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26Jun By Gauri SinghNo Comments

INDIA

The Helpful Startup Policies From Indian Government

In the recent years, the Narendra Modi led Government of India has been focusing more and more on a wide universe of emerging startups, and for this, the government has been bringing in new programmes and opportunities for bringing out the best in these companies and help them in innovation and nurturing. Several initiatives have been undertaken by the government of our country to support the new entrepreneurship and to foster a culture of innovation among the youngsters which are considered by our Prime Minister as the future of India. With a huge and exceptional statistic advantage, India, in any case, can possibly improve, raise business people and make occupations for the advantage of the country and the world. Recognising the importance of innovative startups and women entrepreneur...

What is Aadhar, Eligibility and Process to Download Aadhar Using Name and DOB

23Jun By PriyankaNo Comments

INDIA

What is Aadhar, Eligibility and Process to Download Aadhar Using Name and DOB

Aadhar Card is a 12 digit unique identification number issued by the UIDAI (Unique Identification Authority of India). The Aadhar card is based on a person’s biometric and demographic data. Aadhar card has become a very crucial document in India and is linked to a wide range of services like bank account, passport, etc and government benefit schemes like LPG subsidy, pension payment, etc. In fact Aadhar card has made life easier as just one card serves as both identification and residential proof. How to get an Aadhar Card The applicant needs to head to their nearest Aadhar Enrolment Centre, fill the form, provide necessary document and information, get his/her biometrics recorded and finally collect the acknowledgement slip. An applicant can check the status of their application o...

22Jun By Lavina TolaniNo Comments

INDIA

Govt to Launch National Skills Portal to tally jobs in India

The government of India is collecting the rise in the number of skilled persons in the country since the launch of its flagship Skill India Programme, in an effort to tally jobs in India. The launch of national skills portal planned by the government is an initiative that will have skilling data from all central ministries, states and corporates. Earlier in January, the cabinet secretary, PK Sinha had conducted review meetings to track the number of skilled personnel bringing all central ministries on board to converge their skilling programmes. Since the launch of Skill India programme in 2015, the government had targeted training over 400 million people in different skills by 2022. However, coming to statistics only 40 million have been trained so far out of which 25 million of ...

21Jun By Gauri SinghNo Comments

INDIA

Shillong Becomes The 100th Smart City Of India

Shillong, known as the ‘Scotland of India’ has been declared as the 100th smart city of India by the Ministry of Housing and Urban Affairs. The city will receive funding under the Smart Cities Mission after proper execution of the proposal submitted by it. This ambitious initiative had been launched by Prime Minister Narendra Modi on June 25, 2015. With this, the number of cities to be developed as smart cities has reached the 100 mark. According to the reports, followed by the selection of Shillong as the smart city, the total proposed investment for all the finally selected 100 smart cities would be around Rs 2,05,018 crores. Under the programme, every city will get Rs 500 crore from the Centre for the implementation of various projects such as strengthening urban infrastructure, r...

Online Shopping to become costlier post Maharashtra Plastic Ban

20Jun By Lavina TolaniNo Comments

INDIA

Online Shopping to become costlier post Maharashtra Plastic Ban

Regular online shoppers might feel a little disappointed as Maharashtra government has banned the use of plastic which might result in a costlier online shopping in coming months. Post the plastic ban, e-commerce industry has come to alert adopting use of corrugated box particles and paper softeners to package products shipped outside as well as inside Maharashtra, which will result into a rise in packaging price thereby elevating the delivery cost. Additionally, some e-sellers have also increased the thickness of cardboard boxes that are more expensive than plastic packing. This is the reason e-commerce companies are planning to charge the extra cost from buyers. Notably, Paper packing costs higher than plastic and thermacoal packing by as much as 50 to 70 per cent. In such a sce...

Govt Won’t Tolerate Misuse of Data to Influence Polls: IT Minister

19Jun By Lavina TolaniNo Comments

INDIA

Govt Won’t Tolerate Misuse of Data to Influence Polls: IT Minister

IT Minister Ravi Shankar has warned social media companies against misusing user's data to influence upcoming 2019 elections, saying that it would no longer be tolerated. Moreover, the government is also looking forward to Justice Srikrishna Committee report on data protection and law. Speaking in the context, Prasad added, “We won’t tolerate misuse of data to influence elections. While the data of Indians has to be protected at any cost, India should also develop itself as a hub for data analysis.” The statement from IT Ministry comes in the wake of Facebook-Cambridge Analytica scandal wherein data of 5.62 lakh Indian users was compromised among 87 Mn global users. Denouncing such misuse of data, the minister vehemently proclaimed, In the wake of the recent data theft from Fa...

