Hyderabad among top 5 startup hubs in country
Hyderabad has emerged as one of the top 5 startup hubs in the country in terms of deal count and funding, with close to $900 million funding coming into the Hyderabad and Telangana ecosystem, M Srinivas Rao, CEO, T-Hub said.’
Pointing out that 2021 was a breakout year for the country’s unicorn ecosystem with close to 42 unicorns being added to take the total number of unicorns in India to 81, MSR said Telangana now has four unicorns.
Study on Start-ups By NASSCOM
According to a recent NASSCOM report, India’s startup environment has grown over double. The country’s startup industry grew to 330 billion dollars between 2020 and 2021.
The year 2021 was a watershed moment for startups. Between 2020 and 2021, 65,000 startups generated 6.6 lakh direct jobs and 34.1 lakh indirect jobs.
The retail, EdTech, BFSI, Retail Tech, SCM and Logistics, Food Tech, and mobility businesses created the majority of the new jobs.
The number of value deals more than tripled. Deals worth more than $100 million USD saw a significant increase in the number of deals.
Among the startups, there is a willingness to take chances. The level of investor confidence has risen.
Investors from India were involved in 50% of the deals signed. The number of transactions grew by thrice.
India-Israel Industrial R&D & Technological Innovation Fund
During their eighth ruling body meeting, India and Israel recently expanded the I4F.
The India-Israel Industrial Research and Development Technological Innovation Fund (I4F) is a joint fund for industrial research and development in India and Israel.
The fund’s size has now been increased to 5.5 million USD.
Essentially, the fund will be used for agricultural, health care, and mosquito control projects.
Telecommunications, agriculture, information technology, pharmaceuticals, and homeland security are all examples of industries.
Agriculture has the strongest link between the two sectors. The Indo-Israel Agriculture Project has been in operation for over ten years.
Hologram Statue of Netaji
The Prime Minister Narendra Modi is to unveil a hologram statue of Netaji Subhash Chandra Bose near India Gate in Delhi. The statue is to be unveiled on Netaji’s 125th birth anniversary. His birth anniversary falls on January 23rd.
The statue is powered by 4k projectors, capable of delivering 30,000 lumens of brightness value. The cost of these projectors is around 15 lakh rupees. Their projection capacity is 13 by 13 feet. The statue is 6 feet wide and 28 feet tall. Apart from projector, the technology also demands a screen. The screen is invisible to the visitors.
The birth anniversary of Netaji is celebrated as Parakram Divas. It is celebrated on January 23. It was celebrated for the first time in 2021. Netaji birthday is an official holiday in Tripura, Assam, Jharkhand, West Bengal.
Merger of Amar Jawan Jyoti
Recently, Central government rejected the contention that Amar Jawan Jyoti has been extinguished.
Government further asserted that Amar Jawan Jyoti has been merged with the flame at “National War Memorial” in the vicinity.
They are of the view that, this merger will mark a tribute to the fallen soldiers befitting their sacrifice.
India Gate is a memorial, honouring the fallen heroes of the First World War. Amar Jawan Jyoti was added to it in 1972 because India did not have another memorial.
Rural Area Development Plan Formulation and Implementation (RADFI)
The Ministry of Panchayati Raj recently revised the Rural Area Development Plan Formulation and Implementation. The plan has been revised to increase rural prosperity.
The town areas are increasing. The spatial development in gram panchayats is not planned well. The census towns are increasing. It is essential to link the agro – climatic regions with the Sustainable Development Goals.
The plan aims to improve spatial rural planning. It intends to transform the villages and provide better quality of life. Also, it aims to implement effective land planning. The RADFI includes the Village Planning Scheme, which is currently operating under the Town Planning Schemes. The Village Planning Scheme is implemented in urban villages.
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