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Technology Development Board
Technology Development Board (TDB), is a statutory body established by Government of India under Technology Development Board Act, 1995, to promote development and commercialization of indigenous technology and adaptation of imported technology for much wider application. The board consists of 11 Board members. The Government reconstituted the Board in March 2000. The Board plays a pro-active role by encouraging enterprises to take up technology-oriented products. The board provides equity capital or loans to industrial concerns and financial assistance to research and development institutions. The loans carry a simple interest rate of 5% per annum. GITA In order to stimulate private sector's investment in R&D, TDB established Global Innovation & Technology Alliance (GITA) as a Section 25 company in a joint venture between Confederation of Indian Industry (CII) and TDB with an equity contribution of 51:49 respectively. The GITA will assist Department of Science & Technology ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statutory Authority
A statutory body or statutory authority is a body set up by law (statute) that is authorised to implement certain legislation on behalf of the relevant country or state, sometimes by being empowered or delegated to set rules (for example regulations or statutory instruments) in their field. They are typically found in countries which are governed by a British style of parliamentary democracy such as the United Kingdom and the Commonwealth countries like Australia, Canada, India and New Zealand. They are also found in Israel and elsewhere. Statutory authorities may also be statutory corporations, if created as a body corporate. Australia Definitions Federal statutory authorities are established under the ''PGPA Act 2013''. "A statutory authority is a generic term for an authorisation by Parliament given to a person or group of people to exercise specific powers. A statutory authority can be established as a corporate Commonwealth entity or a non-corporate Commonwealth e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
India
India, officially the Republic of India ( Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand, Myanmar, and Indonesia. Modern humans arrived on the Indian subcontinent from Africa no later than 55,000 years ago., "Y-Chromosome and Mt-DNA data support the colonization of South Asia by modern humans originating in Africa. ... Coalescence dates for most non-European populations average to between 73–55 ka.", "Modern human beings—''Homo sapiens''—originated in Africa. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Science And Technology (India)
The Ministry of Science and Technology is the Indian government ministry charged with formulation and administration of the rules and regulations and laws relating to science and technology in India. Organisation The ministry includes the following departments: Department of Biotechnology Autonomous Institutes * National Institute of Immunology, Delhi *National Centre for Cell Science (NCCS), Pune, Maharashtra (formerly National Facility for Animal Tissue and Cell Culture, NFATCC) * National Brain Research Centre (NBRC), Manesar, Haryana * Kalam Institute of Health Technology, Visakhapatnam, Andhra Pradesh * Centre for DNA Fingerprinting & Diagnostics (CDFD), Hyderabad, Telangana *Institute of Bioresources and Sustainable Development (IBSD), Imphal, Manipur *National Institute Of Plant Genome Research, Delhi *Institute of Stem Cell Biology and Regenerative Medicine Bangalore. * Institute of Life Sciences, Bhubaneshwar, Odisha * Rajiv Gandhi Centre for Biotechnology, Thiruv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Agencies Of India
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lakh
A lakh (; abbreviated L; sometimes written lac) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 105). In the Indian 2,2,3 convention of digit grouping, it is written as 1,00,000. For example, in India, 150,000 rupees becomes 1.5 ''lakh'' rupees, written as 1,50,000 or INR 1,50,000. It is widely used both in official and other contexts in Afghanistan, Bangladesh, Bhutan, India, Myanmar, Nepal, Pakistan, and Sri Lanka. It is often used in Bangladeshi, Indian, Pakistani, and Sri Lankan English. Usage In Indian English, the word is used both as an attributive and non-attributive noun with either an unmarked or marked ("-s") plural, respectively. For example: "1 ''lakh'' people"; "''lakhs'' of people"; "20 ''lakh'' rupees"; "''lakhs'' of rupees". In the abbreviated form, usage such as "5L" or "5 lac" (for "5 ''lakh'' rupees") is common. In this system of numeration, 100 ''lakh'' is called one '' crore'' and is e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crore
