Exclusive: For self-sufficiency in semiconductor India should not repeat past mistakes: VK Saraswat

In 2021, the government announced a comprehensive program for developing the semiconductors and display manufacturing ecosystem in India with a budget of over Rs 76,000 crore. With the said budget, India Semiconductor Mission (ISM), recently announced by the Ministry of Electronics and IT (MeitY), the government is trying to establish itself in the $553 billion […]

Road ministry completes 1,41,190 km of national highways as of March 31

The road transport ministry has completed 1,41,190 kilometer of national highways as on March 31 this year out of the set target of 2 lakh km for 2024-25, the commerce and industry ministry said on Thursday. Similarly, the petroleum ministry has completed laying of a gas pipeline of 20,000 km out of 34,500 km targeted […]

Russia says blast cripples Black Sea flagship, Ukraine claims missile strike

Russia said on Thursday the flagship of its Black Sea fleet was seriously damaged and its crew evacuated following an explosion that a Ukrainian official said was the result of a missile strike. Russia’s defense ministry said a fire on the Moskva missile cruiser caused ammunition to blow up, Interfax news agency reported. It did […]

Asian shares track Wall Street higher than US yields stabilizes

Asian shares tracked Wall Street higher on Thursday, while US Treasury yields steadied and dollar retreated, as latest US data raised hopes that inflation may be close to peaking, though several major central banks raised rates aggressively. Traders were waiting for a European Central Bank meeting later in the day, to see if it was […]

‘We Too Have Views About Their Views’: Jaishankar on US’s human rights remark

External Affairs Minister S Jaishankar said on 13 April, 2022, that human rights issue was not a topic of discussion during the India US 2+2 ministerial meeting this week, as he asserted that whenever there is a discussion New Delhi will not be reticent about speaking out. “On the human rights issue; no, we did […]

IMF board approves new trust to help low-income, middle-income nations

The International Monetary Fund’s executive board on Wednesday approved the creation of a new facility to help low-income and most middle-income countries deal with longer-term challenges such as climate change and pandemics. IMF Managing Director Kristalina Georgieva announced the approval of the new Resilience and Sustainability Trust in a statement after the board meeting and […]

BNP Paribas MF ceases to exist as mutual fund, says SEBI

BNP Paribas Mutual Funds cease to exist as a mutual fund, capital markets regulator SEBI said on Wednesday. This comes after BNP Paribas Asset Management Company Private Limited (BNPP AMC) informed SEBI that it wants to surrender the registration granted to BNP Paribas Mutual Fund by the market regulator pursuant to change in control. Following […]

Country applauds heroic efforts of rescue personnel: PM after ropeway incident

Prime Minister Narendra Modi on Wednesday evening said that the entire country applauds the heroic effort of security personnel in saving the lives of people caught in the Jharkhand ropeway accident. PM Modi was having a virtual interaction with the security personnel involved in rescue operations at Jharkhand’s Deoghar, where three people died in a […]

Bullet train trials to be conducted at 350 kmph, comparable to take-off speed of airplanes

The trials of the bullet train will be conducted at a speed of 350 kilometers per hour, comparable to the take-off speed of airplanes, officials said on Wednesday. The first such trial will be held between Bilimora and Surat in Gujarat in 2026, followed by other sections, they said. The operational speed of the trains […]

Center releases Rs 2.94 lakh cr to FCI, states as food subsidy last fiscal

The Center has released Rs 2,94,718 crore towards food subsidy during the last fiscal to Food Corporation of India (FCI) and states, which is slightly higher than the revised budget estimates. During the financial year 2021-22, the Department of Food & Public Distribution released Rs 2,94,718 crore towards food subsidy, under both DCP (decentralized procurement) […]