Bangladesh saw growth of almost 31 percent in its exports, touching $4 billion in November while remittances fell by almost 25 percent—1.55 billion, down by almost $52 million—in comparison to the same period last year
Sovereign AI: Why It Must Become a Strategic National Priority for India
For a Viksit Bharat, data, computation and intelligence will become strategic resources. Protecting them is not protectionism; it is prudent nation-building. India should remain globally connected, internationally collaborative and technologically ambitious but sovereign enough to protect its citizens, institutions and national interests.
AI: The Race Without a Finish Line
The real significance of AI, therefore, may not be about who is the first to cross some hypothetical finish line called AGI. It may be about who is able to diffuse AI most rapidly through the real economy, into factories, services, logistics, research and everyday business
AI Evolution and Consequences: Is Mankind Playing With Fire?
But a plausible scenario about fear of AI could result when a rogue human coder may put in a malicious code (out of mischief ) in this far-from-equilibrium AI system and start a chain of events which may destroy the system.
ISRO! Don’t Privatise Yesterday’s Rockets: Build Tomorrow’s With Industry
The purpose of privatisation, therefore, should not be to find a private buyer for every government-developed rocket. It should be to create an industry capable of designing, manufacturing, operating and eventually improving India's future launch vehicles.
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Samsung starts producing mobile phones in Pakistan
Samsung, the South Korean electronics and white goods major, has started production in Pakistan, lifting hopes of the authorities and the industry that this would cut down the import bill of the country in the months to come, local media said
Pakistan imports hit $8.01 billion in November; records all-time high trade deficit $5.1 billion
Pakistans recorded a whopping $5.1 billion trade deficit in November—the highest for a single month—as imports continued their surge, touching around $8 billion, an increase of about 94 percent in comparison to the same month last year
Sri Lanka in talks with Elon Musk’s SpaceX over internet service
Sri Lanka is in talks with US billionaire Elon Musk’s rocket company SpaceX over its satellite internet division Starlink, the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) announced
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A California-based digital transformation solutions company has announced the expansion of the workforce at its Bengaluru center to over 6000 employees
Under Taliban, Afghan economy has all but collapsed, thousands of businesses shut down; middle class has vanished
In August this year, the Taliban seized power in Afghanistan, ignoring the warning from the international community against the forceful seizure of power
Parag Agarwal joins array of Indian-origin tech leaders in the US corporate world
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Indian IT major HCL opens new office for 4000 employees in Colombo
Indian IT major HCL Technologies (HCL) opened a grand new office in the Sri Lankan capital at the state-of-the-art Cinnamon Life complex
Boost for Indian exports: US dropping punitive tariff after deal on digital services tax
With the two countries reaching an "overall political agreement", the US has decided to drop the proposed 25 per cent additional duties on more than 25 Indian exports ranging from shrimps and basmati rice to gold jewellery and furniture following a settlement of the dispute over the Digital Services Tax (DST) imposed by New Delhi on some giant American companies
Record sale of bikes in Pakistan as rural areas thriving, claims minister, blaming inflation, not poverty, for citizens' affordability problems
Pakistan's rural areas are "thriving" due to bumper crops leading to "record sales of motorcycles", said Shaukat Tarin, Advisor to Prime Minister on Finance and Revenue, citing World Bank's latest data showing a drop in Pakistan's poverty level by 1 per cent
Pakistan, Russia to close deal on Pakistan Stream Gas Pipeline
Islamabad and Moscow have agreed on a draft of the shareholders' agreement for construction of the Pakistan Stream Gas Pipeline project and are set to sign the accord by February 15, 2022, the Pakistani Embassy in Moscow said on Friday
Ballooning trade deficit forced government to approach IMF, says Pakistan PM
The ballooning trade deficit has compelled the government to go to the International Monetary Fund (IMF), Pakistan Prime Minister Imran Khan said, days after the IMF and the government reached a staff-level understanding for the revival of the $6 billion bailout package
India extends additional $15 mn grant for Greater Male Connectivity Project
India has extended an additional US$15 million for the construction of the Thila-Male Bridge, a 6.74 km-long bridge and causeway link between Male and nearby islands of Villingli, Gulhifalhu and Thilafushi
Tata Steel executes inaugural blockchain-enabled trade between India and Bangladesh
Tata Steel has executed a blockchain-enabled paperless export order with a metals major in Bangladesh
India, US to integrate economies, sort out trade irritants
India and the United States on Tuesday outlined a roadmap for integrating the two economies across sectors and move towards an ambitious future for trade relations
