Govt cuts allocation for major schemes under 'Startup India' initiative
Thu, Feb 1, 2024 3:57 PM

Govt cuts allocation for major schemes under 'Startup India' initiative

A Flip by Shubhangi Gupta
Get it on Google Play
The Union Budget for 2024 has not brought much cheer for startups, particularly early stage, as government cuts budget for major flagship schemes under 'Startup India' initiative. In the Budget, there has been a reduction in the allocation for the Small Industries Development Bank of India (SIDBI)-operated Fund of Funds Scheme (FFS). The allocation for FFS was cut down to Rs 1,200 crore.

More great flips

Mutual fund flows have brought a lot of resilience to Indian markets: SEBI

Mutual fund flows have brought a lot of resilience to Indian markets: SEBI

SEBI Chairperson Madhabi Puri Buch highlights the significant role of mutual fund flows in enhancing India's financial market resilience, with the industry's assets under management reaching ₹66.93 lakh crore, a six-fold increase since 2014, and 22.5 crore folios as of December 2024, driven by retail investors' shift to long-term wealth-building strategies.

Open Flip
Tata Elxsi Q3 Results 2025 on 10 Jan, 2025: profit falls by 3.6% YOY

Tata Elxsi Q3 Results 2025 on 10 Jan, 2025: profit falls by 3.6% YOY

Tata Elxsi Q3 Results 2025: Tata Elxsi declared their Q3 results on 09 Jan, 2025. The topline increased by 2.73% & the profit decreased by 3.6% YoY. Profit at ₹199.01 crore and revenue at ₹939.17 crore. As compared to the previous quarter, the revenue declined by 1.67% and the profit decreased by 13.26%.

Open Flip
Two stock recommendations from MarketSmith India for 10 January

Two stock recommendations from MarketSmith India for 10 January

Nifty50 on 9 January: On Thursday, Nifty50, India's benchmark index, closed lower in a weekly F&O expiry trading session. Taking cues from the global market, the index started on a muted note and continued to drift lower towards 23,500 to close near the day’s low at 23,526. As a result, it formed a bearish candle. Barring FMCG, all major sectoral indices closed lower.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon