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India’s 2022 GDP growth downgraded to 4.6% due to ongoing war in Ukraine: UN report

United Nations, Mar 23 (PTI) India's projected economic growth for 2022 has been downgraded by over two per cent to 4.6% by the United Nations, a decrease attributed to the ongoing war in Ukraine, with New Delhi expected to face restraints on energy access and prices, reflexes from trade sanctions, food inflation, tightening policies and [...]

Par panel expresses concern over fall of farmers’ income in few states between 2015-16 and 2018-19

New Delhi, Mar 24 (PTI) A parliamentary panel on Thursday said the Union Agriculture Ministry is far from ensuring doubling the income of farmers and pointed out that incomes have rather fallen in some states like Jharkhand, Madhya Pradesh, Nagaland and Odisha between 2015-16 and 2018-19. The committee has recommend the ministry to form a [...]

Joshi urges GSI to reduce time for submitting mineral exploration reports

New Delhi, Mar 24 (PTI) Union Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi on Thursday urged Geological Survey of India to reduce timeframe for the submission of mineral exploration reports. The minister asked Geological Survey of India (GSI) to complete survey and preparation of report in a year using latest technologies, the Mines [...]

Knight Aerospace, Rossell Techsys to provide solutions for cargo aircraft conversion

Mumbai, Mar 24 (PTI) Knight Aerospace and Rossell Techsys have partnered to provide quick-change, roll-on roll-off palletised solutions for cargo aircraft conversion, a release said on Thursday. The cargo conversion systems consist of VIP/economy seating, bio-medical containment modules, patient airlift, airborne critical care, and various additional systems. Rossell Techsys, the aerospace and defense division of [...]

Federal Bank, RBIH partner to advance digital financial inclusion for women

Mumbai, Mar 24 (PTI) Private sector lender Federal Bank has teamed up with Reserve Bank Innovation Hub, a subsidiary of the central bank, as scale up partner for the second phase of Swanari TechSprint programme.The programme is aimed at advancing digital financial inclusion for women in India and to create digital solutions for bridging the gender [...]

Guv Das inaugurates Reserve Bank Innovation Hub (RBIH) in Bengaluru

Mumbai, Mar 24 (PTI) RBI Governor Shaktikanta Das on Thursday inaugurated the Reserve Bank Innovation Hub (RBIH) in Bengaluru, set up with an initial capital contribution of Rs 100 crore to encourage and nurture financial innovation. The Hub has an independent Board with Senapathy (Kris) Gopalakrishnan as the Chairman and other eminent persons from industry [...]

India needs 2,210 new aircraft in next 20 years, says Airbus

Hyderabad, March 24 (PTI): With a buoyant aviation market, India needs 2,210 new aircraft over the next two decades, a senior official of Airbus said on Thursday. Brent McBratney, head of (airline marketing-India and South Asia) Airbus, said the fleet could comprise 1,770 new small and 440 medium and large aircraft. “This is what we [...]

People who would indulge in wrongdoing will be punished: Goyal

New Delhi, Mar 24 (PTI) People indulging in wrongdoing will be punished as there is no law in the country to protect either big industrialists or politicians, Commerce and Industry Minister Piyush Goyal told Parliament on Thursday. Responding to the debate on the Demands for Grants of the Commerce and Industry Ministry in the Lok [...]