City New Delhi Financial News

NEW DELHI : The government is set to rationalize tariffs for inputs and sub-components used for making electronics goods, according to minister of electronics and information technology Rajeev Chandrasekhar. The ministry of electronics and information technology has been in discussions with the revenue department under the ministry of finance to review the tariffs or import duties on the components that are needed for local production of finished goods that is being scaled up. “We have in the last budget also made our point of view known to the department of revenue.

NEW DELHI : Prime minister Narendra Modi on Sunday launched a ₹13,000 crore PM Vishwakarma scheme that aims to help artisans and craftsmen with collateral-free loans and other financial incentives and training for upskilling. Under the scheme, artisans would get collateral-free credit of up to ₹3 lakh at a concessional interest rate of 5%.

Airbus C295 medium tactical transport aircraft in India will be a «game changer» as it would facilitate the creation of a world-class aerospace ecosystem in the country that would help in manufacturing other planes in the long-run, Indian Ambassador to Spain Dinesh K Patnaik said here. The Indian Air Force received the first C295 aircraft on Wednesday, two years after New Delhi sealed a Rs 21,935-crore deal with Airbus Defence and Space to procure the planes. Under the deal, Airbus will deliver the first 16 aircraft in 'fly-away' condition from its final assembly line in Seville by 2025 and the subsequent 40 aircraft will be manufactured and assembled by Tata Advanced Systems (TASL) in India as part of an industrial partnership between the two companies. «The C295 project will be a game-changer project as it will create a world-class aerospace ecosystem in India,» Patnaik told PTI in an interview. The first 'Make in India' C295 is set to come out of a production facility in Vadodara in September 2026 and the final aircraft is expected to be delivered to the IAF by August 2031. It will be the first military aircraft to be produced in India by a private consortium. Officials said India is looking at procuring more C295 aircraft to replace the Indian Air Force's ageing transport fleet. After Airbus handed over the first plane to the IAF, Patnaik said the C295 project is not only about procurement of the aircraft but it carries much more significance in terms of the creation of an aerospace eco-system in India. «We still do not have a private aerospace eco-system in India whereas all major countries have such ecosystems.

Delhi Metro has increased the operational speed of Metro trains on the Airport Express Line to 120 kmph starting Sunday, officials said. The total journey from New Delhi station to newly-built Yashobhoomi Dwarka Sector 25 station will take about 21 minutes, they said. «Prime Minister Narendra Modi took a metro ride to reach the new station at Dwarka Sector-25.

Delhi Airport Metro Express line from Dwarka Sector 21 to YashoBhoomi Dwarka Sector 25 station, inaugurated by Prime Minister Narendra Modi on Sunday, will be opened to passengers later in the day. Delhi Metro has increased the operational speed of metro trains on the Airport Express Line to 120 kmph starting Sunday, a senior official said. The journey from New Delhi Metro Station to the newly-built YashoBhoomi Dwarka Sector 25 station will take about 21 minutes, he said. Modi on Sunday morning inaugurated the extension and YashoBhoomi, the first phase of the India International Convention and Expo Centre (IICC). The metro station is located near the brand new complex, and is connected to it via a subway link. «Passenger operations on this new extension will be started from 3 pm onwards today.

Vishwakarma Jayanti', Prime Minister Narendra Modi on Sunday launched 'PM Vishwakarma' scheme for the benefit of traditional artisans, with an allocation of Rs 13,000 crore. The event took place at the newly inaugurated India International Convention and Expo Centre in Dwarka, New Delhi. The launched scheme will offer skill enhancement through both basic and advanced training, a toolkit incentive of Rs 15,000, collateral-free credit support up to Rs 1 lakh (first tranche) and Rs 2 lakh (second tranche) at a concessional interest rate of 5 per cent, incentives for digital transactions, and marketing support, read a PMO press release. «PM Vishwakarma scheme has been launched today which will emerge as a ray of hope for artists and craftspersons,» said PM Modi during the event. The scheme will register 'Vishwakarmas', who create using their hands and tools, at no cost through Common Services Centres, utilising the biometric-based 'PM Vishwakarma' portal. These artisans and craftspeople will receive recognition in the form of a PM Vishwakarma certificate and ID card. It will benefit artisans and craftspeople in rural and urban areas across India.

