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Govt approves Rs 10,000 crore Startup India Fund of Funds 2.0, key details to know

The Union Cabinet has approved the Startup India Fund of Funds 2.0 (Startup India FoF 2.0) with a total corpus of Rs 10,000 crore to mobilise venture capital for the country’s startup ecosystem.The scheme is aimed at accelerating the next phase of India’s startup growth by mobilising long-term domestic capital, strengthening the venture capital ecosystem…

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Govt clears Rs 10,000 crore Startup India Fund of Funds 2.0 to boost early-stage, deep-tech startups

The government on Friday approved the second tranche of the Startup India Fund of Funds Scheme with a corpus of Rs 10,000 crore, aimed at encouraging early-stage startups and deep-tech research, Prime Minister Narendra Modi said in a social media post.On his first day at Seva Teerth, his new office, PM Modi signed files linked…

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No irregularities in 133 luxury vehicles’ purchase, claims J&K govt | India News

JAMMU: Facing charges of irregularities in the procurement of 133 luxury vehicles in FY 24-25, Jammu & Kashmir govt on Thursday in a written reply in the assembly denied the allegations and asserted the purchases by various depts and PSUs were strictly in accordance with the prescribed norms.“There has been no deviation,” transport minister Satish…

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Mega Rs 3.6 lakh cr defence deal: Govt approves proposals for procurement of 114 Rafale jets, missiles

NEW DELHI: The Union defence misiter Rajnath SIngh led Defence Acquisition Council (DAC) on Thursday cleared the procurement of 114 Rafale fighter jets, combat missiles and Air-Ship Based High Altitude Pseudo Satellite (AS-HAPS), and other procurements at an estimated cost of Rs 3.25 lakh crore.The council, granted Acceptance of Necessity (AoN) for the project, which…

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Govt proposes new defence acquisition procedure aligned with evolving geo-strategic landscape

NEW DELHI: In keeping with changing times, the govt has proposed a new ‘Defence Acquisition Procedure (DAP)-2026’ that aims to align India’s defence acquisition with the rapidly evolving geo-strategic landscape, growth of Indian economy, the skilling of human capital, growth of private defence industry in the country and technological imperatives of modern warfare. DAP is…

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