INDIA’S JUNIOR BOYS AND GIRLS TEAMS END THEIR CAMPAIGNS AT THE FIBA 3×3 U18 ASIA CUP 2017
- India’s junior boys and girls were seeded 14thin their respective categories and were placed in Qualifying Draw 1. The winner of Qualifying Draw 1 would then go on to be placed in Pool C of the main tournament.
- The girls team finished 1-1 after beating Turkmenistan while the boys team finished with a record of 0-2.
- The 3rdedition of the tournament has 32 teams competing for the title in Cyberjaya, Malaysia.
- Qatar and Japan are the defending champions in the men’s and women’s category respectively.
Bengaluru, 26th May 2017: The Junior Boys and Girls representing India have ended their campaign at the FIBA 3×3 U18 Asia Cup 2017.
The junior boys lost their first game against Lebanon 12-18 and went on to lose their second game against Turkmenistan 9-20 to finish with a 0-2 record in the tournament and not make it out of the main draw.
On the other hand, the junior women finished the tournament 1-1 as they beat Turkmenistan 21-9 but fell to Chinese Taipei 17-12 who went on to qualify for the Main Draws of the FIBA 3×3 U18 Asia Cup 2017 with a perfect record.
For India, Sreekala Rani (15) and Vaishnavi Yadav (14) were the leading scorers for the girls team while Prashant Tomar (8) was the top scorer for the boys team in the tournament.
The matches of the tournament are being streamed live on FIBA 3×3’s YouTube channel.
The entire Indian squad lists and the pools for the tournament were as follows:
THE SQUADS
Men
| Sr. No. | Name | Position | State/Unit | |
| 1 | Bhagyansh Gulati | Player | Uttar Pradesh | |
| 2 | Prashant Tomar | Player | Karnataka | |
| 3 | Princepal Singh | Player | Punjab | |
| 4 | Sejin Mathew | Player | Kerala | |
| 5 | Dilip Gurumurthy | Team Leader | Karnataka |
Women
| Sr No | Name | Position | State/Unit |
| 1 | Ishwarya Janardhanan | Player | Tamil Nadu |
| 2 | Sreekala Rani | Player | Kerala |
| 3 | Vaishnavi Yadav | Player | Uttar Pradesh |
| 4 | Harshitha Kelttira Bopaiah | Player | Karnataka |
| 5 | Jeena Zachariah | Team Leader | Indian Railways |
POOLS FOR THE TOURNAMENT
Image credits: FIBA.com
ABOUT THE FIBA 3×3 U-18 ASIA CUP
The 3rd FIBA 3×3 U-18 Asia Cup 2017 is being held in the Malaysian city of Cyberjaya from 26th to 28th May. Thirty-two teams from 17 different countries are participating. Sixteen men’s teams and sixteen women’s teams are competing at the tournament – as well as the mixed shoot-out contest – hosted by FIBA in cooperation with the Malaysian Basketball Association (MABA) and organised by NBL Asia. Bahrain, Turkmenistan and Jordan are making their debuts at the event.
The event will then be played with 12 teams per gender, divided into 4 pools of 3 teams. The pools will not be determined through a draw, but will be automatically created, based on the 3×3 Federation Ranking of the participating countries as of 1 March 2017.
The top 2 teams from each pool will then qualify to a knock-out phase starting from the quarter-finals.
FOR MORE INFORMATION VISIT: WWW.FIBA.COM/ASIA/3X3U18/2017
HISTORY OF THE EVENT
THE FIBA 3×3 U18 ASIA CUP 2017, STAGED IN CYBERJAYA, MALAYSIA, WILL MARK THE 3RD EDITION OF THE COMPETITION.
