This may come as a big surprise to some of you, but a World Bank study says that Patna is ahead of Mumbai when it comes to the ease of starting a business.
According to the World Bank ranking announced on Tuesday, Patna is second only to New Delhi in this regard, but way ahead of Mumbai.
Of the 17 cities that figured in the World Bank and International Finance Corporation’s ‘Doing Business In India 2009′ report. So check out which are the other Indian cities, according to the World Bank, where it is easy to start a business…
Of the 17 cities considered, Patna was ranked 14th, above Chennai, which stood at 15th position, while Kolkata was at the bottom of the list. Mumbai was place 16th, way below many Indian cities.
Starting a business measures the necessary steps to enable a small or medium enterprise in general commercial or industrial activities to operate legally in 17 Indian cities — including permits, inscriptions, notifications and inspections.
The report further said doing business is the easiest in Ludhiana, followed by Hyderabad, Bhubaneswar, Gurgaon, Ahmedabad, New Delhi, Jaipur and Guwahati.
It is easier to pay taxes in Ludhiana, Jaipur and Noida, while it is difficult to do so in Chennai, Kolkata and Patna. The report ranks the cities based on seven parameters - starting a business, dealing with construction permits, registering property, paying taxes, trading across borders, enforcing contracts and closing a business.
Strangely, the World Bank rankings do not take into account the macroeconomic conditions, infrastructure, workforce skills or security.
The report said that it is easier to start and operate business in India than it was three years ago in many large cities of the country.
It said starting a business is the fastest in Mumbai and Noida, while in cost terms, business start-up is least expensive in Patna.
Paying taxes records all taxes and mandatory contributions that a medium-sized company must pay as well as measures the administration burden of paying taxes and contributions.
According to the report, that it is the easiest to export and import goods from Bhubaneswar, while it is most difficult from Gurgaon.
The report also said that compared to economies world wide, cities in India lag most in the ease of closing a business and paying taxes.
In India, where more than 90 per cent of jobs are in the informal sector, regulatory reforms can help businesses operate efficiently in the formal sector, it said.
“Reforms that cut red tape, clarify property rights, and streamline regulatory compliance, can yield big payoff for firms and workers,” World Bank group financial and private sector development acting vice-president Penelope Brook said in a CII function.
(Source: http://www.naachgaana.com/2009/06/30/world-bank-patna-better-than-mumbai-to-start-business/)
Tuesday, June 30, 2009
Saturday, January 10, 2009
IIM Calcutta's B-Plan Competition Results OUT
The grand finale of i2I ’09 (ideas to Implementation), organized by the Entrepreneurship Cell of IIM-Calcutta jointly with Intaglio was conducted with the 9 best business plans being presented to a jury panel. Last year, i2I’ 08 became a springboard for 4 finalists to launch their own firms successfully. This year the event featured business plans across various sectors including IT/ITES, manufacturing, social initiatives, healthcare, alternate technologies, and media. Jury members found all the plans to have good growth opportunities and market potential. At the end, however, 2 business plans – Aksharit (Dhariwal Bros. from Jodhpur) in the field of Toys & Games Industry, and HelloDoctor24X7 (7 doctors, 5 engineers and 5 MBAs from Orissa) in the field of E-health and Telemedicine - were identified that were fundable and VCs have indicated they wish to follow up with them in the future.
The jury panel consisted of eminent personalities like Sharon Bamford, CEO of UK India Business Council; Saurabh Mehta from Indavest Partners; Prof Trevor Newsom from Queens University Belfast; Shoummo Accharya, President TiE Kolkata; Bikram Dasgupta, Founder & CEO of Globsyn Group of Industries; Prof Anjan Raichaudhari; Shradha Sharma, Founder & CEO of Yourstory.in; Vasant Subramanyan, Founder & CEO of Last Peak Data. All the jury members agreed that the quality of preparation of the teams was unparalleled and their plans were very well presented and well researched.
Both Sharon and Saurabh felt that although all the 9 plans were good, these two plans Aksharit and HelloDoctor24x7 are fundable and they would initiate mentoring and the process of negotiations with these two teams.
Canaan Partners, an Investment Partner offered all the 9 teams a chance to further interact and meet them in their office for discussions.
All the teams were extremely pleased with the arrangements and had a special mention for the extremely constructive feedback given by the jury. The comment by one of the teams “we have been to other IIMs but the professionalism with which the event has been handled, it has been truly memorable” really summarized succinctly the whole event.
Regards,
Entrepreneurship Cell
The jury panel consisted of eminent personalities like Sharon Bamford, CEO of UK India Business Council; Saurabh Mehta from Indavest Partners; Prof Trevor Newsom from Queens University Belfast; Shoummo Accharya, President TiE Kolkata; Bikram Dasgupta, Founder & CEO of Globsyn Group of Industries; Prof Anjan Raichaudhari; Shradha Sharma, Founder & CEO of Yourstory.in; Vasant Subramanyan, Founder & CEO of Last Peak Data. All the jury members agreed that the quality of preparation of the teams was unparalleled and their plans were very well presented and well researched.
Both Sharon and Saurabh felt that although all the 9 plans were good, these two plans Aksharit and HelloDoctor24x7 are fundable and they would initiate mentoring and the process of negotiations with these two teams.
Canaan Partners, an Investment Partner offered all the 9 teams a chance to further interact and meet them in their office for discussions.
All the teams were extremely pleased with the arrangements and had a special mention for the extremely constructive feedback given by the jury. The comment by one of the teams “we have been to other IIMs but the professionalism with which the event has been handled, it has been truly memorable” really summarized succinctly the whole event.
