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EDC registers 110% rise in net profit since 2012: Kuncalienkar

EDC Ltd profit after tax has shown a tremendous increase of 110 per cent since 2012 with the net worth of the financial institution rising steadily from Rs 275 crore to Rs 400 crore in last four and half years under BJP-led State government.

PANAJI 

 These was revealed in the Assembly by EDC chairman and Panaji MLA Siddharth Kuncalienkar. Informing the House about the marked enhancement in performance of the institution, Kuncalienkar said, “When our govt took over, EDC used to create 0.9 entrepreneur a day. Today, EDC creates more than three entrepreneurs per day and our final aim is to create six entrepreneurs each day.” He further stated that EDC has also laid stress on shortening the time span for securing necessary sanctions. “Previously, the sanction time used to stretch beyond three months. With computerization and digitization of the system, we have succeeded in bringing it down to one month and we are now targeting sanction time of 15 days.”
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Big online byte for Goans: CM meets Amazon officials

Chief minister, Laxmikant Parsekar, met legal team of Amazon to discuss how Goans can benefit from Amazon s e-commerce platform and cloud services.

the goan I network
Published Aug 5, 2016, 5:52 AM IST
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PANAJIAmazon is the world leader in e-commerce and cloud computing space. In the three years since the launch of Amazon s operations in India, it has totally revolutionised the e-commerce space in the country. Given that, there are huge expectations because it has potential to transform Goan market as well. Director public policy, Amazon, Avinash Ramachandra, said: “The idea behind meeting the chief minister was to have an exchange of information between the state government…

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