2013 (Bangkok, Thailand)
| COMPETITION | GOLD | SILVER | BRONZE |
| MEN’S TEAM EVENT | Philippines | India | China |
| WOMEN’S TEAM EVENT | Chinese Taipei | India | China |
2016 (Cyberjaya, Malaysia)
| COMPETITION | GOLD | SILVER | BRONZE |
| MEN’S TEAM EVENT | Qatar | Philippines | Malaysia |
| WOMEN’S TEAM EVENT | Japan | Kazakhstan | Malaysia |
| SHOOT-OUT CONTEST | Kawachi Kodai (JPN) | Yoveta Paguno (INA) | Arnold Thevakuman (SRI) |
FOR MORE INFORMATION VISIT: HTTP://WWW.FIBA.COM/ASIA/3X3U18/2017/HISTORY
ABOUT BASKETBALL FEDERATION OF INDIA
The Basketball Federation of India or BFI is the governing and controlling body of basketball in India, and is responsible for the development and promotion of the sport at all levels. BFI has been involved in conducting camps, clinics, events, and training sessions at its academies for the development of basketball. BFI came into being in 1935 and took complete control over Indian basketball in 1950. Prior to that time, the Indian Olympic Association handled the conduct of Indian basketball championships. Since 1950, the BFI has been conducting various such championships, from the grassroots to senior team participation in international tournaments. In addition, the BFI has been responsible for the establishment of strong sub-junior and junior level programs. The BFI has to its credit produced several international players of repute, among them 17 have been bestowed with the honour of Arjuna Awards. Earlier in June 2015, 19-year-old Satnam Singh Bhamara made history by becoming the first Indian national to be drafted by an NBA team, when he was selected by the Dallas Mavericks. More information at www.basketballfederationindia.org
TAORMINA G7 SUMMIT
The second day of the G7 in Taormina kicked off at 8.30 with a welcome ceremony for political leaders and representatives of international organizations that today have joined the Heads of State and Government of the G7 countries.
African leaders include the President of Niger Mahamandou Issoufou, Kenya’s President Uhura Kenyatta, Tunisia’s President Beji Caid Essebsi, Nigeria’s Deputy Prime Minister Yemi Osinbajo and Ethiopia’s Prime Minister Haile Mariam Desalegn.
Representatives of African organizations who are involved in today’s sessions are African Union Chairperson Alpha Condé, African Union Commission Chairperson Mahamat Moussa Faki, and President of African Bank for Development Akinwumi Adesina.
UN Secretary General Antonio Guterres, OECD Secretary General Angel Gurría, International Monetary Fund Managing Director Christine Lagarde, and World Bank President Jim Yong Kim are attending the Summit as well.
African leaders include the President of Niger Mahamandou Issoufou, Kenya’s President Uhura Kenyatta, Tunisia’s President Beji Caid Essebsi, Nigeria’s Deputy Prime Minister Yemi Osinbajo and Ethiopia’s Prime Minister Haile Mariam Desalegn.
Representatives of African organizations who are involved in today’s sessions are African Union Chairperson Alpha Condé, African Union Commission Chairperson Mahamat Moussa Faki, and President of African Bank for Development Akinwumi Adesina.
UN Secretary General Antonio Guterres, OECD Secretary General Angel Gurría, International Monetary Fund Managing Director Christine Lagarde, and World Bank President Jim Yong Kim are attending the Summit as well.
The first day of the G7 in Taormina ended with a dinner hosted by Italian President of the Republic Sergio Mattarella, preceded by the Scala Philharmonic Orchestra’s performance in the stunning setting of the Greek Theater.
The summit began this morning at 11:30, with a welcome ceremony, and continued with three working sessions, on foreign and security policy, international economy and sustainable growth.
At the end of the first day, leaders signed the G7 Taormina Statement on the Fight Against Terrorism and Violent Extremism.
Sessions will resume tomorrow morning when G7 leaders will be joined by the Heads of State and of Government from five African countries, as well as by representatives of various international organizations.
DMA CALL FOR DELHI MEDICAL BANDH ON 6TH JUNE
DMA CALL FOR DELHI MEDICAL BANDH ON 6TH JUNE
Only Emergency Services will remain open.
Delhi Medical Association in its State Executive Committee held today called for TOTAL MEDICAL BANDH on 6thJune 2017 to protest against the various laws and rules enforced and imposed upon the medical fraternity, in the presence of National President Dr. K.K. Aggarwal, Hony. General Secretary Dr. R.N. Tondon, Delhi Co-ordinator Past National President Dr. Vinay Aggarwal and all the Presidents and Secretaries of IMA Local Branches in Delhi, Past Presidents and other eminent doctors from all over Delhi.
