Vaishnaw said the government had reached a stage where India needed a regulatory framework for AI, but stressed that legislation alone would not be enough. Union minister Ashwini Vaishnaw on Friday said that government is working on bringing AI regulations starting with releasing a Consultation paper next month.The paper will focus on AI safety, harms…
What are the key reforms that have been announced and what do they mean? Let’s take a look: The 57th GST Council meeting saw the announcement of sweeping reforms aimed at ease of doing business, especially for small businesses. The changes recommended by the Council will take effect from April 1, 2027.Finance Minister Nirmala Sitharaman…
Experts say H-1B visas are an indication of the larger crackdown to ensure Americans don’t lose out on jobs. Indians, particularly IT sector professionals, hoping to work in the US, have a steep uphill climb. And, under the Donald Trump administration the fear is that the path may itself be lost! The repeated tightening of…
TCS said growth during the quarter was broad-based across international markets, with BFSI, manufacturing and technology services among the key contributors. Tata Consultancy Services (TCS), India’s largest IT services company, on Thursday reported a 15 per cent rise in consolidated net profit to Rs 13,884 crore for the September quarter, aided by broad-based growth across…
New Delhi, Oct 08 (ANI): Union Finance and Corporate Affairs Minister Nirmala Sitharaman chairs 57th meeting of the GST Council, in New Delhi on Thursday. (@FinMinIndia X/ANI Photo) The Goods and Services Tax (GST) Council on Thursday recommended a series of changes aimed at easing compliance, reducing procedural burdens and simplifying the GST regime, while…
GDP records strong growth, but why is Dalal Street tumbling? India’s GDP has surpassed estimates, clocking a 7.8% growth. The World Bank is betting on an even stronger year than it previously expected. Yet, Dalal Street is bleeding.So what’s happening? Why is the stock market crashing when the economy appears to be doing so well?Thursday…
Which seven routes have been selected for the new high-speed rail corridors? (Image for representative purpose only) Imagine travelling from Delhi to Varanasi by train in less than 4 hours, or even covering the distance between Mumbai and Pune in less than an hour! In the coming years, Indian Railways is looking to make that…
Bond yields may hold near 7.25% Government bond yields may remain under pressure in early trade on Thursday after the Reserve Bank of India (RBI) raised interest rates for the first time in nearly four years and changed its policy stance, signalling that more rate hikes could follow.The benchmark 6.94% 2036 bond yield is expected…
UPI will continue to be free for consumers, with no transaction fee imposed on person-to-person payments. Will the rollout of Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions be deferred to January 2027? The government may postpone the move which was scheduled to be effective from October 15, 2026, by a few months,…
Adding to the pressure on markets, Brent crude prices rose another 2%. Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmarks, crashed in trade on Thursday, with both indices down around 1%. Investors reacted to the RBI’s policy tightening and repo rate hike, continued FII selling and other negative factors. BSE Sensex…