India and Brazil have started talks to mutually resolve a sugar related trade dispute at the World Trade Organisation (WTO) and as part of the solution the South American nation may share ethanol production technology with New Delhi, an official said. Brazil is the largest producer of sugarcane and ethanol in the world. It is also a leader in the technology used for ethanol production. «Few rounds of talks have been held as part of our efforts to resolve the dispute.

Also read: Yashobhoomi Inauguration LIVE: PM Modi to inaugurate Convention Centre in Delhi today, cops issue traffic advisory Currently, services on the Airport Express line are available till Dwarka Sector 21, which is also the interchange point with Delhi Metro's Blue Line. The new station will provide metro connectivity to residents around Dwarka Sector 25 and the new sectors along the Dwarka Expressway in neighbouring Gurugram. Also read: PM Narendra Modi's birthday today, here's how you can wish the Prime Minister directly The new section will expand Delhi Metro's network to 393 kilometres with 288 stations, including the Noida-Greater Noida corridor and the Rapid Metro in Gurugram.

Parliament House, which may soon hand over its position as the country's hallowed legislature to a new complex inaugurated four months ago, has stood for over 96 years as a sentinel of time and a repository of India's democratic journey.

climate change challenges. Read more. On September 10, the Indian Space Research Organisation (ISRO) announced that Aditya-L1, India's pioneering solar mission, had triumphantly executed its third Earth-bound manoeuvre.

Vishwakarma Jayanti', Prime Minister Narendra Modi will launch a 'PM Vishwakarma' scheme today for the benefit of traditional artisans. The event will take place at the India International Convention and Expo Centre in Dwarka, New Delhi on Sunday at around 11 am, according to a press release from the Prime Minister's Office (PMO). The «PM Vishwakarma» scheme reflects the steadfast commitment of PM Modi to support and uplift individuals engaged in traditional crafts, it said. Addressing the nation from the ramparts of the Red Fort on the 77th Independence Day, PM Modi had announced that the government will soon launch a scheme for individuals skilled in traditional craftmanship. His vision extends beyond providing financial assistance; it aims to preserve age-old traditions, culture, and the rich heritage embodied in local products, art, and crafts, the release said. «PM Vishwakarma» will receive full funding from the Union Government, with an impressive allocation of Rs 13,000 crore. The scheme will register 'Vishwakarmas', who create using their hands and tools, at no cost through Common Services Centres, utilising the biometric-based 'PM Vishwakarma' portal.

Gita Mehta, renowned writer-filmmaker passed away on Saturday in New Delhi. Mehta, who died at 80, was the sister of Odisha's Chief Minister Naveen Patnaik and daughter of Biju Patnaik. Gita Mehta will be remembered for her coverage of Bangladesh's 1971 liberation war for NBC and her acclaimed documentary “Dateline Bangladesh".

Narendra Modi on Sunday turned 73 therefore the BJP party leaders and workers have planned celebrations at various places. Prime Minister Modi on his 73rd birthday will inaugurate the first phase of the India International Convention Centre (IICC), known as ‘Yashobhoomi’ in Dwarka, New Delhi.

Manik Saha met Prime Minister Narendra Modi in New Delhi on Saturday. The Chief Minister apprised the Prime Minister of various on-going development works and future plans in Tripura as well as discussed other important issues including international flight connectivity with Bangladesh, Agartala-Akhaura rail link project, commencement of services through Bharat-Bangla Maitri Setu and Highway infrastructure. The Chief Minister greeted the Prime Minister for successfully holding the G20 Presidency and took his guidance for overall development of the state. Saha also conveyed birthday greetings to the Prime Minister in advance.

