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NEW DELHI: NITI Aayog has called for easing of access to export finance and a concerted push to boost e-commerce exports to realise the potential of the country’s micro, small, and medium enterprises (MSMEs). In a report released on Wednesday, the Aayog said small firms have encountered difficulties in...
MUMBAI: The Indian economy may clock over seven per cent growth rate in FY25 too if conditions are favourable, chief economic advisor (CEA) Anantha Nageswaran said on Wednesday, even as he exuded confidence about the country achieving a hat-trick of seven per cent growth in the ongoing financial year....
NEW DELHI: Ajay Bhushan Pandey, chairperson of the National Financial Reporting Authority (NFRA), on Wednesday said that the agency is working on establishing an innovation lab or sandbox to support auditing techniques. Pandey said that NFRA is also focusing on encouraging the development and introduction of artificial intelligence (AI)...
NEW DELHI: It’s not only big tech firms like Google, Meta, Amazon, which are opposed to the proposed ex-ante digital competition law. Domestic platforms having leadership position in segments they operate in are also opposed to any such legislation. Interestingly, in the case of big domestic platforms, their local...
NEW DELHI: The Law Commission has suggested introduction of a new “trade secrets” law to buttress the protection for firms and businesses from third party misuse of proprietary information, by including more categories to the current list of protected domains like copyright, patents and other intellectual property. Under the...
AHMEDABAD: India’s first Semiconductor fabrication unit set up by Tata Electronics in a joint venture with a Taiwanese partner will produce its first chip from Dholera Special Investment Region (SIR) by December 2026, said Ashwini Vaishnaw, Union Minister for Information Technology and Electronics on Wednesday. “The first chip from...
The Ministry of Heavy Industries (MHI) on Wednesday announced a new promotional scheme for electric two and three-wheelers for four months, beginning April 2024, with an outlay of ₹500 crore. The scheme, Electric Mobility Promotion Scheme, 2024, aims to further promote e-mobility, particularly in the two and three-wheeler segments,...
Amazon Global Selling, the e-commerce giant’s export platform for micro, small and medium enterprises, is collaborating with the Ministry of Commerce and Director General of Foreign Trade to further accelerate sales from districts that have good export potential. “What we have done over the last two years is specifically...
NEW DELHI: India is all set to assist Bhutan in establishing a robust pool of energy professionals like energy auditors and technicians while spearheading the widespread adoption of the Star Labeling Programme across the neighbouring country’s household sector. This initiative aims to make star-rated energy-efficient products more accessible to...
NEW DELHI: A majority of tuberculosis (TB) patients do not exhibit the hallmark symptom of persistent cough, a study that analysed data on more than 600,000 individuals in Africa and Asia has said, underscoring the pressing need for innovative diagnostic approaches to combat the world’s most deadly infection. This...
NEW DELHI: A manufacturing slowdown and slower public capex spending led to industrial growth easing to 3.8% in January compared with 4.2% in the previous month, showed government data released Tuesday. Mining expanded 5.9% in January compared with 5.2% in the previous month, whereas electricity production increased 5.6% from...
NEW DELHI: India’s headline inflation remained almost flat at 5.09% in February, compared with 5.1% in the previous month, prompting experts to believe that the Reserve Bank of India will hold interest rates steady at its next policy meeting in early April. “…three successive quarters of 8% plus GDP...
MUMBAI: The Securities and Exchange Board of India (SEBI) is expected to grant relief to foreign portfolio investors (FPIs) with concentrated holdings in Indian companies without a promoter group by exempting them from stricter disclosure requirements if there is no risk of breach of public holding norms. The board...
NEW DELHI: State-run coal companies are seeking a larger role in non-fossil energy. These firms have set a target of achieving 9 giga watt (GW) of renewable energy capacity by the year 2030, a major part of which solar energy. The move is expected to give a significant push...
MUMBAI: India’s real GDP growth in FY24 will be “closer” to 8 per cent on higher activity in industry and services verticals, Chief Economic Advisor V Anantha Nageswaran said on Tuesday. Addressing a conference organised by ARIA (Association of Registered Investment Advisors) virtually, Nageswaran said the growth will be...
NEW DELHI: Commerce and Industry minister Piyush Goyal has exuded confidence that during this fiscal, the country’s goods and services export numbers will be at the same level; as it was last year despite slowdown and uncertainties in the global trade. He also said that the government measures such...
NEW DELHI: On the fourth anniversary of the COVID-19 pandemic, a study has said that global life expectancy dropped by 1.6 years between 2019 and 2021, a sharp reversal from past improvements. The research is published in The Lancet journal. COVID-19 was declared a global pandemic by the World...
NEW DELHI: Alphabet Inc-owned Google has joined hands with Election Commission of India (ECI) to prevent spread of false information, promote authorised content and label AI-generated data during the upcoming general elections. Google India in a blog post on Tuesday said its product features are designed to elevate authoritative...