Category «Economy»

Karnataka Government to spend Rs 100 cr on selected startups

karnataka government startup funding

Karnataka government will spend about Rs 100 crore to ‘elevate’ 100 startups by providing them funds and mentors to help them turn their ideas into successful businesses, IT Minister Priyank Kharge said today. The funds had been allotted under ‘Elevate Programme,” Kharge told over the phone from New Delhi. All the selected startups will not …

US inspired by India’s demonetization move

us inspired by demonetisation

The US can learn many lessons from India’s move towards a cashless economy, a top Silicon Valley expert has said while underlining that India “may have leapfrogged” American technology industry with simple and practical innovations. “India may have leapfrogged the US technology industry with simple and practical innovations and massive grunt work. It has built …

RBI imposes curbs on old note deposits exceeding Rs 5,000

rbi to curb 500 rupee note

The Reserve Bank today imposed stiff restrictions on depositing more than Rs 5,000 in the scrapped Rs 500 and Rs 1,000 notes, mandating that it can be deposited only once per account till December 30, that too after explaining to bank officials the reasons for not having done that so far. Stipulating that restrictive conditions …