Dr. Vijay Kr. Malhotra, President, DMA said that Indian Medical Association,(IMA) with all State Branches from all over India & Delhi Medical Association (DMA) with all its 13 branches spread out all over in Delhi is going to hold a Massive PROTEST MARCH – DILLI CHALO: RAJGHAT CHALO on Tuesday, 6th June 2017 at 8.00 am at Rajghat New Delhi and March to Indira Gandhi Indoor Stadium for meeting and address to the doctors coming from all the states to highlight the various problems being faced by the medical fraternity. He further calls upon theGovernment to heed the voice of medical profession otherwise we will be forced to intensify our agitation in the coming days.
Dr. Satish Tyagi Hony. State Secretary, DMA said that it is a call from DMA to all its esteemed members and owners of hospitals, nursing homes and medical establishments in Delhi to keep their establishments closed till 2 pm on 6thJune as it is a Total Medical Bandh. However emergency services will remain open. He further said that this is only start of our agitation on these very important issues. It will be followed by Nation wide Medical indefinite Strike in the whole country. DMA has also given a appeal to all major corporate Hospital and Government hospital doctors to join this Satyagraha at Rajghat on 6th June 2017.
To show the unity and strength of the medial fraternity, all the members will be reaching Rajghat on 6th June at 8 am to protest against the various draconian laws and rules. It is Do or Die and Now and Never situation for medial fraternity said
Dr. Puneet Dhawan, Hony. Finance Secretary, DMA
Dr. Puneet Dhawan, Hony. Finance Secretary, DMA
We demand –
1. Implementation of Inter – Ministerial Committee Report.
2.Stringent Central Act against Violence on Medical Professionals
3.No criminal charges on doctors while performing professional duties.
4.Single Window Registration of Doctors and Medical Establishments.
5. IMA /DMA representative in every government Health Committee.
6.No interference in freedom to choose quality affordable drugs, investigations and treatment.
7.Reimbursement to Private Hospitals by government for Emergency Services given to poor who cannot afford the cost.
8. Capping on Compensation for medical negligence.
9.Improve infrastructure and manpower in hospitals.
10. Fix Duty hours and improve working conditions of doctors.
Dr. Vijay Kr. Malhotra Dr. Satish Tyagi
President, DMA Hony. State Secretary
M: 9650685468 9811172377
STC $500 MN VENTURE CAPITAL FUND FOR START-UPS
STC is the largest Arab telecommunications firm in terms of capitalization, with more than 100 million customers in nine countries including Turkey, South Africa, India and Malaysia. STC to set up a $500-million venture capital fund to invest in start-up companies. Saudi Arabia is trying to promote small and medium enterprises, and to expand its investment and industrial base as well as develop the digital infrastructure to support such growth.
“The fund will invest globally in promising technologies and digital sectors, especially in areas where the company can tap into its assets and infrastructure and help it enable its investments to grow,” Saudi Telecom Co (STC) chief executive officer Khaled al- Biyari said in a statement.
The fund will be managed independently of STC.
“This historic step will be a pivotal turning point for the technology system in the region,” Biyari said.
1ST INDIA – COMMONWEALTH SME TRADE SUMMIT
Mr Naresh Kumar Sagar
Chairman
Sagar Media INC
Dear Mr Sagar,
Greetings from India-Commonwealth SME Association (ICSA) and Federation of Indian Micro and Small & Medium Enterprises (FISME), one of the founder Members of ICSA.
The update is as follows:
1) Confirmation & Registration No.: Thanks for your confirmation to participate in the First India-Commonwealth SME Trade Summit. Kindly note, we have registered your name (complimentary entry) and the registration No. is 286. Though we have shared the registration number twice with all the delegates who had confirmed but still we are receiving calls that we have not received the registration number and that is the reason why we are sharing this registration number again though we are fully aware that most of the delegates have receive the registration number and have also acknowledged it. Thanks for your understanding and co-operation.
