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    Startup India Innovation Week (10th – 16th January 2023) kick-starts today with several events across India
    ADB, India sign $350 million loan to improve in Maharashtra
    ADB, India sign $220 million loan to strengthen power sector in Tripura
    ADB, India sign $300 million loan to improve connectivity in Assam
    ADB, India sign $350 million loan to expand metro rail network in Chennai
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January 10, 2023
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Alternative Investment Funds investing in startups spurred by coordinated regulatory outreach expands domestic capital mobilisation for startup ecosystem.
DPIIT convened a workshop on Alternative Investment Funds (AIFs) with the Ministry of Finance, IRDAI, Ministry of Labour & Employment and public institutional investors to sensitise and enable institutional investment into startups by reviewing the AIF regulatory framework and sharing success stories; concurrently DPIIT ran ASCEND SAMAGAM and multiple regional events to build entrepreneurial capacity, facilitate investor engagement, and showcase incubator outcomes across the country.
January 4, 2023
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Infrastructure financing: loan to improve road connectivity in Maharashtra, promoting inclusive growth, resilience, and gender responsive services.
A multilateral loan finances upgrading state and district roads in Maharashtra to enhance connectivity, incorporate climate resilient and disaster risk reduction design, and improve access to markets and services for rural communities and small and medium enterprises. The project mandates social inclusion measures-integrated service centres, skills training for disadvantaged groups, road safety demonstration corridors, and gender responsive highway programming-and pilots private sector long term maintenance alongside development of a handbook on climate adapted road design and maintenance.
January 4, 2023
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Power sector financing boosts grid efficiency and resilience through plant upgrades, distribution modernization, and social inclusion measures.
ADB and the Government of India financed a project to strengthen Tripura's power sector by replacing an inefficient plant with a combined cycle gas turbine to improve generation efficiency and reduce emissions, modernizing the distribution network and installing smart meters to cut losses and boost reliability, incorporating climate-resilient design for distribution assets, using trenchless methods for underground cabling to minimize socio-environmental impacts, and supporting institutional capacity building plus pilot gender-inclusive and women self-help group empowerment measures.
January 4, 2023
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Infrastructure financing enables Assam road upgrades to strengthen connectivity, climate resilience, and social safeguards and capacity building.
A loan will finance upgrading over 300 kilometres of state highways and major district roads in Assam to improve connectivity with SASEC corridors, convert single lanes to two lanes, and introduce climate- and disaster-resilient structures including elevated highways, landslide prevention, pedestrian and public-transport facilities, and viaducts to avoid human-elephant conflict; the project also restores community infrastructure, provides road-safety training, and strengthens the Assam Public Works Department while incorporating safeguards on environment, resettlement, and indigenous peoples concerns.
January 4, 2023
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Development financing for metro expansion to mandate climate-resilient, universally accessible stations and multimodal integration.
A multilateral development loan funds expansion and system works for three new Chennai metro lines, covering elevated and underground construction, stations, and core electrical, mechanical, power, and telecommunications components. Stations must incorporate climate- and disaster-resilient features and universal design for elderly, women, children, differently abled, and transgender passengers. The project requires multimodal integration through interchanges, sheltered waiting areas, bicycle facilities, drop-off/pick-up zones, and passenger information, and includes technical assistance for planning and management to support multimodal integration and transit-oriented development.

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Acts Income Tax