Citing the massive surge in Omicron infections and the resultant impact on overall economic activities in the March quarter, Swiss brokerage UBS Securities has revised downwards its India's growth forecast for the current financial year to 9.1 per cent from 9.5 per cent earlier.
After the amendment, a grant for the purchase of drones up to 100 per cent of the cost of agriculture drones or INR 10 lakhs, whichever is less, can be given.
The Goods and Services Tax (GST) Council, in its 46th meeting, decided to defer the proposed hike in tax rate for the textiles sector to 12 per cent from 5 per cent, which was to be implemented from January 1.
India's first heli-hub with all aviation facilities is proposed to be built at Gurugram in Haryana. This was announced by Haryana Deputy Chief Minister Dushyant Chautala.
The Vision Document 2.0 titled "$300 billion Sustainable Electronics Manufacturing & Exports by 2026" has been prepared by MeitY in association with the India Cellular & Electronics Association (ICEA).
EXAMIANS