Union Minister Kalraj Mishra on 2 May said that around 1.1 million jobs have been created in the last three years under the flagship scheme of the MSME Ministry — the Prime Minister’s Employment Generation Programme, debunking claims of ‘jobless growth’ in the three years of the Narendra Modi-led…
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Samsung partners MSME Ministry to open new technical training schools
Samsung India on Friday signed an MoU with the Ministry of Micro, Small and Medium Enterprises (MSME) to open two more technical training schools and to renew the partnership for 10 existing schools being run across the country. As per the Memorandum of Understanding (MoU), the technology giant w…
KVIC to supply 15k yoga kits to Indian Missions for IYD
Aiming to celebrate the spirit of ‘swadeshi’ on International Yoga Day (IYD), various Indian Missions abroad have decided to buy as many as 15,000 khadi kits from back home for use during the occasion. The IYD is held on June 21 globally every year and this time Lucknow has been chose…
S Korea invites Indian start-ups to global contest
Hyderabad: South Korea is inviting Indian start-ups to take part in K-Startup Grand Challenge 2017, a global competition for tech start-ups backed by the Korean government. Promoted by the National IT Industry Promotion Agency, a non-profit governmental organisation of the Republic of Korea, the …
HSBC partners with AI start-up Ayasdi Inc to combat money laundering
HSBC Holdings Plc has partnered with Silicon Valley-based artificial intelligence start-up Ayasdi Inc to automate some of its compliance processes in a bid to become more efficient. The banking group is implementing the company’s AI technology to automate anti money-laundering investigations that…
BlockChain start-up fund Bitcoin Growth Fund raises $14.5 m
Bitcoin Growth Fund (BGF) a blockchain-based startup fund, has raised $14.5 million (Rs 95 crore) as part of its initial coin offering (ICO). The startup has already picked over $1.6 billion in the first 24 hours, with more capital continually pouring in over the past week. It plans to achieve an…
Why are food-tech start-ups once again investors’ choice in India?
At a time when investors’ confidence in the Indian start-ups ecosystem shook in post 2015, questions were being raised on the survival of market-sensitive sectors. Food technology being the worst hit saw funding slump down to $80 million in 2017 from an attractive $500 million in 2014. Are food-t…
There are 160 reasons India won’t escape GST chaos
There can be no gain without pain and that may be especially true when it comes to taxes. As about 160 countries overhauled their indirect tax systems, they confronted numerous challenges. Latecomer India is unlikely to escape some havoc. When Canada implemented its goods and services tax in 1991…
For 8% GDP growth, manufacturing needs to grow at 12-14%: Niti Aayog
India’s manufacturing sector needs to grow at 12-14 per cent for the country’s overall growth rate to touch 8 per cent, NITI Aayog member V K Saraswat said on June 1. Speaking at a seminar on modernisation of Indian Navy, the former DRDO chief said the country’s current share of…
Lenovo launches GST solution
Lenovo on June 1 announced the roll out of a comprehensive range of GST-ready solutions across its notebook, desktop, and all-in-one PC powered by Intel Core processors and the tablet portfolio. Lenovo GST advantage PCs start at a price of Rs 19,999 (plus tax). Pankaj Harjai, Director – sma…