Governance

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Number of Startups Recognized by DPIIT Goes Up to Fifty Thousand

Startup India is a flagship initiative of the Government of India launched by the Prime Minister Shri Narendra Modi on 16 January, 2016. The initiative is intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. Department for Promotion of Industry and Internal Trade (DPIIT) acts as the nodal Department for the Startup initiative. As on June 3, 2021, 50,000 startups across have been recognized as startups by DPIIT, of which 19,896 have been recognized since April 1, 2020.

Under ‘Pradhan Mantri Garib Kalyan Package (PMGKP): Insurance Scheme for Health Workers Fighting COVID-19’

The Government of India has been on the forefront of the fight against COVID19 and has been supporting the efforts of States and UTs under the ‘Whole of Government” approach. In this endeavour, the Union Government had already extended the ‘Pradhan Mantri Garib Kalyan Package (PMGKP) Insurance Scheme for Health Workers Fighting COVID-19’ for one year w.e.f 24.04.2021.

IREDA Registers Record Profit in Covid Year

Public Sector Indian Renewable Energy Development Agency (IREDA) under Ministry of New and Renewable Energy reported an all-time high annual Profit Before Tax (PBT) of 570 crore rupees in the financial year 2020-21 that was severely affected by Covid 19 Pandemic. The PBT of the company was Rs. 241 crores during FY 2019-20. The company has posted Profit After Tax (PAT) of Rs. 346 crores as against Rs. 215 crores in the last financial year, registering a massive growth of 61%.

J&K Undertakes First Survey of Nomadic Tribal Population

The Jammu and Kashmir government has begun the first-ever survey and enumeration of the migratory tribal population for extending them the benefits of various welfare schemes, a senior official said on Saturday. The first survey of the nomadic tribal population has been undertaken by J&K Tribal Affairs Department with a budgetary allocation of Rs 3 crore, he said.