After staging a strong recovery from COVID-induced slowdown in 2021, India's exports are likely to extend the growth story to the New Year also on increased demand in the global markets, boost in domestic manufacturing due to production-linked incentive schemes and implementation of some interim trade pacts. Expectations of positive growth in the country's exports are also backed up by the outlook of the World Trade Organisation (WTO) which predicts a 4.7 per cent expansion in the global merchandise trade volume in 2022. Exporters believe that the outbound shipments would cross $400 billion mark in this fiscal going by the current momentum and may reach $475 billion in 2022-23.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
The government is believed to be working on a strategy to resolve the matter related to Wednesday's Supreme Court order asking Samsung Electronics Chairman Lee Kun-hee to appear within six weeks before the Ghaziabad trial court in a pending payment case.
Toll collection is a key instrument for the government to attract private investment.
Agriculture, social services, education, defence and so on will be brought into the digital fold and every gram panchayat will be connected to the internet.
'The no-rate cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate RBI Governor Shaktikanta Das is maturing in his new role,' notes Tamal Bandyopadhyay.
Before the MCC came into effect, Modi was busy laying stones, cutting ribbons, and unveiling plaques across the country.
Once installed, the LAIRCAM system increases crew-warning time, decreases false alarm rates and automatically counters advanced intermediate range missile systems.
Government's objective is to bring down the cost of cultivation through efficient use of fertilisers and agro chemicals, and increase in realisation. It is, thus, planning to connect 200 agricultural mandis with electronic National Agricultural Mandis this year and 225 next year, to enable farmers to sell their produce hassle-free online.
To believe that the key job of his senior ministers is to ensure that his image be kept intact whatever be the outcome of his policies is to expect too much even of someone as ambitious as Narendra Modi, asserts Rashme Sehgal.
Neeraj Prakash, MD, Shriram General Insurance, explains how new measures proposed in the Motor Vehicles Act can smoothen the lives of the insured and insurer and how the government plans to make more vehicles owners buy insurance.
The government has the upper hand in the ongoing negotiations, and it is unclear if a real debate will happen, observes Tulika Narayan.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
KYC done while opening a bank account can be used to open a mutual fund account.
'Jammu and Kashmir is free for any movement and accessible to all including citizens, outsiders, journalists and all others for free movement'
National Investigation Agency will get CCTV footage disc, related to arrest of suspected militant Liyaqat Ali Shah, analysed from Electronics Corporation of India Ltd as the discs seized by Delhi Police were found to be damaged.
In a bid to resurrect Air India privatisation, the government is planning to give flexibility to potential investors to decide on the humongous debt with the national carrier, a top official has said. The flexibility to potential investors on the quantum of the Rs 60,074 crore debt that they want to absorb will replace the current condition of the buyer taking over more than a third of the debt and transferring the rest to a special purpose vehicle, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said.
The government is expected to route all its official communication through the official website National Informatics Centre's email service.
'We are in touch independently with leading players, and they are denying it as well.' 'The Indian digital footprint is rising, creating new opportunities.'
'India's future: To manufacture so efficiently that we do not need protection,' says Naushad Forbes.
'India needs offensive and defensive security measures to protect itself.'
'If we cannot conclude a trade deal, both sides are likely to take trade actions that will further impair our government-to-government ties.'
In April, RBI had projected retail inflation to be around 5 per cent.
The company was awaiting clarification from the Reserve Bank of India on data storage before it took a final call on data localisation.
It will allow more transparency in policies and flexibility in premium payment, besides improving processing of claims.
National artificial intelligence unit stuck for lack of anchor department
The five-acre facility, set up by M&M through a joint venture with government owned company MSTC, went on stream in April this year
The reversal of Trump's policy with regard to Iran, like the withdrawal from the Paris Agreement, may not be a matter of just turning the clock back, but one of patient negotiations, with uncertain consequences in the post-COVID-19 world, observes Ambassador T P Sreenivasan.
The former IAS officer was sworn-in as Minister of State (Independent Charge) of Tourism; and Minister of State in the Ministry of Electronics and Information Technology.
'When a person is capable of infecting 50 others, will you think about the privacy of the person or about protecting the lives of people?'
Shekhar Gupta's anthology is a valuable addition to our understanding of the seeming muddle that is India... The experience of reading his columns is more like a chat with a friend in the afterglow of an enjoyable drink, but never frivolous, says Shreekant Sambrani.
The agreement would divert China's attention and keep them busy in the Pacific theatre, probably resulting in a reduction in threat perception in our area of interest in the Indian Ocean, notes Commodore Venugopal Menon (retd).
Will a time come when people will look beyond what they see as Modi'S strengths and begin to wonder why they have got poorer or sicker under his rule, asks Vir Sanghvi.
The National Technical Research Organisation, the ambitious project to protect India's cyber space, is all set to roll out in May. However, experts are sceptical on how the government will maintain a balance between cyber security and civil liberties, reports Vicky Nanjappa.
Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed up against any regulatory issues. Officials at the ministry of electronics and information technology and at other regulators are happy they do not have to meddle in who among the Tata group, Reliance Industries Ltd, Flipkart or Paytm will manage to build an app that sweeps in customers. Unlike separate apps a customer uses on her mobile to order groceries, buy food or airline tickets or just make payments, a super app can perform all these functions.
From tackling cyber threat to having an an unmanned tank, there's so much DRDO wants to do
The PM said that the Union Budget will accelerate the economic growth, financially empower every citizen and strengthen the foundation of the economy in the new decade.
With intense competition in telecom sector, the two companies are rushing to diversify into other revenue streams, prominent among which are cloud services.
On the present government's 'Make in India' campaign, C Rangarajan, former chairman of the Prime Minister's Economic Advisory Council, says it is important to first ask for whom it is being made.
