In a notable development aimed at bolstering India's electronics and technology sectors, the country has revised its public procurement regulations to emphasize local content exclusion for imported inputs. Under the new guidelines issued by the Department for Promotion of Industry and Internal Trade (DPIIT), items sourced locally through resellers, distributors, royalties, technical charges paid outside India, and supply of repackaged or refurbished goods will no longer be considered in the calculation of local content. Читать дальше...
Amid the rising concerns over the spread of the virus, listed below are the causes, symptoms and treatment:
The CUET-UG results are expected to be announced by late July or in the first week of August, with a slight delay in admissions at Jamia Millia Islamia. No impact on academic calendar. Steps to check results provided.
While the bill was introduced in the Rajya Sabha by CPI(M) member V Sivadasan in December 2023, according to a bulletin issued by the Upper House of Parliament, Telecom Minister Jyotiraditya Scindia has communicated to the Rajya Sabha secretary-general that the president has recommended the consideration of the bill to the House.
Union Home Minister Amit Shah criticised opposition leader Sharad Pawar as the face of corruption in India during a BJP state convention in Pune. He also targeted Rahul Gandhi's arrogance and Uddhav Thackeray for associating with questionable individuals. Shah expressed confidence in the BJP-led Mahayuti's performance in the upcoming Maharashtra assembly polls, urging party workers to focus on promoting government initiatives to regain support.
The upcoming Union Budget is anticipated to prioritize green mobility, affordable housing, comprehensive infrastructure development, and bolstering manufacturing and consumption demand, according to an Assocham-Primus paper. It outlines that Finance Minister Nirmala Sitharaman's budget will also set a long-term vision for India to achieve developed nation status by 2047.
Finance Minister Nirmala Sitharaman will table the full budget for FY25 in Parliament on Tuesday. The industry has also sought continuation of zero customs duty on stainless steel scrap, steel scrap and pure nickel, and the maintenance of the 30 per cent export duty on chrome ore, Jindal said.
Union Budget 2024: The Modi government's UDAN Scheme aimed to make domestic flights affordable, but saw a 60 per cent decrease in funds, impacting its success. While efforts to boost regional connectivity continue, the cancellation of UDAN routes have raised questions. The focus aviation sector will want the focus in the upcoming Union Budget to be on infrastructure development, tax reductions, and indigenous aircraft production to drive growth.
Indian benchmark equity indices closed in the deep red on Friday due to broad-based profit booking ahead of the union budget next week. Selling was observed in all sectors.
This past week's global software outage, immediately proclaimed as the biggest in history, was not caused by terrorists or AI or rogue hackers demanding billions in ransom. It wasn't even done as a lark by some off-the-charts smart teenager. Those are the Hollywood versions. Instead, it was a routine upgrade that somehow went off the rails.
Union Budget 2024: The forthcoming Union Budget 2024 is expected to outline strategies aimed at ramping up India's electric vehicle aspirations. Under the Narendra Modi government's vision, the target is for electric vehicles to constitute 30% of total auto sales by 2030. Experts anticipate that the government will introduce various initiatives, such as increased budget allocations for expanding EV infrastructure and extending subsidy schemes, to support this ambitious goal.
Airport and airline operations faced significant disruptions due to the outage, with airlines issuing advisories to passengers. IndiGo, SpiceJet and Akasa saw disruptions in their online check-in and boarding processes across their networks, forcing them to switch to manual mode.
As we reveal this year's Economic Times 40 Under Forty, we commemorate a decade of shining a light on the country's best young business leaders and recognizing their accomplishments.
Real estate consultant Anarock pointed out that the general elections and the heated land prices seem to have dented the appetite for land acquisition for developers and other entities in the second quarter of 2024. The number of land deals closed in Q2 (April-June) 2024 came down to 25 transactions for around 325 acres.
Philippine and Chinese officials have reportedly reached a deal to prevent confrontations at a disputed shoal in the South China Sea, following recent clashes. The agreement, negotiated through closed-door meetings and diplomatic exchanges, aims to establish a mutually acceptable arrangement at the Second Thomas Shoal. Chinese forces had previously used water cannons and blocking maneuvers to disrupt supplies to Filipino navy personnel at the shoal.
In the new textbook, the river finds a prominent place in a chapter on the "Beginnings of Indian Civilisation", where the Harappan civilisation is referred to as the "Indus-Sarasvati" or "Sindhu-Sarasvati" civilisation. It says the "Sarasvati" basin included major cities of the civilisation -- Rakhigarhi and Ganweriwala -- along with smaller cities and towns.
Hero MotoCorp aims to lead the electric two-wheeler market by launching affordable models this fiscal year, as CEO Niranjan Gupta outlined in the company's Annual Report for 2023-24. Gupta emphasized Hero's strategy to expand its electric vehicle (EV) portfolio aggressively, building on the success of the VIDA V1 Pro scooter.
Oli, the 72-year-old veteran Communist leader, was sworn in on Monday as the Himalayan nation's prime minister for the fourth time after Nepali Congress and Communist Party of Nepal-Unified Marxist Leninist (CPN-UML) reached a seven-point deal to topple Pushpa Kamal Dahal 'Prachanda'-led coalition.
West Bengal Chief Minister Mamata Banerjee has offered shelter to people fleeing violence in Bangladesh, citing a UN resolution on refugees. She emphasised that Bengal would welcome those in distress, drawing parallels to previous instances of accommodating displaced individuals. Banerjee urged restraint and solidarity with those affected by the violence, while also extending support to residents with relatives stuck in Bangladesh.
To enhance India's garment exports, GTRI recommends suspending QCOs, expanding the PLI scheme, and reforming DGFT and Customs. High import duties and domestic monopolies stifle growth. Supply chain issues worsen the situation. Bangladesh and Vietnam's exports surged from 2013-2023, outpacing India. DGFT's advance authorisation process for duty-free inputs further raises transaction costs.