2) List of Overseas delegates: The list 1 & list 2 of the overseas visitors have been compiled into one list and can be viewed on ICSA website viz., www.icsa.net.in . After the home page opens click on “Read More” which appears in the green box and then on the next page where you have registered just next to that click on “LIST OF OVERSEAS DELEGATES”. Next to it you can click on “Agenda” and also view the updated programme schedule.
3) Request for B2B meetings: The companies with whom you are interested to meet you can let us know and we would fix your meeting. Please do specify if you want the meeting on 30thor 31st or on both dates of May 2017. Kindly note, those who have already sent request for B2B meetings we are processing the request and would inform you as soon as possible. In case, you do not hear from us please note, we would ensure that you are able to meet the companies during the Summit. We are trying our best to inform you in advance.
Look forward to meet you on 30th and 31st of May 2017 at hotel – The Lalit, New Delhi.
With best regards
Mukesh Kalra
Organizing Team – 1st India – Commonwealth SME Trade Summit
C/o. Federation of Indian Micro and Small & Medium Enterprises (FISME)
B – 4/161 Safdarjung Enclave,
New Delhi – 110029
Cell.: +91 – 9811465438
DEAR SAGAR MEDIA INC, THANK YOU!
Dear Sagar Media Inc,
Thank you!
Your suggestions have helped build the final draft of our National Policy for Women.
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TELECOMS DEBT RS.8,00,000CR > AGR GROWTH (-) 33% IN 4YRS
May26, 2017 (C) Ravinder Singh progressindia2015@gmail.com
ET reported very DREADFUL situation in Telecom sector.
GoI, TRAI & Banks Supporting MUKESH AMBANI in Price War.
BANKERS had forecast Revenue of TELCOs Which Now Include JIO of Mukesh Ambani could slip down to Rs.1,30,000 Cr for FY2018, (-) 33% from Q4 2014 level without JIO.
NON JIO TELCOs REVENUES DOWN TO HALF OF FY2014 BY MARCH 2018 IN SPITE OF HUGE EXPENDITURE.
Even as DEBT Of Telecom Sector DOUBLED Under NDA-II, Net Revenue reported for Q3 2017 is (-) 9.17%. Q4 2017 results as per research reports is (-) 20%.
AGR for Q4 2017 shall be much less than Q4 2014 – NEGATIVE.
There was rapid growth in Telecom AGR even when CAG made out imaginary LOSS FIGURES that finally led to Cancellations Of Licenses and Spectrum. Q4 AGR for 2010 was Rs.28,830 before CAG report and Rs.41,016 Cr Q4 for 2014 recording AGR of 42.27% in 4 years.
TELCOs REVENUE GROWTH 3 Yrs Comparison
UPA 30.33% Growth > NDA – Negative > (-) 33% FY2018
http://www.trai.gov.in/sites/default/files/Indicator_Report-Mar-11.pdf – http://www.trai.gov.in/sites/default/files/Indicator%20Report%20-%20Mar-12%20_final_.pdf
http://www.trai.gov.in/sites/default/files/Indicator%20Reports%20-01082013.pdf – http://www.trai.gov.in/sites/default/files/Indicator%20Reports%20-%20Mar-14.pdf – http://www.trai.gov.in/sites/default/files/Indicator-Reports-Mar12082015.pdf – http://www.trai.gov.in/sites/default/files/Indicator_Report_05_August_2016.pdf – http://www.trai.gov.in/sites/default/files/Indicator_Reports_Dec_16_07042017.pdf –
Quarterly Adjusted Gross Revenue of Telecom Companies
Year
|
Amount in
Rs. Crores
|
Annual
Growth Rate %
|
Quarterly
Growth Rate %
|
Q4 2011
|
31,471
|
9.16%
|
5.16%
|
Q4 2012
|
34,457
|
9.49%
|
1.10%
|
Q4 2013
|
35,279
|
2.39%
|
2.18%
|
Q4 2014
|
41,016
|
16.27%
|
3.64%
|
Q4 2015
|
45,158
|
10.1%
|
3.60%
|
Q4 2016
|
48,379
|
7.13%
|
4.97%
|
Q3 2017
|
45,905
|
(-) 4.68%
|
(-) 9.17%
|
PREDICTED
|
33,333
|
(-) 25%
|
Average
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Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 9871056471, 9718280435, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects
SCREENING OF FILM VELVET REVOLUTION ON TUESDAY, 30 MAY 2017
Dear Colleagues,
Attached is the e-invitation for our screening of the film VELVET REVOLUTION about women journalists speaking truth to power.
