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Tax exemption for capital gain is a significant step: KS Bhatia

K S Bhatia, CEO, Pumpkart Chandigarh : Pumpkart CEO KS Bhatia has hailed the Administration of UT Chandigarh for announcing various concessions for start-ups, saying that these measures will give a big boost to them and revive the startup ecosystem in the long run. “I personally praise the UT Administration for giving tax exemptions to start-ups. Tax exemption for capital gain is a great step,” said Bhatia in a statement on Sunday, while advising the city administration to allow tax-free property registration. “This will encourage more startups to come and invest in the region. Similarly, seed funding of Rs 50 crore is a good step but it should be increased to Rs 100 crore. Minimum seed funding should be Rs 50 lakh per start-up,” he added. Bhatia, who has set up 150 plus stores of Agri machinery in Karnataka with a grant of two million US dollars from the Government of Karnataka, said that UT Chandigarh also needs Skill Centres along with incubation centers. “The UT Adminis...

Punjab's first NAFED Bazaar comes up in Kapurthala, 50 more outlets planned pan Punjab

Kapurthala :  Kapurthala Deputy Commissioner Deepti Uppal, IAS, inaugurated Punjab 's first NAFED Bazaar store in the city. The outlet has been set up by India 's largest and most premier central government owned agricultural conglomerate - National Agricultural Cooperative Marketing Federation of India (NAFED) in association with Seedstart Retail. NAFED Bazaar's operations will be taken care of by a young and dynamic woman entrepreneur - London based NRI Gurbani Mehta, who’s startup Seedstart Retail is NAFED's channel partner for Punjab .   Gurbani Mehta, MD of Seedstart Retail (Left) showcasing the products to Deepti Uppal, DC, Kapurthala during the inauguration of NAFED Bazaar in Kapurthala The inaugural event was virtually attended by Sanjeev Kumar Chaddha, IFS, MD (NAFED) and K. Siva Prasad, IAS, Principal Secretary of Transport and Local Self Government, Punjab .  “It is heartening indeed that NAFED and Seedstart Retail have come together to initiate NAFED Ba...

NRI woman entrepreneur to enter agri-retail sector in Punjab, set to open 200 outlets in state

Ludhiana, Punjab : Thirty-one-year old woman entrepreneur and Punjabi NRI, Gurbani Kour is all set to start operations of her unique start up 'Seedstart' in Punjab . Gurbani is a dynamic entrepreneur who was born in Jammu , and raised in Punjab and United Kingdom . Presently she is based in London . Gurbani's venture 'Seedstart' is coming up with an innovative concept of enabling farmers to get a fair share of their produce, through 'Seedstart's' retail chain.   "For me, India and particularly Punjab have always been close to my heart. My roots are here in the soil, and even after all these years, my urge to do something in my homeland is as fresh as it was when I was a kid. The initiative is my way of giving something positive back to my parent-state. The  project is under development and the first store is slated to open in November this year. For the first phase, we are opening over 200 retail outlets in Punjab." said Gurbani. Gurb...