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Entrepreneur India 2016, back in its 6th year, is the largest platform to build organized and scalable entrepreneurship in India.
Entrepreneur Media hosted its annual mega convention, ‘Entrepreneur India 2016’, for Entrepreneurs, Investors, startups and SME’s, at Pullman Hotel, Aerocity, New Delhi on August 23-24, 2016.
An event packed with enthusiasm, zest and pool of knowledge, ‘Entrepreneur India 2016’, offered the much required platform to share success stories, growth models, opinions and prospective by all the dynamic entrepreneurs present at the event.
The two-day Convention was Inaugurated by Shri Priyank Kharge, Hon’ble Minister of State for IT & BT and Tourism, Government of Karnataka, followed by an impactful speech by the Hon’ble minister to promote and encourage the potential Entrepreneurs along with a great audience interaction.
The two-day event was designed to cover the major aspects of the Entrepreneurial Journey and was split into 5 major summits
- Money Summit
- Consumer Summit
- Tech Summit
- Urban Summit
- Society Summit
The conference was led by India’s senior thought leaders:
Mr. Rajeev Chitrabhanu, CEO and Managing Director of JM Financial Services Pvt. Ltd. And Mr. Sanjay Nath, Co-founder & Managing Partner, Blume Venture Advisors.
Day one started with topics like Start up India: Mission, Vision and policies around Startup India, Raising Capital for Businesses, Building Business with Public Money, New Age Enterprise Culture, Retail Vs Institutional Investors and ended with Mahatama’s of Entrepreneurship. These sessions were elaborated by our esteemed speakers and Gurus of the Entrepreneurship Industry; some of them were Rajesh Mehta from Rajesh Exports, Deepak Gaur from SAIF partners, Prashant Prakash from Accel partners, David Gowdey from Jungle ventures, Nitish Mittersain from Nazara Technologies, Sandeep Aggarwal, founder, Shopclues, Amit Somani from Prime Ventures, V Krishnan from Justdial, Brig. Dr. Arvind lal, Founder, Dr. Lal Pathlabs and Mr. Parag Shah, Author of Antar Prerna: an Entrepreneur’s Journey.
Day two mainly focused on the Urbanization of the Society, Tech-innovations, the future of consumer focused businesses and the impact of growth and innovation on the Society.
The key speakers present were Shri Jayesh Ranjan, Secretary- IT, Electronics & Communications Department, Government of Telangana, Byju Raveendran, Founder, BYJU’s, Abhiraj Bhal, Founder Urbanclap, Ravinder Pal Singh, Director, Dell, Atul Hedge, Co-founder, Rainmaker ventures, Juergan Hase, CEO – IoT Business, Reliance Group, Nishith Rastogi, Co-founder, Locus.sh and more.
Organized by Franchise India Holdings Limited and powered by Airtel, the Convention witnessed Entrepreneurship industry stalwarts. Startup Karnataka and Department of IT & BT, Government of Karnataka was the State Partners. Yes Bank, as Digital Banking Partner, Associate partner – Bolt, Knowledge Partner – Francorp, Supporting Associate – NEN (National Entrepreneurship Network) & Wadhwani Foundation, Digital Partner – Influencia.
The highlight of the show was the ‘Start-up Kick off’ programme, which included a pitch stage, mentor hall and the capital room.
There was also a demo zone area, for India’s leading start-ups to showcase their product/ technology represented by its founders, showcasing new Innovations and business concepts.
Present among the esteemed Jury were renowned Investor groups like Kalaari Capital, Rainmaker Ventures, Venture Factory, Kae Capital, Prime Ventures, Blume Ventures, Mumbai Angels, India Angel Network, YourNest Angel Fund, Startup Oasis and more.
The event was closed by Gala Entrepreneur India Awards night, where India’s Leading Entrepreneurs were recognized for their innovative and outstanding work.
More event information can be found on the website
http://www.entrepreneurindia.com/congress/
About Entrepreneur Media
The show is Organized by America’s #1 Entrepreneur magazine, with a reach in 140 countries and over 6,00,000 copies monthly and 2.1 million unique global visitors every month on http://www.entrepreneur.com, the Entrepreneur media is the largest community of Entrepreneurs across the globe.
