While the winning startups will get a cash prize of Rs 5 lakh, the incubators and accelerators will get Rs 15 lakh as the winning amount. Some of the categories awarded included finance, security, tourism and space.
As per the order, entities of countries which do not allow Indian companies to participate in their government procurement for any item, would not be allowed to participate in government procurement in India for all items related to that nodal ministry or department, except for the list of items published by the ministry or department permitting their participation
The government was also cautious about the large amount of foreign capital, including Chinese money, in Indian startups.
A shift to being a market-based economy from a nationalised system has led to simmering tensions between the Reserve Bank and the government and questions over the central bank's independence
The fingerprick tests, which can tell within 20 minutes if a person has ever been exposed to the coronavirus, were found to be 98.6% accurate in secret human trials held in June, the newspaper reported.
This infusion has increased the paid-up equity share capital of IIFCL to Rs 9,999.92 crore against the authorized share capital of Rs 10,000 crore.
Merchandise imports and exports as a proportion of GDP have been falling for years.
What is truth about the real number of projects being stalled and the belief that prices of realty will definitely fall in the post-Covid era ?
The fiscal deficit in April is already 35.1 percent of the entire year’s budgeted deficit.
The willingness of the government to listen, learn and go forward will earn it appreciation.
Deploring the government action, he urged people to demand from the government that the RBI Bond be restored immediately.
While the Cabinet had in November last year approved the sale of government's entire 52.98 percent stake in BPCL, offers seeking expression of interest (EoI), or bids showing interest in buying its stake, were invited only on March 7.
NITI Aayog CEO Amitabh Kant asserted that no other government in the world has been open source at this scale.
Unveiling the contours of the Rs 20 lakh crore stimulus package, Finance Minister Nirmala Sitharaman had last last week announced a change in the definition of micro, small and medium enterprises (MSMEs).
The move is aimed at protecting MSMEs adversely affected due to the lockdown and to ensure assured demand for their products and services
Due to disruptions in the global supply chain on account of the COVID-19 crisis, many foreign companies are looking to reduce their dependency on China and set up manufacturing facilities in other countries.
Under the scheme, exporters get 3-5 per cent subsidy on loans for specified items. It was announced in April 2015 for five years. Addressing a Webinar organised by Ficci, Director General of Foreign Trade Amit Yadav said, “In the weeks ahead, you would be hearing a good news with regard to the extension of interest equalisation scheme.”
Developers, HFCs and the government need to come together and work cohesively for the revival of the real estate sector.
With revenues tumbling and expenditure ballooning, experts feel that printing more money to finance the debt would be the best way and would not add inflationary pressure in the current situation
This will benefit nearly 200 small & medium IT/ITeS units supporting 3000 direct jobs, Ravi Shankar Prasad, Union Minister for Electronics & Information Technology (MeitY) said
The government has allotted states to companies based on their 'network of distributor salesmen'.
The shift is important as Prime Minister Narendra Modi on April 14 announced that the country-wide lockdown will continue till May 3.
Till now banks and NBFCs are offering the moratorium only to individual customers
After PM Modi’s announcement, the reactions from corporate India came fast and quick. We have collated the most of them for you here
The Centre will soon bring an ordinance to give state governments the flexibility to increase the work hours of employees across establishments to 12 hours per day from eight hours, a move aimed at addressing the issue of labour shortage.