Dive into the tech & future
Prime Minister Narendra Modi on Friday said India’s digital payments ecosystem has radically transformed governance, financial inclusion and ease of living in the country. With the aim to foster global economic cooperation, the first G20 Finance Minister and Central Bank Governors (FMCBG) meeting is being held in Bengaluru on Friday. Union Finance Minister Nirmala Sitharaman … Read more
Indian Institute of Technology Madras (IIT Madras) will be provided a grant of Rs 242 Crore over a period of five years to undertake research on Lab Grown Diamonds (LGD). This research will be focused on driving indigenization of the LGD manufacturing process. Presenting the Budget 2023, finance minister Nirmala Sitharaman said, “Lab grown Diamonds … Read more
Finance minister Nirmala Sitharaman announced in the Union Budget speech that the central government will exempt customs duty on imports of certain parts that are used in smartphones and remove the 2.5% customs duty on select parts of mobile camera phones. Following the announcement, a tax official has said that the move is likely to … Read more
India expects to manufacture more mobile phones this year after the government eliminated import tariffs on some components used to assemble high-end phones from global companies such as Apple, a tax official told Reuters on Friday. Indian mobile phone exports nearly doubled year-on-year to $5 billion (roughly Rs. 40,960 crore) between April-October in 2022, primarily … Read more
Finance minister Nirmala Sitharaman in her Union Budget 2023-24 speech announced that the government will set up 100 labs in the top engineering institutions to develop apps and services for the next-generation network. India launched 5G in October last year and services are being rolled out by Reliance Jio and Bharti Airtel across India.“To realise … Read more
In a bid to further boost mobile phone production in India, finance minister Nirmala Sitharaman announced that the central government will exempt customs duty on imports of certain parts used in mobiles phones. In her Union Budget speech, Sitharaman said that mobile phone manufacturing in India has increased from 5.8 units in 2014-15 to 31 … Read more
While the role of traditional infrastructure has been well recognised, in recent years, the role of digital infrastructure in socio-economic development of the country has assumed an increased importance. In the coming years, the availability and spread of digital infrastructure will contribute significantly to economic growth, states the Economic Survey 2022-23 which was presented by … Read more
The rollout of 5G services in India can unleash new economic opportunities, the Economic Survey for 2022-23 has said. This will help the country leapfrog the traditional barriers to development, spur innovations by startups and business enterprises, and advance the ‘Digital India‘ vision, the report added. The Economic Survey for 2022-23 was tabled in the … Read more
Union Budget for the year is almost here. The Union Budget 2023-24 will be presented at a time when the global economy has come out of the shadows of Covid-19 but is faced with new challenges. Technology industry is hoping for a host of measures from Finance Minister Nirmala Sitharaman. Avneet Singh Marwah CEO SPPL … Read more