A recent survey stated that eCommerce business in India is set to grow at a rate of 40% per annum. With the increasing reach of the internet, the growing popularity of online shopping among consumers, and the low cost of maintaining an online site, eCommerce business is gaining a lot of significance for new entrepreneurs looking […]
A Producer Company (PC) is a relatively new legal entity that includes only certain categories of persons viz., agricultural produce, forest produce, artisan products, or any other local produce, where the members are primary producers. It is as a legal entity was enacted in 2003 as per section IX-A of […]
Non-banking Indian Finance Sector is governed by NIDHI Rules and recognized under Companies Act, 2013 and regulated by Ministry of Corporate Affairs. These NIDHI companies work on the principal of ‘Paraspara Sahayta’ generally borrowing and lending money to its members. Most of the NIDHI companies (80 %) are established in Tamil Nadu. Moreover, Reserve Bank of […]
‘Make in India’ is the slogan for uplifting the economy of the nation. MSMEs have proved to be a great source of revenue for the Indian government. In the recent past, MSME has significantly developed and it has created a culture of entrepreneurship. These enterprises provide a variety of products and services to meet domestic […]
A Sole proprietorship firm is a business which is owned, managed and controlled by a single person. It is one of the most common forms of business in India, utilized by small businesses operating in the unorganized sectors. Proprietorship firms are very easy to start and have minimum regulatory compliance requirement […]
Indian economy is an agrarian economy. Around two-thirds of our population depends on agriculture for their livelihood. But, the farmers and primary producers in India have had a long struggle, given the competition from global markets, low-profit prices etc. To address these issues, the Government set up an expert committee, led by an economist, […]
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