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India will expand its production by 20 lakh crores: Piyush Goyal ANI | Updated: Feb 09, 2021 21:48 IST New Delhi [India], February 9 (ANI): Asserting that the Union Budget 2021-22 promotes entrepreneurship, international trade and enhance business confidence, both for stakeholders doing domestic and international business, Union Minister Piyush Goyal on Tuesday said India will expand its production by 20 lakh crores. While interacting with media through video-conferencing, Commerce and Industry Minister Goyal said, Through a series of announcements of production linked incentives, the government has come up with measures which will expand production ecosystem by about Rs 20 lakh crores. Union Budget has brought out a series of reform and support measures. Both fiscal and monetary to help the industry get back on its feet in the post lockdown period. Production Linked Incentives (PLI), Quality control, and ease of doing i ....
February 8, 2021 Startups in India will be able to avail financial assistance under the Rs 1,000 crore Startup India Seed Fund starting from April 1, 2021, the Commerce Minister of State Som Prakash informed Rajya Sabha last week. The scheme, announced by Prime Minister Narendra Modi in January, aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialisation. Rs 945 crore will be divided over the next four years for providing seed funding to eligible startups through eligible incubators across India. The scheme is expected to support about 3600 startups, Prakash said. He was responding to questions raised by YSRCP’s Venkataramana Rao Mopidevi. ....
February 2, 2021 The last year had been a rude shock to everyone in the country, particularly for those who run small businesses and startups or work in the unorganised sector. As part of the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman announced several measures to improve the business and operating environment for small companies and startups. Sitharaman also announced that the government would bring gig economy workers under the proposed labour code. “For first time globally, social security benefits will be extended to gig and platform workers. Minimum wages will apply to categories of workers. And they will all be covered by state insurance corporations,” she said ....