NEW DELHI: In a rapidly reshaping global economy, strategic sovereignty has emerged as a guiding imperative, as nations navigate global supply chains while safeguarding critical capabilities in an increasingly fragmented world, global business leaders said. During a panel discussion, KPMG India CEO Yezdi Nagporewalla, global leaders across new age economy, technology and defence, financial inclusion,…
Gold continues to hold strong appeal among young Indians, even as access to modern financial products widens, with 62 per cent of respondents naming the precious metal as their preferred investment option, according to a survey.The findings suggest that despite the rise of mutual funds, equities and crypto assets, gold remains the go-to choice for…
NEW DELHI: Railways is seeking to address the biggest concern of long distance passengers— train toilets. It on Saturday rolled out reforms in on-board services with focus on regular cleaning of toilets, wash basins and garbage collection in trains on the move, including for millions of passenger travelling in general or unreserved coaches to have…
A new study by the Indian Council for Research on International Economic Relations (ICRIER), supported by OpenAI, has sought to ease concerns about large-scale job losses due to artificial intelligence.According to the report, generative AI is not triggering mass layoffs in India’s IT sector at present. Instead, it is reshaping how work is organised, improving…
The Centre has given the green light to a series of highway projects worth over Rs 11,000 crore spanning Maharashtra, Gujarat and Telangana, according to official statements.The approvals were granted by the Cabinet Committee on Economic Affairs (CCEA) and cover road widening, rehabilitation and new four-lane stretches aimed at boosting freight movement and regional connectivity….
The Centre is pushing port-led infrastructure expansion in Andhra Pradesh, with four ports currently under construction, even as it steps up nationwide port modernisation and efficiency measures.As per information shared on Friday in Parliament, the ports under construction in Andhra Pradesh are Mulapeta Port (formerly Bhavanapadu Port) in Srikakulam district, Machilipatnam Port in Krishna district,…
The Union Cabinet has approved the extension of the Noida Metro Aqua Line from Botanical Garden to Noida Sector 142, a move aimed at strengthening urban connectivity in one of the fastest-growing manufacturing and services hubs in the National Capital Region.The project will be implemented by the Noida Metro Rail Corporation Limited (NMRC) and will…
NEW DELHI: For decades, India’s fiscal federal system has had one core element that stood out: poorer states would be supported so that growth could be shared.The 16th Finance Commission has not broken that promise on paper. States will still receive 41 percent of the divisible pool of central taxes. But beneath that headline number,…
The Union Cabinet has approved the Startup India Fund of Funds 2.0 (Startup India FoF 2.0) with a total corpus of Rs 10,000 crore to mobilise venture capital for the country’s startup ecosystem.The scheme is aimed at accelerating the next phase of India’s startup growth by mobilising long-term domestic capital, strengthening the venture capital ecosystem…
China will remove tariffs on imports from almost all African countries starting May 1, Chinese President Xi Jinping said, according to state media, in a move expected to deepen trade and economic engagement between Beijing and the continent, AFP reported.China already operates a zero-tariff policy for imports from 33 African countries, but Beijing had announced…