New Delhi, Mar 11 (PTI) India's digital economy is expected to witness exponential growth to USD 800 billion by 2030 on the back of rising internet penetration and increasing income, Finance Minister Nirmala Sitharaman said on Friday. Addressing the IIT Bombay Alumni Association virtually, she said India has over 6,300 fintechs, of which 28 per [...]
New Delhi, Mar 11 (PTI) India and Canada on Friday agreed to formally re-launch the negotiations for a proposed free trade agreement, which aims at boosting economic ties between the two countries.This issue was discussed during the fifth Ministerial Dialogue on Trade and Investment (MDTI). Commerce and Industry Minister Piyush Goyal and Canadian Minister of [...]
Kochi, Mar 11 (PTI) The industry in Kerala on Friday welcomed the first complete budget of the second term of the Pinarayi Vijayan-headed government for the fiscal 2022-23 and said the financial allocation focussed on key engines of growth for an integrated development of the state. The Cochin Chamber of Commerce and Industry said it [...]
Mumbai, Mar 11 (PTI) The RBI mandate on data localisation is not the best solution to address concerns regarding information security, global cards major Visa said on Friday. However, the company's chief executive Alfred F Kelly Jr made it clear that it believes in compliance with the local laws. Its rivals Mastercard and American Express [...]
Mumbai, Mar 11 (PTI) The sweeping economic sanctions on Russia - the second largest producer of crude oil - following its invasion of Ukraine late last month can cull global and domestic growth along with the added pains of higher inflation and currency depreciation, RBI Deputy Governor Michael Patra has said.And if the war lingers [...]
New Delhi, Mar 11 (PTI) Factory production expanded by 1.3 per cent on an annual basis in January on account of better performance by mining and manufacturing sectors, though capital goods segment remained in contraction mode, as per government data released on Friday. The Index of Industrial Production (IIP) had contracted by 0.6 per cent [...]
Kolkata, Mar 11 (PTI) West Bengal Finance Minister Chandrima Bhattacharya on Friday presented a Rs 3.21-lakh crore budget for the 2022-23 fiscal, proposing incentives for battery-operated and CNG vehicles and tax relief for the tea sector.Total budget allocation for 2022-23 will see 3.8 times growth to Rs 3,21,030 crore as against the figure in 2010-11, [...]
Indian carriers have increased their domestic services by 10.1 per cent to 25,309 weekly flights in the upcoming summer schedule as compared to 22,980 last season, aviation regulator DGCA said on Friday. IndiGo has increased its domestic flights by 10.4 per cent to 11,130 weekly services for summer 2022 as compared to 10,084 weekly services [...]
Mumbai, Mar 11 (PTI) Maharashtra Chief Minister Uddhav Thackeray on Friday said the third budget of the Maha Vikas Aghadi (MVA) was aimed at an all-around development of the state, which was in a revival mode after the impact of the COVID-19 pandemic, and a step towards becoming a USD 1 trillion economy.Earlier, Deputy Chief [...]
Mumbai, Mar 11 (PTI) Digitisation and innovative technologies are creating unprecedented disruption in the banking sector, and lenders need to be agile to meet the rising expectations of customers, State Bank of India's Chairman Dinesh Khara said on Friday.Banks have adopted the digital revolution, which has reduced their cost and widened the area of services [...]
