India has built a world-class digital public infrastructure which is transforming lives and economy and can be a lesson for many countries to follow, an IMF Working Paper said. India Stack is the collective name of a set of commonly used digital public infrastructure (DPIs) in India. It consists of three different layers -- unique [...]
The growth in world trade is expected to grow by a meagre 1.7 per cent in 2023 due to global uncertainties, the World Trade Organisation (WTO) said on Wednesday. The 1.7 per cent forecast is up from the previous estimate of 1 per cent last October. For 2024, the WTO in its forecast said, the [...]
Avalon Technologies' initial share sale received a lukewarm response from investors, with the offer getting subscribed 9 per cent on the second day of subscription on Wednesday. The Initial Public Offering (IPO) received bids for 10.77 lakh equity shares against 1.14 crore shares on offer, according to the data available with the National Stock Exchange [...]
Open source design of computer chipsets RISC-V is becoming a global movement with India as a leading player, Minister of State for Electronics and IT Rajeev Chandrasekhar said here on Wednesday. While speaking at RISC-V Technology Conference organised by Tenstorrent, the minister said Indian startups using RISC-V have tremendous opportunities for developing products, devices and [...]
On the back of a record 26-28 per cent volume growth in FY23, the air conditioner market is set to log in another healthy year with 15-20 per cent sales growth this fiscal, according to a report. A report by Icra Ratings also said that the production-linked incentive scheme will help reduce import dependence for [...]
The performance of the Goods and Services Tax Network system has improved steadily over time, resulting in a steady increase in taxpayers in the country, Economic Advisory Council to the Prime Minister (EAC-PM) has said in a working paper. After years of debate, India rolled out the Goods and Service Tax (GST) in July 2017. [...]
A Parliamentary panel has asked the Ministry of New & Renewable Energy (MNRE) to revive one MWe solar thermal power plant at the National Institute of Solar Energy, saying the "project led (to) an infructuous expenditure". A grid-interactive solar thermal power plant, with a capacity of 1 MWe at Direct Normal Irradiance (DNI) radiation of [...]
The European Union's carbon tax regime will affect exports from countries, including India and least developed countries, to that region, trade experts said on Wednesday. EU is introducing the Carbon Border Adjustment Mechanism (CBAM) from October 1 this year. According to a report by economic think tank Global Trade Research Initiative (GTRI), CBAM will translate [...]
Delhi airport has emerged as the ninth busiest airport in the world in 2022 with passenger traffic of more than 5.94 crore, according to Airports Council International (ACI) list. DIAL is the operator of the Indira Gandhi International Airport (IGIA) in the national capital. ACI said the list of top 10 busiest airports in the [...]
BLS International Services on Wednesday said it has signed a memorandum of understanding (MOU) with Thailand to accept electronic visa-on-arrival (EVOA) applications for 17 countries. "This convergence of forces is expected to propel Thailand's tourism inflow steadily, with estimated 75,000-plus applications expected for the upcoming season," the city-based company said in a release. The company [...]