A crore (; abbreviated cr) denotes ten million (10,000,000 or 107 in scientific notation) and is equal to 100 lakh in the Indian numbering system. It is written as 1,00,00,000 with the local 2,2,3 style of digit group separators (one lakh is equal to one hundred thousand, and is written as 1,00,000). It is widely used both in official and other contexts in Afghanistan, Bangladesh, Bhutan, India, Myanmar, Nepal, Pakistan, and Sri Lanka. It is often used in Bangladeshi, Indian, Pakistani, and Sri Lankan English. Money Large amounts of money in Bangladesh, India, Nepal, and Pakistan are often written in terms of ''Koti'' or ''crore''. For example (one hundred and fifty million) is written as "fifteen ''crore'' rupees", "15 crore" or "". In the abbreviated form, usage such as "15 cr" (for "15 ''crore'' rupees") is common. Trillions (in the short scale) of money are often written or spoken of in terms of ''lakh crore''. For example, ''one trillion rupees'' is equivalent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Rupee
The Indian rupee (symbol: ₹; code: INR) is the official currency in the republic of India. The rupee is subdivided into 100 '' paise'' (singular: ''paisa''), though as of 2022, coins of denomination of 1 rupee are the lowest value in use whereas 2000 rupees is the highest. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934. Etymology The immediate precursor of the rupee is the ''rūpiya''—the silver coin weighing 178 grains minted in northern India by first Sher Shah Suri during his brief rule between 1540 and 1545 and adopted and standardized later by the Mughal Empire. The weight remained unchanged well beyond the end of the Mughals until the 20th century. Though Pāṇini mentions (), it is unclear whether he was referring to coinage. ''Arthashastra'', written by Chanakya, prime minister to the first Mau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UTI Asset Management
UTI Mutual Fund was carved out of the erstwhile Unit Trust of India (UTI) as a Securities and Exchange Board of India (SEBI) registered mutual fund from 1 February 2003. The Unit Trust of India Act 1963 was repealed, paving way for the bifurcation of UTI into: Specified Undertaking of Unit Trust of India (SUUTI) and UTI Mutual Fund (UTIMF). T Rowe Price Group Inc (TRP Group), through its wholly owned subsidiary T. Rowe Price Global Investment Services Ltd. (TRP), has acquired a 26% stake in UTI Asset Management Company Limited (UTI AMC). UTI Mutual Fund is the oldest and one of the largest mutual funds in India with over 10 million investor accounts under its 230 domestic schemes/plans as of September 2017. UTI Mutual Fund has a nationwide distribution network, which is spread across the length and breadth of the country. Its distribution network comprises over 48000 AMFI/NISM certified Independent Financial Advisors and 174 Financial Centers. UTI Mutual Fund has been the pio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confederation Of Indian Industry
The Confederation of Indian Industry (CII) is a non-governmental trade association and advocacy group headquartered in New Delhi, India, founded in 1895. CII engages business, political, academic, and other leaders of society to shape global, regional, and industry agendas. It is a membership-based organisation. History The journey of CII began in 1895, when 5 engineering firms - Martin & Company, Burn & Company, John King & Company, Jessop & Company, and Turner Morrison & Company – decided to form the Engineering and Iron Trades Association (EITA). To promote the interests of Indian manufacturers, EITA was renamed as Indian Engineering Association (IEA) in 1912. In 1942, the Engineering Association of India (EAI) was founded to promote the interests of small and medium engineering firms. In 1974, EAI merged with IEA and formed the Association of Indian Engineering Industry (AIEI) which in 1986 became the Confederation of Engineering Industry (CEI). The CEI in 1991, be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of India
The Government of India ( ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, consisting of 28 union states and eight union territories. Under the Constitution, there are three primary branches of government: the legislative, the executive and the judiciary, whose powers are vested in a bicameral Parliament, President, aided by the Council of Ministers, and the Supreme Court respectively. Through judicial evolution, the Parliament has lost its sovereignty as its amendments to the Constitution are subject to judicial intervention. Judicial appointments in India are unique in that the executive or legislature have negligible say. Etymology and history The Government of India Act 1833, passed by the British parliament, is the first such act of law with the epithet "Government of India". Basic structure The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
