Expert

Goyal to meet exporters in Mumbai to discuss impact of 25% US tariff

Commerce and Industry Minister Piyush Goyal will hold meetings with exporters from different sectors, including food processing, textiles, engineering, and chemicals, from August 2-4 in Mumbai to discuss the implications of 25 per cent tariff announced by the US, an industry official said on Friday. The official added that exporters from segments such as fisheries, engineering, IT, and pharma will also participate in the deliberations. Leather sector exporters are expected to meet the minister on August 4 here. The US on Friday slapped a 25 per cent tariff on India, potentially impacting about half of the USD 86-billion Indian exports to America, while the other half, including pharmaceuticals, electronics, and petroleum products, continued to be exempted from the levy. New Delhi continues to be engaged in talks with the US to work out a trade deal, but will make no compromise on agricultural, daily and genetically modified (GM) products, sources said on Friday. For the sixth roun

ONOE may boost India's GDP by 1.5 percentage points, experts to Parl panel

Former finance commission of India chairman N K Singh and another expert on Wednesday made an economic case for simultaneous elections before a parliamentary committee, saying it can lead to a 1.5 percentage point rise in the real GDP growth, higher capital expenditure and more investment activity, sources said. In their joint presentation before the joint parliamentary committee, which is scrutinising the constitutional amendment bill for 'one nation one election' (ONOE), they quantified the rise in the GDP at Rs 4.5 lakh crore in terms of 2023-24 figures. However, they added that the fiscal deficit is also expected to rise by 1.3 percentage point due to higher post-election spending. Singh, a former MP and revenue secretary, and Prachi Mishra, economics professor, and head and director of Isaac Centre for Public Policy at Ashoka University, studied election cycles in India as it had simultaneous polls till 1967 before the schedules of Lok Sabha and assembly polls were split. The

US VC firm Expert Dojo to invest $45 mn in Indian startups by FY28

US-based venture capital firm Expert Dojo on Friday announced plans to invest USD 45 million (about Rs 387 crore) in Indian startups over the next 3-4 years. Launching its USD 100 million global fund at the Expert Dojo Investors Conclave 2025 in Bengaluru, the firm earmarked USD 15 million to be invested in 20-25 Indian startups in FY26. "Expert Dojo will deploy the USD 15 million in the first year to fund 20 to 25 early-stage startups across sectors such as fintech, B2B, SaaS, and AI. While sector-agnostic, the fund will focus on startups with global scalability. Founders can expect investment cheques ranging from USD 50,000 to USD 1 million, alongside access to Expert Dojo's international mentorship and go-to-market network," the company said in a statement. Over the next 2 to 3 years, Expert Dojo plans to invest an additional USD 30 million in Indian startups, the statement said. The company has also opened its India office in Bengaluru, positioning it as a central hub for ...

How Digital Innovation is Cultivating the Future of Business in Agriculture

In this exclusive Manager’s Mantra episode, Mr. Sanjay Borkar, CEO of FarmERP, shares his journey from rural roots to tech-driven innovation in agriculture.

RBI sets up 10-member expert committee on benchmarking of its statistics

The RBI on Monday announced setting up a committee under deputy governor Michael Debabrata Patra on benchmarking the statistics regularly disseminated by it against global standards. The 10-member 'Expert Committee on Benchmarking of its Statistics' has been asked to submit report by the end of November 2024. The panel, chaired by Patra, will also study the quality of other regular data, where such benchmarks do not exist (like sectors of national priority) and provide guidance on the scope for any further data refinement. The other members of the committee are R B Barman (former chairman, National Statistical Commission), Sonalde Desai (National Council of Applied Economic Research, New Delhi and University of Maryland, USA), Partha Ray (Director, National Institute of Bank Management, Pune), and Bimal Roy (former chairman, National Statistical Commission; and former director, Indian Statistical Institute, Kolkata). Paul Schreyer (former chief statistician, OECD), Bruno Tissot (he

RBI's stance provides elbow room to check inflation, aid growth: Experts

Nikhil Gupta, Chief Economist, MOFSL Group said what probably was more important was the Governor's emphasis on headline inflation and the focus on inflation deceleration when growth remains so good

Amusement industry growing at 15%, to reach Rs 25,000 cr mark soon: Experts

The amusement industry is growing at 15 per cent and is likely to reach the Rs 25,000 crore mark by 2030 or even before that in the country, say industry officials. Industry experts said that the sector holds huge potential for job creation and offers investment opportunities in religious and mythological theme-based parks with the help of technological innovation, laser shows and others. Speaking at a panel discussion on the growth of tourism, amusement, food, travel, Indian Association of Amusement Parks and Industries (IAAPI) chairman Shrikant Goenka said that the amusement industry is growing at the rate of 15 per cent, and there are huge employment opportunities. There are immense investment opportunities to create more theme-based stories, mythological and religious theme parks with the help of technological innovation, laser shows, videos etc. at various religious circuits which are being developed by the Centre and State tourism boards, Goenka said. "Our annual turnover sta

Expert panel suggests semicon research centre with investment of $8 bn

An Electronics and IT ministry-backed expert panel has recommended setting up a semiconductor research centre with an initial investment of around USD 8 billion (about Rs 66,500 crore) over the next five years. The panel on Friday submitted its report to Minister of State for Electronics and IT Rajeev Chandrasekhar who said that the proposed institution is expected to start taking shape next year. The minister said that Prime Minister Narendra Modi's vision is that Indians should be involved in the leadership of semiconductor research. "A group of top minds in semiconductors around the world and country have sat together to design the Bharat Semiconductor Research Centre," Chandrasekhar told PTI. He said that the proposed Bharat Semiconductor Research Centre will be a global institution in semiconductor research. "The design, area in which it should focus etc. have all been today authored and put in a high-quality report by the experts. I'm hopeful that in the year 2024, we should

Artificial intelligence threatens extinction, experts say in new warning

Scientists and tech industry leaders issued a new warning Tuesday about the perils that artificial intelligence poses to humankind. Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war, said the statement posted online. Sam Altman, CEO of ChatGPT maker OpenAI, and Geoffrey Hinton, a computer scientist known as the godfather of artificial intelligence, were among the hundreds of leading figures who signed the statement, which was posted on the Center for AI Safety's website. Worries about artificial intelligence systems outsmarting humans and running wild have intensified with the rise of a new generation of highly capable AI chatbots such as ChatGPT. More than 1,000 researchers and technologists, including Elon Musk, signed a letter earlier this year calling for a six-month pause on AI development because, they said, it poses profound risks to society and humanity. Countries around the world ar

'No need to panic,' says expert in India amid monkeypox spurt abroad

The Centre on Friday issued an alert to the National Centre for Disease Control (NCDC) and the Indian Council of Medical Research (ICMR) and asked them to keep a close watch on the situation evolving

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Our experts from across the industry list ideas, approaches and practices for new year