News Update

PLI scheme for electronics manufacturing sees incremental investment of Rs 8,390 CrG20 finance leaders agree to tax super-rich but forum not yet readyDPIIT promotes green logistics industry balancing economic growth and environmentIndia, US ink pact to stymie illegal trafficking of cultural propertyRailways expands tracks by 31,180 kmFroth in Yamuna river: Delhi complains to Centre against UP and HaryanaGovt to enhance reach of Indian Digital Public InfrastructureFormer BJP Minister says BJP has totally failed as Opposition in KarnatakaGovt provides incentives to small tea growersEU penalises 5 countries for infringing budget rulesI-T-Transaction involving transfer of unutilised shares cannot be deemed to be sale of shares so as to attract levy of Long Term Capital Gain u/s 112: ITATChina says Relations with Japan at critical stageST - Once the activity of appellant that is of forfeituring the amount of earnest money is not a declared service, question of retaining said money as consideration for rendering such service becomes absolutely redundant: CESTATEU medicines regulator disapproves Alzheimer’s new drugSC says no restrictions on voluntary name banners along Kanwar route eateriesFM favours debt reduction but sans affecting economic growthKargil Victory Day: PM warns Pak against practising terrorismChina pumps in subsidies worth USD 41 bn into car sectorMisc - Payments made to Government cannot be deemed to be a tax merely because statute provides for their recovery as arrears: SC CBMisc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CBMisc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CBCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SC
 
Goyal launches Bharat Startup Ecosystem Registry and website and logo of Startup Mahakumbh

By TIOL News Service

NEW DELHI, FEB 28, 2024: UNION Minister of Commerce and Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal, said that Startup Mahakumbh is reflective of the India growth story. While delivering the keynote address at the curtain raiser of 'Startup Mahakumbh' organised by Department for Promotion of Industry and Internal Trade (DPIIT) in New Delhi today, the Minister said that the startup sector has proved its capability to innovate with ideas across various sectors like mobility, food, textiles, etc.

Goyal stressed that 'Bharat Innovates' theme of Startup Mahakumbh showcases the intricate link between innovation and startups. He lauded the event in bringing together 57 diverse startup footprints across the country on a single platform. Goyal also launched Bharat Startup Ecosystem Registry and the website and logo of Startup Mahakumbh at the event.

Goyal while quoting Prime Minister Narendra Modi said that Indian startups are changing the rules of the game and therefore the startup sector is the backbone of the nation. He encouraged the well-known and developing startups across the country to participate in the Startup Mahakumbh. He said that it marks the beginning of an annual event that provides a platform to showcase the success stories and revolution of the startups ecosystem since its inception in 2016. The Minister urged DPIIT to continue efforts to promote startups present in various districts in the country through financial and logistical support and see that at least one startup from each district gets represented at the Startup Mahakumbh.  

The Minister expressed hope that the Startup Mahakumbh will involve students and the youth across the country with a bent of entrepreneurship, innovation and a spirit of inquiry. He said that integration of the aspirational India with the startup sector will propel India's economy in this Amrit Kaal to become a Viksit Bharat by 2047. He said that the 'can do' spirit of the youth will be reflected at the event and help them to take the story of India to the rest of the world.

Goyal said that the MICE (meetings, incentives, conferences and exhibitions) infrastructure at Bharat Mandapam has changed the way India thinks of organising mega events. The Minister said that large facilities like Bharat Mandapam makes convergence of all elements of an industry and showcase the India story as one possible.


POST YOUR COMMENTS
   

TIOL Tube Latest

Dr. Shailendra Kumar, Chairman, TIOL Knowledge Foundation, addressing the gathering



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.