Author: News Desk
https://youtu.be/px1W8n2VFnE Drone-As-A-ServiceUnion Finance Minister Nirmala Sitharaman has announced ‘Drone Shakti’ in her Budget speech. It is considered as the government’s renewed focus on drone technology and the emerging industry. Startups will be promoted to facilitate Drone Shakti through different services and Drone-As-A-Service (DrAAS). Selected ITIs will have courses required for this skill, Sitharaman said.Kisan dronesAlso, ‘Kisan Drones’ will be promoted for crop assessment, digitisation of land records, spraying of insecticides, and nutrients. The Drone Rules 2021 were formed by the Central Government on 25 August last year. These rules envisage self-certification, trust and non-intrusive monitoring.
https://youtu.be/YCy3Q681WxU Investment culture Kerala’s Startup Ecosystem will play a major role in bolstering future investments, said Kerala Finance Minister K.N. Balagopal. He said the state needs to develop an investment culture. “We have a lot of HNIs and several new areas need investment. A campaign to attract HNIs is needed,” he said.He was inaugurating the seventh edition of Seeding Kerala, the Kerala Startup Mission’s (KSUM) flagship initiative to attract investors. Mature ecosystem Infosys co-founder Kris Gopalakrishnan said Kerala’s startup ecosystem has become more mature. “I strongly believe that Kerala has created a sustainable model ecosystem for startups with a bright…
https://youtu.be/ICGnjoiRF-I 16-year-old ‘s startup Tilak Mehta, a 16-year-old from Mumbai, is proving that there is no age limit to becoming an entrepreneur. At the age of thirteen he was the youngest entrepreneur in the world to set up a company called Papers N Parcels. Tilak’s life proves that age is not a barrier to doing something good, innovating or making a difference. Papers N Parcels along with DabbawalasTilak Mehta decided to become an entrepreneur when he was in eighth grade. His father Vishal Mehta, who was late from the office, forgot to buy some books of Tilak. Tilak thought he could courier the…
Finance solar projects Aiming to strengthen the existing financing arrangement for solar power projects, State Bank of India (SBI) has launched a dedicated centralized processing cell – ‘Surya Shakti Cell’. The Bank has joined hands with Tata Power Solar Systems Ltd. (a Tata Power Company) for financing solar projects. The Surya Shakti Cell will process all the loan applications for Solar Projects (capacity up to 1 MW) sourced from across India, for installation by business entities as well as households. Itl was inaugurated by Dinesh Khara, Chairman, SBI in the presence of Dr. Praveer Sinha, CEO & MD, Tata Power…
https://youtu.be/u_MepeuMNP4 Work from home A study by The Talent Tech Outlook 2022 shows that remote working has become the new normal. According to the study, 82% of employees prefer working from home. The fast-evolving ‘Future of Work’ is getting past the world of conventional HR, said SCIKEY founder and CEO Karunjit Kumar Dhir. New ecosystemThe study said that the new ecosystem let people go beyond the confines of company payroll and office boundaries. Office spaces will become more of occasional meeting places and alternate workplaces, it said. 64 percent of employees said they have been more productive and less stressed while working from…
https://youtu.be/jnRLl7sBcJ4 Digital currency Finance Minister Nirmala Sitharaman has announced in the Budget that the Reserve Bank will introduce the Digital Currency (CBDC) in the country. The budget also says that the digital rupee blockchain and other technologies will be used. The digital currency is seen as the government’s next move to nurture the Indian digital economy. The digital currency, which is inspired by the cryptocurrencies Bitcoin and Ether, will be controlled by the Reserve Bank. This is what differentiates the digital rupee from crypto. India’s digital currency will be more efficient and simpler. The finance minister had said in the…
Battery swapping Finance Minister Nirmala Sitharaman has proposed the formulation of a battery swapping policy for EV charging stations. She also announced the introduction of modern building by-laws. The minister said the government would also promote the use of public transport in urban areas. “Considering the constraint space in urban areas for setting up (electric vehicles) charging stations, a battery swapping policy will be brought out and interoperability standards will be formulated,” Sitharaman said in her Budget speech in the Lok Sabha. She stated that the private sector will be encouraged to set up sustainable business models for battery or…
Is Digital rupee the future? To boost India’s digital economy, RBI is coming out with the digital rupee or Central Bank Digital Currency (CBDC). The concept of the Digital Rupee presented at the Union Budget 2022-23 by Finance Minister Nirmala Sitharaman is meant to take some inspiration from cryptocurrencies like Bitcoin, but with the regulations of the central bank. According to the finance minister, Digital Rupee or CBDC will work “using blockchain and other technologies”. So that is one aspect that all the cryptocurrencies share with the upcoming digital currency of India. The other is the problem it means to…
https://youtu.be/cAiBE4Eh_Zg E-mobilityTVS Motor has acquired a 75% stake in e-bike maker Swiss E-Mobility Group (SEMG). SEMG is a market-leading provider of e-mobility solutions. The 75% stake has been acquired at a price of Rs 490 crore. The firm plans to buy out the remaining 25% stake next year.The current acquisition will offer TVS $100 million in revenues from the growing e-bike space of Europe. Earlier, TVS had acquired EGO Mobility, a Swiss e-mobility solutions company, and Norton Motorcycles.TVS will bring SEMG’s four brands- Cilo, Simpel, Allegro, and Zenith this year.
Record unicorns India has generated a record 44 unicorns in 2021, taking the overall number of unicorns in India to 83. Of this, most belong to the services sector. According to the Economic survey, India has over 61,400 startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) with at least 14,000 recognised during the financial year 2022. It also said that 555 districts in India had at least one new startup. Going by this, almost 75% districts of the country are likely to be having at least one startup each.”During 2021, the government recognised over 14,000…