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CII: Centre Struggles to Meet Capital Expenditure Targets, Fiscal Deficit Goals at Risk

CII: Centre Struggles to Meet Capital Expenditure Targets, Fiscal Deficit Goals at Risk

08 Dec 2024 17:01 PM IST

Fiscal management has maintained the perfect balance between the fiscal deficit and fiscal support to growth,” said Chandrajit Banerjee.
Centre Invites Public Feedback on Proposed Rules for Clinical Thermometers Until December 30

Centre Invites Public Feedback on Proposed Rules for Clinical Thermometers Until December 30

08 Dec 2024 15:59 PM IST

The Centre has opened a public comment period until December 30, 2024, for proposed rules governing Clinical Electrical Thermometers, as announced by the Ministry of Consumer Affairs, Food and Public Distribution on Sunday. Department of Consumer Affairs has proposed amendments The Department of Consumer Affairs has proposed amendments in line
Calm Before the Storm: IIP and CPI Inflation Data Set to Influence Markets

Calm Before the Storm: IIP and CPI Inflation Data Set to Influence Markets

08 Dec 2024 15:03 PM IST

In the absence of significant triggers in the stock market, participants are turning their attention to key macroeconomic indicators, including the Index of Industrial Production (IIP) and Consumer Price Index (CPI) inflation, starting Monday, according to market analysts. With no major events on the horizon, analysts suggest that market attention
India’s Textile Industry Set To Reach USD 300 Billion, Says Union Minister Giriraj

India’s Textile Industry Set To Reach USD 300 Billion, Says Union Minister Giriraj

07 Dec 2024 23:52 PM IST

The textile industry is a crucial employment sector in India, directly employing 45 million people and providing jobs to an additional 100 million in related industries.
Asteria Aerospace Delivers AT-15 VTOL Drones to Indian Army for Advanced Surveillance

Asteria Aerospace Delivers AT-15 VTOL Drones to Indian Army for Advanced Surveillance

06 Dec 2024 18:10 PM IST

These man-portable drones offer extended flight times, high-altitude performance, and integrated EO-IR cameras for precision artillery targeting.
Elon Musk’s xAI Challenges OpenAI with $6B Boost, Legal Battle Over AI’s Future

Elon Musk’s xAI Challenges OpenAI with $6B Boost, Legal Battle Over AI’s Future

06 Dec 2024 16:49 PM IST

xAI’s mission is to develop advanced AI systems that are truthful, competent, and beneficial for all of humanity.
Union Minister Sarbananda Sonowal Highlights 300% Surge in Northeast Budget for 2023-24

Union Minister Sarbananda Sonowal Highlights 300% Surge in Northeast Budget for 2023-24

06 Dec 2024 16:24 PM IST

In a significant announcement, Union Minister of Ports, Shipping, and Waterways, Sarbananda Sonowal, revealed that the Northeast region has experienced a remarkable increase of over 300 percent in its budget outlay since 2014. The budget for the region has surged to Rs 94,680 crore for the fiscal year 2023-24, up
RBI Innovation Hub Uses MuleHunter.AI to Combat Financial Fraud

RBI Innovation Hub Uses MuleHunter.AI to Combat Financial Fraud

06 Dec 2024 15:48 PM IST

The Reserve Bank Innovation Hub (RBIH) is making significant progress in the fight against financial fraud. In particular, it is promoting MuleHunter.AI, an advanced AI tool designed to identify and flag mule accounts used in money laundering. Successful Trials in Public Sector Banks MuleHunter.AI has already been successfully tested in
RBI Holds Repo Rate at 6.5%, Cuts CRR to Boost Liquidity

RBI Holds Repo Rate at 6.5%, Cuts CRR to Boost Liquidity

06 Dec 2024 11:23 AM IST

The Reserve Bank of India (RBI) decided to hold the repo rate at 6.5%, as announced by Governor Shaktikanta Das on December 6, 2024. In a move to boost liquidity, the RBI also reduced the cash reserve ratio (CRR) by 50 basis points to 4%. Inflation Challenges and Slowing Growth
UNCTAD Predicts 3.3% Growth in Global Trade for 2024

UNCTAD Predicts 3.3% Growth in Global Trade for 2024

06 Dec 2024 06:43 AM IST

The United Nations Conference on Trade and Development (UNCTAD) anticipates global trade will achieve a new milestone of $33 trillion in 2024. This represents a $1 trillion increase from 2023, translating to an annual growth rate of 3.3 percent. This growth highlights the resilience of global trade amidst persistent global
India and ADB Collaborate on $50 Million Climate-Resilient Water Project in Meghalaya

India and ADB Collaborate on $50 Million Climate-Resilient Water Project in Meghalaya

05 Dec 2024 20:07 PM IST

The Government of India and the Asian Development Bank (ADB) have signed a USD 50 million loan agreement aimed at bolstering water security in Meghalaya. The initiative focuses on constructing water-harvesting systems to improve access to water and mitigate community vulnerability to climate change impacts, as stated in a release
Indian Govt Prioritizes MSMEs Interests In FTA Negotiations, Says S Jaishankar

Indian Govt Prioritizes MSMEs Interests In FTA Negotiations, Says S Jaishankar

05 Dec 2024 15:42 PM IST

Jaishankar underscored the importance of safeguarding domestic interests during trade negotiations.
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