2.85 lakh jobs created in DPIIT recognised startups: Piyush Goyal
As on November 21, 2019, SIDBI has committed Rs 3123.20 crore to 47 SEBI registered Alternative Investment Funds (AIFs). These funds have raised a corpus fund of Rs 25,728 Crore. “Rs 695.94 Crore have been drawn from the Fund of Funds for start-ups. Rs 2,669.83 Crore have been invested into 279 startups,” Union Commerce Minister Piyush Goyal said.
DPIIT to confer national startup awards for developing innovation products
The award will be conferred in 35 areas, classified into 12 broad ...
MoUs signed with Amazon, Flipkart to provide global market access to MSMEs
Dr Guruprasad Mohapatra, Secretary in the Department for Promotion...
DPIIT sets up development council for bicycle
The council has been setup for “vision planning in design, engineering and manufacturing of lighter, smarter, value added, safe and faster premium bicycles which are comparable with global standards for exports and domestic market”, according to the commerce and industry ministry.
WhatsApp to offer startups in India with $250,000 worth of Facebook ad credits
With the ad credits, the startups can create ads that invite customers to click to open a chat on WhatsApp so they can deepen connections and increase sales, a statement said.
DPIIT received some complaints of e-commerce firms offering deep discounts: Piyush Goyal
"Some representations have been received in this department, complaining that e-commerce companies are offering deep discounts, indulging in predatory pricing, engaging in B2C business, exercising control over inventory and influencing the prices of goods sold on the platform," Piyush Goyal told Rajya Sabha.
Startup India Vision 2024: DPIIT for cutting compliance time to just 1 hour per month for startups
It has proposed providing work orders and pilot projects from the government, ranking of ministries and central public sector undertakings for their increased engagement with startups, and organising a global startup event in the country.
Govt asks Snapdeal, Paytm Mall to give business details
The government had last month asked top two e-commerce firms Flipkart and Amazon to share details of their top five sellers and total business quantum for each seller, variations of commission agreements they have with various sellers, and how investments from their parents are disbursed.
Govt recognised 7,141 startups till Nov 5: Piyush Goyal
Sector-wise, the highest of 1,351 start-ups are from information technology followed by healthcare (808), education (658), professional and commercial services (400) and finance technology (362).
Losses not from discounting, but due to investments, Flipkart, Amazon tell DPIIT
Flipkart and Amazon have communicated to Department for Promotion of Industry and Internal Trade (DPIIT) that they are investing big on creating warehouses and logistics network, technology and other such areas, while reiterating they are fully compliant with all laws and FDI norms for online marketplaces.
RCEP did not address our concerns: Piyush Goyal
Piyush Goyal in a written reply to the House said that during the third RCEP Leaders Summit on November 4 in Bangkok, India stated that the current structure did not reflect its guiding principles or address the outstanding issues and concerns of India, in the light of which India did not join the agreement.
Kirana stores to get a shield against Flipkart, Amazon
The proposed exercise is aimed at consistency, simplification & low compliance burden to cuty costs.
DPIIT kickstarts exercise to ease FDI norms more
The department held an inter-ministerial meeting to discuss further opening up in sectors, especially where 100% FDI is not allowed on the automatic route.
DPIIT to soon approach cabinet for Startup India Vision 2024
The department has proposed measures like easing regulatory requirements for startups such as reducing tax compliance time to just one hour per month and facilities of debt financing, the official said.
Young innovators win accolades at Spirit of Manufacturing Awards 2019
The winners were awarded across 5 categories based on the innovative skills and the tangible impact showcased. The categories included Social Impact, Young Entrepreneur, IT Adoption & Innovation, Woman Entrepreneur of the Year and Special Jury Award.
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