A new industry body, the Chamber of Trade and Industries (CTI) — a brainchild of the AAP’s trade wing — is taking shape in Delhi. Office-bearers of AAP’s trade wing say the initiative is an attempt to provide a platform to small traders and owners of small-scale industrial units in th…
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Indian digital payments market to reach $500 bn by 2020: Report
Digital payments market size in the country is expected to touch USD 500 billion by 2020, accounting for about 15 percent of gross domestic product (GDP), a report said on July 25. The ‘Digital Payments 2020’ report, jointly published by Google and Boston Consulting Group, projects th…
Making Bengaluru a top startup ecosystem
Announcing a slew of measures to boost growth of startups, the Karnataka government said it aims at ensuring that Bengaluru breaks into the world’s top 10 startup ecosystems. According to Global Startup Ecosystem Ranking Report 2015, the city is the second fastest growing startup ecosystem …
Karnataka gets large firms to help start-ups
The Karnataka government has IBM, Amazon Web Services and Airtel to subsidise services to start-ups registered with it. Start-ups registered with the state government have access to accelerators and funding, cloud credits, discounted Internet subscription, software debugging tools, and payment ga…
10 more SMEs from Rajasthan set to get listed on BSE SME bourse
With awareness increasing about the benefits of getting listed, BSE India is expecting to bring 10 more companies from Rajasthan on its SME platform by the end of current financial year, a top official of the exchange said here. “There are already seven companies from Rajasthan listed on t…
Need to amend Drugs and Cosmetics Act 1940 to promote e-pharmacy in India
NEW DELHI, 25 July 2016: With the advent of e-pharmacy, there is a need to amend the Drugs and Cosmetics Act 1940 as it does not differentiate between offline and online pharmacies. The Government is seized of the issue and is working towards amending the existing law to develop a framework where…
Nitin Gadkari calls for massive skill development in maritime sector
Shipping Minister Nitin Gadkari on July 22 called for a massive effort to enhance skill development in the Indian maritime sector. According to the Minister, a large number of employment opportunities are expected to be generated from the shipping and allied sectors in the coming years. Gadkari w…
Solar power tree developed for generation of electricity
The Ministry of Science and Technology has come up with a ‘Solar Power Tree’, an innovative way to generate electricity using solar power in a limited space. Developed by the Central Mechanical Engineering Research Institute (CMERI), Durgapur, a laboratory of the Council for Scientifi…
Engg colleges to impart skill training to 10 lakh in 3 yrs
The faculty of engineering colleges will provide training to unemployed youth, including school dropouts, as the government kicks off an ambitious plan that aims at imparting skills to over 10 lakh people to make them employable in the next three years. The scheme- ‘PMKVY by Technical Insti…
India’s smartphone revolution: 35 units, 37,000 jobs in 2 years
India has seen about 35 new smartphone factories in the past two years, with a production capacity of about 18 million devices a month, since the central government had announced a tax rationalisation for electronics products to boost local electronics manufacturing. The new manufacturing units h…