The Indian government lately shifted its focus upon nurturing startups which can generate jobs for the masses. The govt. has eased several processes related to the registration and initial operation of these companies. The GOI also set up a Rs. 10,000 crore ‘Fund of Funds for Startups’. Now, in a…
Tag: Ramesh Abhishek
LIC, pension funds should be allowed to invest in start-ups: Experts
Top fund managers and start-up veterans pushed for increasing the domestic capital pool by removing investment restrictions on insurance companies and pension funds. They felt even a fraction of investible funds from these behemoths could bring in a lot more funds than what the government is dire…
DIPP taking steps to resolve problems faced by start-ups: Ramesh Abhishek
The industry department has identified roadblocks faced by start-ups and is in talks with other departments to resolve the issues to provide favourable policies for budding entrepreneurs. “We have identified a number of problems of the start-ups”, Department of Industrial Policy and Promotion (DI…
Ease of doing business: 12 states implement 75% of reforms
As many as a dozen states, including Uttarakhand, Rajasthan and Jharkhand, have implemented 75% of the reform initiatives under the ease of doing business programme, reflecting positive sentiments, Commerce Minister Nirmala Sitharaman said on September 22. These three states are followed by Telan…
Food processing sector to treble in coming years: Harsimrat Kaur Badal
India’s food processing industry is expected to treble in the coming years on the back of higher economic growth and government initiatives like 100 per cent FDI in marketing of food items, Union Minister Harsimrat Kaur Badal said. At present, the size of India’s food processing industry is about…
India, Russia explore ways to boost trade, investment ties
India and Russia agreed to further strengthen and expand bilateral investment cooperation in priority projects in various sectors. The two countries reviewed existing projects and also discussed investment opportunities in new projects in sectors like chemical, automobiles, engineering and aviati…
DIPP to suggest states to frame own IPR policy
The Commerce and Industry Ministry will suggest states to formulate their own Intellectual Property Rights (IPR) policy with a view to promoting innovation and giving a boost to the economy, an official said. The Ministry convened an interactive session with industry associations on the National …
Govt asks top 50 companies to fund incubators as CSR spend
The government has asked the country’s top 50 companies to fund incubators as part of their corporate social responsibility (CSR) spend, a move meant to strengthen the startup ecosystem. Large companies have to allocate 2% of their profits towards CSR but have competing demands -from buildi…
DIPP will issue new UBIN shortly for budding entrepreneurs | DIPP Secretary Ramesh Abhishek
“Department of Industrial Policy & Promotion (DIPP) has begun an exercise for issuance of Unique Business Identification Number (UBIN) for budding entrepreneurs to start off their new businesses without any delay”, said its Secretary, Ramesh Abhishek here on today. While delivering his remark…
FICCI, DIPP & IPO come together to commemorate the World Intellectual Property Day 2016
NEW DELHI, 25 April 2016: The Department of Industrial Policy and Promotion (DIPP) has laid down the roadmap for expediting the process of examining the applications of patents, designs and trademarks by appointing additional 458 new examiners and 263 contract examiners at various levels to clear…