Tewari: Health care, cleantech, semiconductor and other hardware, and even on-premise software.

FORBES: Venture Capitalists: We're Doing Fine! Really!

The federal government will give the fund in phases over the next four years through March 31, 2017, said Mr. Tewari, the minister.

WSJ: India's Bihar State Gets $2.2 Billion Federal Aid

Federal Information and Broadcasting Minister Manish Tewari, while announcing the financial package under the Backward Region Grant Fund program, said the government's decision wasn't influenced by politics.

WSJ: India's Bihar State Gets $2.2 Billion Federal Aid

Tewari: The pace of innovation and entrepreneurship is just accelerating.

FORBES: Venture Capitalists: We're Doing Fine! Really!

Information and Broadcasting Minister Manish Tewari said Monday the matter is before the court and that if the government has something to say, it will say that in the court.

WSJ: India Agency: Changed Coal-Probe Report on Minister's Suggestion

The cabinet committee also cleared a proposal from the finance ministry to launch an exchange-traded fund that will raise money from investors and invest in state-run companies, Mr. Tewari said.

WSJ: India Clears IKEA's $1.95 Billion Proposal

Founded in Bangalore by Harvard Business School graduate and ex-McKinsey consultant Naveen Tewari (see photo) in 2007, inMobi has leaped from India to international markets, deriving more than 95 percent of revenues from outside India.

FORBES: Indian Startup Takes Turf From Google - Next Act?

Tewari graduated with a mechanical engineering degree from the prestigious Indian Institute of Technology Kanpur in 2000, then worked as a business analyst for McKinsey in Mumbai, where he had the opportunity to see Indian business magnate Mukesh Ambani launch Reliance Infocomm in 2002 and usher in a digital revolution in India.

FORBES: Indian Startup Takes Turf From Google - Next Act?