Hitting back at Prime Minister Narendra Modi over his remarks criticising the opposition, Congress's media and publicity department head Pawan Khera said the person who "throttled the country and suppressed its voice" for 10 years, today looked "very weak and was seen weeping" when the opposition raised its voice. The prime minister started the Monsoon session by making a comment on the opposition that was not befitting of his post, Khera said.
The Economic Survey criticised developed nations for pressuring developing countries to reduce emissions while their own AI adoption drives a surge in energy demands, calling it a tragic comedy. The survey highlighted the irony of developed nations focusing on prospective emissions from developing countries while increasing their own energy consumption through AI. This obsession with AI risks exacerbating inequality and poverty in developing countries by prioritizing emissions over economic growth.
Jul 22 (PTI) Sebi has returned the draft documents of student recruitment solution provider Crizac Ltd, which was looking to float Rs 1,000 crore Initial Public Offering (IPO), an update with the markets regulator showed on Monday. The move might delay the Kolkata-based company's initial share-sale.
"In tandem with that, DGCA has also constituted internal working groups for studying various aspects related to operation of eVTOL to assess and develop appropriate regulations/ requirements suitable for India," Minister of State for Civil Aviation Murlidhar Mohol told the Rajya Sabha in a written reply.
Plastic products maker Supreme Industries Ltd on Monday reported an increase of 26.83 per cent in consolidated profit to Rs 273.37 crore in the June 2024 quarter. The company had posted a net profit of Rs 215.54 crore during the April-June quarter of the previous fiscal, according to a regulatory filing from Supreme Industries.
Union Budget 2024: India Inc. anticipates the forthcoming budget to concentrate on the digital economy, research and development, and bolster the logistics sector to propel the nation towards a $7 trillion economy target. Industry leaders urge Union Finance Minister Nirmala Sitharaman to prioritize digital and physical infrastructure to spur growth and innovation, aiming for a lucrative $130 billion industry by 2030. To support the pharmaceutical sector's global market reliance, credit schemes and... Читать дальше...
The 30-share BSE Sensex closed down 102.57 points at 80502.08
The Ministry of Corporate Affairs (MCA) has implemented measures, including the withdrawal of prosecutions and compoundable cases, to reduce litigations under companies law, Finance Minister Nirmala Sitharaman announced Monday. Sitharaman, who also serves as the Union Minister of Corporate Affairs, spoke in the Lok Sabha.
Economic survey said challenges related to the commercialisation of technologies include the presence of a very niche and/or competitive marketplace, pricing constraints, typically limited demand (that inhibits large-scale commercialisation), and a lack of visibility of long-term demand.
Tesla CEO Elon Musk had said in April that the Tesla robot, called Optimus, would be able to perform tasks in the factory by the end of this year and could be ready for sale as soon as the end of 2025. Tesla put out the first generation of its Optimus robot, dubbed Bumblebee, in September 2022.
GTRI advises government to maintain current import tariffs on smartphone components to sustain growth in India's manufacturing sector. Experts highlight success of policies like PLI scheme, driving significant exports and local production. Cutting tariffs may hinder long-term manufacturing growth and global competitiveness, they argue.
Economic Survey: Despite significant financial growth in recent years, the Indian corporate sector has not proportionally increased job creation or employee compensation, as highlighted in the Economic Survey for 2023-24. Additionally, the compensation gap between CEOs and median employees in leading companies has widened, with many firms reporting a 20-60% increase in this ratio since the pre-pandemic period.
Ahead of the union budget, Indian benchmark indices closed marginally lower on Monday. The BSE Sensex dropped 102 points to settle at 80,502, while the NSE Nifty ended down 21 points at 24,509.
The Economic Survey 2023-24 highlighted a slowdown in hiring within India's IT sector over the past two years. It noted that even if employment levels stabilize, significant growth in hiring is unlikely. The survey emphasized the potential for expanding exports in business, consultancy, and IT-enabled services through government initiatives and tapping into emerging markets.
The Economic Survey 2023-24 highlights India's progress in R&D, noting a significant increase in patents and improved global rankings. However, the country’s R&D investment as a percentage of GDP remains low compared to global leaders like China, the US, and Israel. The survey emphasizes the need for better integration of higher education, industry, and research, as well as faster commercialization of technologies. Despite advancements, challenges in investment and research application persist.
The Nifty Bank index closed 0.03 per cent up at 52280.4.
The pre-budget Economic Survey emphasizes the need to boost talent and productivity through private sector investment in skills, physical and digital connectivity, and building state capabilities. Highlighting MSMEs, agriculture, education, and upskilling, experts stress the importance of private and state government support for growth. Effective inflation management requires active Centre intervention.
Uttar Pradesh Chief Minister Yogi Adityanath prioritised addressing public grievances, meeting with 300 people at a Janta Darshan event at Gorakhnath Temple. He promised swift action on their concerns and ensuring housing and healthcare support. He worshipped Lord Mahadev, urged officials to expedite issue resolutions, and emphasised public welfare initiatives. Adityanath also visited Guru Gorakhnath and performed 'gau seva' during his temple visit.
The Economic Survey for 2023-24 indicates that the outlook for India's real estate sector is encouraging. With half of India's population expected to live in urban areas, up from 31% in 2011, the housing industry is set for significant transformation. Real estate and ownership of dwellings have consistently contributed over 7% to the overall gross value added (GVA) in the past decade, underscoring its crucial role in the economy.
A Delhi court has extended former Delhi deputy CM Manish Sisodia's jail custody in the excise policy case till July 26. Others accused in the matter will continue to stay imprisoned with the Aam Aadmi Party leader.
Economic Survey 2024: Raising concerns over growing obesity and increase of consumption of highly processed foods laden with sugars and fat, the Economic Survey said 54 per cent of the total disease burden in India is due to unhealthy diets.
