MENU 
NEW DELHI: The Union Cabinet on Thursday evening approved an outlay of Rs 10,372 crore for five years for the India AI Mission, aimed at fostering innovation in artificial intelligence through public-private partnerships. Ahead of the general elections, the government also announced the extension of Rs 300 per LPG...
NEW DELHI: An inter-ministerial committee (IMC) led by the coal ministry on Thursday suggested that GST compensation cess should be imposed on an “ad valorem” (according to value) basis so that it is directly related to the price and quantity of coal, instead of a flat rate of Rs...
MUMBAI: Banks that issue business credit cards will have to monitor the end use of funds on account of those, the Reserve Bank of India (RBI) has mandated while amending its master directions for credit and debit cards. “Card-issuers may issue business credit cards to business entities/individuals for business...
NEW DELHI: The Narendra Modi government has drawn up a plan to introduce cross-border and group insolvency norms simultaneously through amendments to the Insolvency and Bankruptcy Code (IBC), as it expects to assume power for a third term, a government source told FE. “The ministry of corporate affairs has...
NEW DELHI: India could bring Big Tech companies under the ambit of the proposed digital competition law if they have 10% of their global user base or business transactions in the country, people aware of the details told ET. This is aimed at addressing potential antitrust concerns involving systemically...
NEW DELHI: Union minister Ashwini Vaishnaw on Thursday made a case for reforming economic laws to suit India’s growth requirement as has been done through enactment of three new criminal laws to replace the colonial-era legislations. Addressing an event organised by government think tank NITI Aayog, Vaishnaw said the...
NEW DELHI: State gas utility GAIL (India) Ltd and oil producer ONGC will explore possibility of using Shell’s import terminal at Hazira in Gujarat for importing ethane and other hydrocarbons to fuel their petrochemical ambitions. GAIL had in May last year signed a memorandum of understanding with Shell Energy...
MUMBAI: The Reserve Bank of India and Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding to promote use of local currencies for bilateral transactions. The MoU was signed here for establishing a framework to promote the use of local currencies viz., the Indian Rupee (INR) and the...
NEW DELHI: India’s horticulture crops production is estimated to remain flat at 355.25 million tonne in 2023-24, despite a fall in onion output by 4.7 million tonne, according to the government data. Releasing the first advance estimates for 2023-24, the agriculture ministry said that the horticulture production in the...
CHENNAI: TVS Supply Chains Solutions Ltd has expanded its warehouse footprint in the country, by adding 6.50 lakh sq ft additional space at its ultra-modern facility in Hosur, the company said on Thursday. The global supply chain solutions provider, in a statement here, said with the latest expansion, the...