The Reserve Bank of India has urged the Finance Commission to consider recommending “an increased share of conditional transfers” to the state governments, based on reforms, quality of expenditure and fiscal sustainability. This, it said, would help harness healthy competition across the states, and strengthen the fiscal consolidation drive. The RBI‘s comments comes shortly after […]
After the US Federal Reserve announced to keep its benchmark interest rates unchanged, signaling three quarter-point cuts to their benchmark interest rate in 2024, economists in India said that it would not be surprising to see other major global central banks following suit in the latter half of next year. “We believe that the Fed […]
Prime Minister Narendra Modi on Monday hailed the Supreme Court’s verdict upholding the government’s decision to abrogate Article 370 of the Constitution as ‘historic.’ He said that it is not just a legal judgment but a ‘beacon of hope’ and a testament to the collective resolve to build a stronger and more united India. The […]
Indian goods worth USD 3.7 billion such as gasoline, iron and steel, electronics, and machinery will get a significant boost in Oman, once both sides reach a comprehensive free trade agreement, a report said on Tuesday. According to the – India-OMAN CEPA: Gateway to Middle Eastern Markets and Beyond – report, prepared by think tank […]
French Digital Affairs Minister Jean-Noël Barrot is set to make his second official visit to India, attending the Global Partnership on Artificial Intelligence (GPAI) Summit on December 13, 2023. The visit also coincides with the European Union’s groundbreaking agreement on the AI Act, positioning the EU as the world’s first democracy with comprehensive AI regulations. […]
In a significant development for the aviation sector, Civil Aviation Minister Jyotiraditya M Scindia laid the foundation stone for the new terminal building at Rajahmundry Airport on Sunday (December 11). The event marked a pivotal moment for the region, as the ambitious project is set to redefine the airport’s infrastructure and capabilities. The new terminal, […]
The Centre has decided to withdraw the three new criminal law bills introduced in the Lok Sabha following recommendations by the parliamentary standing committee. The updated versions of the redrafted bills, based on the committee’s suggestions, are likely to be introduced in Parliament on Tuesday. The three Bills, namely The Bharatiya Nyaya Sanhita Bill, 2023, […]
By Sudheer Perla In the background of COP28 and India’s recently concluded G20 presidency, great emphasis has been laid on “accelerating global energy transitions while ensuring universal energy access and just, affordable, and inclusive energy transitions in line with achieving Sustainable Development Goals (SDGs)”. Inclusive energy transitions are important for India – to ensure that […]
The United States, India, and Taiwan forge collaborative ties in the realm of cybersecurity as they convene for a groundbreaking workshop on December 11-12, fostering operational expertise and sharing best practices under the auspices of the Global Cooperation and Training Framework (GCTF). In a historic moment, US Ambassador to India Eric Garcetti, Taiwan’s Representative Baushuan […]
Health-tech provider LifeSigns, on Tuesday, announced its pioneering ‘hub & spoke model’, to deploy its AI-powered 24×7 remote patient monitoring technology, across rural India. According to a press statement, LifeSigns announced its first implementation in partnership with Apollo BGS to provide the solution to Mysuru and the villages surrounding the city. Emergency centers will be […]