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Economy

Ashwini Vaishnaw, Union Minister for Communications and Electronics & Information Technology

‘If you walk two steps, govt will walk four steps,' says Minister Ashwini Vaishnaw to industry

Oct 02, 2022

Vaishnaw also urged the big corporate groups to come forward and adopt 1 or 2 institutions to impart technical expertise to students.

The report also highlighted some sectors that can get a big boost from the launch of 5G services.

5G rollout to change the face of industry? Read what KPMG has to say

Oct 02, 2022

According to the report, a 10 per cent increase in mobile adoption increases GDP by 1 per cent and that rises to approximately 15 per cent when connections are upgraded from one mobile network to another.

Thiru T Mano Thangaraj, Minister of Information Technology, Tamil Nadu

Exclusive: 5G to transform India, but accessibility a big concern, says Tamil Nadu IT Minister

Oct 02, 2022

"We need to see how services reaches to end consumer for these kinds of problems we need to find the solution," IT Minister Thangraj said.

In addition to this, RBI has also cut India's GDP growth forecast for FY23 to 7 per cent from its earlier projection of 7.2 per cent.

RBI expects inflation to drop to 5.8% in January-March 2023, further down 5.2% in FY24

Oct 02, 2022

The central bank expects inflation to remain above the upper tolerance level of 6 per cent in the first three-quarters of FY23. RBI also expects inflation to come under control from January 2023 onwards.

Yezdi Nagporewalla, CEO of KPMG India

India's GDP will increase 0.25-0.50% because of 5G, says KPMG India CEO

Oct 02, 2022

Yezdi Nagporewalla, CEO of KPMG India, emphasised on the fact that telecom is the entry point for any digital transformation. "And I must say, 5G will be the greatest accelerator you will find," he added.

Nunzio Mirtillo, Head of Ericsson Southeast Asia, Oceania, and India

Exclusive: India's average data usage to rise up to 50GB per month by 2027, says Nunzio Mirtillo

Oct 02, 2022

Head of Ericsson Southeast Asia, Oceania, and India, Mirtillo expects with this kind of traffic demand, the subscribers of broadband will also increase massively. "Without 5G you can't cope with that big increase," he explained.

Union Minister of Communication Ashwini Vaishnaw

'Govt will go for licensing reforms after Telecom Bill is enacted,' says Ashwini Vaishnaw

Oct 02, 2022

"I am sure India will become telecom capital of the world, and India will become telecom technology leader," Ashwini Vaishnaw said.

FPI flows are expected to remain volatile in the coming months on slew of global and domestic factors, experts said.

FPIs turn net sellers again; withdraw Rs 7,600 cr from equities in Sep

Oct 02, 2022

With this, the total outflow by Foreign Portfolio Investors (FPIs) from the Indian equity markets has reached Rs 1.68 lakh crore so far in 2022, data with depositories showed.

Municipal workers celebrate after Indore was declared as the cleanest city as per a government survey

Indore hits a six! Once again emerges as the cleanest city of India

Oct 01, 2022

Uttarakhand’s Haridwar was named the cleanest Ganga town in the category of more than 1 lakh population, followed by Varanasi in Uttar Pradesh and Rishikesh in Uttarakhand.

The 'Big 3' of Indian telecom industry - Kumar Mangalam Birla, Mukesh Ambani and Sunil Bharti Mital

The 'Big 3' of Indian telecom reiterate their commitment to 5G rollout

Oct 01, 2022

India Mobile Congress 2022: The launch of the sixth edition of the country’s marquee telecom and technology event drew a record crowd of more than 3,000 for the inauguration ceremony.

5G in India: When will the services be rolled out?

5G launch in India: When can you use the ultra high-speed internet services?

Oct 01, 2022

5G launch in India: Reliance Jio, Airtel and Vodafone Idea spoke about their roll-out and implementation plans.

