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INDIA IS CURRENTLY THE THIRD-LARGEST STARTUP ECONOMY -Smriti Irani

The Union minister on Tuesday, December 20, 2022 has stated that “The startup ecosystem in India is now the third-largest in the world”  “Under Prime Minister Narendra Modi’s leadership, India has emerged as the third-largest ecosystem of startups, with more than 84,400 startups in 656 districts across the country” said Smriti Irani Up until 2014, India was home to only 720 startups, and the evaluation stood at USD 332.7 billion. Explaining more about the economy, she said that in the last eight years, India has become the fifth-largest economy in the…

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COVID Variant BF.7: IMA issues new guidelines

Following a spike in COVID cases in China, Japan, and the United States, the Indian Medical Association issued an advisory urging people to practice COVID-appropriate behavior with immediate effect. Nearly 5.37 lakh new cases have been reported in the last 24 hours from major countries including the United States, Japan, South Korea, France, and Brazil. However, cases in India remained low as the country saw 145 new cases in the last 24 hours out of which four cases are the new China variant – BF.7. The Medical Association has issued…

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PM Modi said the Futuristic education system is being created in the country through NEP

Prime Minister Narendra Modi on Saturday said that through the new National Education Policy (NEP), a forward-looking and futuristic education system is being created in the country for the first time. PM Modi was addressing the 75th ‘Amrut Mahotsav’ of Shree Swaminarayan Gurukul at Rajkot via video link, he also said the number of IITs, IIMs, and medical colleges in the country has increased substantially after 2014, the year when his government came to power for the first time. Hailing the ancient “gurukul” (residential schooling) system of education, the Prime…

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Karnataka advances by introducing the new start-up policy

The Karnataka cabinet has approved a policy that aims to add 10,000 more startups over the next five years. Minister of Information Technology and Biotechnology, Dr. C. N. Ashwath Narayan, claims that “the new policy framed by the Department of Electronics and IT/BT has the aim of positioning Karnataka as the “Champion State” for startups and further increasing the number of high-growth startups by 2027.” The policy approved at the cabinet meeting in Belagavi secures Karnataka’s position as the nation’s innovative hub. The state’s ultimate objective was to launch 25,000…

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No more FASTags! India to get new GPS-based toll collection system on highways

The FASTag toll collection system is currently in use on Indian highways. The Indian government, on the other hand, has been working on and considering developing a new toll collection system. If implemented, the new system will significantly change highway toll collection. The new system will be a camera-aided toll collection that will work with the technology used to identify number plates on vehicles driving on Indian highways. The system is known as an Automatic Number Plate Reader (ANPR) camera. The Ministry of Road Transport and Highways has been working to…

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India begins delivery of coastal missile system “Brahmos” to the Philippines

The Philippine Navy’s Marine Corps has begun receiving BrahMos coastal-based anti-ship missile systems from the Indian company BrahMos Aerospace Private Ltd. According to a Philippines military-specific YouTube channel DA-REAL Military Channel on December 12, the initial system components are now being approved. There is no official confirmation from India or the Philippines. The initial delivery of the BrahMos missile system to the Armed Forces of the Philippines (AFP) is anticipated for 2023, India’s Ambassador to the Philippines Shambhu Kumaran informed the state-run Philippine News Agency in mid-August. The Philippines accepted…

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Flying Cars arriving sooner than expected

A personal flying vehicle capable of driving on conventional roads may be closer than we expected.  With startups like China’s Xpeng Motors bursting onto the scene, flying car production could be just a couple of years away. One such vehicle is Guangzhou Xiaopeng Motors Technology Company’s or Xpeng’s AeroHT X2 flying car. The company’s eVTOL offering recently has taken to the skies in Dubai and Guangzhou. The X2 is a two-seater with a top speed of 130 km/h. The vehicle, which is capable of fully autonomous flight and is outfitted…

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CAIT seeks regulatory body for e-commerce

CAIT, the traders’ body, demanded on Friday that the government immediately implement a robust e-commerce policy and establish a regulatory authority for the sector. The Confederation of All India Traders (CAIT) reiterated its demands a day after a Parliamentary panel suggested digital market entities to desist from “anti-steering”, “deep discounting”, “self preferencing”, “search & ranking preferencing” and other practices that will impact competition in the market. A Parliamentary panel proposed an ex-ante regulation, classification of “systemically important digital intermediaries” based on revenue, market capitalisation, and number of users, and a…

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New crypto policies making american an anti network state?

Policymakers’ response to fraud allegations at centralized crypto exchange FTX has included amusing crackdowns on Americans’ voluntary use of the software. Following last week’s FTX hearing, Senate Banking Committee Chairman Sherrod Brown (DOH) proposed “possibly banning” cryptocurrency. Earlier this month, Commodity Futures Trading Commission Chairman Rostin Behnam discussed how the federal government could assist offshore cryptocurrency exchanges that block US users in “protecting those firewalls.” Banning open-source software and shutting down the global Internet is not the way to lead the free world. It undermines new ways of organizing civil…

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The debut of tech fashion with Virgio

In recent fashion news, Virgio, a pioneer company founded in 2022 by Mr. Amar Nagaram, has received 37 million USD of funding, which roughly translates into INR 306 crore, in a round led by companies like Prosus, Accel, and Alpha Wave. What is new about Virgio is that it focuses on the use of technology throughout the design, manufacturing, and purchasing processes. Ensuring a smooth working structure in the fashion life-cycle. This, according to Mr. Nagaram, will allow buyers to have real-time access to runway fashion as well as give…

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