The screening is on Tuesday, 30 May, 6:30 p.m., in the UN Conference Hall at 55 Lodi Estate.
Do try and come to watch the film, and feel free to share this invite with those interested in issues of media freedom.
Best-est,
RAJIV CHANDRAN
National Information Officer
United Nations Information Centre
for India and Bhutan
55, Lodi Estate, New Delhi 110003
Tel: 91 11 46532237
M: 9810606833
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17 BOOKS FOR SUMMER 2017
25 May at 7:00 PM
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SMART HOMELAND SECURITY COST NOTHING SOUND FIR SAFE INDIA
Smart Homeland Security Cost Nothing Sound FIR Safe India
May25, 2017 (C) Ravinder Singh progressindia2015@gmail.com
May25, 2017 (C) Ravinder Singh progressindia2015@gmail.com
There are three primary aspects of Homeland Security –
1. ECONOMIC SECURITY; Indian GDP is already around $2500b and annual financial transactions could be $12,000b to $15,000b.
a. Cash in circulation is $200b only and monitoring of this alone that too largely politically driven is not addressing Economic Security.
b. Cyber Security considered very important but in economic terms is insignificant.
c. India is not serious about Intellectual Property, no share in Global $40,000b IPR.
b. Cyber Security considered very important but in economic terms is insignificant.
c. India is not serious about Intellectual Property, no share in Global $40,000b IPR.
2. DISASTER PREVENTION & MANAGEMENT; India has little idea of Disaster Prevention and very poorly manage DISASTERS.
a. Natural Disasters practically Paralysis Indian Administration – whether it is Tsunami or Cyclone, Uttarkhand Landslides & Floods, Earthquakes, and Draughts are weak areas.
b. Accidents Rate is Rising – Roads & Rail, Industrial, Fires & Infra-Building Collapse.
b. Accidents Rate is Rising – Roads & Rail, Industrial, Fires & Infra-Building Collapse.
3. PREVENTION & MAINTENANCE OF LAW & ORDER; Law Enforcement Agencies Primary Duty is to Protect ‘Fundamental Rights of People’ – Their Life & Liberty and Property.
DETAILS – THREE CASES: –
D1. While IT and Law Enforcement is Exploring Transaction of Rs.50,000 or above of Indians but there is NO CHECK ON Rs.200,000 Cr LOANS SECURED BY MUKESH AMBANI FROM PUBLIC DEPOSITS. Bank Depositors are entitled to know the DOCUMENTS SUBMITTED with Banks for Securing Loans like Project Reports.
Ø Any Indian Company or Business that has taken Rs.100 Cr or More Loans Must Provide Full Disclose of Its Operation like Security & Exchange Commission, SEC Of USA.
Ø BANKS must Exercise EXTREME CARE in Granting Loans in excess of Rs.100 Cr – Can’t be Granting BANK LOANS to Provide Free Services.
Ø It is OBVIOUS TAX EVASION When PROFIT Making & Loss Making Operations are ACCOUNTED AS ONE COMPANY. Refinery with Oil & Gas, Retail & Telecom
D2. There was GROSS MISMANAGEMENT in Uttarakhand Disaster of 2013.
Ø THERE ARE 6 MAIN RAIL & 7 ROAD HEADS to visit Uttarakhand [Tanakpur, Haldwani, Ramnagar, Kotdwar, Rishikesh & Dehradun] but Entire Tourist Traffic of over 10m was and is routed through Rishikesh For Entry as Well as Exit ON UNSAFE & OVERLOADED ROUTES. Even a minor Landslide Traps 15,000 Pilgrims. [web photo page 3]
Ø Opening MULTIPLE ENTRY & EXIT POINTS would make Yatras Safe & Fast.
