Daily Archive: December 6, 2018

Annual Startup India Venture Capital Summit 2018 to be held in Goa

The Department of Industrial Policy and Promotion (DIPP) in the Ministry of Commerce and Industry and the Government of Goa, is hosting the annual Startup India Venture Capital Summit in Goa on December 07, 2018.

The theme of the Summit is ‘Mobilizing Global Capital for Innovation in India.’ The event will showcase the Indian startup opportunity for funds from around the world. The summitaims to attract more global capital into the country. The event will enable a dialogue between Government and experienced Venture Capitalfund managers on ways to further promote the startup ecosystem in India. Thefocus of the Summitis on the huge return-generating potential of India’s vast and diverse market monetized through cutting-edge technologies and supported by investor-friendly regulations. The key objectives of the Summit will be to showcase the India opportunity, increase capital flow for Indian startups and further promote ease of doing business.

With over 150 participants expected to attend, it will bring together government officials, domestic and international startups, global fund managers and India’s vibrant entrepreneurial community on one platform.  Participation is expected from around 100 funds from countries like United States of America, China,Japan, Hong Kong and Singapore.

India has the world’s third largest startup base with more than 14,000 recognized Startups. More than 8,200 startups were recognized by DIPP in 2018 alone, leading to the creation of more than 89,000 new jobs this year, taking the total job creation contribution of recognized Startups to 1,41,775.

Government of Goa is focused on building a vibrant startup ecosystem in the state. It aims to make the state, one of the most preferred start-up destinations in India, and ensure that Goa features in the top 25 start-up destinations in Asia by 2025.


Union Home Minister chairs High Level Committee meeting for Central assistance to Kerala, Nagaland and Andhra Pradesh

The Union Home Minister, Shri Rajnath Singh chaired a meeting of the High Level Committee (HLC) at New Delhi today to consider the additional Central Assistance to the States of Kerala, Nagaland, and Andhra Pradesh, which were affected by floods, landslides and cyclone Titli respectively during the recent months.

The Union Finance Minister, Shri Arun Jaitley, Union Minister for Agriculture, Shri Radha Mohan Singh, Union Home Secretary, Shri Rajiv Gauba and senior officers of the Ministries of Home Affairs, Finance and Agriculture were present in the meeting.

The HLC approved the additional assistance from National Disaster Response Fund (NDRF) of Rs 3048.39 crore to Kerala, Rs. 131.16 crore to Nagaland and Rs 539.52 crore to Andhra Pradesh.


Self-regulation is a better approach for regulation of Media & Entertainment sector: I&B Secretary

Media regulations have historically been developed based on the medium or platform, not on content; one question being debated is whether we need to regulate platforms which are unregulated at present or whether it would be better to reduce regulation in traditional sectors: I&B Secretary

M&E sector plays an important role in job creation; for every rupee spent in the sector, there is a multiplier effect of around 2.9: Shri Amit Khare

The Secretary, Ministry of Information & Broadcasting, Shri Amit Khare has said that self-regulation is a better approach for regulation of Media & Entertainment sector. He said that with the advancement as well as convergence of technologies, the Government would like to have more of self-regulation by the sector, rather than the state acting as a monitor. He added that given the numerous channels through which content is distributed, this is also the administratively feasible option. He said that peer pressure will serve to make self-regulation effective and ethically driven. Shri Khare was speaking at a panel discussion on “Candid interaction with Policy Makers: New platforms drive new policies – Co-Creating a favorable regulatory framework for new and emerging media”, as part of a summit organized by a media house, which opened in Mumbai today.

The Secretary observed that the Media & Entertainment industry in India is one of the fastest growing industries. The sector plays an important role in job creation and provides employment to more than 1 million persons. Further, for every rupee spent in the sector, there is a multiplier effect of around 2.9, said the Secretary.