September 2022 also witnessed the second highest single-day collection of Rs 49,453 crore on September 20, with the second highest number of 8.77 lakh challans filed.

GST collections up 26% in Sept; GST portal fully stabilised and glitch-free, says FinMin

Oct 01, 2022

September 2022 is also the eighth month and for the seventh month in a row now, the monthly GST revenues have been more than the Rs 1.4 lakh crore mark, said the Finance Ministry.

5G launch in India: KM Birla says 5G demonstrates India’s prowess on the global stage/PC: Hardik Chhabra

KM Birla hails 5G launch in India, calls it a 'generational leap'

Oct 01, 2022

5G launch in India: Speaking at the India Mobile Congress 2022, after the launch of the ultra high-speed internet services in the nation, KM Birla said that the telecom industry is the bedrock of Digital India.

In the month of September, the prices of commercial LPG cylinders were reduced by Rs 91.50. Before that, on July 6, the rates were revised and the prices were cut by Rs 8.5 per unit.

LPG cylinder price update: Commercial cylinder prices see a cut amid festive rush. Check new rates here

Oct 01, 2022

The oil marketing companies will now charge Rs 1,859 for the cylinder in Delhi, instead of Rs 1,885. However, there was no change in the rates of domestic LPG cylinders used in households.

Interestingly, the gas produced from old fields also makes up for about two-thirds of all gas produced in India.

Natural gas prices up 40%; CNG, PNG to cost more

Sep 30, 2022

A steep increase in prices is likely to make CNG and piped natural gas (PNG) costs higher, which have already risen more than 70 per cent in the last year. Moreover, this is also the third increase in natural gas rates since April 2019.

Mansukh Mandaviya, Minister of Health and Family Welfare and Chemical and Fertilizers of India

Indian medical devices industry has potential to reach $50 billion by 2030: Mansukh Mandaviya

Sep 30, 2022

The current market size of the medical devices sector in India is estimated to be $11 billion and its share in the global medical device market is estimated to be 1.5 per cent.

Rupee rises 33 paise to close at 81.40 against US dollar as RBI raises rates by 50 bps (Photo: Reuters)

Rupee rises 33 paise to close at 81.40 against US dollar as RBI raises rates by 50 bps

Sep 30, 2022

The Reserve Bank of India (RBI) on Friday raised the benchmark lending rate by 50 basis points, the fourth straight increase since May, as it extended its battle to tame stubbornly high inflation.

Among other decisions, the SEBI board has allowed net settlement between cash and derivatives segment to facilitate efficient settlement.

SEBI makes new rules for IPO-bound companies

Sep 30, 2022

The board of the capital market regulator has allowed companies to file draft documents without sensitive information being disclosed at the initial stage; IPO documents to include enhanced disclosure related to past transactions and fund raising.

The previous low was in November 2021 at 3.2 per cent.

Growth rate of eight core sector slows to 3.3% in August: Govt data

Sep 30, 2022

The production growth of eight infrastructure sectors was 9.8 per cent during April-August this fiscal, compared to 19.4 per cent a year ago.

The minister added it's a matter of pride that Mercedes EQS 580 is made in India.

Nitin Gadkari to Mercedes-Benz: Produce more cars in India so that middle-class can also afford them

Sep 30, 2022

"For last many years as a nation, I'm trying my level best for transition to alternative fuel. Today, 35-40 per cent of the pollution is because of fossil fuels. That's why we're encouraging the automobile industry to make electric vehicle," Nitin Gadkari said.

Vande Bharat Express 2.0: PM Modi flagged off the train from Gandhinagar Capital railway station around 10.30 am.

Vande Bharat Express 2.0: PM flags off new train between Gandhinagar and Mumbai

Sep 30, 2022

Vande Bharat 2.0 is equipped with several advancements and improved features over its previous version and can sprint from 0 to 100 kilometres per hour in just 52 seconds, and has a maximum speed of up to 180 kilometres per hour.