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Budget 2025: Tech in Focus With Framework for GCCs, New 'Fund of Funds' for startups, CoE for AI
Finance Minister Nirmala Sitharaman announced a national framework for Global Capability Centres (GCCs), a Rs 500-crore Centre of Excellence in AI for education, and a deep tech 'Fund of Funds' in the Union Budget. The framework will guide states in promoting GCCs in Tier-2 cities, enhancing talent and infrastructure, building byelaw reforms, and f...
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Finance Minister Announces Rs 1 Lakh Crore Fund To Ramp Up Urban Infrastructure
To boost urban infrastructure, Union Finance Minister Nirmala Sitharaman on Saturday announced that the government will set up an Urban Challenge Fund of Rs 1 lakh crore to implement the proposals for 'cities as growth hubs'.
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Jio, Airtel and BSNL Subscribers Can Now Use DBN-Funded Mobile Towers to Make Calls With Intra Circle Roaming
The Intra Circle Roaming (ICR) at Digital Bharat Nidhi (DBN) funded 4G mobile sites was recently introduced in India by the Department of Telecommunications. The ICR initiative brings together three major telecommunications service providers in the country, including BSNL, Airtel, and Reliance Jio to "leverage each other's infrastructure at all DBN...
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Mizoram Sports Minister Bats For Centre's Support To Make Northeast Sports Powerhouse
Mizoram Sports Minister Lalnghinglova Hmar has asked the central government to consider giving a special status to the northeast to fund sports infrastructure and find talent.
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Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
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Setback For Telecom Firms, Top Court Rejects Plea On Adjusted Gross Revenue
The Supreme Court on Wednesday rejected telecom companies' plea to re-compute adjusted gross revenues, or AGRs, amid a long-standing dispute over payment of dues to the government.
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China Pledges Another $51 Billion For Debt-Distressed Africa - New Debt Trap?
Chinese President Xi Jinping today pledged to step up China's support across the debt-distressed African continent with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at least 1 million jobs.
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Gita Gopinath On What India Needs To Do To Become Developed Nation By 2047
Gita Gopinath of the International Monetary Fund (IMF) has called for more investments in health and public infrastructure in India and a workforce that's way more skilled.
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WazirX Wallet Hack: Liminal Denies Responsibility Amid Recent Allegations
Liminal has refuted recent allegations by WazirX that claim that the point of breach in this wallet hack was not from its end, but because of Liminal’s screening system failure. The wallet infrastructure firm has reiterated that its platform continues to operate seamlessly and has been processing transfers and withdrawals for all of its customers...
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WazirX Attributes Wallet Compromise to Liminal, Says Own Signers' Machines Unaffected
WazirX has claimed that its own signers’ machines were not compromised in the recent hack, as shown in its internal investigation. The exchange has alleged that Liminal’s infrastructure was used by hackers to facilitate this attack.
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Budget 2024: Bihar And Andhra Pradesh Get Major Funding; Social Media Reacts With Memes
Budget 2024: Memes are largely comparing the enthusiastic responses from both states and offering humorous takes from people in other regions.
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"Centre Is Not Hostile To Tamil Nadu" On Funds' Flow: Nirmala Sitharaman
The Centre was never hostile towards Tamil Nadu, Kerala or any other state on ensuring funds flow and had made advance payments and even released funds to foster infrastructure development, Union Finance Minister Nirmala Sitharaman said on Thursday.
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Opinion: Money For Ads, Not For Infrastructure?
The Supreme Court recently rapped the Aam Aadmi Party (AAP) government in Delhi for not releasing funds for the Regional Rapid Transit System (RRTS) project.
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China Announces Over $100 Billion Funding For Its Belt And Road Initiative
Beijing will inject over $100 billion of new funding into its Belt and Road initiative, President Xi Jinping said Wednesday at a summit marking the vast infrastructure project's tenth anniversary.
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Nitin Gadkari Clears Rs 154 Crore To Build Bridges In Rain-Affected Himachal
Minister for Road Transport and Highways Nitin Gadkari announced on Friday that schemes worth Rs 154.25 crore had been approved for the Una and Kangra region of Himachal Pradesh under the Central Road and Infrastructure Fund (CIRF).
