Fulfilling the Ambedkar’s dream of New India: PM MODI

Honble Prime Minister of India Shri Narendra Modi on Sunday said that Baba Saheb Ambedkar is a big inspiration for Centre’s initiatives and our most of the programs are aligned with the dream of India as an Industrial Superpower.

Addressing the nation in the 42nd Episode of his monthly radio broadcast ‘Mann ki Baat’, Shri Modi mentions that Dr. Ambedkar initially ideated that industry is an effective medium by which jobs can be generated for the poorest of the poor.

Prime Minister Modi said “Today, the Make in India campaign is progressing successfully according to the dream of Dr. Bhimrao Ambedkar, we are emerging as an industrial superpower, and the vision of Ambedkarji has become inspiration for us today.”

Mr Modi further mentions that in continuance with Dr. Ambedkar’s vision, smart city mission and urban mission were executed in the country to ensure all kind of amenities are available in big cities and small towns.

Defining the Baba Saheb’s strong faith in ‘Self Reliance’, Prime Minister Modi further adds that centre’s monetary policy, Start Up India and Stand Up India has become a strong support for the young entrepreneurs and innovators.

The origination of different river authorities and different water related authorities were possible because of Baba Saheb’s vision. Now, they are landmark efforts for the waterways and ports in India.

According to the Prime Minister Modi, “Dr Ambedkar is an inspiration for those millions of people who belonged to the backward class and manifested that being born in an affluent family is not important for an individual, being skillful and knowledgeable is the main factor.

Sourav Ganguly Invest In Tech-Entertainment Company

Recently the former Indian cricket Sourav Ganguly has invested his money in the Mumbai-based entertainment company. Flickstree is one of the tech-entertainment companies that founded in three partners. The partners are Rahul Jain, Nsgender Sangra, and Saurabh Singh.

Flickstree is the personalized platform of video for free to watch content, video from the blogs, website and other social media networks. The Flickstree comes with the artificial intelligence based technology that helps the user quickly find the customized content.

The cricketer Sachin Tendulkar has backed the smartron, IOT starts up, and Yuvraj Singh has funded the YouWeCan ventures through that Yuvraj has invested in a lot of startups including online education startup, airplane, wellness platform, and others.

Besides the Moksh sports and Aditya group, sourav Ganguly and venture catalyst have invested RS 3 crore in the tech-entertainment company Flickstree. The Facebook program FBstart backs the Flickstree. The Flickstree app helps to create the personal video magazine.

Currently, more than 50000 people are using this app on the different operating system like Android, iOS, Blackberry, and others. The CTO Nagendra Sangra develops the Flickstree app, and Rahul Jain said that the ecosystem for the content has changed.

The Flickstree is also used for the self-learning engine to understand the content, user content, user behavior and others. The platform aggregate the personal recommendation, legal movie streaming player and also allow the user to make the list that they get the notification what the content is available in online, curates the film review and also offer the upcoming movies.

Sourav Ganguly said that the money is used to enhance the capability of technology as well as expand their company. Ganguly told that the Flickstree Company helps the people to find a lot of favorite videos from the internet. The Flickstree tech-entertainment company was launched in 2015, and now the company is looking to launch in Indonesia, Australia, and other countries.

The Flickstree has more than twenty video categories that most of them currently follow. Yuvraj Singh said that the company is trying to create the video content for the users. Now current the company has tied up with the popular video sharing platforms such as Vimeo, YouTube, and others.

Union cabinet simplifies visa regime

The Union cabinet on Wednesday approved merger of existing tourist, business, medical and conference visa categories to make one comprehensive long-term multiple entry visa category.

The cabinet also decided that citizens of eight more countries will be eligible for e-tourist visa on arrival. Already citizens of 155 countries are eligible for e-tourist visa.

A government statement said the cabinet approved liberalisation, simplification and rationalisation of the existing visa regime.

Under the new non-permanent, non-working comprehensive visa category tourists, businessmen or people coming for medical treatment or to attend conferences or even for film shoots will be covered. The visa will be given for 10 years with multiple entry facility, said a government official.

The official added that except those covered under 10-year travel and trade visa policy, citizens of other countries would be offered five-year multiple visa for travel and trade. Further, if the stay is restricted to 60 days on a visit, the government may waive the visa fee as well. But to meet security concerns, the government will seek biometric details of the visitors.

The cabinet approval came following discussions among all stakeholders that included ministries of home, commerce and external affairs.

The original proposal for liberlisation of visa regime came from commerce ministry.

A government statement said the decision considerably ease the travel of foreigners to India for the above-mentioned legitimate purposes.

