Piyush Goyal highlights Rs 3 lakh crore schemes for research, employment and startups
During his interaction, Piyush Goyal addressed the recent Union Cabinet approval of over Rs three lakh crore in new schemes. 'Under the leadership of PM Modi, our Ministry approved a scheme to provide Rs 1 lakh crore to promote research and development and innovation. We have also come out with a Rs 2 lakh crore employment generation incentive scheme and several other program for skill development, internship program,' the Union Minister said. 'These will give encouragement to support an ecosystem of startup, tech and manufacturing,' Goyal added, commenting on recent Union Cabinet approval.
Piyush Goyal also praised Bengaluru's thriving deep tech and startup ecosystem, calling it a 'jewel in the crown' of India's economic landscape. He lauded the contributions of the city's global capability centres and tech entrepreneurs. He said, 'I also believe that the deep tech industry, the startup ecosystem, which is present in Bengaluru in a big way, is a jewel in our crown. We are very proud of the good work that the tech sector particularly, and the global capability centres are doing.' He also addressed the broader national concerns. Piyush Goyal during his interaction responded to appreciation from attendees on Operation Sindoor following a recent terrorist attack. He characterized the incident as not just an assault on security but also an attack on India's economic progress, integrity, and sovereignty.
'I was also very pleased when one of the questioners complimented the government for the fitting response given under Operation Sindoor to the terrorist attack, which was an attack on India's economic progress, which was an attack on India's integrity and sovereignty.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
16 minutes ago
- Hans India
PM Modi to distribute over 51,000 appointment letters at 16th Rozgar Mela today
In a push to accelerate employment, Prime Minister Narendra Modi will distribute more than 51,000 appointment letters to newly inducted candidates in various government departments and organisations on Saturday at the 16th edition of the Rozgar Mela, which will take place virtually. PM Modi will address the recruits via video conferencing at around 11 a.m. Today's event will be organised at 47 locations across the country, covering recruitments in several key Central Government Ministries and Departments. These include the Ministry of Railways, the Ministry of Home Affairs, the Department of Posts, the Ministry of Health & Family Welfare, the Department of Financial Services, and the Ministry of Labour & Employment, among others. The new recruits, selected from different parts of the country, will take up roles in various sectors, further strengthening government service delivery and infrastructure. The appointments are expected to bring fresh energy and commitment to public administration while ensuring that government departments are adequately staffed to meet the growing demands of governance. This nationwide employment initiative, launched by PM Modi on October 22, 2022, is part of the government's mission-mode approach to creating new job opportunities and bolstering the public workforce. Since its inception, the Rozgar Mela has led to the issuance of over 10 lakh appointment letters across India, according to official data. The Rozgar Mela symbolises the government's ongoing commitment to harnessing the potential of India's youth. By offering structured employment and career development opportunities, the initiative seeks to inspire the younger generation to actively contribute to nation-building. With a strong focus on merit, transparency, and efficiency, the Rozgar Mela continues to speed up the recruitment process and enhance public sector capacity.
New Indian Express
22 minutes ago
- New Indian Express
GST notices based on UPI data: Tax department
BENGALURU: Following reports of notices issued to small traders by the Commercial Tax Department, the state government clarified on Friday that the action was based on data collected from Unified Payments Interface (UPI) service providers to ensure compliance with Goods and Services Tax (GST) laws. Under the GST Act, in force since July 1, 2017, suppliers with an annual turnover exceeding Rs 40 lakh (for goods) or Rs 20 lakh (for services) are required to register for GST. This turnover includes both taxable and exempt goods and services, although tax is applicable only on taxable items. The department said while essential items like bread are exempt from GST, packaged snacks attract a 5% tax. It said UPI-based transaction data from 2021–22 to 2024–25 showed that many traders had received over Rs 40 lakh via UPI alone, excluding cash and other payment methods, indicating even higher total turnover. Based on this data, the department issued notices to traders. ENS
United News of India
32 minutes ago
- United News of India
Selling SBI shares worth Rs 25000 cr part of privatisation: BEFI
Thiruvananthapuram, July 12 (UNI) Bank Employees Federation of India has alleged that the Centre's move to sell shares of State Bank of India (SBI) worth Rs 25,000 crore SBI) is an open attempt to privatize the bank in a phased manner sacrificing national interests. "In 2017, the bank had sold 522 million shares. This reduced the government's stake in the bank to 56.92 percent. Now, with the completion of the targeted share sale, the government's stake will diminish below 55 percent," BEFI vice president Saji Varghese said. "The sale of shares through qualified institutional placement has been reported by national media," he added. "Despite the vacancies of about one lakh employees and officers, the outsourcing of jobs and the deployment of daily wage workers without making them permanent is a prelude to privatization... After the budget presentation, the Union Finance Minister had announced that government would sell shares of public sector banks including SBI. Other public sector banks are also preparing for share sale" he said. The privatization of the country's largest public sector bank, SBI, will have far-reaching consequences. Public sector banks serve as a protective shield for the Indian economy. It is this protective shield that is being undermined through bank privatization, he stated. "As banks come under the control of corporates, services for the common people will get affected and services will be limited to the elite class," he added. The SBI plans to support loan growth, strengthen its balance sheet and meet regulatory requirements. It's also the first time since 2017 that the lender, majority owned by the government, tapped the equity market. UNI DS AAB RKM
