Author name: admin

The MAARG platform (Mentorship, Advisory, Assistance, Resilience, and Growth) was established by Commerce and Industry Minister Piyush Goyal to promote mentorship between startups and entrepreneurs across industries, stages, and functions. Startups will be able to interact with mentors and discuss their mentorship requirements throughout the portal’s matchmaking phase. Additionally, the minister will announce the National Startup Awards 2022 winners. A cash prize of Rs 5 lakh will be presented to each of the winning startups. A cash prize of Rs 15 lakh will also be given to one exceptional incubator and one accelerator, respectively. The winning and finalist startups will benefit from the support provided for their business growth, mentorship, funding, partnerships, and market access opportunities, the ministry stated. This will further enable them to serve as an example for other entrepreneurs. The National Startup Awards 2022 invited applications from 17 sectors, 50 sub-sectors, and 7 special categories. These industries included Agriculture, Animal Husbandry, Construction, Drinking Water, Education & Skill Development, Energy, Enterprise Technology, Environment, Fintech, Food Processing, Health & Wellness, Media and Entertainment, Industry 4.0, Security, Space, Transport and Travel.

The budget session of Parliament will begin on January 31, 2023. It will run till April 6. There will be a break from February 14 to March 12. “Amid Amrit Kaal, looking forward to discussions on Motion of Thanks on the President’s Address, Union Budget & other items,” tweeted Union Minister Pralhad Joshi while announcing the budget session dates. The winter session of Parliament saw numerous adjournments and interruptions on a variety of concerns. Political experts believe that the budget session will be disrupted in the same way, particularly on subjects such as the impending recession, the impact of the Russia-Ukraine war, rising prices, and so on. “During the Budget Session, 2023 the recess time is there to enable the department related Parliamentary Standing Committees to examine the Demands for Grants and make reports relating to their Ministries/ Departments,” added the Union Minister. There will be 27 sittings over the course of 66 days.

According to Union Commerce Minister Piyush Goyal, India’s economy is now more transparent, and citizens are becoming accustomed to paying taxes. He said that recent tax revenues were very robust and that any reforms implemented by the government in the previous eight years, such as the good and services tax (GST), had a big influence on the economy. “India has been evolving. A lot of structural changes that took place in the last eight years have had a significant impact on the way the Indian economy is poised to take off in the next 25 years,” added Goyal. On Saturday, the Union Minister virtually addressed the attendees during the 27th Wharton India Economic Forum via videoconference. India’s leading innovation in the age of uncertainty served as the event’s theme. According to Piyush Goyal, the Insolvency and Bankruptcy Code (IBC) was another crucial reform step that helped India develop strong financial systems. He claimed that these banks have been able to collectively offer resources for industry and infrastructure to grow. According to the ministry of commerce, measures including privatisation, economic digitization, legal decriminalisation, and compliance simplification will enable doing business easier.  “These reforms prepared India for the next 25 years and we hope to see the Indian economy among the top three economies in the world,” Piyush Goyal said. In response to a query on the government’s strategic priorities, Goyal listed infrastructure, semiconductors, and domestic manufacturing as some of the top industries. The prime minister is focusing on developing a strong infrastructure in India, according to the commerce minister, who listed semiconductors, domestic manufacturing, and infrastructure as some of the priority sectors for the Indian economy. He continued, “Private sector is also contributing to India’s infrastructure story.” Additionally, he discussed the Atmanirbhar Bharat scheme’s PLI initiatives. As part of its Atmanirbhar Bharat scheme, the government introduced production-linked incentive (PLI) schemes in a number of industries to increase exports, boost investments, make Indian manufacturing more competitive abroad, and decrease reliance on imports. In spite of the country’s struggles during the Covid-19 outbreak, he claimed, Indian industry stepped up to the plate and started producing personal protective equipment.