Prime Minister Narendra Modi launched three high throughput COVID-19 testing facilities in Noida, Mumbai and Kolkata. A report released by NASSCOM says that a unit increase in artificial intelligence (AI) intensity can add up to $67.25 billion or 2.5 per cent to the Indian Gross Domestic Product (GDP). The deadline for mandatory hallmarking of gold jewellery has been extended for more than four months, till July 1, 2021. Read for more top stories from the world of business and economy:
More than 5 lakh tests are being conducted in the country daily, efforts are underway to increase this capacity to 10 lakh in the coming weeks, says PM Modi.
With the private sector betting big on AI in India, AI startups have seen an increase in funds and also the rounds of funding. As per estimates, Indian AI market for start-ups attracted $762.5 million in 2019.
In his book, Patel is also critical of Mudra loans where government has set targets in the past for banks to give collateral-free loans up to Rs 10 lakh. Currently, the NPAs in the Mudra loans are one of the highest, even reaching 20 per cent-plus level for some PSBs.
The report also said that similar restrictions may be imposed on equipment related to the 5G spectrum, whenever an auction is planned.
From June 1 next year, jewellers will be allowed to sell only 14, 18 and 22 carats of gold jewellery, the Consumer Affairs Minister Ram Vilas Paswan stated.