Total outward Remittances, under the RBI’s Liberalised Remittance Scheme, shot up to an all-time high of USD 19.61 billion in the year ended March 2022 as against USD 12.684 billion in March 2021. Foreign exchange, including the US dollar and euro, taken out of the country by resident Indians has shot up by 54.60% during …

Recently, the International Labour Organization(ILO) has released the Ninth Edition of ILO Monitor on the World of Work Report, which says that after significant gains during the last quarter of 2021, the number of hours worked globally dropped in the first quarter of 2022, to 3.8% below the employment situation before the Covid-19. The fresh lockdowns in …

Recently, the Inter-State Council(ISC) has been reconstituted with the Prime Minister as Chairman and Chief Ministers of all States and six Union Ministers as members. Ten union ministers will be the permanent invitees to the Inter-State Council. The government has also reconstituted the standing committee of the Inter-State Council with Union Home as Chairman. The …

Recently, the Central Public Works Department (CPWD)has started the process to identify 4% of posts of junior engineer (civil and electrical) to be reserved for persons with disabilities (PwD) as mandated by the Rights of Persons with Disabilities Act, 2016(RPwD Act). The Central construction agency wrote to its regional offices to identify 4% of …

Recently, ASSOCHAM (Associated Chambers of Commerce and Industry of India) has organized a conference named Indian Metal Industry: Current Outlook and Future Trends. With the emergence of economies driven by industrialisation at the beginning of the twentieth century, countries with sound metal industries benefited from a first-mover advantage. Metals have been one of the core …

The adoption of Artificial Intelligence (AI) chips have risen in recent times with chipmakers designing different types of these chips to power AI applications. AI chips are built with specific architecture and have integrated AI acceleration to support deep learning-based applications. Deep learning, more commonly known as Active Neural Network (ANN) or Deep Neural Network (DNN), …

Recently, India’s Prime Minister participated in an event in Tokyo to launch the Indo-Pacific Economic Framework (IPEF). This economic initiative came a day before the second in-person summit of the Quad leaders (India, the US, Australia and Japan) in Tokyo. It is the grouping of four democracies –India, Australia, the US, and Japan. All four nations find …

CSIR-National Physical Laboratory, New Delhi in association with Metrology Society of India (MSI) organized the World Metrology Day (May 20th). Metrology is the science of measurement and its application. World Metrology Day is celebrated in commemoration of the anniversary of the signing of the Metre Convention in 1875. This treaty provides the basis for a …

Recently, the Union Minister of Finance & Corporate Affairs and India’s Governor for the New Development Bank (NDB) chaired the 7th Annual Meeting of Board of Governors of NDB (New Development Bank). The meeting was also attended by Governors/Alternate Governors of Brazil, China, Russia, South Africa and the newly joined members Bangladesh …

Recently, Finance Minister participated in the 13th Annual Day commemoration of the Competition Commission of India (CCI). Finance Minister also inaugurated the regional office at Kolkata and launched an upgraded website of CCI. Competition Commission of India (CCI) is a statutory body of the Government of India responsible for enforcing the Competition Act, 2002, it was …