News Update

Monetary limits - CBDT amends Circular to 'fight it out'For rains-ravaged Kerala 'relief' calls pour in; Customs explains proceduresMultiple personality Order - Implications and way forward!Customs Brokers and their woesST - Respondent cannot take shelter under a faulty software programme when they themselves handled system - Penalty u/s 78 of FA, 1994 wrongly set aside by CESTAT: High CourtBudget Allocation of Rs 2875 Cr - CBIC not happy with trend of spending less!I-T - Once trademark acquired is used for selling products, its eligibility for depreciation cannot be questioned, simply because trademark is not put to use for manufacturing activities: HCRecasting base year for GDP - Govt mulling over various alternativesFlood-battered Kerala - Cabinet Secretary-headed NCMC calls for shifting focus on supplies of food, water, medicines, power, fuel and telecom servicesIndia successfully test-fires 'Helina', copter-based anti-tank guided missile + also test-fires guided bombs smart anti-airfield weapon systemGovt yet to firm up mind for back-casting of GDP series; Various alternatives under considerationMulti-modal transport - TIR Convention comes into forceJalandhar CGST Commissionerate is first to become e-OfficeAadhaar Regulator to launch phased introduction of face recognition features from Sept 15Walmart wraps up Flipkart acquisition formalities; Current management to run operationsFormer UN Chief Kofi Annan passes away at 80DRI, Police & para-military forces seize 78 drums of ganja, heroin & tabletsKerala CM says worst flood in 100 years; PM announces Rs 500 Cr immediate reliefWorld Humanitarian Day - UN urges global leaders to protect people caught in conflictST - Tribunal has relied upon speech of Finance Minister for holding that assessee was not liable to pay tax without discussing relevant provisions of law/notifications - Matter remanded: HCAdvance Ruling - a nightmare for taxpayers?I-T - Exemption u/s 10(23C)(iv) can be claimed only to the extent of actual income and not for accumulated income: ITATSection 197 Certificate - CBDT proposes to amend Rules to make it electronicImport of Pet Coke allowed for only cement, lime kiln, calcium carbide and gasification Industries, when used as feed stock/manufacturing process on Actual User ConditionCBDT puts in abeyance controversial clauses relating to GAAR & GSTEvery 1% growth in mining industry soars up industrial production index by 1.5%, says FICCIRailways launches 'Digital Screens' at 22 Stations
 
Startup Ranking Framework launched; States zealously participate

 

By TIOL News Service :

NEW DELHI, MAY 16, 2018: 30 STATES and UTs have participated enthusiastically in first ever State Startup Ranking exercise. With the aim to foster competitiveness and to propel the States and Union Territories to work proactively towards promotion of their Startup eco-systems, the States Startup Ranking Framework was launched by Department of Industrial Policy and Promotion (DIPP) on February 6, 2018. This was also targeted at facilitating States/UTs to identify, learn and replicate good practices from each other and for bringing to fore, their own progress in the regard.

As a run-up to this, DIPP actively engaged with State and UT Governments over the past several weeks to help them prepare and participate in the States Startup Ranking exercise. Two rounds of video conferences were organised by DIPP with all the States and UTs in the month of March and April 2018. A dedicated team from DIPP also visited all States and UTs to conduct ranking awareness and capacity building workshop. In order to provide exposure to State/UT officials about the process of developing Startup ecosystem in their respective regions, 3 knowledge exchange workshops were conducted at leading incubators in the country. The workshops were organised at T-Hub, Hyderabad on April 9, 2018, iCreate, Ahmedabad on April 11, 2018 and Sunrise Incubation Tower, Vishakhapatnam on April 16, 2018. There was a lot of enthusiasm shown by the States and Union Territories in these workshops which were attended in large numbers.

The participating States and UTs shall now be evaluated on a score of 100, against 38 action points categorized into 7 areas of intervention such as Startup Policy and implementation, Incubation support, Seed Funding, Angel and Venture Funding, Simplification of Regulations, Easing Public Procurement and Awareness & Outreach. In order to evaluate States/UTs in a balanced and transparent manner, the assessment will be based on the aggregate score of the documentary proofs substantiating the implementation of action points by the State/ UT Government and also feedback from Startup ecosystem beneficiaries/components (to be picked up randomly from the list of beneficiaries/components that the state itself provides). DIPP has appointed seven dedicated evaluation committees involving members from all relevant departments and reputed players in the ecosystem, for evaluating States' responses in each area of intervention. The performance of the States will be dynamically presented on the State Startup Ranking dashboard hosted on www.startupindia.gov.in . The overall exercise is expected to be complete with announcement in ranking in June, 2018. The impact created by this exercise is highlighted below through some of the encouraging responses as submitted by State Governments, which are currently under evaluation:

Announcement of Startup Policy

Introduction of specific incentives in State Startup policy for women lead Startups

Constitution of State Startup nodal team

Provision of financial support to State Incubators

Design of guidelines for Seed Funding for Startups

Launch of State chapters of angel networks

Hosting discussions/workshops to identify Startups in disruptive technologies

Conducting State Startup Yatras - a series of boot camps in colleges/ universities to generate ideas.


POST YOUR COMMENTS
   

TIOL Tube Latest

Legal Wrangle | GST | Episode 80

What's New

CGST Rule Notification
CGST Rate Notification
CGST Circular
IGST Rate Notification
UTGST Rate Notification
Cess Rate Notification
Income Tax Notification
Income Tax Circular
CBDT Order - IT Return  
Customs Tariff Notification
Customs NT Notification
Customs Circular
Anti Dumping Notification
Excise - Instruction  
Service Tax Circular
DGFT Notification
DGFT Public Notice
DGFT Circular
RBI Circular

TAXATION & WILDLIFE



wso shell wso shell Indoxploit Shell wso shell hacklink hacklink satışı hacklink deface mirror hacklink satış wso shell