Emergency Financing For India
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TRAI Invites Public Comments on Ways to Make Smartphone Affordable in India
Telecom regulator TRAI on Thursday invited public comments to explore ways and means to make smartphone affordable in the country for digital inclusion. The Telecom Regulatory Authority of India (TRAI) as part of its consultation paper on "Digital Inclusion in the Era of Emerging Technologies" will assess if measures taken by the government such as...
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AI Can Add $15.7 Trillion to Global Economy, but Raises Privacy, Fairness Concerns: CAG Murmu
Comptroller and Auditor General Girish Chandra Murmu on Monday stressed on responsible use of artificial intelligence, saying while this emerging technology has the potential to contribute $15.7 trillion (roughly Rs. 12,91,30,459 crore) to the global economy by 2030, it also raises concerns related to privacy and fairness.
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Budget 2023: Government Lowers Customs Duty on Mobile Phone Parts, TVs
During her speech presenting the Union budget for 2023-24, Finance Minister Nirmala Sitharaman on Wednesday announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing. Sitharaman also announced that customs duty on parts of open cells of TV panels would be cut to 2.5 percent.
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Budget 2023 Will Follow Spirit Of Earlier Ones: Finance Minister
Nirmala Sitharaman, scheduled to present her fifth straight Budget on February 1 for the fiscal starting April, had unveiled a massive public spending programme to support the economy, emerging out of the COVID-19 pandemic.
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How the 1 Percent TDS Provision Will Affect the Growth of the Crypto Industry
The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn t...
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"Unique Opportunity" In India: Nirmala Sitharaman Invites Silicon Valley
Finance Minister Nirmala Sitharaman at the Silicon Valley invited investors to be part of the country's growth story while pitching for collaboration with the US in financial services and emerging technologies.
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Digital Rupee: What the Introduction of CBDC Entails for India
CBDC, or the Central Bank Digital Currency, has emerged as quite the buzzword in India. Earlier this month, Minister of Finance Nirmala Sitharaman announced that India will soon get its CBDC or digital rupee which will be regulated by the RBI. It will be India’s first national digital currency.
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Covid Pandemic: Centre Enhances Scope of Emergency Credit Scheme
As per RBI's guidelines, who had availed loans under the initial ECLGS, for four years, will now be able to avail loans for a tenure of five years.
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Budget 2021: Rs 35,000 Crore Announced For Vaccines
Budget 2021: Finance Minister Nirmala Sitharaman today announced Rs 35,000 crore for the development and manufacturing of COVID-19 vaccines in the Union Budget for the coming year
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Opinion: Budget Will Be Tougher Than Government's Usual Fiscal Trapeze
India's federal budget Monday will be a much tougher balancing act than New Delhi's regular annual fiscal trapeze. For one thing, the pandemic has upset business-as-usual calculations of how much to spend, on what, and how to finance it. For another, an impatience to make up for lost time has to be weighed against a shrinking of policy space in eme...
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Early Green Shoots Of Economic Revival In May, June, Says Government Amid COVID-19 Crisis
India's gross domestic product (GDP) has been predicted to contract 4.5 per cent in 2020, the finance ministry said on Monday quoting International Monetary Fund (IMF) data. However, early green shoots of economic revival emerged in May and June, and the government's commitment towards structural reforms and supportive social welfare measures will ...
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"Power-Hungry Congress Created Challenge For Democracy": Nirmala Sitharaman On Emergency
The "power-hungry" Congress government took away the rights of the people by clamping emergency this day, 45 years ago, and when the very same party spoke on democracy it was anguishing, BJP leader and Finance Minister Nirmala Sitharaman said on Thursday.
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Kerala Told Can't Cut Salaries, Recasts Move After Court's "No"
Kerala said today that it would "defer" a portion of the salary for its government staff to deal with "an emergency situation beyond our control", in the fight against coronavirus.
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"Treat Corporate Funds For COVID-19 As CSR": Bengal Minister To Centre
West Bengal Finance Minister Amit Mitra has urged the central government to allow companies to contribute from their CSR kitty towards the emergency fund created by the state to fight the COVID-19 pandemic.
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62 Coronavirus Deaths In India, 478 New Cases In 24 Hours: 10 Points
Sixty-two people have died after being infected by the novel coronavirus, the government said on Monday. Across the country the number of confirmed cases is now 2,547, with 478 new cases detected in the past 24 hours. A total of 163 people have been discharged from hospitals after receiving treatment. Confirmed COVID-19 cases have been reported fro...
