AI-BASED VOICE RECOGNITION AND LANGUAGE TRANSLATION TECHNOLOGIES WILL EMPOWER DIGITAL INCLUSION IN INDIA

Hello Readers, INDIA is home to more than a billion people who speak hundreds of different languages and dialects, although only 22 languages are recognized constitutionally. Almost 75% of the population can read, write, and speak in their native language, and a significant percentage prefer voice-based interactions. These communication barriers present challenges for many in […]

FINTECH STARTUPS: SURGING THE DIGITAL ECOSYSTEM

Introduction: Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities. The explosion of fintech companies as startups isn’t surprising. Fintech is a booming industry that’s on everyone’s mind, especially investors. […]

Blockchain Metaverse is the Future

WHAT IS BLOCKCHAIN? Blockchain is an innovative distributed ledger technology which was first introduced in the design and development of cryptocurrency, Bitcoin in 2009 by Satoshi Nakamoto. Blockchain is an amalgamation of various innovations, with a clear business value. Blockchain enables a shared ledger among the various parties involved in business transactions, which acts as […]

Seed Funding Scheme for Startups

Startup India Seed Fund Scheme (SISFS) has been implemented from April 1, 2021 which gives financial help to early-stage start-ups in the form of simple access to funds, which is critical for entrepreneurs at the start of their business’s growth. You can think of the “seed” funding as part of an analogy for planting a […]

Unicorn Startups – Rare Breed to New Normal

Dear Readers, “Startup” is often treated as a catch-all buzzword among businesses. But despite popular belief, the term isn’t just reserved for tech companies in Silicon Valley. So, what constitutes a startup? In short, they’re typically companies that tick the following boxes: a) Entity is working towards innovation, development or improvement of products or processes […]

EMPLOYEE STOCK OPTIONS PLAN OR EMPLOYEE STOCK OWNERSHIP PLAN (ESOP)

Meaning: Employee Stock option plan or Employee Stock Ownership Plan (ESOP) is an employee benefit scheme that enables employees to own shares in the company. ESOP motivates the employee to be committed towards the company for a long term and also take ownership of the company making the employee more committed towards the Company. Employee […]

Know all about Account Aggregator Network- a financial data-sharing system

Last week India unveiled the Account Aggregator (AA) network, a financial data-sharing system that could revolutionize investing and credit, giving millions of consumers greater access and control over their financial records and expanding the potential pool of customers for lenders and fintech companies. Account Aggregator empowers the individual with control over their personal financial data, […]

PRODUCTION LINKED INCENTIVE (PLI) SCHEME FOR FOOD PROCESSING INDUSTRIES:

INTRODUCTION: The government of India has approved a new Central Sector scheme – “Production Linked Incentive Scheme for food Processing Industries” to support the creation of global food manufacturing commensurate with India’s natural resource endowment and support Indian brands of food products in the international markets with an outlay of RS.10,900 Crore. The food processing […]

THE PRODUCTION LINKED INCENTIVE(PLI) SCHEME FOR PROMMOTING DOMESTIC MANUFACTURING OF WHITE GOODS (AIR CONDITIONERS & LED LIGHTS)

INTRODUCTION: The Department for Promotion of Industry and Internal Trade (DPIIT) on Friday said it will provide incentives worth Rs 6,238 crore over a period of five years for manufacturing white goods–air conditioners (ACs), LED lights–in India, a part of its production-linked incentive (PLI) scheme. The scheme will be effective from the date of its […]