18Jun By Gauri SinghNo Comments

INDIA

The President Claims To Make India a $5 Trillion Economy By 2025

The Indian President, Ram Nath Kovind has stated that India is making its best possible efforts to become the world’s third-largest consumer market and an economy of $5 trillion by the year 2025. At present, the economy of India has been estimated at $2.5 trillion. Before announcing this, the President brought in light the investment opportunities in the country. The president arrived in India on Saturday from his visit to Greece on the first leg of his three-nation tour. Kovind is the first Indian president to travel to Greece in 11 years and thus while addressing the people of the country, he claimed that his visit is surely going to strengthen the relationship between India and Greece. Kovind gave a special mention to the overseas Indians that are playing a valuable role in improv...

UP Govt Appeals For Extra 15 Days For Patanjali’s Food Park Project

14Jun By Gauri SinghNo Comments

INDIA

UP Govt Appeals For Extra 15 Days For Patanjali’s Food Park Project

Patanjali Ayurveda Limited had failed to present the fresh documents regarding the sub-leasing of the land assigned to them for a project that aimed to build a mega food park along the Yamuna Expressway. Followed by the event, the government of UP has requested to the Centre in writing, that Patanjali should be given 15 more days to observe and meet the requirements for the proposed Rs 6,000 crore mega food park. the Union Food Processing Ministry had given a deadline to the leading FMCG company till 15 June 2018. The company till then was expected to fulfill the required conditions and get acceptance for setting up the park along the highway. But since the UP Government wants a little more time, Anup Chandra Pandey, Infrastructure and Industrial Development Department Commissioner o...

SEBI sets up Expert Panel to Facilitate Attractive Startups Listing

13Jun By Lavina TolaniNo Comments

INDIA

SEBI sets up Expert Panel to Facilitate Attractive Startups Listing

Market Regulator, The Securities and Exchange Board of India (SEBI) has constituted an expert committee to look into the existing Institutional Trading Platform framework (ITP) to suggest measures that could facilitate the listing of startups. At the same time, SEBI is also examining the possibility of allowing unlisted Indian companies to directly list equity overseas while also allowing foreign companies to list directly on the Indian bourses. In its official statement, SEBI was quoted saying, Considering the evolution and internationalisation of the capital markets, it would be worthwhile to consider facilitating companies incorporated in India to directly list their equity share capital abroad and vice versa. The nine-member panel board will include representatives from the I...

Government Banks’ Losses Crossed Rs 87,000 This Year

11Jun By Gauri SinghNo Comments

INDIA

Government Banks’ Losses Crossed Rs 87,000 This Year

The fiscal 2017-18 showed losses for the public sector banks crossing a tremendous amount of Rs 87,300 crore, with Punjab National Bank on the top with a fraud contaminated amount of nearly Rs 12,283 crore. Our country consists of over 21 public sector banks and among them, only two banks have shown profitability during the financial year 2017-18, namely Indian Bank and Vijaya Bank. Indian Bank showed the highest profit of Rs 1,258.99 crore and on the other hand, Vijaya Bank’s profit was Rs 727.02 crore. The Delhi-based Punjab National Bank is losing its balance under a fraud amounting around Rs 14,000 crore, reportedly being carried out by Nirav Modi and associates, and has shown a net loss of Rs 12,282.82 crore in the previous financial year. The bank had posted a profit of Rs 1,3...

One Stop Guide for Mudra Loan: Introduction, Eligibilty and Procedure

11Jun By Gauri SinghNo Comments

INDIA

One Stop Guide for Mudra Loan: Introduction, Eligibilty and Procedure

Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Honourable Prime Minister of India, Mr Narendra Damodardas Modi on April 8, 2015. If you own a small business and want to have sufficient funds to make your business grow and flourish and need a strong financial backing? Then this scheme may help you grow. The aim of the scheme is to provide loans up to 10 lakh to the micro units that is the non-corporate, non-farm small enterprises who have the potential and ability to grow but lack financial support. Micro-units include all the small organizations, companies and start-ups in India. The Mudra Loan cannot be taken for personal requirements, educational assistance, personal vehicle or by rich businessmen. The most common examination of the micro-units is that they lack ...

RBI hikes Repo rate for first time in 4 years under BJP Regime

6Jun By Lavina TolaniNo Comments

INDIA

RBI hikes Repo rate for first time in 4 years under BJP Regime

India's Apex Bank Reserve Bank of India has raised repo rate for the first time in four years amidst inflation concerns surprising market analysts by keeping its policy stance "neutral". The six-member monetary policy committee of RBI headed by governor Urjit Patel has hiked the repo rate by 25 basis points to 6.25 percent. While the reverse repo rate has been adjusted to 6 percent. Notably, this is a first-time hike in policy rate done by the central bank since Narendra Modi led BJP government has come into office in may 2014. Meanwhile, RBI has allowed 2 percent more SLR (Statutory liquidity ratio) to meet liquidity coverage ratio. In its official statement, RBI said that "it reiterates its commitment to achieving the medium-term target for headline inflation of 4 percent on ...