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The future of AI may be small, cheap and unprofitable: Joachim KlementA groundbreaking study indicates that lightweight AI models installed on everyday home computers are on the verge of surpassing the robust ...- Power storage VGF of Rs 15,000 crore in worksIndia is planning a significant boost for energy storage. A new viability gap funding scheme is in the works for 112 gigawatt-hour projects...
- Parliamentary Panels flag ministries’ budget gaps: Funds cut at RE stage, still unspentParliamentary committees have flagged a consistent trend of central ministries failing to spend allocated budgets, leading to significant f...
- West Asia turmoil: L&T backs government to back capex, flags need for deficit headroomLarsen & Toubro advises the Indian government to maintain capital expenditure, even if it means a wider fiscal deficit. The company suggest...
- Highlight of interim budget is emphasis on capex: FM Sitharaman in Rajya SabhaFinance Minister Nirmala Sitharaman emphasized the significance of capital expenditure and maintaining economic growth momentum as the key ...
- View: Budget gets bigger picture right on walking the fiscal tightropeThe biggest positive in the interim budget was the fiscal discipline displayed by capping the fiscal deficit for 2024-25 at 5.1%. The fact ...
- Centre won't trim its Capex plan despite inflation running hotIn a surprise move, the Reserve Bank of India (RBI) had earlier this month raised the repo rate by 0.4 percentage point to 4.4% to tame run...
- India's GDP expected to grow 7.8% in FY23: Crisil Report"Risks to India's economic outlook are still skewed towards the downside," it said, estimating the growth to slow to 7.8 per cent in FY23 f...
- States may have to cut FY21 capital spending by Rs 3.4 lakh crore: ICRAThe additional borrowing options would push state fiscal deficits to 4.25-5.52% of gross state domestic product (GSDP).
- Kerala finance minister presents budget with 15 % higher expenditureThe state was able to collect GST revenue of Rs 15030 crore till December 2019, in the place of Rs 28416 crore applying 14% growth rate tak...
- State finances to be hit on account of scrapping high value currency notesIcra expects that the slowdown in the receipts of State Governments amidst sticky expenditures could result in cash flow mismatches.
- ONGC to trim expenses as oil prices slumpState-owned ONGC will cut down expense on travel, advertisements and sponsorships as well as 5-star meetings as it initiates cost controls.
- Centre's welfare plans may strain finances of states: RBI StudyStates could bear the brunt of Centre’s policies such as National Food Security Act, a Reserve Bank of India study on the finances of state...
- We maintain Baa3 rating on India post budget: Atsi Sheth, Moody'sThe budget quite realistic and so it is in keeping with the stable outlook on the Baa3 rating on India, says Atsi Sheth, Moody's.
- Budget was in line with expectations: Atsi Sheth, Moody’sIn an interview with ET Now, Atsi Sheth, VP-Sovereign Risk Group, Moody’s, talks about the Union Budget 2013 and what can be expected in th...
- Armed forces' modernisation not to be hit by budget cut: GovernmentThe modernisation plan of the armed forces will not be affected by the reduction in the defence budget in the current year: Government.
- RBI wants government to provide investment stimulus, cut subsidiesRBI today asked the government to provide investment stimulus and take aggressive steps, like increasing petroleum prices, to curtail subsi...
- Some states may miss fiscal target in FY'12: ICRA"A few state governments may find it difficult to meet the fiscal targets set by the 13th Finance Commission in 2011-12," ICRA said.
- Maharashtra to enact tough laws to get out of the fiscal messWith bankruptcy looming large and debt touching Rs 83,000 crore, the Maharashtra government is trying to bring in an act to restore the fis...
- Indefinite carry forward of losses likely to be allowedThe government is likely to accept the Kelkar committee recommendation with respect to indefinite carry-over of business losses. This will ...
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