UPCOMING NEWS & EVENTS
Academics to get Sabbatical Leave to begin start-ups in Kerala
Kerala government has given green signal to a proposal of the state Start-up Mission (KSUM) to accord sabbatical leave to the faculty members of all colleges who intend to establish start-ups.
The new initiative would help members of the academic community in the state to become part of entrepreneurship, a statement said here today. According to the proposal, teachers can start their own start-ups, form their groups or join as founders/co-founders along with students.
The Economic Times
Demonetisation: A blow to Kerala's childless couple's dreams
KASARGOD: In a society where infertility is being considered as a curse and stigma, demonetisation has dealt a big blow to the dreams of several childless couples. Due to cash crunch and the note ban’s impact, including job loss and slump in business, a lot of couples are deciding to drop, postpone or move to low-cost treatment. The introduction of Goods and Services Tax has also upset their plans.
Kokoori Laparoscopic & IVF Clinic director Sivadas V K said the clinic has been experiencing 35-40 per cent dip in number of patients for the past one year.
“The patients have been stopping scheduled treatments or postponing them. In private talks, they cite lack money as the reason,” said Dr Sivadas, whose clinic charges Rs 1.5 lakh for In Vitro Fertilisation (IVF) and Rs 5,000 for Intra-Uterine Insemination (IUI). Sivadas said patients, in order to cut costs, were asking for IUI treatment instead of IVF.
By K C Arun | Express News Service | Published: 09th November 2017 07:42 AM
Economic Review Paints Demonetisation Woes
The Economic Review 2017, tabled in the Kerala Assembly on Thursday, on the eve of the LDF government’s first full budget, underlined the need to overcome fiscal mismanagement and stagnation and to urgently work out a recovery strategy.
The State Planning Board, which prepared the review, revealed that the revenue deficit had come down to 1.36% in 2010-11, but after this growth in the state’s tax revenue as well as other major revenue components were not buoyant enough to facilitate revenue-led fiscal consolidation. The fiscal deficit which represents the total resource gap had witnessed a steady rise in the last five years. In 2015-16 the revenue deficit was 1.65% of GSDP against 2.78% of GSDP in 2014-15.
On the effects of demonetisation on the state’s economy, the review report said 56% of the state’s economy was immediately affected by the withdrawal of high denomination notes. It also affected earnings from the tourism sector and in the flow of remittances, which are important drivers of growth in the state’s economy. The ongoing contractions in GDP growth will be worsened by the cash crunch and result in reducing revenue collection and widen revenue and fiscal deficit gaps.
Government forms Sub-committee for Land Acquisition as part of LIFE Mission
The state government has constituted a sub-committee to prepare guidelines and for land acquisition, deciding unit cost etc as part of LIFE housing mission. The sub-committee has been constituted as per the decision made by chief minister Pinarayi Vijayan during the review meeting held in July.
The committee has been authorised to settle the issues related to land through single window. When the committee convenes meeting on land acquisition, the secretary to government in respect of ownership pf land, technical experts like chief engineer LSGD, PWD ( buildings), and chief architect ( PWD buildings may be made as special invitees.
Insurance Scheme for Renewable Energy Workers Launched
The Agency for Non-Conventional Energy and Rural Technology (ANERT) on Monday launched a State-level insurance scheme for technicians working in the renewable energy sector. Minister for Power M.M. Mani launched the scheme under the Centre’s Akshaya Urja initiative.
The insurance covered by United India Insurance Company offers compensation up to Rs. 3 lakh, in addition to assured treatment aid of Rs. 30,000. Officials said it was for the first time an insurance scheme had been announced for technicians working in the risky sector.
Kerala GAIL project: Full compliance with safety protocols
KOCHI: The Gas Authority of India Ltd (GAIL) on Thursday submitted before the Kerala High Court the laying of the pipeline for the LNG project was fast progressing after complying with all safety standard protocols.In an affidavit, R C Krishnan, Deputy General Manager, stated rerouting of the pipeline through the seashore will prevent people in various districts from reaping the benefit of the project, which involves an investment of more than Rs 3,300 crore.