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TRAI Invites Public Comments on Ways to Make Smartphone Affordable in India
Telecom regulator TRAI on Thursday invited public comments to explore ways and means to make smartphone affordable in the country for digital inclusion. The Telecom Regulatory Authority of India (TRAI) as part of its consultation paper on "Digital Inclusion in the Era of Emerging Technologies" will assess if measures taken by the government such as...
-
AI Can Add $15.7 Trillion to Global Economy, but Raises Privacy, Fairness Concerns: CAG Murmu
Comptroller and Auditor General Girish Chandra Murmu on Monday stressed on responsible use of artificial intelligence, saying while this emerging technology has the potential to contribute $15.7 trillion (roughly Rs. 12,91,30,459 crore) to the global economy by 2030, it also raises concerns related to privacy and fairness.
-
Budget 2023: Government Lowers Customs Duty on Mobile Phone Parts, TVs
During her speech presenting the Union budget for 2023-24, Finance Minister Nirmala Sitharaman on Wednesday announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing. Sitharaman also announced that customs duty on parts of open cells of TV panels would be cut to 2.5 percent.
-
Budget 2023 Will Follow Spirit Of Earlier Ones: Finance Minister
Nirmala Sitharaman, scheduled to present her fifth straight Budget on February 1 for the fiscal starting April, had unveiled a massive public spending programme to support the economy, emerging out of the COVID-19 pandemic.
-
How the 1 Percent TDS Provision Will Affect the Growth of the Crypto Industry
The recently introduced 1 percent TDS on virtual digital asset (VDA) transactions, as part of the Finance Bill 2022, has been described as highly detrimental to the industry. The tax provision is expected to discourage entrepreneurs and investors from developing the burgeoning industry while the government could lose out on an opportunity to earn t...
-
"Unique Opportunity" In India: Nirmala Sitharaman Invites Silicon Valley
Finance Minister Nirmala Sitharaman at the Silicon Valley invited investors to be part of the country's growth story while pitching for collaboration with the US in financial services and emerging technologies.
-
Digital Rupee: What the Introduction of CBDC Entails for India
CBDC, or the Central Bank Digital Currency, has emerged as quite the buzzword in India. Earlier this month, Minister of Finance Nirmala Sitharaman announced that India will soon get its CBDC or digital rupee which will be regulated by the RBI. It will be India’s first national digital currency.
-
Covid Pandemic: Centre Enhances Scope of Emergency Credit Scheme
As per RBI's guidelines, who had availed loans under the initial ECLGS, for four years, will now be able to avail loans for a tenure of five years.
-
Budget 2021: Rs 35,000 Crore Announced For Vaccines
Budget 2021: Finance Minister Nirmala Sitharaman today announced Rs 35,000 crore for the development and manufacturing of COVID-19 vaccines in the Union Budget for the coming year
-
Opinion: Budget Will Be Tougher Than Government's Usual Fiscal Trapeze
India's federal budget Monday will be a much tougher balancing act than New Delhi's regular annual fiscal trapeze. For one thing, the pandemic has upset business-as-usual calculations of how much to spend, on what, and how to finance it. For another, an impatience to make up for lost time has to be weighed against a shrinking of policy space in eme...
-
Early Green Shoots Of Economic Revival In May, June, Says Government Amid COVID-19 Crisis
India's gross domestic product (GDP) has been predicted to contract 4.5 per cent in 2020, the finance ministry said on Monday quoting International Monetary Fund (IMF) data. However, early green shoots of economic revival emerged in May and June, and the government's commitment towards structural reforms and supportive social welfare measures will ...
-
"Power-Hungry Congress Created Challenge For Democracy": Nirmala Sitharaman On Emergency
The "power-hungry" Congress government took away the rights of the people by clamping emergency this day, 45 years ago, and when the very same party spoke on democracy it was anguishing, BJP leader and Finance Minister Nirmala Sitharaman said on Thursday.
-
Kerala Told Can't Cut Salaries, Recasts Move After Court's "No"
Kerala said today that it would "defer" a portion of the salary for its government staff to deal with "an emergency situation beyond our control", in the fight against coronavirus.
-
"Treat Corporate Funds For COVID-19 As CSR": Bengal Minister To Centre
West Bengal Finance Minister Amit Mitra has urged the central government to allow companies to contribute from their CSR kitty towards the emergency fund created by the state to fight the COVID-19 pandemic.
-
62 Coronavirus Deaths In India, 478 New Cases In 24 Hours: 10 Points
Sixty-two people have died after being infected by the novel coronavirus, the government said on Monday. Across the country the number of confirmed cases is now 2,547, with 478 new cases detected in the past 24 hours. A total of 163 people have been discharged from hospitals after receiving treatment. Confirmed COVID-19 cases have been reported fro...
