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covid-19 pandemic since March 2020," said an official statement. The IIP growth was below projections made by economists at Bank of Baroda, who pegged it at 5.5% for June. Manufacturing growth, at 3.1%, brought down the overall growth rate after 14 of the 23 sectors in manufacturing registered negative growth, said Madan Sabnavis, chief economist at Bank of Baroda.

₹13,000 crore ($1.6 billion), news agency Reuters quoted a top trade official on 11 August as saying. As per details, the government pays local manufacturers -- under the $24 billion scheme -- when targets such as sales are met, aiming to boost investment in manufacturing.

₹13,000 crore in FY24 to firms that are seeking benefits under the production linked incentive (PLI) schemes, secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said at a press briefing in Delhi on Friday. The government disbursed ₹2,900 crore till March 2023 out of ₹3,400 crore claims received under the scheme. Singh also indicated that consultation is also under process to make changes in the schemes that are not performing as expected.

New Delhi: India’s factory output growth slowed down to 3.7% in June from a 5.2% rise seen in May, and a 4.5% increase in April, due to weaker manufacturing growth, official data released on Friday showed. Index of Industrial Production (IIP), or the factory output growth, stood at 12.6% in June 2022, mainly due to a lower base effect. “The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of covid-19 pandemic since March 2020," said an official statement.

Bank of Canada, the country’s de-facto central bank, came up with a recent report that sheds light on the reluctance of the country’s citizens to readily adopt a central bank digital currency (CBDC).

rape of minor may be given the maximum punishment of death sentence. These punishments are part of the three bills introduced by Union Home Minister Amit Shah in Lok Sabha on Friday. The crime of murder will invite death sentence or life imprisonment while those involved in rape shall be punished with minimum 10 years of jail or imprisonment for life and gang rape will invite at least 20 years of imprisonment or imprisonment for the remainder of that person's natural life. According to the bills, if a woman dies after the rape or it causes the woman to be in a persistent vegetative state, the convict shall be punished with rigorous imprisonment for a term which shall not be less than 20 years, but which may extend to imprisonment for life, which shall mean imprisonment for the remainder of that person's natural life, or with death. Whoever commits rape on a girl under 12 years of age shall be punished with rigorous imprisonment for a term which shall not be less than 20 years, but which may extend to imprisonment for life, which shall mean imprisonment for the remainder of that person's natural life, and with fine or with death. The bills introduced in Lok Sabha are Bharatiya Nyaya Sanhita (BNS) Bill, 2023; Bharatiya Nagarik Suraksha Sanhita (BNSS) Bill, 2023; and Bharatiya Sakshya (BS) Bill, 2023 that will replace the Indian Penal Code, 1860, Criminal Procedure Act, 1898, and the Indian Evidence Act, 1872 respectively.

Bharatiya Nagarik Suraksha Sanhita which will replace the Criminal Code of Civil Procedure (CrPC) contains 533 sections and proposes changes to 107 provisions, introduces 9 new provisions, and repeals 9 provisions of the CrPC. "The Government with the mantra, "Sabka Saath, Sabka Vikas, Sabka Vishwas and Saba Prayas" is committed to ensure speedy justice to all citizens in conformity with these constitutional democratic aspirations. The Government is committed to making a comprehensive review of the framework of criminal laws to provide accessible and speedy justice to all," the statement of object and reason mentioned.

Article 377, criminalising of indigenous communities, and the Unlawful Activities (Prevention) Act (UAPA), several bills and laws, and Supreme Court verdicts later, changes have been enforced. The latest in this list are three bills that the Bharatiya Nyaya Sanhita, 2023, the Bharatiya Nagarik Suraksha Sanhita, 2023, and the Bharatiya Sakshya Bill, 2023 that have been introduced by Amit Shah in Lok Sabha. Among them was the much debated- Sedition Act.

PLI scheme for certain sectors, the disbursement under the same is expected to touch Rs 13,000 crore this year, Department for promotion of Industry and Internal Trade (DPIIT) secretary Rajesh Kumar Singh said on August 11. It may be noted here that till March 2023, the government disbursed just Rs 2,900 crore out of Rs 3,400 crore claims received under the scheme.

Many people are looking for ways to help the response to the deadly wildfires that swept through the Hawaiian island of Maui even as emergency operations continue on Thursday

Minerals containing rare earth elements have become some of the most prized resources globally as countries rush to develop semiconductor industries and transition to clean energy. The Indian government, too, is looking to increase domestic production of rare earth elements. Here’s a look at the state of the country’s rare earth reserves.

By Chen Lin

lunar landing craft blasted off Friday on Russia's first moon mission in nearly 50 years, racing to land on Earth's satellite ahead of an Indian spacecraft. The launch from Russia's Vostochny spaceport in the Far East of the Luna-25 craft to the moon is Russia's first since 1976 when it was part of the Soviet Union. The Russian lunar lander is expected to reach the moon on Aug.

Nasscom has requested the government to put in abeyance and review its decision to impose licensing requirements for the import of laptops, all-in-one-personal computers and certain other electronic equipment as it will hit the $245 billion Indian IT sector severely. Nasscom has written to the government on this and is in discussion with the industry to “understand in greater detail the challenges that are being anticipated” so that those could be shared with the government, Nasscom vice president and head of public policy Ashish Aggarwal said.

Apple, HP, Lenovo, Asus and Xiaomi are looking to ship in as many laptops and tablets as possible to the country before import restrictions kick in on November 1, multiple industry executives and analysts said. These firms will increase imports by up to 50% more than what they had initially planned till October end to ensure there is enough pipeline stock for 4-6 months when the new licensing regime for imports of laptops, tablets, and personal computers begins, they said.

NEW DELHI: : India and Taiwan are working on a migration and mobility agreement for greater collaboration and movement of skilled professionals between their technology industries, a person aware of the matter said. An agreement may also cover sectors like agriculture and manufacturing. Taiwan’s skills in semiconductor manufacturing and advanced technologies could fit well with India’s large pool of technology talent.

₹41,000 crore was earmarked for the sector over five years. At least 32 applicants were approved and local manufacturing continued its upward trajectory. A revised version of the programme is aimed at reprising that for computers.

These tiny yet powerful devices have redefined the way we carry and share data, offering lightning-fast speed and generous storage capacities. Whether you are a student, a professional, or simply someone who values convenience, the SanDisk pendrives are designed to meet your needs. These pendrives offer a seamless experience for transferring and safeguarding your digital treasures. Join us as we explore the best SanDisk pendrives in the market that offer robust build quality, and versatile storage capacities, making them the go-to choice for anyone seeking reliable data storage solutions.

It took one parabolic move to achieve in a day what seemed impossible in over half a year of natural gas trading: The return to $3 pricing.

Ajay Vora, Head-Equities, Nuvama Asset Management, says last quarter, we have seen a NIM compression across most banks and that has been a little more than what the market was expecting. Now the view is getting established that the rates are unlikely to come down in the near term. In fact, they will go a bit higher and put more pressure on the NIMs.

Dieselgate" emissions-cheating scandal of 2015, would take another hit. In a paper published last year, Rüdiger Bachmann of the University of Notre Dame and others calculated that because the company was found fiddling with emissions readings, sales of other German brands in America fell by 166,000 cars, costing them $7.7bn in forgone revenues, or nearly a quarter of their total in 2014. If Germany’s car industry were to evaporate, in other words, this would “leave a huge economic crater in the midst of Europe", says Mr Schroeder of WZB.