Seed body moots export policy, promotion council

The Federation of Seed Industry of India (FSII) has requested the central government for a national policy for exports to ensure a smooth process between central government, state governments, Genetic Engineering Appraisal Committee (GEAC) and ports. A special cell under the ministry of agriculture should be formed to deal with export promotion and facilitation such…

China’s per capita GDP crosses USD 10,000 mark for the first time

For the first time, the per capita GDP of China, the world’s most populous nation, has exceeded the USD 10,000-mark in 2019, a top official said on Friday. The per capita Gross Domestic Product in 2019 reached 10,276 US dollars at the average exchange rate, exceeding the 10,000-dollar mark, Director of the National Bureau of Statistics, Ning Jizhe said. As a country with 1.4 billion people and a per capita GDP of more than 10,000 US dollars, China will contribute more to the development and progress of the world, he said.

Cuttack to Delhi, Amazon for $2-bn annual exports by Indian sellers

Buoyed by the success of Indian sellers exporting products to global markets through its e-commerce platform, Amazon has raised its target of exporting India-made products to $2 billion per year till 2025, up from its $1 billion sales in the first three years of its global selling programme in the country (May 2015-April 2018).

Bharat Bandh on January 8; banking services to be hit

Banking services across the country are likely to be hit as Central trade unions have called for a strike on January 8 (Wednesday). The nation-wide strike is set to witness lakhs of people from across the country in participation. Several bank unions are also slated to join the all-India general strike which has been called to protest against the Narendra Modi government’s recent banking reforms and labour policies. The unions are also demanding a salary hike and other benefits from the Central government through their strike

RBI launches new prepaid payment instrument for digital transactions up to Rs 10,000

The Reserve Bank of India (RBI) on Tuesday introduced a new type of semi-closed prepaid payment instrument (PPI), which can be used only for purchase of goods and services up to a limit of Rs 10,000. Money will be loaded or reloaded in the new PPI only from a bank account for making digital payments such as bill payments, merchant payments, etc. The new PPI could be issued on the basis of essential minimum details sourced from the customer.

This VC fund will dedicate $100 million to invest in Indian B2B startups

The Indian startup ecosystem has witnessed the business-to-consumer (B2C) startups garner all the limelight and investor attention. However, the case is quite different when it comes to business-to-business (B2B) firms. And now, there is a venture capital fund that wants to dedicate around $100 million to nurture, support, and grow these startups.