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SEZ Rules, 2006. As per the Special Economic Zones (Fifth amendment) Rules, 2023, the Board of Approval, on request of a developer of an information technology (IT) or IT-enabled services SEZs, may permit demarcation of part of the built-up area of the SEZ as non-processing area. This non-processing area can be utilised to set up operations of businesses engaged in the IT and ITeS. However, the non-processing area will consist of a complete floor and part of a floor will not be allowed to be demarcated, said a memorandum issued by the Department of Commerce late Wednesday. Board of Approval will allow demarcation only after repayment, without interest, of tax benefits attributable to the non-processing area, social and commercial infrastructure created to be used by both processing and the proposed demarcated area. The move is expected to allow developers to lease the non-processing area to IT companies not involved in export activity and reduce the vacancy levels at their office complexes. “Most of these IT SEZs are at prime locations and these complexes will achieve full leasing once the new changes kick in.

Russian lawmakers on Thursday set the date of the country's 2024 presidential election for March 17, moving Vladimir Putin a step closer to a fifth term in office. Members of the Federation Council, Russia's upper house of parliament, voted unanimously to approve a decree setting the date. «In essence, this decision marks the start of the election campaign,» said Valentina Matviyenko, speaker of the Federation Council. Russia's central election commission is to hold a meeting on the presidential campaign on Friday.

One of Washington’s biggest China critics traveled to New York in mid-September to meet with some of Wall Street’s best-known financiers. His mission was to persuade them to stop investing in China. Wisconsin Republican Mike Gallagher, who chairs a House committee on China, was surprised to find they didn’t need much coaxing.

life insurance plan stands as a beacon of hope, providing financial security and peace of mind to individuals and their families. According to the Indian Council of Medical Research-National Cancer Registry Programme (ICMR-NCRP) in March 2023, the number of cancer cases in the country is projected to increase from 14.6 lakh in 2022 to 15.7 lakh in 2025. This revelation underscores the growing prevalence of a disease that brings not just physical challenges but immense emotional and financial burdens.

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Stock market today: Sugar stocks are under pressure since early morning deals on Thursday. During opening bell today in Indian stock market today, sugar major Balrampur Chini share price witnessed near 6 per cent declie, Dwarikesh Sugar share price went down 4.50 per cent, Sakthi Sugars shares dipped around 4 per cent, Mawana Sugar stock price dashed ariound 3 per cent while Ugar Sugar crashed to the tune of 6 per cent. Shares of Bajaj Hindusthan Sugar Ltd and Avadh Sugar & Energy Ltd crashed over 6 per cent during morning session on Thursday.

India's first significant defence export. The missile is the first such armament developed jointly by India and Russia. These missiles are manufactured by Brahmos Aerospace in India.

The leaders of China and the European Union are holding wide-ranging talks that include their disputes over trade and a deep divide on the war in Ukraine

House Republicans have approved a bill to block strict new tailpipe pollution limits proposed by the Biden administration, calling the plan a back-door mandate for electric vehicles

The heads of state from South America’s Mercosur trade bloc are in Rio de Janeiro for a meeting that is expected to disappoint members hoping to finalize a deal with the European Union

Ram Mandir is set to witness a grand consecration ceremony on January 22, 2024. Shri Ram Janmabhoomi Teerth Kshetra Trust will organise the event at the Ram temple. It is expected to draw a crowd of 7,000 people.

Pashupati Advani, Founder, Global Foray, says “the question is whether our IT is able to actually pivot and take advantage of that. I think in some cases, they will take some advantage which is why it is not going to fall off a cliff. But I think that the business models are becoming more difficult and a lot of jobs are going back to the countries where the work is getting done just as a way of protectionism which seems to be happening all over the world. ” How do you see this MPC meet? Do you expect it to be a big event? What are your expectations from the MPC meeting? The world wants to keep rates where they are and start pulling them down. We do not have an indication of that yet. But I think this MPC meeting will just basically say nothing. I think they are not really going to change rates this time, that is my humble assumption.

Mihir Vora, CIO, Trust MF, says India’s “oil sensitivity to the GDP has reduced because services exports have boomed. It used to be $100 billion, now we are $240 billion. So, we are far bigger in terms of services exports which is reducing the volatility of oil. Yes, there is a current account deficit, but it is much less volatile than what it used to be. So, our external vulnerability to oil has reduced significantly so that is one. And second, again as we all know, compared to 10 years ago, look at the domestic flows.” We are assuming that FIIs will come back. That is a big assumption. Yes.

Rana Gupta, MD, Manulife Investment Management, says what the Indian government did with Make in India, is in the case where the Indian government is the buyer, whether it is power, railways and all this equipment, they made a local content mandatory. That means the import substitution has to happen. You cannot just import and sell, that was the first phase, that has already happened and happening. The second phase is where we are moving on to now is basically technology absorption. In the second leg that we are going to see investing and deepening valuation within India. First, the import substitution gave the volume. Now that is giving these companies confidence to do value addition, leading to exports. I 2024, global growth is going to slow a bit. But if you take a three-year view, the export story is pretty much alive.” I was just speaking with the head of JCB India head. He was just telling me that we are already the third largest construction equipment market in the world and will move to second largest in the next five-seven years. He also said we have a 20% growth visibility on exports. TRIL, KEI, Apar are saying that there is a major manufacturing capex happening in Europe and the US and India will be the country to feed into that. Are you also convinced on this argument? We have been convinced on this argument for some time.

Ukraine. While the G-7 and its European allies have been trying to find additional ways to squeeze Russia’s economy to constrain its ability to fund its war in Ukraine, diamonds have remained a stumbling block. Earlier attempts to sanction Russian gems in Europe had met resistance from leading importer nations like Belgium, which had argued that a simple ban would just shift the lucrative gem trade elsewhere.

COP28 is approaching the end of the first week and the kings, presidents and prime ministers have flown off. Now, hundreds of seasoned climate diplomats must get down to the tough job of negotiating a text that everyone can agree on. Adnan Amin, who as chief executive officer of COP28 is one of Sultan Al-Jaber’s most senior lieutenants, said in an interview there are several areas that are likely to test negotiators over the rest of the summit. The tussle over whether the final agreement should commit to a “phase down” or “phase out” fossil fuels is prominent as always and different formulations are currently being shopped.

Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed further cooperation on oil prices on Wednesday, December 6, as members of OPEC+, a Kremlin spokesperson was quoted as saying. A Saudi account of the meeting said the crown prince praised joint coordination between the two countries "that helped remove tensions in the Middle East".

Narendra Modi is scheduled to address the second edition of the prominent Financial Technology event, Infinity Forum 2.0, on December 9, 2023, according to an official release. As per the statement, the event is hosted by the International Financial Services Centres Authority (IFSCA) and GIFT City, under the aegis of the Government of India.

a balance between anthropogenic emissions…and removals". Residual, “hard to abate" emissions of greenhouse gases were to be balanced by the withdrawal of carbon dioxide already in the atmosphere. The project at Fujairah aims to show one of the ways in which what went up can come down, and the way of the world be righted.

What do girls want? Not girls whose families have access to newspapers like this, but average Indians. Most of the 1.4 billion. From high mountains to the coasts, from desert dunes to the riverine islands, from jungles to the dusty fertile smoky plains, and in the slums of metropolises and gali-koochas of the kasbas.

artificial intelligence (AI) looked set for a dramatic climax on Wednesday, as lawmakers enter what some hope will be the final round of discussions on the landmark legislation. What is decided could become the blueprint for other governments as countries seek to craft rules for their own AI industry.