This is w.r.t your abovesaid news article and the understated
https://europeansting.com/2019/01/09/why-a-cash-free-future-might-not-be-as-close-as-you-think/
Entrepreneurship ? It was destroyed by the demonetisation of Narendra Modi
I present the largest money laundering operation in the world sponsored by a state
The Hindoo Notebandi.Demonetisation
The Demo Scam – which no Indian Newspaper reported – as they were all paid off by the Indian state – as they are of the ilk of the Brahmins and Banias.dindooohindoo
It is the disaster of the Brain of Narendra Modi !
Part 1
Conversion Route (Elementary Level – rest to be submitted at the CIC Hearing)
• Party A has Rs 1 crore of Old Cash (which is obviously unaccounted) and the choice of paying tax and interest thereon has lapsed as there is no VDIS – and post Demo the deemed tax is 100% at the minimum
• Party B (Stage 1 Converter) has Rs 65 lacs of New Cash – which is given to Party A in lieu of the Old Cash of Rs 1 crores which is then given to Party C to X as under:
o Party C to X (Stage 2 Converter) are legal entities who trade in Nil VAT/ST products (or under Exemptions and /or Compounding) and are POS Retailers who then , make manual or backdated E-Bills for fictitious sales of items to unknown individuals and deposit the new cash into the bank
o Party C to X deposit the cash in banks whose books are open for 30-45 days before the date of announcement of the Demo or whose IT systems allow backdating of E- Bank Statements (within the period of reporting to the RBI and other Regulators)
• Party Z then taps Party A to convert the New cash Received of Rs 70 lacs into a capital entry to clean the cash at a rate of , say 15%, wiring Rs 59 Lacs to Party A, as a capital receipt etc, and taking the Rs 70 lacs of new cash from Party A
• Party Z which is basically front for Party B – hands the cash to Party B, after charing the custodial, logistics and security charges
• Party B then resumes the same chain as in Step 2 above, wherein the rate of the conversion, id.est., 30% keeps rising as the DEMO deadline appears
• Party A can convert the Rs 50 lacs into cash – new and old – at a premium, at any time that it is required
Notes
• Since converters had the new cash within a day and as per news reports , even before the announcement of Demo, they have to be part of the establishment
o If the converters had withdrawn the new notes from the bank, the banks would have tipped off the DRI/ED etc and possibly reported to the RBI – in which case they would be raided (but were not) or they would have to explain why large amounts of cash were withdrawn (for labour wages – although wages are not paid in Rs 2000 notes , agri payments etc) and on specific dates and how/why the banks were satisfied about the same
o Hence, if the converters got the new cash o/s the Banking system – that is fraud and PROOF THAT THE CONVERTERS ARE PART OF THE ESTABLISHMENT
o If the converters got the new cash from the banks – it is proof of collusion and fraud by the bankers, as past patterns of withdrawal by bank customers (for labour, wages, agri payments etc), would not support the new notes withdrawal
• Since converters had TO TRANSPORT CASH ACROSS LOCATIONS, IT WOULD HAVE REQUIRED SECURITY OR PERHAPS STATE SECURITY, they have to be part of the establishment as
o It is impossible that the state would not be aware of the logistics and security
o It is impossible that the state would not raid the cash movement
• Since Party C to X, who would have reported drastic increase in cash sales and deposit of cash into the bank , would not be able to support the same by PAST PATTERNS OF RAW MATERIAL PURCHASES AND TRADING PURCHASES AND SUCH LARGE AMOUNTS OF PURCHASES OF RAW MATERIALS IN CASH – COULD NOT HAVE BEEN JUSTIFIED BY PARTY C TO X , W/O THE SUPPORT OF THE ESTABLISHMENT
• Cash recovered in the “form of old notes” by the “DRI/ED and the Police” – were all recovered from the “so called originators” and “so called garbage dumps”- w/o “a single case of cash recovered” from “the converters/entry operators”
• No cash was recovered from the “converters/entry operators (Party B and Party C to X, as stated above)”, who are obviously part of the establishment – which is unusual , as the operators would be having the new currency which o Is either kept in a house/safe or o Stocked in the bank (which would have tipped off the DRI/ED etc or o Transferred the cash around in new stocking points and neither of the 2 above points can happen w/o the support of the establishment
• Since the GDP is still growing on the “computation mode of GDP on expenditure mode”, and there is “no shortage of notes” of less than Rs 100,it would mean that the Industrial agglomerations typified by the SSI and the Cash sector,have been “able to convert the bank deposits”, back into cash – “obviating the purpose” of the notebandi (Rs 100 is assumed,as the wages are paid in that denomination