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15Mar By PriyankaNo Comments

INDIA

Xiaomi To Set Up Two Manufacturing Plants in India

New Delhi, Mar.14 (ANI): Chinese smartphone maker Xiaomi has planned to set up two manufacturing plants in India and the company would be launching more devices in 2016. The president of Xiaomi has said he would be spending a lot of time in India analysing the market. "We believe it (China) will be a flat market, if not, even decline," said Bin Lin, co-founder and president at Xiaomi. "We talked to Foxconn about opening two new factories, they are in discussions with some of the provinces (states)," the 48-year-old former Microsoft and Google executive added. Headquartered in Beijing, China, Xiaomi is the world's fourth largest smartphone maker. Xiaomi designs, develops, and sells smartphones, mobile apps, and related consumer electronics. займ на карточку срочнокак взять быстрый зай...

10Mar By AdityaNo Comments

INDIA

Indian Employers Can File One Paper For EPF, ESI returns

Taking another step towards ease of doing business, the Centre will on Thursday launch a common registration facility on e-biz portal enabling employers to avoid filing separate Employees' Provident Fund (EPF) and Employees' State Insurance (ESI) returns. The Labour Ministry has decided to integrate the registration process under five Labour Acts with the e-biz portal of the Department of Industrial Policy & Promotion (DIPP). The five acts covered in this process include Employees' Provident Funds and Miscellaneous Provisions Act, 1952, Employees' State Insurance Act, 1948, Contract Labour (Regulation & Abolition) Act, 1970 and Building and Other Construction workers (Regulation of Employment & Conditions of Service) Act, 1996. A unified 'ShramSuvidha Portal', launched on October ...

4Mar By Press Trust of IndiaNo Comments

INDIA

Indian Government To Launch Web Portal For Startups By Next Week

NEW DELHI: Government will launch a portal for startups by next week and begin the registration process with a view to encourage budding entrepreneurs and promote ease of doing business, a top official said today. Secretary in the Department of Industrial Policy and Promotion (DIPP) Ramesh Abhishek said that 'Start-up India' is an important initiative and steps have already been taken to implement the action plan announced by the government. Recently, DIPP has issued the definition of startups and is also making it easier for them to file intellectual property rights (IPR), he said. "In another week's time, we are going to start the startup portal and the process of registration of also," he said here at a Ficci function. "We are also working with state governments to ensur...

29Feb By AnkitaNo Comments

INDIA

Stand Up India Scheme Allocates Rs.500 Crore For SC ST and Women

New Delhi, Feb.29: Sharing his nine pillars for what he called a transformational budget for fiscal 2016-17, Finance Minister Arun Jaitley on Monday announced that under the Stand-Up India scheme, a sum of Rs.500 crores has been allocated to people belonging to the Scheduled Castes and Scheduled Tribes (SC and ST) and women entrepreneurs. The Startup India campaign is based on an action plan aimed at promoting bank financing for start-up ventures to boost entrepreneurship and encourage start-ups with jobs creation. The campaign was first announced by Prime Minister Narendra Modi in this year's August 15 Independence Day address to the nation. The campaign is focused on restricting the role of states in the policy domain and to get rid of the so-called "license raj", besides other ...

28Feb By AdityaNo Comments

INDIA

Indian Government Allows Third Party Certification For Ease of Doing Business

New Delhi: A Department of Industrial Policy and Promotion (DIPP) committee has advised credible third party certification in most areas of government regulation to further facilitate ease of doing business in the country. The committee, which was headed by former DIPP secretary Ajay Shankar realeased a full page report and said once government allows third party certification, multiple players could emerge within a year’s time. As a deterrent, however, the committee suggested that some percentage of such certification should be subjected to random audit with stiff penalties leading up to even withdrawal of accreditation for laxity. The committee was set up in April 2015 to examine the possibility of replacing multiple prior permissions with pre-existing regulatory mechanism and to p...

18Feb By Press Trust of IndiaNo Comments

INDIA

‘Make in India Week’ gets Rs 15.2 lakh crore investment commitments

MUMBAI: The week-long Make in India event here has secured investment commitments worth Rs 15.2 lakh crore, with host state Maharashtra alone accounting for Rs 8 lakh crore. Besides, it received investment enquiries worth Rs 1.5 lakh crore. "The multi-sectoral Make in India Week has been a great success. We've managed to get investment commitments to the tune of over Rs 15.2 lakh crore from the event," DIPP Secretary Amitabh Kant told reporters at the closing press meet at the MMRDA Grounds here today. He is hopeful that the summit will create a favourable environment for investors from across the world. Out of the total investment commitments, the host state made up for more than half, at Rs 8 lakh crore, Kant said, adding that Maharashtra could become the gateway for the rest of ...

