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Union Minister Ashwini Vaishnaw | Photo Credit: The HIndu The basic customs duty of 2.5% imposed on certain smartphone components has been scrapped, following a glide path recommended by the electronics manufacturing industry last year. Mobile phones are fast emerging as India’s top export commodity, reaching $15.6 billion last year. Slabs for components had been…
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New Delhi: Intelligence gathering has taken a back seat in the Union Budget 2025-26 as the Centre has reduced the flow of funds of several verticals that deal with intelligence collection and dissemination, including the National Security Council Secretariat (NSCS) – the apex body for all matters concerning internal and external security. According to Notes…
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In her budget speech, Union Finance Minister Nirmala Sitharaman spoke about conserving India’s manuscript heritage, on February 1, 2025. | Photo Credit: ANI The Union Budget 2025-26 announced a special mission for the survey, documentation, and conservation of India’s manuscript heritage. Launched as the ‘Gyan Bharatam Mission’, it intends to cover more than one crore manuscripts….
The budgetary allocations for the Information and Broadcasting Ministry recorded a slight decline from ₹4,626.71 crore to ₹4,358.38 crore this year. While proposed funds for the establishment expenditure of the Ministry are pegged at ₹142.70 crore, some ₹38.27 crore for Art and Culture, and ₹401.53 crore for Information and Publicity have been allocated. The government…
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Horst Köhler, a one-time head of the International Monetary Fund who became a popular German president before stunning the country by resigning abruptly in a flap over comments about the country’s military, has died. He was 81. Köhler, who was head of State from 2004 to 2010, died Saturday morning in Berlin after a short…
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Union Budget 2025 | What’s in it for textile, apparel, footwear and leather sectors? The textile, apparel, footwear and leather sectors got a boost in the Union Budget with the announcement of a Mission on Cotton and a focus product scheme for the footwear and leather sector. Finance Minister Nirmala Sitharaman announced that the focus…
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The conflict in eastern DR Congo risks escalating into a broader regional war, Burundi’s President said on Saturday (February 1, 2025) , as Africa’s top health agency warned the fighting could spark new outbreaks of serious diseases. The Rwanda-backed armed group M23 has vowed to march on the capital Kinshasa after capturing eastern DR Congo’s…
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The strong focus on MSMEs, including provisions for micro-credit cards and increased refinancing limits, will promote growth. | Photo Credit: File Photo The industry bodies in Karnataka have welcomed the Union Budget presented on Saturday and particularly lauded its focus on small industries. The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) commended the…
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Union Budget: What’s in it for aviation? | Video Credit: The Hindu A look at what the Union Budget 2025 had in store for the aviation sector. A modified UDAN scheme will be launched to enhance regional connectivity to 120 new destinations and carry 4 crore passengers in the next 10 years. The scheme will…
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Chhattisgarh Chief Minister Vishnu Deo Sai. File | Photo Credit: PTI Lauding the Union Budget for the upcoming year, Chhattisgarh Chief Minister Vishnu Deo Sai on Saturday (February 1, 2025) called it historic and revolutionary for the upliftment of the middle class and working classes of the society. “This budget presented today is a historic…
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