India’s Global Capability Centres (GCCs) could contribute as much as $0.5 trillion to the country’s gross value added (GVA) over the next decade, as India advances toward becoming a $10 trillion economy, a top Goldman Sachs executive said on Monday.Gunjan Samdani, Co-Chairman of Goldman Sachs India, said the GCC sector is expected to directly employ […]
File Photo: Charred remains of the Air India plane, that crashed into a medical hostel and its canteen complex moments after taking off from the Sardar Vallabhbhai Patel International Airport, lies on the ground, in Ahmedabad. (PTI Photo) | Photo Credit: PTI India’s civil aviation regulator has directed airlines to inspect the fuel control switch […]
The rupee weakened by 12 paise to close at 85.92 against the US dollar on Monday, hit by rising global crude oil prices and a firm greenback, even as the Reserve Bank of India stepped in to limit losses. The domestic unit had ended at 85.80 per dollar on Friday.At the interbank foreign exchange market, […]
Youth unemployment has gone down from 17.8 per cent in 1917-18 to 10.2 per cent in 2023-24 but it’s a “better decline” than the global scenario, said Labour and Employment Secretary Vandana Gurnani | Photo Credit: MUSTAFAH KK Youth unemployment has gone down from 17.8 per cent in 2017-18 to 10.2 per cent in 2023-24 […]
A high-level committee has approved a framework to enable the transfer of surplus land and buildings held by telecom PSUs — Bharat Sanchar Nigam Ltd (BSNL), Mahanagar Telephone Nigam Ltd (MTNL), and ITI Ltd — to central government organisations without an auction.The proposal, cleared at a meeting of the Committee of Secretaries in June, allows […]
Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal | Photo Credit: BIJOY GHOSH A Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Sustainable Maritime Transport Centre is going to be established under the Indian Ocean Centre of Excellence for Sustainable Maritime Transport (IOCE-SMarT) at the Maritime Training Institute in Powai, Mumbai soon This was announced […]
India is set to increase its presence in the United States market. This is due to changes in Washington’s tariff policies. Niti Aayog reports India will gain competitiveness in many product categories. The US has higher import tariffs on countries like China and Mexico. This creates an opportunity for Indian exporters. India’s merchandise exports and […]
Around 48 per cent of the construction of a new greenfield port at Manginapudi in Machilipatnam has been completed | Photo Credit: G Naga Sridhar After being a dead dock town for ages, Machilipatnam is waking up and all set to become a port of call again. The ancient port city at the mouth of the River […]
NEW DELHI: Non-fossil fuel sources now make up half of power generation capacity, a milestone the country has achieved five years ahead of the target set under its Nationally Determined Contributions (NDCs) committed in to the Paris Agreement climate agreement.“In a world seeking climate solutions India is showing the way,” renewable energy minister Pralhad Joshi […]
CESTAT in its order dated August 2, 2024, rejected the appeals filed by the company and upheld the orders passed by the lower authorities | Photo Credit: SUSHIL KUMAR VERMA Umbilical Cord Blood Stem Cell banking is a health service and thus will be exempted from indirect tax, Supreme Court ruled on Monday. This banking […]
