PM to make key announcements on 'Start-up India' soon
Source: PTI Indian Prime Minister Narendra Modi will make a series of “very important” announcements to promote start-ups in the country in December, said Minister of State for Finance Jayant Sinha in New Delhi on Saturday. In his Independence Day speech, Modi had announced a new campaign ‘Start-up India; Stand up India’ to promote bank financing for start ups and offer incentives to boost entrepreneurship and job creation in the country. “... in early to mid-December the Prime Minister is going to make a series of very important announcements on Startup India where we will bring together the work that we are doing and make some important announcements about how we are going to take forward India's entrepreneurial ecosystem,” Sinha said. ...
'India has potential of defence exports worth $1 billion'
The Dollar Business Business India has the potential to increase its defence exports by 10 times in the next two-three years, according to Defence Minister Manohar Parrikar. “There is a potential of $1 billion worth of exports of technology products developed by DRDO (Defence Research and Development Organisation) in two-three years,” Parrikar said at a function in New Delhi on Wednesday. At present, the country’s annual defence export is estimated to be at the level of $100 million. According to the annual report of the Ministry of Defence, the country’s defence export was worth Rs.686 crore ($103.78 million) in 2013-14, which was up from Rs.460.97 crore in 2012-13. To increase domestic production and reduce dependence on imports, the defence minister said the ...
India, Australia ink deal worth $1 mn to promote research
The Dollar Business Bureau India and Australia have signed a deal worth AUD 1million to enhance bilateral cooperation in the fields of education, training and research. “Both countries agreed for a total joint financial commitment of up to AUD1.0 million for various activities under educational cooperation,” an official statement said on Monday. The memorandum of understanding (MoU) was signed between India’s Human Resource Development Minister Smriti Irani and Australian Minister for Education and Training, Christopher Pyne MP. The agreement came after the meeting of the Australia-India Education Council (AIEC)—a bilateral body – held in New Delhi on Monday. The new agreement is expected to intensify the existing partnerships between India and Australia in higher education and research, including technical and professional education, ...
India, Australia to boost ties in education and research
Source: PIB, Government of India The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the signing of a Memorandum of Understanding (MoU) between India and Australia on cooperation in the fields of education, training and research. The costs of the cooperative activities under this MoU will be funded on mutually agreed terms and will be subject to availability of funds. The MoU will help intensify existing partnerships between India and Australia in higher education & research, including technical and professional education, schools, vocational education and training and will open up new and innovative areas of cooperation. The main objectives of this MoU, amongst other things, are: i. Consideration of expansion of the Australia India Education ...
Collaboration in technology, energy and research can boost India-US trade
Interview by Himanshu Vatsa | The Dollar Business The Dollar Business (TDB): Apart from nuclear energy and defence sector, what are the areas that have potential to strengthen the business collaboration between India and the United States? Dr. Didar Singh (DDS): In chemical, pharmaceutical, bio-technology and bio-informatics sectors. In R&D, manufacturing and trade in advanced technologies in the fields of conventional munitions, aerospace, electronics, and material sciences. Other emerging sectors with significant market opportunities include lasers, robotics, nano-technology, specialty materials, and advanced design, engineering & construction capabilities. The infrastructure sector which includes ports, airports, roads, highways, power plants, implementation of Smart City projects etc. present an enormous potential for American companies doing business in India. Dr. Didar Singh, Secretary General, FICCI TDB: ...
Twenty-five states yet to meet Food Security Act requirements
The Dollar Business Bureau The Government of India is currently examining the recommendations made by the Committee on Food Corporation of India, with regard to the distribution of food grains under Public Distribution System. This was informed by Ram Vilas Paswan, Union Minister of Consumer Affairs, Food and Public Distribution, GoI, to the Rajya Sabha on Friday. As per the recommendations by the Shanta Kumar Committee, the government is expected to defer the implementation of the National Food Secutiry Act (NFSA) in the States those have not completed the preparatory methods that are required for the implementation of the Act. According to the Minister, all the States/Union Territories are required to complete the preparatory methods and will have to ...
India for agri-cooperation with Turkey and United States
The Dollar Business Bureau Agriculture Ministers of India and Turkey, on Thursday, discussed bilateral cooperation and shared mutual interests for furthering agriculture cooperation between the countries. The Indian Agriculture Minister, Radha Mohan Singh, met his Turkish counterpart Mehmet Mehdi Eker for a bilateral meeting on the sidelines of the G-20 Agriculture Ministers' meeting at Istanbul. In the meeting, both the sides agreed to hold the 2nd Steering Committee meeting aimed at enhancing the cooperation in Agriculture sector between the two countries. The Indian Minister also expressed the country’s willingness to participate in the International Horticulture Expo being organised at Antalya, Turkey from April 23, 2016. Besides, the Indian minister also met the United States Agriculture Minister and both the ...
