Technology

In a significant development, import of Defence Equipment not manufactured in India has been exempted from Basic Customs Duty under the Budget 2019-20 tabled in Parliament on 5 July 2019 by Finance Minister Nirmala Sitharaman.

Innovation is a currency of the future and India needs to start working in a focused manner on creating a strong innovation culture, said Dhotre Sanjay Shamrao, Minister of State, Ministry of Electronics & Information Technology.

The Federation of Indian Chambers of Commerce and Industry (FICCI) has launched its new initiative 'FICCI Future- X' platform that aims to elucidate Industry 4.0 technologies, highlighting the opportunities and challenges for students and faculty, through Future Talks, Capacity Building...

The Government has accepted recommendation for restructuring and strengthening of Hindustan Aeronautics Limited (HAL) and setting up of an Aerospace University at a cost of Rs.592 crore.

Invest India is currently working with 1,003 companies, with an indicated investment worth US$137 billion and indicated employment of 1,981,147 extending end-to-end facilitation support, Parliament was told on 3 July 2019.

The Ministry of Agriculture and Farmers Welfare has signed a Statement of Intent (SoI) with IBM for undertaking an AI-weather pilot study in 3 districts of Bhopal, Rajkot and Nanded in Madhya Pradesh, Gujarat and Maharashtra, respectively.

WNS (Holdings) Limited (NYSE: WNS) has announced its strategic contract win with the newly formed US$1.8 billion capitalized Convex Group Limited, an international specialty (re)insurer based in the UK and Bermuda led by renowned insurance leaders Stephen Catlin and Paul...

Accenture (NYSE: ACN), Cisco and Quest Alliance are teaming to equip 1.5 million youth across India with skills for the digital economy, it was announced in Bengalore on 2 July 2019.

The Federation of Indian Export Organizations (FIEO) has urged the Government to provide a 200% tax deduction for Research and Development (R&D) investment and product innovation as the sector face long gestation activity with uncertainty.

The Government is supporting a Rs.10,000 crore scheme for the electrification of public and shared transportation layout with the aim to have 7,000 e-Buses, 5 lakh e-3 Wheelers, 55,000 e-4 Wheeler Passenger Cars and 10 lakh e-2 Wheelers during 2019-22.