Indian IT services firm Mphasis has signed a multi-year global strategic collaboration agreement with Amazon Web Services to establish the GenAI Foundry.
The foundry will empower financial institutions and help maximise the impact of the technology. The foundry will initially serve the financial services industry, with plans to expand across other sectors.
The Reserve Bank of India (RBI) proposed to make Central Bank Digital Currency-Retail (CBDC-R) accessible to a broader population by allowing non-bank payment system operators to offer CBDC wallets.
Non-bank payment system operators include third-party payment applications like PhonePe, Google Pay, etc.
The RBI launched the CBDC pilot programme in 2022. The Indian CBDC, also known as digital rupee, is a tokenised digital version of the rupee issued by the RBI.
The main objective is to mitigate the risks and trim costs in handling physical currency, costs of phasing out soiled notes, transportation, insurance and logistics.
India has removed export curbs on specified quantities of certain commodities like eggs, potatoes, onions, rice, wheat flour, sugar, and dal for Maldives in the current fiscal year. The Directorate General of Foreign Trade (DGFT), in a notification, said these exports have been permitted to Maldives under the bilateral trade agreement between countries during 2024-25.
Maldives is an island and atoll in the Indian Ocean. Maldives capital city is Male.
Engineers India Limited (EIL) has been conferred with the prestigious CIDC Vishwakarma Award by the Construction Industry Development Council (CIDC) in the category of “Construction Health, Safety & Environment” for Rajasthan Refinery Project, Barmer.
The awards were presented during the 15th CIDC Vishwakarma Awards ceremony held in New Delhi on April 4, 2024.
While announcing the bi- monthly monetary policy, the Reserve Bank of India has said, the Consumer Price Index inflation for 2024- 25 is projected at 4.5 per cent.
The real GDP growth for 2024-25 is projected at 7.0 percent with Quarter 1 at 7.1 percent; Quarter 2 at 6.9 percent; Quarter 3 at 7.0 percent; and Quarter 4 also at 7.0 percent.
Consumer Price Index (CPI) is one of the price indices used to measure the change in the retail prices of goods and services consumed by a defined population group in a given area.
The National Statistical Office (NSO), under the Ministry of Statistics and Programme Implementation compiles CPI separately for rural, urban, and combined sectors on a monthly basis.
As a result of a significant push for domestic manufacturing, India will no longer import urea by the end of 2025, according to the Ministry Chemicals and Fertilisers.
The government is currently working to promote alternative fertilisers including nanoliquid urea and nanoliquid di-ammonium phosphate.
Using different fertilisers improves the health of the soil and crops.
The National Cooperative Dairy Federation of India Ltd. (NCDFI), in its Board elections elected Dr. Meenesh Shah as the Chairman.
NCDFI is a national-level apex dairy cooperative registered on December 7, 1970 and is governed under the provisions of the Multi State Cooperative Societies (Amendment) Act, 2023.
National Dairy Development Board (NDDB) is the institutional member of NCDFI.
Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, is set to host the World Future Energy Summit (WFES) from April 16 to 18 at the Abu Dhabi National Exhibition Centre (ADNEC).
WFES is the world’s leading business event for future energy, clean technology and sustainability, with a packed programme of events, activations,discussions and forum.
The Masdar Pavilion at WFES will serve as a center for innovation, collaboration, and knowledge exchange. It will feature engaging panels and presentations, including forums by Masdar’s initiatives such as Y4S (Youth 4 Sustainability) and WiSER (Women in Sustainability, Environment and Renewable Energy).
The United States and the United Kingdom have recently signed an agreement to work together on developing tests for the most advanced artificial intelligence(AI) models.
Under this agreement, both the countries will share vital information about the capabilities and risks associated with AI models and systems, fundamental technical research on AI safety and security, etc.