Training (DGT), under the aegis of the Ministry of Skill Development and Entrepreneurship, today joined hands with two big private sector companies-Cisco and Accenture, to skill youth for the digital economy,… Read More

Commerce Minister meeting with E-Commerce & Tech Companies

Commerce Minister Holds Meeting With E-Commerce and Tech Companies

Union Minister of Commerce and Industry & Railways, Piyush Goyal, held an extensive consultation with tech industry and e-Commerce companies in New Delhi yesterday. E-Commerce and tech companies across all segments, who have businesses in India and foreign MNCs, participated in the interactive session with Commerce& Industry Minister, Secretary… Read More