“StartUps for Railways” launched to encourage young entrepreneurs
The Indian Railways on Monday launched its innovation policy “StartUps for Railways” to encourage young entrepreneurs to come up with new ideas and their implementation.
The policy was launched by minister of railways, communications and electronics and information technology Ashwini Vaishnaw in New Delhi and viewed live at North central Railway (NCR) headquarters here at Prayagraj by the NCR general manager along with DRMs of Prayagraj, Jhansi and Agra divisions from their respective divisional offices.
“The idea is to popularise the scheme and encourage young entrepreneurs to come up with ideas and implement them. This policy will bring scale and efficiency in the field of operation, maintenance and infrastructure creation through participation of very large and untapped startup ecosystem,” said chief public relation officer (CPRO) of NCR Shivam Sharma.
Expressing his happiness on launch of this initiative, the minister said through this platform startups will get a good opportunity to connect with railways.
“Out of over 100 problem statements received from different divisions, field offices/zones of railways, 11 like rail fracture, headway reduction etc. have been taken up for phase 1 of this programme. These will be presented before the start ups to find innovative solutions,” the minister said.
Sharma said the railway minister requested the startups to use this opportunity and ensured them of support from railways in form of 50% capital grant, assured market, scale and ecosystem.
IR’s innovation portal has been launched which is available on web address www.innovation.indianrailways.gov.in, the NCR CPRO said
Salient details of IR’s innovation policy:
Grant up to ₹1.5 crores to innovator on equal sharing basis with provision of milestone-wise payment.
Complete process from floating of problem statement to development of prototype is online.
Trials of prototypes will be done in Railways.
Enhanced funding will be provided to scale up deployment on successful performance of prototypes.
Selection of Innovator/s will be done by a transparent and fair system through online portal.
Developed IPR will remain with innovator only and assure developmental order to innovator. De-centralization of complete product development process at divisional level to avoid delays.
PHOTO CAPTION: Live online telecast of the event being attended by officials (HT)
REPORTER: K Sandeep Kumar
Compensation against land acquired for the Ambala ring road project will be disbursed to land owners from next week, officials of the district administration said on Thursday. “NHAI has already released ₹150 crore for land compensation. Further process for disbursement will be initiated by the district revenue officer,” said Kuldeep Chand, an official from the technical branch of NHAI's Ambala zone office.
While the first decade of 2000s began with the launch of several self-financed courses at Panjab University, envisaging them as money-spinners, not all courses have managed financial viability in the long run. University Institute of Applied Management Sciences and University Institute of Legal Studies are generating surplus revenue. Even in the next near, the income of ₹7.05 crore fell short of the expenditure of ₹20.55 crore.
Thieves broke into a house in Sector 8-C while the family was away at Shimla, and decamped with ₹3.5 lakh in cash and some gold jewellery. On returning home on August 10, they found the cupboards in their house ransacked and ₹3.5 lakh in cash, along with gold jewellery, missing. On The complainant, a retired bank officer's complaint, Jagdeep Singh, police lodged an FIR under Sections 380 (theft) and 457 (house-trespass) of the Indian Penal Code at the Sector-3 police station.
Cheaper booze in Punjab has left the liquor contractors in Chandigarh in red, as Bacchus lovers have turned to neighbouring Mohali for their liquor fix. After the recent cut in liquor prices in Punjab under its new excise policy, liquor vend contractors in Chandigarh claim their sales have declined by 40% to 50% within days and unless, the tax rate in Chandigarh is brought on par with Punjab, the slump in their sales will continue.
A day after a 26-year-old lineman was electrocuted to death while fixing power lines in Mubarakpur, Dera Bassi, the police on Thursday lodged an FIR against a junior engineer with the Punjab State Power Corporation Limited. The junior engineer, Talwinder Singh, was booked under Section 304-A (causing death by negligence) of the Indian Penal Code. The deceased lineman, Mandeep Singh, was a resident of Sundran village, Dera Bassi.