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 [...]
Finance Ministry has called a meeting of heads of Public Sector Banks (PSBs) on April 13 to review progress of various financial inclusion schemes, including Jan Suraksha and Mudra Yojana. The meeting is scheduled to be chaired by Financial Services Secretary Vivek Joshi. According to sources, the meeting to be chaired by the Secretary would [...]
Landslide incidents in the vicinity of hydro projects are not related to the commissioned/under-construction hydropower projects, according to a study. Indian Institute of Remote Sensing (IIRS), Dehradun, has carried out a study on the incidents of landslides in the vicinity of hydro projects and has prepared a report on Landslide Studies in Commissioned / Under [...]
The Income Tax Department on Wednesday said employers will have to seek details from employees about their preference for tax regime in the current fiscal and deduct TDS accordingly. In case an employee does not intimate his/her employer about the preferred tax regime, then the employer would be required to deduct TDS from salary income [...]
The second Employment Working Group (EWG) under G20 Presidency developed consensus on the priority areas of addressing global skill gaps, gig and platform economy, social protection and sustainable financing of social security during its three-day meeting which concluded here on Wednesday. The meeting concluded on a positive note with G20 members moving towards consensus on [...]