Regards,
Entrepreneurship Cell
Wednesday, December 31, 2008
History of Entrepreneurship .. lets see wats on Wiki
The understanding of entrepreneurship owes much to the work of economist Joseph Schumpeter and the Austrian economists such as Ludwig von Mises and Friedrich von Hayek. In Schumpeter (1950), an entrepreneur is a person who is willing and able to convert a new idea or invention into a successful innovation. Entrepreneurship forces "creative destruction" across markets and industries, simultaneously creating new products and business models. In this way, creative destruction is largely responsible for the dynamism of industries and long-run economic growth. Despite Schumpeter's early 20th-century contributions, the traditional microeconomic theory of economics has had little room for entrepreneurs in its theoretical frameworks (instead assuming that resources would find each other through a price system).[2]
Conceptual and theoretic developments in entrepreneurship history. Adapted from Murphy, Liao, & Welsch (2006)
Some notable persons and their works in entrepreneurship history.
For Frank H. Knight (1967) and Peter Drucker (1970) entrepreneurship is about taking risk. The behavior of the entrepreneur reflects a kind of person willing to put his or her career and financial security on the line and take risks in the name of an idea, spending much time as well as capital on an uncertain venture. Knight classified three types of uncertainty.
* Risk, which is measurable statistically (such as the probability of drawing a red colour ball from a jar containing 5 red balls and 5 white balls).
* Ambiguity, which is hard to measure statistically (such as the probability of drawing a red ball from a jar containing 5 red balls but with an unknown number of white balls).
* True Uncertainty or Knightian Uncertainty, which is impossible to estimate or predict statistically (such as the probability of drawing a red ball from a jar whose number of red balls is unknown as well as the number of other coloured balls).
The acts of entrepreneurship is often associated with true uncertainty, particularly when it involves bringing something really novel to the world, whose market never exists. Before the Internet, nobody knew the market for Internet related businesses such as Amazon, Google, YouTube, Yahoo etc. Only after the Internet emerged did people begin to see opportunities and market in that technology. However, even if a market already exists, such as the market for cola drinks (which has been created by Coca Cola), there is no guarantee that a market exists for a particular new player in the cola category. The question is: whether a market exists and if it exists for you.
The place of the disharmony-creating and idiosyncratic entrepreneur in traditional economic theory (which describes many efficiency-based ratios assuming uniform outputs) presents theoretic quandaries. William Baumol has added greatly to this area of economic theory and was recently honored for it at the 2006 annual meeting of the American Economic Association.[2]
Entrepreneurship is widely regarded as an integral player in the business culture of American life, and particularly as an engine for job creation and economic growth. Robert Sobel published The Entrepreneurs: Explorations Within the American Business Tradition in 1974. Zoltan Acs and David B. Audrestch have produced an edited volume surveying Entrepreneurship as an academic field of research in the Handbook of Entrepreneurship Research: An Interdisciplinary Survey and Introduction.
Conceptual and theoretic developments in entrepreneurship history. Adapted from Murphy, Liao, & Welsch (2006)
Some notable persons and their works in entrepreneurship history.
For Frank H. Knight (1967) and Peter Drucker (1970) entrepreneurship is about taking risk. The behavior of the entrepreneur reflects a kind of person willing to put his or her career and financial security on the line and take risks in the name of an idea, spending much time as well as capital on an uncertain venture. Knight classified three types of uncertainty.
* Risk, which is measurable statistically (such as the probability of drawing a red colour ball from a jar containing 5 red balls and 5 white balls).
* Ambiguity, which is hard to measure statistically (such as the probability of drawing a red ball from a jar containing 5 red balls but with an unknown number of white balls).
* True Uncertainty or Knightian Uncertainty, which is impossible to estimate or predict statistically (such as the probability of drawing a red ball from a jar whose number of red balls is unknown as well as the number of other coloured balls).
The acts of entrepreneurship is often associated with true uncertainty, particularly when it involves bringing something really novel to the world, whose market never exists. Before the Internet, nobody knew the market for Internet related businesses such as Amazon, Google, YouTube, Yahoo etc. Only after the Internet emerged did people begin to see opportunities and market in that technology. However, even if a market already exists, such as the market for cola drinks (which has been created by Coca Cola), there is no guarantee that a market exists for a particular new player in the cola category. The question is: whether a market exists and if it exists for you.
The place of the disharmony-creating and idiosyncratic entrepreneur in traditional economic theory (which describes many efficiency-based ratios assuming uniform outputs) presents theoretic quandaries. William Baumol has added greatly to this area of economic theory and was recently honored for it at the 2006 annual meeting of the American Economic Association.[2]
Entrepreneurship is widely regarded as an integral player in the business culture of American life, and particularly as an engine for job creation and economic growth. Robert Sobel published The Entrepreneurs: Explorations Within the American Business Tradition in 1974. Zoltan Acs and David B. Audrestch have produced an edited volume surveying Entrepreneurship as an academic field of research in the Handbook of Entrepreneurship Research: An Interdisciplinary Survey and Introduction.
Wednesday, December 17, 2008
Results for second round
The following teams have qualified for the final round of i2i 09:
North Zone:
Team Checkmate
Empezar Labs
Parichay
East Zone:
HelloDoctor 24x7
vNote
PeerBand
West Zone:
CarboFibre
Arth
CDS-Saakshar
South Zone:
Tecovate
V care
Aksharit
Copngratulations!!! please get in touch with your buddies asap.
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