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Budget 2025: Tech in Focus With Framework for GCCs, New 'Fund of Funds' for startups, CoE for AI
Finance Minister Nirmala Sitharaman announced a national framework for Global Capability Centres (GCCs), a Rs 500-crore Centre of Excellence in AI for education, and a deep tech 'Fund of Funds' in the Union Budget. The framework will guide states in promoting GCCs in Tier-2 cities, enhancing talent and infrastructure, building byelaw reforms, and f...
-
Finance Minister Announces Rs 1 Lakh Crore Fund To Ramp Up Urban Infrastructure
To boost urban infrastructure, Union Finance Minister Nirmala Sitharaman on Saturday announced that the government will set up an Urban Challenge Fund of Rs 1 lakh crore to implement the proposals for 'cities as growth hubs'.
-
Jio, Airtel and BSNL Subscribers Can Now Use DBN-Funded Mobile Towers to Make Calls With Intra Circle Roaming
The Intra Circle Roaming (ICR) at Digital Bharat Nidhi (DBN) funded 4G mobile sites was recently introduced in India by the Department of Telecommunications. The ICR initiative brings together three major telecommunications service providers in the country, including BSNL, Airtel, and Reliance Jio to "leverage each other's infrastructure at all DBN...
-
Mizoram Sports Minister Bats For Centre's Support To Make Northeast Sports Powerhouse
Mizoram Sports Minister Lalnghinglova Hmar has asked the central government to consider giving a special status to the northeast to fund sports infrastructure and find talent.
-
Meta Warns of Worsening AI Losses After Sales Narrowly Beat
Meta CEO Mark Zuckerberg said the company will ramp up heavy investments in AI and other futuristic technologies. The Meta executive has warned investors that the firm will continue to spend significantly on infrastructure and other projects like the metaverse and AI-powered glasses.
-
Setback For Telecom Firms, Top Court Rejects Plea On Adjusted Gross Revenue
The Supreme Court on Wednesday rejected telecom companies' plea to re-compute adjusted gross revenues, or AGRs, amid a long-standing dispute over payment of dues to the government.
-
China Pledges Another $51 Billion For Debt-Distressed Africa - New Debt Trap?
Chinese President Xi Jinping today pledged to step up China's support across the debt-distressed African continent with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at least 1 million jobs.
-
Gita Gopinath On What India Needs To Do To Become Developed Nation By 2047
Gita Gopinath of the International Monetary Fund (IMF) has called for more investments in health and public infrastructure in India and a workforce that's way more skilled.
-
WazirX Wallet Hack: Liminal Denies Responsibility Amid Recent Allegations
Liminal has refuted recent allegations by WazirX that claim that the point of breach in this wallet hack was not from its end, but because of Liminal’s screening system failure. The wallet infrastructure firm has reiterated that its platform continues to operate seamlessly and has been processing transfers and withdrawals for all of its customers...
-
WazirX Attributes Wallet Compromise to Liminal, Says Own Signers' Machines Unaffected
WazirX has claimed that its own signers’ machines were not compromised in the recent hack, as shown in its internal investigation. The exchange has alleged that Liminal’s infrastructure was used by hackers to facilitate this attack.
-
Budget 2024: Bihar And Andhra Pradesh Get Major Funding; Social Media Reacts With Memes
Budget 2024: Memes are largely comparing the enthusiastic responses from both states and offering humorous takes from people in other regions.
-
"Centre Is Not Hostile To Tamil Nadu" On Funds' Flow: Nirmala Sitharaman
The Centre was never hostile towards Tamil Nadu, Kerala or any other state on ensuring funds flow and had made advance payments and even released funds to foster infrastructure development, Union Finance Minister Nirmala Sitharaman said on Thursday.
-
Opinion: Money For Ads, Not For Infrastructure?
The Supreme Court recently rapped the Aam Aadmi Party (AAP) government in Delhi for not releasing funds for the Regional Rapid Transit System (RRTS) project.
-
China Announces Over $100 Billion Funding For Its Belt And Road Initiative
Beijing will inject over $100 billion of new funding into its Belt and Road initiative, President Xi Jinping said Wednesday at a summit marking the vast infrastructure project's tenth anniversary.
-
Nitin Gadkari Clears Rs 154 Crore To Build Bridges In Rain-Affected Himachal
Minister for Road Transport and Highways Nitin Gadkari announced on Friday that schemes worth Rs 154.25 crore had been approved for the Una and Kangra region of Himachal Pradesh under the Central Road and Infrastructure Fund (CIRF).
