India’s Comptroller and Auditor General, Girish Chandra Murmu, emphasized that India cannot become a developed nation by 2047 without focusing on rural development and decentralization of power. He stressed the importance of strengthening local bodies and ensuring proper accounting and…
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Income tax refund: The Ministry of Finance has almost doubled the tax refund limit for accepting or rejecting condonation of delay requests. Ramakrishnan Srinivasan, former chief commissioner of Income Tax said, “In my experience as PCIT Chennai and at Kochi…
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Lawrence H Summers highlights the transformative potential of AI, describing it as a self-improving technology set to dominate future economic growth. He also commends India’s economic progress and its increasing global influence, pointing out the benefits of reducing excessive regulation…
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Twelve new smart cities in India will be developed as dedicated industrial hubs focusing on sectors like electric vehicles, pharmaceuticals, and food processing. These cities, spanning across 10 states, will feature advanced infrastructure and aim to create substantial job opportunities…
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The government has reconstituted the Reserve Bank’s Monetary Policy Committee by appointing economists Ram Singh, Saugata Bhattacharya, and Nagesh Kumar. They replace outgoing members with terms ending this week. The revamped committee will convene on October 7-9 to review monetary…
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The Indian mid-market businesses are prioritising the implementation of generative artificial intelligence (Gen AI) at a moderate or strong priority at 96%, ahead of the rest of the world at 91%, says Rajeev Singh, Vice President & Head of Mid-Markets,…
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