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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102766) | |
21941. Karnataka lands 3rd place with Rs 61,000 crore FDI in 2020
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
The Times Of India
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- BENGALURU: Karnataka, which saw the highest Foreign Direct Investment in the country during lockdown months, ended 2020 with Rs 61,174 crore, of which over Rs 37,000 crore came in the last six months.
- According to data accessed from the ministry of commerce and industry’s Department for Promotion of Industry and Internal Trade (DPIIT), Karnataka saw a 25% dip in the second quarter (April-June) compared to the first (Jan-March) quarter, but investments jumped significantly thereafter.
- Karnataka attracted nearly 68% more FDI in the third (July-September) quarter compared to the second quarter, and the last quarter collections further went up. At Rs 19,955 crore, the state attracted 16% more FDI between October and December compared to the previous quarter.
21942. How Bengaluru-based Welectric is encouraging last-mile delivery businesses to adopt EVs
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
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India
Your Story
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- Welectric was launched in 2019 to solve the problems impeding the adoption of electric two wheelers. It aims to become one-stop-shop for all E2W requirements.
- "Welectric is offering customised and comprehensive multi-brand E2W lease rental solutions to last-mile delivery companies,"
- “We purchase the E2Ws for our customers and take care of all compliance including registration and insurance. We also take care of all after-sale services such as preventive and corrective maintenance at the customer’s doorstep. The customers have complete flexibility to buy the vehicle they are using, or upgrade to the latest model, renew or extend the lease or even just return the vehicle and take their security deposit back after the initial lease period. Clients, however, need to give us an initial lease rental commitment of around 24 months and a refundable security deposit," Founder says.
21943. How this startup is scripting data journeys of organisations
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- A startup called BluePi uses its platform to help customers organise their data, help them establish the analytics framework and implement the use of data with AI/ML. Founded by Pronam Chatterjee and Kaushik Khanna, the company was launched in 2013.
- "We are a B2B organisation with a primary focus on media, retail and logistics. Irrespective of the industry vertical, our core competency lies in making cutting edge technology and data solutions available for our customers. For example, one of our recent success revolves around helping one of the largest retail firm in India implement AI-driven S&OP solution through BluePi. It is all about making real time decisions," says Pronam.
- "Organisations today need a much better, faster and more efficient way to deliver technology solutions to the customers and that's why BluePi is the answer," says Pronam.
21944. High level meet to discuss e-commerce policy today
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
India Tv
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- The Department for Promotion of Industry and Internal Trade (DPIIT) has convened crucial meetings to discuss the Draft E-Commerce Policy and FDI in the e-Commerce Sector. The meetings will kick off on Saturday, with an inter-ministerial meeting to discuss the draft e-Commerce policy.
- To be chaired by Secretary DPIIT, the invitees include Secretaries from Ministry of Electronics, Department of Commerce, Department of Consumer Affairs, Ministry of Micro, Small & Medium Enterprises, Department of Revenue, Department of Economic Affairs, Ministry of External Affairs, Department of Posts; besides CEO, NITI Aayog, and Chairmen of Directorate General of Foreign Trade, Central Board of Direct Taxes (CBDT), Central Board of Indirect Taxes and Customs (CBIC), Competition Commission of India (CCI) and also Deputy Governor, Reserve Bank of India.
- Then on March 17, an important stakeholder meeting is scheduled regarding FDI in e-Commerce sector. In this meeting, apart from its own officers, DPIIT has invited CAIT, RAI, FICCI, CII, Assocham, PHD Chamber of Commerce, FISME (Federation of Indian Micro and Small & Medium Enterprises).
21945. Sitharaman introduces Bill in Rajya Sabha to allow 74 pc FDI in insurance sector
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Mint
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- India's Finance Minister Nirmala Sitharaman on Monday introduced a Bill in Rajya Sabha that seek to amend the Insurance Act to pave the way for 74 per cent foreign direct investment (FDI) in the sector. The Union Cabinet had given its nod for amendments in the Insurance Amendment Bill 2021.
- Sitharaman presenting the Union Budget for 2021-22 had said, "I propose to amend the Insurance Act, 1938 to increase the permissible FDI limit from 49 per cent to 74 per cent in insurance companies and allow foreign ownership and control with safeguards." Under the new structure, the majority of directors on the board and key management persons would be resident Indians, with at least 50 per cent of directors being independent directors, and specified percentage of profits being retained as a general reserve.
