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DeepSeek. As DeepSeek’s innovative approach disrupts the AI market and garners praise from even OpenAI’s CEO, Sam Altman, netizens debate about India’s readiness to claim a significant position in this rapidly evolving sector. While India has made strides in technology, many believe structural issues in education, funding, and risk-taking hold the country back from developing groundbreaking AI systems.

Subscribe to enjoy similar stories. Days three and four of Davos were filled with more panel discussions, sessions, and conversations. In addition to Ukraine President Zelenskyy walking the Davos corridors, Day 3 was packed with several high-profile country representatives addressing the audience, including Malaysian Prime Minister M.

India's defence spending for the financial year 2025-26 is expected to stabilise around 1.9 to 2 per cent of GDP, consistent with recent years. While this offers financial stability, it may not be enough to counter escalating external threats. At the 21st Subroto Mukerjee Seminar, Defence Secretary Rajesh Kumar Singh highlighted the importance of prioritising resource allocation rather than increasing funds, noting that the current budget already stretches the absorptive capacity of domestic industries.

The slab rate system of taxation has been a cornerstone of India’s tax framework since its inception. 

Subscribe to enjoy similar stories. The taxation framework in India primarily focuses on individuals whose income is being assessed on an individual basis. Income earned from jointly owned property is taxed proportionately among co-owners based on their share in the ownership.

India-US strategic relationship with a solid docket of achievements — ‘from the seabed to the stars, and beyond’, to quote the White House’s lyrical drafters. There’s much to celebrate and much to anticipate as Donald Trump takes office on Monday.

Subscribe to enjoy similar stories. Reports suggest that the Securities and Exchange Board of India will soon ease the way for foreign portfolio investors (FPIs) that intend to invest only in government securities. While these bonds saw inflows of about $14.5 billion via the “fully accessible route" in 2024, aided partly by their inclusion in the JP Morgan Emerging Market Index, more FPI money would have come in had US sovereign bond yields not surged after Donald Trump’s election win.

Subscribe to enjoy similar stories. The government has cleared a revamped crop insurance scheme and additional funds to deploy new technology like remote sensing and automatic weather stations. This is expected to improve transparency and claim settlement.

Priced at half that of their imported counterparts, the Indian toy doesn’t just match but “rivals the foreign brands feature-for-feature”, exclaim the Shettys. The kids, who got to add to their treasure trove of mostly imported dart blasters, are happy too. That is the sweet spot that India’s reviving toy industry has captured, and in a rather quick time too. In just four years, India has cut toy imports from China, a nation that has long dominated the global market, by an impressive 80%. A mix of high tariffs and stringent quality checks helped. Between FY20 and FY24, India sharply increased customs duty — from 20% to 70%. It also enforced the Quality Control Order (QCO), a regulation mandating stringent safety standards for all toys, whether domestically produced or imported. Result: In FY20, India had imported Chinese toys worth $235 million, a figure that plunged to just $41 million by FY24. It has also evolved into a net exporter of toys.

Subscribe to enjoy similar stories. If technology is the new oil, who should steer the oil-tankers? Can India afford to drift without an artificial intelligence (AI) captain in the age of AI? Incoming US President Donald Trump has announced the appointment of former Paypal executive David Sacks as a “crypto and AI czar" to guide policy. The message is clear: governing AI and generating commercial value from AI innovations is an urgent need for global supremacy.

Other than the need to import gold and oil, the heart of our trade deficit stems from imbalanced trade with Asian economies. Of these, the biggest is our trade deficit with China, at over $83 bn a year. Our industrial machine can’t compete with the Chinese one as they sell to us 6× what we sell to them. Is this all a result of free trade? Not quite. What really exists are state-backed national manufacturing systems that compete for the best industries in the world economy. And that is where China, along with other East Asian nations, has had tremendous success.

Subscribe to enjoy similar stories. Chennai: It was early June 2021. Businesses were reopening after the deadly covid-19 pandemic’s second wave.

India now finds itself in a difficult situation to qualify for the World Test Championship final for the 2023-25 cycle after the 0-3 whitewash at home against New Zealand. This loss marks India's first home Test series defeat since 2012. New Zealand created multiple records with the series win. This Test series win is the first for New Zealand in India since their tours began in 1955-56. Kiwis also became the only team to secure a 3-0 series win in India. Before the New Zealand series, India led the WTC standings with a percentage (PCT) of 68.06. However, after losing the first two matches, India's PCT dropped to 62.82, while Australia follows closely at 62.50 and Sri Lanka at 55.56.

Subscribe to enjoy similar stories. Generative artificial intelligence (GenAI) has introduced enticing possibilities globally. This topic has overwhelmed global parleys since ChatGPT was introduced about two years ago.

However, Australia’s recent “right to disconnect” policy now offers a concrete legal cover to employees: after work hours, they can refuse any demand related to work from their boss. While the benefits and challenges of this policy are still being speculated, it is a great step to increase employee retention. Given the rising cases of work-related burnouts in India, it’s important to understand the potential benefits and challenges associated with this policy in the Indian context. Benefits for organisations

India is curiously defying a common law of economics. When foreign investors cool toward an emerging economy’s stock market, share prices usually fall. Not so in the world’s fifth-largest economy.

gender-based violence persists across sectors—civic life, business, entertainment, and politics. Legislative attempts to curb sexual violence have been made. The Criminal Law (Amendment) Act of 2013, passed after the 2012 Delhi rape case, aimed to tighten laws against sexual violence.

Paris for the 2024 Paralympic Games is how will the city get ready to welcome close to 300,000 people with special abilities who will be here to watch 4,400 athletes contesting across 23 disciplines spread over the next two weeks. Paris, unlike many other European cities, isn’t really friendly to the specially abled. To give a basic example, most metro stations still don’t have elevators, and some don’t have ramps and even toilets for the specially abled. Some of the venues—like the one used for beach volleyball, right in front of the Eiffel Tower—wasn’t meant for the specially abled during the Olympics that ended on August 11. However, its transformation has been amazing. The venue, which will now host blind football, looks completely different, having gone through a makeover. Adding to the comfort of the paraathletes, there are a lot more volunteers at the metro stations and ramps have come up at certain places.

Nacer Zorgani has had a busy summer. In July at the Paris Games, his captivating baritone voice gained him fans as the announcer at the Olympic boxing. Now, the 38-year-old is preparing to make his mark as a fiercely dedicated Para-judo competitor, training tirelessly for the Paralympic Games that start Wednesday. Zorgani will compete on Sept. 7 in the men's 90-kilogram, J2 classification for visually impaired athletes

Can India achieve the government's target of achieving $10 trillion GDP by 2030? Given that we are yet to hit $4 trillion, only $8 trillion is plausible by 2030, says Nilesh Shah, MD, Kotak AMC, in a post-Budget interaction with Mint. He believes finance minister Nirmala Sitharaman achieved the trinity of impossible of fiscal consolidation, investment and job creation. It should lead to the country's credit upgrade, he says. Shah adds that hiking the security transaction tax (STT) on futures and options (F&Os) is a step in the right direction. Edited excerpts: