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Suresh Prabhu Is The New Minister Of Commerce

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Suresh Prabhu is New Minister Of Commerce,New Minister Of Commerce,Minister of Commerce and Industry,second women defence minister,Nirmala Sitharaman,Prime Minister,Startup India Hub,Startup Stories,Inspirational Success Stories 2017

Suresh Prabhu is the new Minister of Commerce and Industry, post a cabinet reshuffling that took place on Sunday. The former Railway Minister will take over the role from Nirmala Sitharaman. Sitharaman will take charge of the Ministry of Defence to become the second women defence minister after Indira Gandhi.

Speaking about his ninth cabinet level position Prabhu said, “I am extremely happy that the prime minister has asked me to do something in Make In India, Start-up India and ease of doing business in India. All of these are the flagship programmes of the government which have to be implemented and I look forward to doing that in the right earnest.” Prabhu recently met with Prime Minister Narendra Modi to offer his resignation as the Minister of Railways after taking the blame for the Kalinga Utkal Express’ derailment that killed 23 last month. In a series of tweets, he revealed the Prime Minister had asked him to ‘wait’ instead of resigning.

As the new Minister of Commerce, Prabhu said he will be responsible to ensure faster economic growth, address the challenge of creating more employment opportunities, bring in more foreign direct investments (FDI) and increase exports for greater competitiveness. Prabhu will be representing India in the upcoming Regional Comprehensive Economic Partnership (RCEP) negotiations and the upcoming WTO Ministerial in Buenos Aires in December. He will be facing the tough challenge of championing India’s trade interests at RCEP and will have to look for a permanent solution on public stockholding for India’s food security, as promised at the Bali Ministerial 2012, by the WTO members. He will also be announcing the new industrial policy which will be released this October to take the country out of the current industrial slump. A new industrial policy proposal was initially announced by Nirmala Sitharaman. Apart from that, Prabhu will also have to finalize the new Foreign Trade Policy for 2020-2025.

Nirmala Sitharaman, in her tenure as the minister of commerce, introduced several schemes for the benefit of the Indian startup ecosystem. She recently constituted a task force on artificial intelligence to leverage AI for development across various fields and launched a Rs. 2000 crores credit fund guarantee scheme for startups. She also successfully set up the Startup India Hub, a virtual platform to host startups, investors, funds, mentors, academia, incubators, accelerators, corporates, government bodies and more in order to be a dynamic and interactive platform.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

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Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

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Ixigo Halts Bookings for Flights and Hotels to Turkey, China

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Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

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