News Flash – Ecostar Business

Development mission for women and children

adminFebruary 2, 20221685 Views0

The Central government has significantly increased its share to achieve Mission Poshan 2.0, Mission Shakti and Mission Vatsalya. Women and children constitute 67.7 per cent of India’s population. Their safety and secured living environment are crucial for the sustainable and equitable development of the country and for achieving transformational economic and social changes. The government ensures well-nourished and happy children as well as confident, self-reliant women by providing them with an environment that is accessible, affordable, reliable, free from all forms of discrimination and violence. The prime objective of the ministry is to address gaps in State action for women and children and promote inter-ministerial and inter-sectoral convergence to create gender equitable and chi...

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Government invites applications for the DLI Scheme from domestic semiconductor chip design firms.

adminJanuary 17, 20221230 Views0

The government has the vision to create a vibrant ecosystem for semiconductor chip design in the country. For this, the Ministry of Electronics and Information (MeitY) is seeking applications from 100 domestic companies, Startups and MSMEs under its Design Linked Incentive (DLI) Scheme. The government announced this scheme in December last year. Under the scheme, a part of the Rs 76,000 crore package, extends financial incentives and design infrastructure support to domestic companies, Startups and MSMEs across various stages of development and deployment of semiconductor design for integrated circuits (ICs), chipsets, system on chips (SoCs), systems and IP cores and semiconductor linked design for over five years. The scheme aims to nurture at least 20 domestic companies invo...

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Chips to Start-up: Good news for engineers

adminJanuary 17, 20221185 Views0

The Ministry of Electronics and Information (MeitY) has also sought applications from 100 academia, R&D organisations, start-ups and MSMEs under its Chips to Startup (C2S) Programme. The Chips to Startup (C2S) Programme aims to train 85,000 high-quality and qualified engineers in the area of Very-large-scale integration (VLSI) and Embedded System Design as well as result in the development of 175 ASICs (Application Specific Integrated Circuits), Working Prototypes of 20 System on Chips (SoC) and IP Core repository over five years. This will be a step towards leapfrogging in the Electronics System Design and Manufacturing (ESDM) space by way of inculcating the culture of SoC/ System Level Design at the Bachelors, Masters and Research level and act as a catalyst for the growth of Start-...

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Passenger car to be safer with more airbags

adminJanuary 16, 20221408 Views0

The government has made the driver airbag a compulsory fitment on all motor vehicles used for the carriage of passengers, comprising not more than eight seats, in addition to the driver’s seat, manufactured on and after 1st July 2019. An airbag is a vehicle occupant-restraint system that interferes between the driver and the vehicle’s dashboard during a collision. That prevents serious injuries. Subsequently, the government has made it mandatory to have front-seat airbags other than the driver in all M1 category vehicles effective from 1st January 2022. To enhance the safety of occupants of the motor vehicle against the lateral impact, the government has decided to boost safety features by amending the Central Motor Vehicles Rules (CMVR), 1989. The recent draft notificat...

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Vinisha’s solar-powered ironing cart

adminJanuary 14, 20221172 Views0

Vinisha Umashankar, a student innovator turned environmentalist from Tiruvannamalai district of Tamil Nadu, has been selected as a "change-maker" and Baton-bearer for the ongoing 16th official Queen’s Baton Relay in India. The young innovator and fledgling environmentalist Ms Vinisha has been an inspiration for many. The 16th official Queen’s Baton Relay started at the Buckingham Palace in London on 7th October 2021 and is scheduled to conclude on 28th July 2022 at the Opening Ceremony of the Birmingham 2022 Commonwealth Games after travelling 72 nations and territories of the Commonwealth for 294 days. With the arrival of the Baton in India, the 27th nation in the route, the Queen's Baton Relay will continue in India from 12th to 15th January 2022. Ms Vinisha Umashankar recei...

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Beware of illegal foreign job recruiting agencies, warns Dr. Suresh Kumar Madhusoodanan

Ecostar Editor MagNovember 26, 20202021 Views0

Indian workers need better training. Skills training and training for language proficiency will determine the potential of overseas job opportunities in the years to come, said Dr Suresh Kumar Madhusoodanan, former General Secretary of the Personnel Export Promotion Council and Managing Director of the Seagull Group of Companies. He was speaking at a seminar organised by the International Organization for Migration on the challenges faced by Indian migrant workers’ in skilling and missing opportunities. There are about 15 million Indian job seekers moving abroad every year. Out of which, 7.5 million are legal and 3.5 million are illegal job seekers. The remaining 4.5 million job seekers are dependent on foreign jobs, he pointed out. Of the total Indian migrant workers only l...

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WHO dropped remdesivir from Covid-19 drug list

adminNovember 21, 20201622 Views0

The drug, found ineffective in the solidarity trial, was administered on several hundred thousand Covid-19 patients. There were reports that US President, Donal Trump was treated with this drug along with other drugs. November 20, the World Health Organization (WHO) spokesperson has said it has suspended Gilead’s remdesivir from its so-called prequalification list, which is an official list of medicines used as a benchmark for procurement by developing countries. Earlier, it had issued guidance against its use in hospitalised COVID-19 patients. The Solidarity Trial, a global human trial launched by WHO and its partners had found the drug effective for the treatment of Covid-19. “Yes, we have suspended it from the PQ (prequalification list). The suspension is a...

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Mega GST fraud caught

Ecostar Editor MagNovember 12, 20201859 Views0

Delhi based Baan Ganga Impex is found to Have invoices from non-existing 48 entities creating a web of suppliers among themselves and passing on ITC to each other. It availed invoices worth Rs 685 crore from fake entities and managed to get refund of Rs 35 crore. On the basis of specific intelligence as well as further data mining and analysis on GSTN and E-way bill portals, the officers of CGST Delhi South Commissionerate, have busted a syndicate of firms involved in availing invoices/E-way bills issued on the GSTIN of fake/dummy firms and getting Refund of IGST on the strength of such fake Invoices. A case was booked against Baan Ganga Impex, New Delhi (GSTIN 07AAMFB0425A1Z4). From preliminary scrutiny of the seized documents, the data/information available on E-way Portal/GSTN portal...

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Insight: meet of Narsee Monjee College

adminJanuary 29, 20192321 Views0

Insight means the capacity to gain an accurate and deep understanding of something. In its pursuit to shed light on the practical application of theoretical concepts, Insight was evolved.Insight, with its inception in the year 2016, is the annual Business, Finance, and Economics meet of Narsee Monjee College. Spread across a span of three days, Insight provides students from all streams and disciplines a chance to participate and explore. Be it an exposure to the different worlds of business, finance, and economics through the speaker sessions, a chance to discuss and debate world issues at model Parliamentary Debate or our Global Youth Economic Summit, participating and showcasing their acumen through various intellectual events, Insight has it covered. The participants will have t...

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Sabarimala Crisis: Bad time for small business

adminJanuary 4, 20192477 Views0

Sabarimala is situated in the Pariyar Tiger Reserve region on the well-known western ghat mountain. On average, 20 million people visit the hill-top temple every year with the larger influx between Mid November and mid-January. During this season alone the temple earns around Rs 225 crore, as per the last year’s estimate. Defying the hostile topography, treading several miles through the dense forest, climbing steep hills, and braving wild animals the pilgrims reach there to have a glimpse of their might lord Swami Ayyappa. That has built for the tiny State flourishing religious tourism. An increasingly large number of pilgrims now flow in from across the border. Though the exact economic benefit of this tourism cannot be quantified, it must be said that the pilgrimage renders a huge...