By Express News Service | Published: 10th November 2017 01:42 AM |
Last Updated: 10th November 2017 09:09 AM
Kerala plans Rs 500-crore fund-of-funds for state-based start-ups
Kerala could teach the rest of the country a thing or two on tourism, literacy and conservation, but when it comes to start-up investing, the southern coastal state has been much at sea.
The way out, the Kerala government has figured, is to create a fund-of-funds and invite investors to back young companies based in the state. The target: Create a corpus of Rs 500 crore for Kerala-based start-ups over the next three years.
The Economic Times, September 14, 2017
Kerala Start up Mission to establish 50 fabrication laboratories
Kerala Start up Mission (KSUM) will establish 50 Fabrication Laboratories at various technical colleges in the state to train students to design and manufacture any products using advanced manufacturing machines, a senior official said here today.
"eSUM has earmarked Rs 10 crore for the project which will be a fabricating platform enabling students to come forward and develop their ideas in the lab.
The Economic Times
Kerala Startup Mission to provide fund for ideas from Colleges
The Kerala Start up Mission (KSUM) has initiated a financial aid project, Idea Day, to provide a fund for innovative projects, ideas and products from college campuses.
The Economic Times, September 25,2017
Kerala Startup Mission, Google, IAMAI to launch
Internet and Mobile Association of India (IAMAI), which has launched Mobile10X programme to make the country a global app superpower, will collaborate with Google and Kerala Start up Mission (KSUM) to launch the Kozhikode edition of ‘Hack for India’ on October 21 and 22.
UNI, October 15, 2017
Kerala to set up electronic manufacturing hub
Kerala is planning to roll out a set of policies to create a conducive ecosystem for the growth of electronic hardware sector. The aim of the policy is to set up an electronics manufacturing hub in the state by leveraging on its skilled human resources and high consumption.
The Government of Kerala has already made clear its intent of promoting electronics hardware manufacturing in the state. For this, policy initiatives like setting ups hardware parks and funding for EMCs .
The state government had earlier brought out an Electronic System, Design and Manufacturing policy to boost the sector in the state. It envisions turning Kerala into preferred destination for ESDM investment and a leader in electronic design and embedded software. The policy will focus on skill development, promoting start-ups and innovation and creating quality infrastructure for manufacturing.
The Economic Times
KSUM, Mahindra tie up for Start up Innovation Day
Kerala Start up Mission (KSUM) is set to provide an opportunity for young and budding entrepreneurs in the country to associate with leading automobile company Mahindra and Mahindra (M&M) through its initiative Start-up Innovation Day.
To be conducted in collaboration with M&M, start-ups representing various technologies and sectors all over India can present their projects to the Mahindra leadership team.
United News of India, September 27, 2017
Startups in Kerala set to get big boost
College teachers in Kerala will soon be able to whet their entrepreneurial appetite in the emerging start-up segment, without risking their career and steady revenue. The Pinarayi Vijayan government has cleared a proposal to let teachers take a sabbatical, if they are game to launch their own start-ups along with students. “This would be a two-way street. While the college teachers can benefit by joining as founders or co-founders, their direct participation will fetch responsibility and experience to the student start-ups, boosting their credibility and efficiency.,” says M Sivasankar, principal secretary (IT) in the Kerala government. This incentive, apart from the $80-million fund that the state government, had recently announced, can be enjoyed over the next three years. On a pilot basis, a few faculty members will be cherry-picked to kick-start “the sabbatical for start-up” project.
The Financial Express, October 24, 2017
Transgenders can write Kerala Public Service Commission exams as women: Kerala High Court
Transgender in Kerala can now appear for the exams conducted by the Kerala Public Service Commission (KPSC). The Kerala High Court on Wednesday issued a directive to let transgender write the exam considering them under the female category.
The court issued an interim order while hearing a petition seeking special column for transgender in the Public Service Commission's application form for various exams. There are only two columns - male and female in the form as of now.
Since there is no third option for transgender, they were not able to apply for jobs. The petitioner had alleged that by not including an option for transgender in application forms, the Constitutional right to equality of opportunity is being violated as far as matters related to public employment are concerned.