Standard Chartered Bank has inaugurated its private banking centre in the city, the over-century-old bank said on Saturday. This Private Banking Centre is the fifth after Bengaluru, New Delhi, Kolkata, and Mumbai. Aimed at serving high net worth and ultra-high net worth clients, the Private Banking Centre offers products, advisory, and insights to manage, grow, and protect personal and business wealth. «Being one of the oldest global banks in India, we have relationships across multi-generations and therefore we can focus both on a traditional approach while offering bespoke, objective, and holistic advice supported by an open architecture platform,» said the Bank's Managing Director and Head Affluent, Private Bank and Branch Network, Nitin Chengappa. «We are excited to open our new private banking centre in Chennai.

Narendra Modi, on his seventy third birthday on 17 September at 11am, 2023 will dedicate to India the Phase 1 of India International Convention and Expo Centre, also called ‘Yashobhoomi’, at Dwarka, New Delhi. The Yashobhoom is touted to become one of the world's largest MICE (Meetings, Incentives, Conferences, and Exhibitions) facility.

G20 summit in Delhi was a “Chandrayaan landing moment” for the Indian Foreign Service as New Delhi converted a diplomatic event into “a people’s movement,” said Muktesh Pardeshi, Special Secretary in charge of summit operations, and eminent diplomats who participated in a post-summit conference. “India converted a diplomatic event into a people’s movement. It was a Chandrayaan landing moment for the foreign service,” said Pardeshi at a panel discussion on key outcomes of the September 9-10 G20 summit in New Delhi. “G20 has touched the hearts of people — that’s the real success of our Presidency,” said Mr Pardeshi, who played a pivotal role in organising around 200 preparatory meetings in the run-up to the New Delhi summit. “The transformative journey, exemplified by the G20 presidency, transcended the confines of a diplomatic event.

International Trade Law (UNCITRAL) South Asia conference from 14 to 16 September. The conference was organised jointly by the Ministry of External Affairs, UNCITRAL and the organisation’s national coordination committee for India. Minister of state for external affairs Rajkumar Ranjan Singh, chief justice of India DY Chandrachud and Attorney General R Venkataramani were present at the event.

Piyush Goyal said on Friday.

Vande Bharat sleeper train as early as March next year, with the Integral Coach Factory aiming for a 2024 rollout. «Sleeper coach of Vande Bharat will be rolled out in the current financial year where the first train is under production and will be rolled out in March 2024,» BG Mallya, the General Manager of ICF, said. In addition to the sleeper train, the ICF is also building a new class of the affordable train, called the Vande Metro. According to officials, the Vande Metro is a 12-coach train that will be used for short-distance travel.

iPhone 15 series, Watch Series 9 and AirPods Pro (2nd-Gen) are now live in India and the devices will arrive in the country from September 22 along with other global markets. For the first time, the 'Make in India' iPhone 15 will be available from the day of the global sales (September 22). The new devices will be available on Apple India Online Store, its own-branded retail stores in Mumbai and New Delhi, as well as other authorised Apple retailers. Available in 6.1-inch and 6.7-inch display sizes, iPhone 15 and iPhone 15 Plus are available in pink, yellow, green, blue, and black finishes in 128GB, 256GB, and 512GB storage capacities, starting at Rs 79,900 and Rs 89,900, respectively. iPhone 15 Pro and iPhone 15 Pro Max, in 6.1-inch and 6.7-inch display sizes, are available in black titanium, white titanium, blue titanium, and natural titanium finishes. iPhone 15 Pro starts at Rs 134,900 and is available in 128GB, 256GB, 512GB, and 1TB storage capacities. iPhone 15 Pro Max starts at Rs 159,900 and is available in 256GB, 512GB, and 1TB storage capacities. There are attractive EMI options and trade-in offers (from Rs 2,000-Rs 67,800 credit towards your new iPhone). Apple Watch Series 9 is now available for pre-order in 41mm and 45mm sizes in starlight, midnight, silver, (PRODUCT)RED, and a new pink aluminum case, as well as stainless steel in gold, silver, and graphite cases. Apple Watch Series 9 starts at Rs 41,900 and Apple Watch SE starts at Rs 29,900. All Apple Watch Series 9 cases are swimproof and dustproof, and have crack-resistant front crystals. Apple Watch Ultra 2 is priced at Rs 89,900, also available from September 22. AirPods Pro (2nd generation) with MagSafe Charging Case (USB‐C) are now available for