Package for PoK refugee families

Meanwhile, the Union cabinet also approved a Rs 2,000 crore development package for displaced people of Pakistan-occupied-Kashmir (PoK) living in J&K and Chammb.

The package includes approval for home ministry’s proposal to provide enhanced financial aid to 36,384 families. Each of these families will get around Rs 5.5 lakh as aid.


Hardware start-ups get a leg-up at Intel Maker’s lab

Intel started its Maker Lab in 2015 to help small hardware firms stabilise by helping them with prototypes and device testing.

Intel said it achieved higher success rates because of the method of choosing start-ups, which best suited their acceleration programme.

Hardware start-ups get a leg-up at Intel Maker's lab

For instance, Jayalaxmi Agrotech has built an Agripole which helps farmers to download their agricultural applications in local languages at village fairs using the Intel Edison platform.

The Bellari-based firm provides timely information on crops to farmers on their apps for which it has set up a router in village centres. This enables villagers to download information without relying on data plans on their mobile network.

Another start-up, Klassik Klonec, has built an Internet of Things (IoT)-enabled Hydroponic system for growing vegetables on sand or water without using soil.

It involves growing green leaves and vegetables in households or industrial areas. The start-up has developed a box which is connected via IoT that maintains the temperature and conditions inside the box. The firm has various individual customers across India and a few from abroad looking to import the equipment to grow plants within an enclosed space.

Smartron, a Bengaluru-based original equipment manufacturer (OEM) start-up has come up with a product ‘t-phone’ and a ‘t-book’. It has its own ‘t-store’ to buy applications and has started selling products through online marketplace Amazon in India.

These firms, part of the nine of the 17 start-ups, have their products from the first batch of the Intel Maker’s lab.

“We took people who really needed technological help and mentorship that could accelerate what they were doing. The start-ups selected not only needed space but a lot of equipments to validate and test their products,” said Jitendra Chaddah, senior director, strategy and operations, Intel India.

In addition, five start-ups are testing their products which would be launched in few months, while three are still developing their products.

Intel would continue to map these start-ups with respect to their own business units, irrespective of whether the products are in the server space or client or IoT or wearable space.


MSMEs to play crucial role in making India a startup hub: Kalraj Mishra

NEW DELHI: Micro, small and medium enterprises will play an important role in making India a hub for startups, Union Minister Kalraj Mishra said today.

At the inauguration ceremony of the MSME Expo at the India International Trade Fair here, Mishra said that quality manufacturing and inclusive growth of MSMEs plays a key role in the development of the country.

“Micro, small and medium Enterprises form a major part of manufacturing sector and give employment to a large number of people,” the MSME Minister said.

Mishra further said that the MSME Expo is a very good platform for the enterprises to showcase their products at national and international level.

Herbal products, food articles, cosmetics, handicraft, electronic appliances, auto components, readymade garments, gems & jewellery, among others are being displayed at the MSME Expo this year.


In Order to Create More Jobs, Indian Govt. Allows Startups to Raise $3Mln/Year

In an attempt to boost innovation and create jobs, the Reserve Bank of India has allowed start-ups to raise up to $3 million for a three year term via external commercial borrowing.

The Reserve Bank of India’s (RBI) move comes at a time when India has become the world’s third largest start-up base and is poised to double such ventures by 2020. The growth in the number of start-ups and entrepreneurial ventures is expected to foster innovation as well as augment job creation – a high priority area for the current establishment.

Reserve Bank of India on Startup

India in recent months has taken various steps to facilitate investments in the startups sector. The RBI in February this year relaxed the foreign direct investment (FDI) norms for start-ups. The startups will be allowed to raise funds commercially (ECBs), in Indian rupees, any other convertible currency or a combination of both.

The RBI, however, specified that ECBs can only be raised from a country which is either a member of the Financial Action Task Force (FATF) or FATF-Style Regional Bodies. The guidelines only allow foreign banks to act as lenders, while excluding overseas branches, the subsidiaries of Indian banks, overseas wholly owned subsidiaries, or the joint ventures of Indian companies.

Interestingly, the Indian banking regulator did not fix any interest rate cap on these borrowings; typically RBI specifies the maximum cost financial institutions can charge when lending money via ECBs. Earlier in January, Prime Minister Narendra Modi had unveiled a slew of measures to create incentives in the sector. The government has also relaxed the procurement norms for them.

According to a Nasscom report, the number of startups is expected to double to 10,500 by 2020 and provide jobs to over 200,000 people. A recent Labour Bureau survey said India’s unemployment rate shot up to a five-year high of 5% in 2015-16. More worryingly, World Bank research says increasing automation and the adoption of technology threatens 69% of the jobs in the country. Startups are expected to open new avenues for job creation and take more people in the organized workforce.