
Colleges to get Rs 10L aid for incubation setups
The state has made a new scheme operational, under which colleges in Goa will be provided Rs 10 lakh aid to establish incubation centres within their premises.
This is to boost the interest of youth and encourage them to come up with new startups, chief minister Pramod Sawant said on Monday.
Sawant said that the state distributed Rs 4 crore in subsidies for startups so far and that govt is offering up to Rs 10 lakh as seed funding to Goan startups, salary support of Rs 15,000 for 10 persons employed at the start-up, and an additional Rs 25,000 for those hiring Goan staff.
'We are offering subsidies for co-working space for internet and cloud services, and we are reimbursing sums spent on research and development,' said Sawant while interacting with the students of Dempo College.
He said the Entrepreneurship Development Institute of India opened its branch at the Economic Development Corporation and will help anyone desiring to set up a business with handholding.
'Anyone who wants to do a business can approach them and they will do the handholding about what type of business, what skill you have and what the future is. We have also started our Atal Incubation Centre at Goa Institute of Management.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
5 Books Warren Buffett Wants You to Read In 2025
Blinkist: Warren Buffett's Reading List
Undo
In the future, we are starting a global capability centre in Goa, which is for AI and other innovation. A centre of excellence in skilling will be made operational in Goa. A state data centre will also be started in Goa,' the chief minister said, adding that at present, 635 recognised start-ups are operational in Goa.
Further, he said, 'If you go to a state like Bihar, they are starting preparation for IAS and IPS from Class XI and even Class VIII. If we want to crack the Goa State Public Service Commission exam to become deputy collectors or mamlatdars, we have to start preparation today. Even if we want to become a clerk, we have to clear the Staff Selection Commission exam now. This is a completely transparent exam, fully computer-based, where you get your results instantly.
'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Indian Express
3 minutes ago
- Indian Express
SBI Q1 profit jumps 12.48% to Rs 19,160 crore
The country's largest lender, State Bank of India (SBI), on Friday reported a 12.48 per cent growth in its net profit at Rs 19,160 crore during the quarter ended June 2025, compared to Rs 17.035 crore in the year-ago period. 'There has been a good containment of operating expenses. Besides, on a year-on-year basis, our treasury gains have also added to profit,' Setty said. While the bank was able to maintain its core net interest income, it did not see a major fall in its net interest income (NII), despite almost 30 per cent of the book being repriced immediately on the external benchmark linked lending rate (EBLR) front, he said. Following a 100 basis points (bps) cut in the repo rate between February and June 2025, all loans linked to the repo rate have been reduced by a similar margin. The bank's non-interest income jumped 55 per cent, on back of a 352 per cent growth in forex income. The lender's net interest income fell marginally by 0.13 per cent to Rs 41,072 crore. Net interest margin (NIM) of the lender dropped by 33 basis points (bps) to 3.02 per cent in Q1FY26, compared to 3.35 per cent in the year-ago period. Setty said the growth in NIM is likely to be U-shaped, with moderation in Q1 and Q2, and pick up in the fourth quarter of the current fiscal. Gross non-performing loans (NPAs) improved to 1.83 per cent from 2.21 per cent, and net NPA stood at 0.47 per cent, as against 0.57 per cent. The bank's gross advances increased by 11.61 per cent to Rs 42,54,516 crore and domestic advances registered a growth of 11.06 per cent. Loans to small and medium enterprises (SME) grew by 19.1 per cent, followed by agri advances which rose 12.67 per cent. Retail personal advances grew by 12.56 per cent. The bank's corporate advances recorded a slower growth of 5.7 per cent on y-o-y basis and a quarter-on-quarter decline of 3 per cent. Setty attributed the muted growth in corporate loans to delay in investment decisions due to tariff related uncertainties, shift by companies from banks to market instruments for funding and on account of pre-payments. 'We have seen that the utilisation of working capital which was 62 per cent in Q1 of FY25 has come down to 58 per cent now. Also, we have seen that some of the large corporates are accessing the commercial paper (CP) market basically to replace the working capital limits,' the SBI chairman said. He expects the corporate loan book to grow at 10 per cent in the third quarter of FY26. The bank has a total corporate loan book pipeline of Rs 7 lakh crore. Commenting on the impact of the higher tariffs on the banking system, Setty said banks have limited exposure to sectors likely to be affected. These include leather, chemicals, footwear, gems and jewellery, textiles and shrimp. The bank's share price closed at Rs 804.55 apiece, down 0.09 per cent on Friday after the quarterly results were declared.


