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Petroleum Ministry launches Rs 320 cr startup fund

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New Delhi, Oct 25 (IANS) In a novel initiative by the Petroleum Ministry, 10 oil and gas companies under it on Wednesday launched a startup programme for entrepreneurs with a fund corpus of Rs 320 crore to be disbursed over a 3-year period to support innovations in the energy sector.

The scheme was launched here with memoranda of understanding (MoU) being signed by 36 startups for partnering with various state-run firms like Indian Oil, Hindustan Petroleum and GAIL India, which is India’s largest gas transmission utility.

“The people we are partnering today will establish new benchmarks for India. We have to go for out of the box thinking and disruptive frameworks,” Petroleum Minister Dharmendra Pradhan said at the launch event.

Pradhan, who has recently been elevated to cabinet rank and given additional charge of the Ministry of Skill Development and Entrepreneurship, said India could not afford to miss out on the ongoing Industrial Revolution 4.0 that signifies the changes being wrought by information technology.

He pointed out that being the third largest energy consumer in the world with an annual oil import bill of Rs 7 lakh crore, India urgently needed to act on import substitution.

“Oil import substitution can best come through alternate fuels, which can only be developed through innovation and new business models,” the minister said.

This programme is based on the premise that “oil and gas companies have the required technical acumen and financial strength to act as venture capitalists to talented entrepreneurs who wish to build businesses,” he added.

Some of the innovative projects that signed the partnership with the ministry include for developing multiuse fuel from agri-waste, remotely operated vehicles for underwater inspections, converting waste plastic to high value fuels, electronic leak detector for LPG and solar cookers.

–IANS
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Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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