Govt Funds

UK govt can reclaim GBP 500 mn funding if Tata Steel fails on commitments

Tata Steel signed a GBP 500 million grant funding pact with the UK government to advance the installation of a low-carbon electric arc furnace at Port Talbot

Commerce Ministry to seek more funds for startups in upcoming Budget

The commerce and industry ministry may seek more funds for startups in the forthcoming Budget, to be announced by the new government, to promote innovation in the country, an official has said. The new government may announce the Budget for 2024-25 in July. The seed fund scheme, announced in April 2021 with a corpus of Rs 945 crore, will end in 2025, and the ministry may consider proposing a new scheme on similar lines. The seed fund scheme was aimed at providing financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialisation. The fund was divided into four years for providing seed funding to eligible startups through incubators across India. Easy availability of capital is essential for entrepreneurs at the early stages of growth of an enterprise, and the capital required at this stage often presents a make-or-break situation for startups with good business ideas, another official said. There are over 1.17 lakh ..

Govt to acquire 5k hectares of land for industries in Naxal-hit Gadchiroli

The Maharashtra government plans to acquire 5,000 hectares of land in Gadchiroli district, affected by Left Wing Extremism, for industrial development, Industries Minister Uday Samant said on Friday. He made the announcement during a review meeting of the industries department and the District Planning Committee. Samant highlighted the interest of several major industrial houses in establishing their units in Gadchiroli which has created the need for substantial land acquisition. The minister informed about the proposed Rs 22,000-crore investments by companies like Lloyds Metals and Varad Ferro in the district, for which he said, MoUs have been signed and notifications are set to be published soon. Plans to acquire land for new industries were outlined at the meeting, covering areas like Chamorshi, Mulchera, Armori and Sironcha, totalling approximately 5,000 hectares, he said. Ambuja Cement, JSW and other companies have expressed willingness to set up units in Gadchiroli which ...

Telangana says Centre owes it over Rs 1 trn in the form of funds, grants

He said that as per the Reserve Bank of India report, Telangana's debt rank is 23rd in the country

HC pulls up AAP govt for not abiding by order on release of corp funds

The Delhi HC pulled up the AAP govt for not abiding by its order to release to the corporations the transfer duties, parking charges and deductions towards loan repayments within the time limits.

Sebi, government in talks for transfer of surplus funds

Extra funds with regulatory bodies have been a contentious issue for years

States not spending govt funds for urban homeless shelters: SC

SC suggested an audit of the money disbursed under NULM, saying it could possibly be done by CAG