Ø Multipurpose Storage Dams must be built URGENTLY to Contain Floods.
D3. Strong and Unbiased FIR without any External Influence is Desired to PROTECT FUNDAMENTAL RIGHTS, LIFE, LIBERTY & PROPERTY OF ALL Indians.
Smart Homeland Security Cost Nothing Examples –
Ø A Smart CHEAT with BOGUS Engineering Degree would lure RICH Businessmen with promise of Low Interest Loans – take ‘Undated Checks’ as Commission – then present these Checks for Encashment without arranging LOANS and Businessmen would BLOCK the Checks – he then filed Scores of section 138 Cases. He would put Rich Businessmen in Jail and make them spend lakhs on Bail & Bail Bonds.
Ø SMART POLICE OFFICER WOULD ASK HIM TO GIVE ‘AN AFFIDAVIT LISTING ALL HIS 138 CASES’ – THIS COST LITTLE and INVESTIGATE HIS PAST HISTORY before registering 138 Cases.
Ø Complainant who OBJECTED MALICIOUS LIES was made ACCUSED in 66A Case harassed for Six Years by INFLUENCIAL POLITICIANS.
Ø Are CLASSIC Cases of Complainants & Victims Made Accused.
Ø An Exchange Deal was concluded in which a Businessman Offered 4 Acres of Fertile Land in Uttaranchal for 2 Acres of Land in Amritsar. Farmer handed over Possession of his 2 Acres of Land but Documents of Land in Uttaranchal were FORGED/FAKE.
Ø Victims of CHEATING are WRONGLY advised to file CIVIL Case and SUFFER For Decades was Finally Decided in Supreme Court.
Ø Matter Went to POLICE Scores of Times when Both Parties CLASHED with each other over ‘Sowing & Harvesting Of Crops and Construction Activity’.
Ø CHEATING CASES LEAD TO MILLIONS OF CRIMINAL CASES, RAPES, MURDERS, EXTORTIONS, ASSAULTS, PROPERTY GRABBING ETC CAN BE PREVENTED BY SMART POLICING.
Ø Police Role is Gradually Restricted in Many ECONOMIC Sectors. Police merely assist DISCOM Vigilance Teams.
Ø But POLICE is HELPLESS When DISCOMS indulge in RUNNING ALL ELECTRICITY METERS – NOTHING PREVENTS POLICE FROM REGISTERING & INVESTIGATING CHEATING CASES OF FAST METERS & FABRICATED THEFT CASES.
Ø CAG Discovered 1999 CHEATING by RIL in KG Bain in 2011 and 2013.
OF VAGRANTS & MIGRANTS: ON THE DISCURSIVE LIMIT OF LAW
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| CPR is pleased to invite you to a talk (as part of the Social Change series) on Of Vagrants & Migrants: On the Discursive Limit of Law Dr Avishek Ray |
| Tuesday, 6 June 2017, 3:00 to 4:30 p.m. |
| Conference Hall, Centre for Policy Research |
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| Image Source |
How law perceives the world is often grounded in systems of values and beliefs adopted by the legal practitioners: their interpretive frameworks, prejudices and dispositions, which shape the very ‘paradigms’ upon which they choose to see the ‘facts’ and frame their methods of inquiries. In other words, ‘truth’ in the eyes of the law is but ex post facto (re)construction of ‘reality’ achieved through narratorial articulation of relevant events and chosen facts. Taking off from here, this talk sets out to understand: how do we unpack the social ‘constructivism’ of the apriori assumptions that cloak the idea of the ‘vagabond’ in the legal imagination? How does law ‘frame’ the vagabond as a sub-set within the ‘human’? What conflates this idea with the notion of the ‘abject’? Why at all is vagrancy perceived as punishable in the eyes of the law? Invoking a few case studies, both from India and beyond, this paper points to the arbitrariness in the juridico-political imagination and the ambiguity in the legal articulation of the ‘vagabond’.
Dr Avishek Ray teaches at the National Institute of Technology Silchar, Assam after having earned his PhD (2014) in Cultural Studies from Trent University, Canada. He has also completed a PhD Coursework (2009-10) in Cultural Studies from the Centre for the Study of Culture & Society (CSCS), Bangalore.