15Feb By Press Trust of IndiaNo Comments

INDIA

Relocate Your Manufacturing Base to India: Amitabh Kant Tells Japan

MUMBAI: Japanese companies should relocate their manufacturing base to India as this is the "only way" to strengthen bilateral partnership between the two countries, DIPP Secretary Amitabh Kant said today. "You (Japanese companies) have to relocate your manufacturing base into India... This is the only way you can strengthen Japan's and Indian partnership for the future," the Department of Industrial Policy and Promotion Secretary said at the Make in India Week. At a special session in the presence of Prime Minister Shinzo Abe's advisor, Kant said Japan is an advanced nation and it is too expensive to do manufacturing there. "You've to capture India and you've to capture the world and the only way you can do it is if you manufacture here," Kant, the CEO-designate of government thi...

ISRO Developed 1st Satellite-based Warning System For Unmanned Railway Crossings

6Feb By AdityaNo Comments

INDIA

ISRO Developed 1st Satellite-based Warning System For Unmanned Railway Crossings

The first trial run for developing a satellite-based system to warn train drivers on unmanned railway crossings was conducted by ISRO scientists in Ahmedabad recently. Scientists at the city-based Space Applications Centre (SAC) are now in the process of commercially developing this system that will be fitted on 50 different trains across the country as a second part of the demonstration project. Of around 30,000 level crossings of the Railways, as many as 11,000 are unmanned. “An estimated 7,000 people die every year at these unmanned crossings in the country. We have successfully conducted the first test-drive in Ahmedabad for developing a satellite-controlled warning system for the Indian Railways that will alert the train driver well in advance about an approaching unmanned level cr...

Reduce The Size of The ‘Government’, But Do Not Compromise on the ‘Governance’- Nirmala Sitharaman at SRCC Business Conclave

3Feb By NitishNo Comments

INDIA

Reduce The Size of The ‘Government’, But Do Not Compromise on the ‘Governance’- Nirmala Sitharaman at SRCC Business Conclave

New Delhi- SRCC Business Conclave 2016, first day has been concluded. Session's about the new skill set and mindset of the entrepreneurs, entering the world of Start-ups was discussed including founder's like Mr. Ankit Bhatt (Founder, MapMyIndia), Mr. Kashyap Deorah (Author, ‘Golden-tap’), Mr. Rajesh Gupta (CEO, Fresh Falsabzi), Mr. Ankur Warikoo (Founder, Nearbuy), Mr. Saurabh Kochar (CEO of FoodPanda). The most heavyweight Panel Discussion was followed by an interactive session between Mr. Rajdeep Sardesai and Mrs. Nirmala Sitharaman, throwing light on the government’s role in galvanizing new ideas, and encouraging start-ups. Saurabh Kochar, CEO of FoodPanda - "India has more than 3 crores of small and new businesses, all they need to think about is whether their ideas are big enou...

29Jan By AdityaNo Comments

INDIA

Malpe Becomes First Beach In India to Get Free Wi-Fi

Udupi: Malpe beach based in Karnataka has become the first beach in India to get free Wi-Fi connectivity. Local MLA Mr. Pramod Madhwaraj launched the 24x7 Wi-Fi connectivity at Malpe beach. After launching the facility, Madhwaraj said, "Malpe beach is a good place for spending time with friends and family. The Malpe beach committee is focusing on providing quality service in terms of sanitation facilities, parking system for tourists, maintaining cleanliness and so on." "The committee has spent Rs 80 lac on beach development works. The beach committee constructed a watchtower recently for beach viewers. It has appointed six lifeguards, four workers for keeping the beach clean and three have been appointed to keep St Mary's Island neat and clean. "The committee has also spent Rs 4 cror...

21Jan By AnkitaNo Comments

INDIA

A Gift from Indian Railway, First CNG Train Has Been Launched in Haryana

New Delhi - A new chapter added in the history of Indian Railway today. The first CNG train of Indian railway started between Rewari to Rohtak cities, comes under Haryana, a state of India. Using Remote Control the Railway Minister of India, Mr. Suresh Prabhu, inaugurated this CNG Train. This CNG DMU Train also has the option to run using Diesel System. The use of CNG will create more energy resources and less consumption of Diesel - said Indian Railway Minister. He also said that creating more options will decrease our dependency to use traditional energy resources. 1400 Horsepower Engine For Diesel-CNG train, Indian Railways specifically commissioned a 1400 horsepower engine. As per the estimates, Rewari Passenger Train will use more than 20 per cent of CNG to cover 81 km ...

17Jan By No Comments

INDIA

Softbank CEO says will ‘seriously’ accelerate investments in Indian Startups

Japanese telecom and media group SoftBank will "seriously" accelerate its investments in India, Chief Executive Masayoshi Son told a start-up conference in New Delhi on Saturday. Softbank had previously said it would invest $10 billion in India over 10 years. "The time has come that the Indian economy will be big enough going forward. Mobile internet will make the domestic internet market big enough," Son said. "I think we would seriously accelerate our investments in India going forward." image credit- reuters