India.com
3 minutes ago
- India.com
Bad news for Noel Tata, this company profit fell by 62% to Rs…, hit by lower…
Tata Motors on Friday reported a 62.2% year-on-year drop in consolidated net profit to Rs 4,003 crore for the June quarter, hit by lower volumes across segments, reduced profits at Jaguar Land Rover due to US tariffs, and a high base from gains on the sale of discontinued operations last year. In the April–June quarter of the previous fiscal, the auto major had posted a net profit of Rs 10,587 crore, the company said in a regulatory filing. Revenue from operations came in at Rs 1,04,407 crore, compared to Rs 1,07,102 crore in the same period last year. Tata Motors Q1 Results TML's performance in the quarter was impacted by volume decline in all businesses and a drop in profitability primarily at JLR, the company said. Following the amalgamation of Tata Motors Finance Ltd (TMFL) – a wholly-owned step down subsidiary of the company – into Tata Capital Ltd, the company had received equity shares of TCL amounting to Rs 8,016 crore over the book value of net assets transferred as at appointed date of April 1, 2024, amounting to Rs 4,975 crore as gain on sale of discontinued operation in consolidated results, the filing said. 'Despite stiff macro headwinds, the business delivered a profitable quarter, supported by strong fundamentals. As tariff clarity emerges and festive demand picks up, we are aiming to accelerate performance and rebuild momentum across the portfolio. Against the backdrop of the upcoming demerger in October 2025, our focus remains firmly on delivering a strong second-half performance,' Tata Motors Group CFO PB Balaji said. How JLR Was Hit By US Tariffs? Addressing an earnings call, he said, 'In the current quarter, we (JLR) have got hit by almost 250 million pounds on (US) tariff charges because even though the deal (UK-US trade deal) was announced on May 8, it got ratified only on June 30, and it is not with retrospective effect.' Going forward, he said the correction for the reduction in tariffs from 27.5 per cent to 10 per cent under the US-UK trade deal and 27.5 per cent to 15 per cent, under the US-EU deal, along with the removal of the penalty for emission in the US will play through. 'Net impact is what we want to figure out a way to manage through the rest of the year,' he said, adding that while the US demand is holding up, China has introduced luxury tax on all imported vehicles and 'we have to figure out a way to manage that'. JLR revenues were down by 9.2 per cent to 6.6 billion pounds, impacted by significant new US trade tariffs on the UK and EU-produced cars exported to the US, and the planned legacy Jaguar wind-down. (With Inputs From PTI)


Time of India
17 minutes ago
- Time of India
All eligible women in Kotia to get Subhadra money: Parida
Koraput: State govt has decided to cover all eligible women of Kotia panchayat in Koraput's Pottangi block under , irrespective of whether their Aadhaar cards are issued by Odisha or neighbouring Andhra Pradesh, deputy chief minister Pravati Parida announced on Friday. Tired of too many ads? go ad free now Parida, who holds the portfolio of women and child development, is on a two-day visit to Koraput to review the implementation of various state govt schemes. Earlier, at least 246 women of Kotia panchayat were excluded from the Subhadra scheme as they possessed Aadhaar cards from Andhra Pradesh. "The govt has now decided to include all eligible beneficiaries, regardless of the state mentioned in their Aadhaar," Parida added. She said the 246 women will receive all three instalments under the scheme, a total of Rs 15,000, during a programme in Jeypore on Saturday, which will be attended by CM Mohan Charan Majhi. Parida further announced that Kotia's 26 existing anganwadi centres will be strengthened, with more to be set up, if required. Plans are also underway to open a Lakhpati Didi training centre to provide skill-based training to women. A mini secretariat will be constructed in Kotia to house multiple govt offices for more effective execution and monitoring of development projects. "Our aim is for holistic development of Kotia and nothing can deter us from it," Parida added. The two states have been involved in a legal tussle over the ownership of 21 out of 28 villages in Kotia panchayat. Since 1968, the matter is sub judice in the Supreme Court.