India, Oman IT Cooperation Pact Gets Cabinet Nod
India and Oman have agreed to enhance their bilateral cooperation in the field of Information Technology. The Union Cabinet, chaired by Prime Minister Narendra Modi, was apprised of a Memorandum of Understanding (MoU) signed between the two countries on December 15, 2023. Objectives of the MoU The MoU intends to promote comprehensive cooperation between India […]
CSIR-Human Resource Development Centre Signs MoUs with Skill Councils
The CSIR-Human Resource Development Centre (CSIR-HRDC), Ghaziabad (UP) has signed a collaborative Memorandum of Understanding (MoU) with four Sector Skill Councils (SSCs) – Agriculture Skill Council of India (ASCI), Capital Goods & Strategic Skill Council (CGSSC), Hydrocarbon Sector Skill Council (HSSC) and Life Sciences Sector Skill Development Council (LSSSDC). The MoU aims to create an […]
Lentil Gets Highest MSP at Rs 425 per Quintal: Cabinet Decision
Lentil, also known as masur, is one of the most important pulse crops in India. It is rich in protein, iron, and dietary fibre, and contributes to food security and nutrition. India is the second-largest producer of lentil in the world, after Canada, and accounts for about 25% of the global production. The Indian government […]
RBI Report: Panchayats Should Reduce Dependence on Grants
The Reserve Bank of India (RBI) has released a report on the finances of Panchayati Raj Institutions (PRIs) on January 24, 2024. The report analyses the revenue and expenditure patterns of PRIs across states and suggests ways to improve their financial autonomy and accountability. Grants are the main source of revenue for PRIs The report […]
Cabinet Approves Rs 8,500 Cr Incentive for Coal Gasification
The Union Cabinet on Wednesday approved a Rs 8,500 crore incentive scheme for coal gasification projects, sources said. The adoption of gasification technology in India is expected to reduce the country’s reliance on imports of natural gas, methanol, ammonia and other essential products . What is coal gasification? Coal gasification is a process that converts […]
RBI Announces Revised Eligibility for UCBs in Second Schedule
The Reserve Bank of India (RBI) has announced new eligibility criteria for inclusion of Urban Co-operative Banks (UCBs) in the Second Schedule to the RBI Act, 1934. The Second Schedule lists the banks that are eligible to participate in the statutory liquidity ratio (SLR) and cash reserve ratio (CRR) requirements, and also enjoy certain benefits […]
Uttarakhand Summit 2023: 10 MoUs with Netherlands Companies
The Uttarakhand Global Investors Summit 2023, held on December 8 and 9, was a landmark event for the state, which aimed to establish itself as a new investment destination with the theme ‘Peace to Prosperity’. The summit was inaugurated by Prime Minister Narendra Modi and addressed by Union Home Minister Amit Shah in the presence […]
Rs 8,325 Cr Prepaid by Airtel for 2015 Spectrum Liabilities
Bharti Airtel, India’s second-largest telecom operator, has prepaid Rs 8,325 crore to the Department of Telecom (DoT) towards part prepayment of the deferred liabilities pertaining to spectrum acquired in the 2015 auction. The company said that this move will reduce its interest cost by 10 per cent. Spectrum auction in 2015 Bharti Airtel had won […]
AI in India: Cabinet to Review Rs 10,000 Cr Proposal
The Ministry of Electronics and IT (Meity) will soon seek cabinet approval for the India AI programme, which aims to build GPU-based servers in public-private partnership mode with an outlay of over Rs 10,000 crore, according to Minister of Electronics and IT Rajeev Chandrasekhar. Introduction Artificial intelligence (AI) is a key technology that has the […]
Swiss-India Trade Deal Sealed After 16 Years
Switzerland and India have reached a consensus on a free trade agreement (FTA) after 16 years of negotiations, according to a post by the Swiss Economy Minister Guy Parmelin on X . The deal is expected to create jobs for young Indians and safeguard Switzerland as an industrial location. Background The FTA negotiations between the […]