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State governments must provide adequate funds to science & tech councils: NITI Report - The Economic Times
Economic Times
·
1m ago
Medial
NITI Aayog has urged state governments to increase funding and restructure Science & Technology (S&T) Councils to enhance innovation and technology-driven growth. Recommended actions include allocating 0.5% of GSDP to S&T, expanding council governance with expert members, fostering industry linkages, ensuring consistent workforce support, and capitalizing on central funding. Challenges include fragmented mandates and insufficient resources. Despite limited resources, councils contribute significantly to innovation support and capacity-building.
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Govt has limitations, private sector should step in to fund R&D: Jitendra Singh
Economic Times
·
1m ago
Medial
Union Science and Technology Minister Jitendra Singh emphasized the need for private sector funding in research initiatives, acknowledging government limitations. He advocated a change in mindset regarding funding distribution, underscoring private sector participation for global competitiveness. Singh highlighted the newly established Anusandhan National Research Foundation aimed at guiding research and innovation. A NITI Aayog report urged structural reforms and strategic partnerships for State S&T Councils to address challenges like fragmented mandates and insufficient resources.
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How state governments are chipping in with housing support at new semiconductor hubs
Economic Times
·
1y ago
Medial
State governments in Assam, Gujarat, and Tamil Nadu are offering infrastructure support, including housing for workers, at upcoming electronics and semiconductor manufacturing hubs in India. The governments of Assam and Gujarat have provided land at subsidized rates to the Tata Group. The company plans to build mega-housing projects, hostels, and dormitories for both blue-collar and white-collar workers. This support aims to attract investment and ensure adequate housing facilities for workers in these industries.
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Pre-2017 investments of Mauritius-based funds may face enhanced tax scrutiny
Money Control
·
1y ago
Medial
Mauritius-based funds that invested in India before March 31, 2017, may face additional tax scrutiny due to changes in the India-Mauritius tax treaty. The Mauritius government recently amended the treaty to comply with standards prescribed by the Economic Co-operation and Development. Experts suggest that these funds will be required to provide proof of "substantiation" to explain why Mauritius was chosen as the jurisdiction and if they had genuine business operations there. Failure to provide adequate proof may subject them to capital gains tax in India. Mauritius was a significant source of foreign portfolio investments in India in 2017.
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NITI Aayog Lays Out Roadmap To Boost Exports From MSMEs
Inc42
·
1y ago
Medial
The report from NITI Aayog suggests several measures to boost exports from micro, small, and medium enterprises (MSMEs) in India. It highlights the need to distinguish between exporter on record (EOR) and seller on record (SOR) for ecommerce exports and recommends a green channel clearance for MSME ecommerce exporters. The report also calls for easing compliance requirements and providing time-bound disbursement of incentives for MSMEs. NITI Aayog emphasizes the significant contribution of MSMEs to employment generation, exports, and overall economic growth in India. They also identify specific sectors such as handicrafts, textiles, ayurveda, and leather goods as export opportunities for Indian MSMEs.
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CCPA releases draft guidelines for prevention of greenwashing
Thehindubusinessline
·
1y ago
Medial
The Central Consumer Protection Authority has released draft guidelines on preventing and regulating greenwashing. The guidelines state that all green claims must be backed by verifiable evidence and full disclosures should be made. Generic terms and generic green claims cannot be made without adequate qualifiers and substantiation. Specific environmental claims must be supported by credible certification, scientific evidence, or independent third-party verification. The guidelines also outline various disclosures that should be made by companies making green claims. Stakeholders can submit their comments on the draft guidelines until March 21.
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Apple warns users of "mercenary spyware" attack in India and 91 countries, ET reports
Reuters
·
1y ago
Medial
Apple is reportedly planning to notify its users in India and 91 other countries that they may have been targeted by a "mercenary spyware" attack. The attack aimed to unlawfully access users' devices. Apple's actions follow a report by the Economic Times, citing unnamed sources. The company is expected to provide information to users about the potential attack and steps to protect their devices.
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India needs multi-pronged approach to tap quantum computing potential: Niti Aayog paper
Economic Times
·
5m ago
Medial
India must adopt a multi-pronged strategy to harness quantum computing's potential while ensuring national security, according to a NITI Aayog research paper. The report highlights the need for bilateral partnerships and a strategic framework to address quantum computing's opportunities and threats. It emphasizes deep collaboration between government, industry, and academia, along with investing in indigenous capabilities. The National Quantum Mission aims to build a domestic quantum technology ecosystem, essential for maintaining competitiveness and security in the evolving quantum landscape.
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Niti pitches for tailored finance, tech tools to transform medium enterprises into future growth engines
Economic Times
·
2m ago
Medial
Niti Aayog emphasizes tailored financial tools, technology integration, and a central digital portal to boost India's medium enterprises, crucial for economic growth. The report suggests targeted financial schemes, upgraded technology centers, and a dedicated R&D cell in the MSME Ministry. Despite medium enterprises constituting only 0.3% of MSMEs, they account for 40% of MSME exports, showcasing untapped potential. Strategic support can drive innovation, employment, and export growth in this vital sector.
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NITI Aayog to share roadmap for electronics manufacturing, Global Value Chains tomorrow
Money Control
·
1y ago
Medial
NITI Aayog, a policy think tank in India, will release a report titled 'Electronics: Powering India’s Participation in Global Value Chains' on July 18. The report aims to provide a roadmap for India to become a global hub in electronics manufacturing, focusing on job creation. It highlights the importance of Global Value Chains (GVCs), which involve the fragmentation of production across different countries. GVCs are seen as a powerful driver of productivity, job creation, and better living standards. The report will help India maximize its participation in GVCs by strengthening its electronics manufacturing ecosystem.
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Non-bank lenders have a big problem in small business loans
Livemint
·
10d ago
Medial
Non-bank financial companies (NBFCs) are experiencing stress in small business loans due to several factors, including decreased state spending, weak borrower cash flows, and rising delinquencies. The slowdown is attributed to small businesses facing delayed payments from central and state governments, as well as shrinking profit margins amidst a broader economic downturn. Lenders with significant exposure to manufacturing-focused MSMEs are particularly impacted, reflecting the challenges in maintaining credit demand and financial stability in these sectors.
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