Shri Khare noted that media regulations have historically been developed according to the medium or platform, not based on content. This has led to traditional forms of content such as print newspapers and TV channels being in the ambit of regulation, leaving some newer media forms such as OTT media content to be unregulated. Stating that the Government has a very open mind, he informed the audience that one question being debated is whether we need to regulate  platforms which are unregulated at present or whether it would be better to reduce regulation in traditional sectors. How much regulation is required and how is it to be done is another matter that needs to be addressed, he added. Secretary said that FDI liberalization is being done; however, monopolies need to be avoided.

Shri Alok Srivastava, MD – IoT, Southeast Asia & India, CISCO; Ms. Gowree Gokhale, Senior Partner, Nishith Desai Associates;  Shri Vivek Krishnani, MD, Sony Pictures Entertainment India were the co-panellists in the discussion moderated by Shri Chaitanya Gogineni, Partner, Technology, Media and Telecom, KPMG in India.


ESIC to Allow Non – IPs to Avail Medical Services from its Underutilized Hospitals

Recruitment of Around 5200 Various Posts in ESIC Under Way

The ESI Corporation during its 176th meeting held on 05.12.18 under the Chairmanship of Shri Santosh Kumar Gangwar, Minister of State for Labour & Employment (I/C) has taken some very important decisions towards improvements in its service delivery mechanism.

In the meeting, It was decided to allow Non-IPs (Non Insured Persons) to avail medical services from   underutilized ESIC Hospitals after levying User Charges at a subsidized cost  of Rs. 10/- for OPD Consultation, at 25% of CGHS package rates for admitted patients and  to provide medicines on actual rate initially for one year on pilot basis. It will immensely help common people get the quality medical care at very low cost. Besides, it will ensure full utilization of resources of hospital for people’s cause.

Recruitment to the 5200 posts in various categories like Social Security Officer, Insurance Medical Officer Grade-II, Junior Engineers, Teaching Faculty, Paramedical & Nursing Cadre, UDC and Steno etc. in ESIC is under process.

To meet the shortage of specialist/super specialist doctors in some of the ESIC Hospitals, the ESIC approved for hiring of full time contractual specialists/super specialists in the department of Anaesthesia, Medicine, Surgery, Pediatrics, Gyne, Ortho, Cardiology, Nephrology and Medical Oncology after inviting open tender.

Keeping in view the rise in the National Floor Level Minimum Wages to Rs. 176/-, it was decided in the meeting to Enhance the exemption limit for payment of employees’ share of contribution from Rs. 137 to Rs. 176.

Shri Heera Lal Samaria, Secretary, Labour & Employment, Sh. Raj Kumar, Director General, ESIC, ESIC representatives of Employees and Employers and ESI Corporation Members, representatives of state govts. and senior officers of the Ministry were also present in the meeting.



Nation Pays Homage to Dr. B. R. Ambedkar on his 63rd Mahaparinirvan Diwas

The President Shri Ram Nath Kovind led the nation in paying homage to Bharat Ratna Baba Saheb Dr. B.R. Ambedkar on his 63rd Mahaparinirvan Diwas here today. He offered floral tribute at the statue of Baba Saheb at Sansad Bhavan Lawns in the Parliament House complex this morning.

The Vice President Shri M. Venkaiah Naidu, the Prime Minister Shri Narendra Modi and Speaker, Lok Sabha Smt. Sumitra Mahajan also offered tribute to the Father of the Indian Constitution, Dr. Ambedkar.

Among other leaders who paid floral tribute to Baba Saheb included the Union Minister of Social Justice and Empowerment Dr. Thaawarchand Gehlot, Ministers of State for Social Justice and Empowerment Shri Ramdas Athawale, Shri Krishan Pal Gurjar, Shri Vijay Sampla and other dignitaries.

The function was organized by the Ambedkar Foundation, an autonomous organization under the Ministry of Social Justice & Empowerment.


Sanjay Kumar/jk/MoSJ&E/06.12.2018