Page 600 - Industry News
Restaurants' body seeks restoration of ITC, higher GST rate of 12%
This increased project cost slows down the expansion plans, which massively impacts the overall growth of the sector, it added
 "Restaurants' body seeks restoration of ITC, higher GST rate of 12%")
Interim Budget 2024-25: OilMin bats for retaining energy transition fund
Rs 30,000 cr was announced in last year's Budget but never disbursed
 "Interim Budget 2024-25: OilMin bats for retaining energy transition fund")
Metallurgical coal manufacturer body flags import of cheap met coke
The prevailing import rate for metallurgical coke in India is $395 per tonne, while the production cost for domestic met coke manufacturers is around $460 per tonne
 "Metallurgical coal manufacturer body flags import of cheap met coke")
No headway on digital competition law as committee term ends
The panel is looking at various regulatory aspects in dealing with challenges emerging from the digital economy
 "No headway on digital competition law as committee term ends")
AI can help mfg, healthcare, other sectors scale new heights: Nadir Godrej
Speaking to PTI, he said AI has great potential to help various sectors by optimising processes and it should be seen as a facilitator rather than a disruptor
 "AI can help mfg, healthcare, other sectors scale new heights: Nadir Godrej")
Hitting the mark: Govt on course to stick to FY24 borrowing target
Next financial year also likely to see similar target
 "Hitting the mark: Govt on course to stick to FY24 borrowing target")
Govt plans 24x7 electricity supply across the country by March 2025
This will be part of BJP's 'continuous reforms' if voted back to power
 "Govt plans 24x7 electricity supply across the country by March 2025")
Decision on laptops and tablets import system after September data
In October last year, India put in place an import management system under which importers of these products have to seek authorisation from the government
 "Decision on laptops and tablets import system after September data")
India electronics exports to US jump two-fold to $6.6 bn in Jan-Sep 2023
In August 2023, ICEA launched the Indo-US Task Force for Electronics with a mission to increase the bilateral electronics trade from USD 8.4 billion in the last fiscal to an ambitious USD 100 billion
 "India electronics exports to US jump two-fold to $6.6 bn in Jan-Sep 2023")
Funding winter shows signs of thaw but fintech industry is under scrutiny
The industry faces greater scrutiny and stricter governance norms
 "Funding winter shows signs of thaw but fintech industry is under scrutiny")
Co-living operators look to expand, open more centres to tap rising demand
Stanza, Colive, Zolo, Olive by Embassy, Your Space, Settl., Union Living and Coho are some of the co-living operators providing rental accommodations to students and professionals
 "Co-living operators look to expand, open more centres to tap rising demand")
Pharma industry seeks incentives for R&D, conducive policies in Budget
The interim Budget is scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1
 "Pharma industry seeks incentives for R&D, conducive policies in Budget")
TN delegation to showcase talent pool, robust infrastructure at Davos meet
"The 54th annual meeting of the World Economic Forum is centred around the theme of 'Rebuilding Trust' and we cannot build trust without an inclusive and sustainable society
 "TN delegation to showcase talent pool, robust infrastructure at Davos meet")
REITs, InvITs see growth; fund mobilisation rises to Rs 11,474 cr in 2023
REITs and InvITs are new concepts in the Indian market but have been a popular choice globally for their lucrative returns and capital appreciation
 "REITs, InvITs see growth; fund mobilisation rises to Rs 11,474 cr in 2023")
Auto exports dip 21% in 2023 as markets abroad face monetary crisis: Siam
Passenger vehicle shipments rose 5 per cent to 6,77,956 units last year from 6,44,842 units in 2022
 "Auto exports dip 21% in 2023 as markets abroad face monetary crisis: Siam")
Consider regulatory sandbox approach to deal with crypto issues: GTRI
GTRI said that in the light of crypto's acceptance in the regular financial system in the US, it remains to be seen how India's crypto policy evolves in coming months
 "Consider regulatory sandbox approach to deal with crypto issues: GTRI")
'Hope airfares come to right sweet spot,' says Vistara's chief Vinod Kannan
"There are times in the year due to seasonality...our fares in 2023 were even lower than 2022," he noted
 "'Hope airfares come to right sweet spot,' says Vistara's chief Vinod Kannan")
IAF indigenised more than 60,000 components in last 2-3 yrs: VR Chaudhari
The IAF chief was speaking with reporters on the sidelines of a programme held in the Bhonsala Military School in Nagpur on Saturday
 "IAF indigenised more than 60,000 components in last 2-3 yrs: VR Chaudhari")
T'gana CM proposes Industrial Corridor connecting Hyderabad to Vijayawada
Furthermore, he requested the allocation of one National Handloom Technology Center (IIHT) to Telangana, emphasizing the positive impact it would have on training weavers in modern technology
 "T'gana CM proposes Industrial Corridor connecting Hyderabad to Vijayawada")
IAF indigenised more than 60,000 components in 2-3 years: Air Chief Marshal
He also said the Air Force cannot rely on foreign OEMs (Original Equipment Manufacturers) for repair and overhaul maintenance activities and that it has to be done in-house
 "IAF indigenised more than 60,000 components in 2-3 years: Air Chief Marshal")