The Rise of New Economic Powerhouses: How Emerging States Are Outshining Traditional Hubs   Introduction In recent years, there has been a notable shift in the formation of new companies in India. Smaller states and union territories that were traditionally considered weaker in terms of their economic standing have seen significant gains in incorporating new businesses. On the other hand, major economic centers such as Maharashtra, Delhi, Karnataka, and Telangana have experienced a decline in […]

This Way Out: Why Founders Are Being Shown the Door at Many Startups   Startups have long been known as breeding grounds for innovation and disruption. However, recent trends show many startup founders being ousted from their own companies. This Mint primer aims to explore the reasons behind this trend and its impact on startups. Why was OpenAI’s Sam Altman asked to step down? Sam Altman, one of the founding team members and CEO of […]

Shachindra Nath Proposes New NBFC Category for Micro, Small, and Medium Enterprises   U Gro Capital’s managing director, Shachindra Nath, advocates for the establishment of a distinct category of non-banking financial companies (NBFCs) dedicated to serving micro, small, and medium enterprises (MSMEs). Nath, speaking to Mint, suggests the creation of an NBFC-MSME category, similar to NBFC-MFI and HFC (housing finance companies). Impact of RBI Measures and U Gro Capital’s Partnership with Laghu Udyog Bharati Nath […]

Process for Applying for Dormant Status at ESIC Portal for Newly Incorporated Companies   Introduction In this editorial, we shall discuss the process for applying dormant status for newly incorporated companies with AGILE with ESI Act. Applicability of ESIC The ESI scheme is applicable to all factories and other establishments as defined in the Act with 10 or more persons employed in such establishment. However, the threshold for coverage of establishment is 20 employees in […]

Buying Green Power may become mandatory under the Energy Conservation Act The Indian government is on its way to making the national renewable purchase obligations (RPOs) enforceable under the Energy Conservation Act, which carries heavy penalties for non-compliance. RPOs necessitate obligated entities, including open-access consumers, distribution companies, and captive power producers to buy a minimum amount of renewable energy. While the central Government announces the RPO trajectory for compliance by obligated entities, the State Regulatory […]