He has worked on what may loosely be called archaeology of vagabondage: the political and philosophical implications of the social construct ‘vagabond’ and cultural representations thereof in the context of South Asia. He has edited a Bangla anthology on Religion & Popular Culture, and published in reputed journals like Inter-Asia Cultural Studies (Routledge), Canadian Journal of Comparative Literature, Journal of Human Values (SAGE) among others. He has held research fellowships at IIM Calcutta, University of Edinburgh (UK), Purdue University Library (USA) and Pavia University (Italy).
Please RSVP at workshop@cprindia.org
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CHANGES IN DEFINITION OF START UP
Changes in definition of Start Up
Startup India was launched by the Government of India on 16th January, 2016 to build a strong eco-system for nurturing innovation and Startups in the country to drive economic growth and generate large scale employment opportunities.
In order to promote entrepreneurship in the country, the Government of India has amended the definition of a Startup. The following significant changes have been made to change the definition of Startups –
a) Age of Startup increased: Taking into account the long gestation period by Startups to establish, an entity shall be considered as a Startup up to seven years from the date of its incorporation/ registration (from earlier 5 years). However, in the case of Startups in the Biotechnology sector, the period shall be up to ten years from the date of incorporation/ registration.
b) No Letter of Recommendation required: No letter of recommendation from an incubator/industry association shall be required for either recognition or tax benefits
c) Potential of Job and Wealth Creation: The scope of definition has been broadened to include scalability of business model with potential of employment generation or wealth creation.
As a constant endeavor to facilitate the Startup ecosystem, the Department of Industrial Policy and Promotion (DIPP) has been holding extensive consultations with stakeholders. The above changes are an effort to ensure ease of starting up new businesses to promote the Startup ecosystem and build a nation of job creators instead of job seekers.
TRUMP ARRIVES AT VATICAN
US President Donald Trump arrived at the Vatican on Wednesday for talks with one of his most high-profile critics, Pope Francis, after the two men exchanged sharp words during the presidential campaign last year.
Under clear blue skies, Trump received a tribute from the Swiss Guard in a Vatican courtyard where he was greeted by Archbishop Georg Ganswein, the prefect of the pontifical household.
Trump looked uncomfortable as he entered a small elevator taking him to the third floor of the Apostolic Palace, where he was accompanied by Ganswein and other officials along a frescoed corridor to the pope’s private study.
Trump were daughter Ivanka, her husband, Jared Kushner, a top White House aide, national security adviser HR McMaster and adviser Hope Hicks.
The pope did not smile as he greeted Trump outside the study. Trump, seeming subdued, said “it is a great honour.”
The two men then posed for photograghs and the pope kept a stern face while Trump beamed for the cameras.
Trump’s meeting with Pope Francis, his third stop on a nine-day foreign tour due to end on Saturday, is part of his world tour of religions after meeting leaders of Muslim nations in Saudi Arabia and visiting holy sites in Jerusalem.
But while his talks in Saudi Arabia and Israel were mostly friendly, the meeting between the head of the Roman Catholic Church and the thrice-married, blunt-spoken Trump could be a little more confrontational.
Trump moves on to Brussels for a NATO summit, followed by the last stop on his trip, to a Group of Seven summit in Sicily.
ISRAELI DEFENSE MINISTER UNEASY OVER US-SAUDI ARMS DEAL
Israeli Defense Minister Avigdor Lieberman said Wednesday he was uneasy over a massive US-Saudi arms deal announced at the weekend, saying it was part of a “crazy” regional arms race. In the first public comment by an Israeli official on the $110-billion US sale of ships, tanks and the latest anti-missile systems to the kingdom, Lieberman said he had expressed his concerns in recent talks with US National Security Adviser HR McMaster. “I’m not at peace with any arms race and the huge Saudi purchase for sure doesn’t add much to our peace of mind,” he said in an interview with Israeli army radio. “It’s not just the Saudis, its also the Emirates, also the Qataris, also the Iranians; they are all acquiring weapons,” Lieberman said. “We are following developments and are aware and have ways of dealing with this.”
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