- Increase in FDI will help improve life insurance penetration in the country. Life insurance premium as a percentage of GDP is 3.6 per cent in the country, way below the global average of 7.13 per cent, and in case of general insurance, it is even worse at 0.94 per cent of GDP, as against the world average of 2.88 per cent
21946. भारत पर बढ़ रहा है विदेशी निवेशकों का भरोसा, P-notes के जरिये फरवरी में आए 91,658 करोड़ रुपये
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
Hindi
India
India Tv
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- भारतीय प्रतिभूति एवं विनिमय बोर्ड (SEBI) के आंकड़ों के अनुसार भारतीय बाजारों-इक्विटी, ऋण और हाइब्रिड सिक्योरिटीज- में पी-नोट्स के जरिये निवेश फरवरी के अंत तक बढ़कर 91,658 करोड़ रुपये हो गया।
- जनवरी के अंत तक यह 84,916 करोड़ रुपये था। यह पी-नोट्स के जरिये निवेश का 33 माह का उच्चस्तर है।
- इससे पहले मई, 2018 में पी-नोट्स के जरिये 93,497 करोड़ रुपये का निवेश हुआ था।
21947. Rajya Sabha Clears Bill To Raise FDI To 74% In Insurance Sector
Make in India / Atmanirbhar
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Investment in Bharat by companies of other countries
English
India
Business World
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- Rajya Sabha approved a bill to raise the foreign investment limit in the insurance sector to 74 per cent with Finance Minister Nirmala Sitharaman saying while control will go to foreign companies, the majority of directors and key management persons will be resident Indians who will be covered by law of the land.
- Giving out reasons for the decision to raise the foreign direct investment (FDI) limit, she said insurance companies are facing liquidity pressure and the higher limit would help meet the growing capital requirement.
- Terming insurance as a highly regulated sector, she said that FDI limit is not a compulsion on companies, and that every promoter will take decisions as to what extent they want funding, within the FDI framework.
21948. BHEL secures first ever overseas solar project
Bharat Economic Growth
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Bharat Economic Growth
English
India
Moneycontrol
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- BHEL said it has bagged its first ever overseas order for a grid- connected solar power project in Mauritius. The project will be set up by BHEL at Tamarind Falls, Henrietta (Phase II), Mauritius on Engineering, Procurement and Construction (EPC) basis, BHEL said in a statement.
- The contract has been awarded to BHEL by CEB (Green Energy) Co. Ltd, Mauritius, a wholly-owned subsidiary of Central Electricity Board, Government of Mauritius.
- The project is funded under Government of India’s Line of Credit and has been secured by BHEL through a competitive bidding process. The project will be executed by BHEL’s Solar Business Division, Bengaluru and International Operations Division, New Delhi.
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21949. Vocal for local: This tech startup wants to help build a community of local ecommerce networks
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
Your Story
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- To bring the benefits of digital solutions to local communities in the most easy manner, where local ecommerce can flourish and build networks of their own, Anup Pai started eSamudaay in July this year along with Ravinder Mahori and Ravi Haldipur.
- The technology platform is similar to a plug-and-play system to foster entrepreneurship and create an ecommerce network between sellers and buyers in smaller towns without the top down approach of a large company.
- The Bengaluru-based startup is now operational in the temple of town of Udupi in Karnataka with about 50 sellers on board, and claims to be adding about 10 sellers every week.
21950. Thane Startup’s Wheat/Rice Edible Straws Will Last for 20 Minutes in Your Hot Tea
Innovation and startups, ISRO/Defense/Water infrastructure/EV and other sectors
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Startups in Bharat
English
India
The Better India
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- ‘Nom’, a Thane-based startup has launched biscuit-like straws that are made from plant-based ingredients.
- We all know plastic is bad for the environment and it has far-reaching repercussions on marine life as 8 million tonnes of plastic is dumped into the ocean every year. Of this, 0.025% are plastic straws and while this may seem like a conservative figure its sheer number varies between 437 million and 8.3 billion plastic straws globally.
- Initially, the duo worked out a solution to make these straws from a kind of seaweed but it was all in vain. The raw materials had to be imported and the cost of production was high. In their second attempt, they decided to make the same using simple kitchen ingredients in different proportions.