India pushes state banks to find own funding sources after $32 billion bailout

Twenty-one banks, majority owned by New Delhi, account for more than two-thirds of the banking assets in Asia's third-biggest economy. These lenders also account for close to 90 percent of soured loans in the banking sector. A massive $32 billion bailout package for India’s dominant state-run banks will not happen again and lenders will have to find their own funding…

Government Enlarges Startup Definition, Benefits to now Flow for 7 years

Government enlarges startup definition, benefits to now flow for 7 years eustan

India enlarged the definition of what constitutes a startup to a venture that's as much as seven years old from five now, relaxed the norms for tax benefits and included employment generation potential to give a big push to job creation and entrepreneurship. "These changes are an effort to ensure ease of starting up new businesses to promote the startup…

Transforming India into a Global IT Manufacturing Hub

Information technology (IT) industry has played a key role in putting India on the global map and has over the years emerged as one of the most significant growth contributors for the Indian economy. While the Indian electronics sector has been witnessing a consistent growth in terms of market size, India lags behind in electronics hardware manufacturing capabilities due to…