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GTRI seeks clear DPIIT guidelines on new quality certification regime; warns of fresh compliance hurdles

GTRI has urged the Department for Promotion of Industry and Internal Trade (DPIIT) to issue detailed operational guidelines for the government’s newly notified quality certification mechanism, saying the success of the reform will depend on transparent implementation Trade policy think tank Global Trade Research Initiative (GTRI) has urged the Department for Promotion of Industry and...
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Explained: How India’s transition from WPI to PPI will strengthen inflation measurement – what it means for policy making

PPI captures the prices relevant for the production process without being complicated by inclusion of indirect taxes net of subsidies or wholesalers’ margins. (AI image) By DK Srivastava, Chief Policy Advisor, EY IndiaConventionally, in India, two major price indices namely Wholesale Price Index (WPI) and Consumer Price Index (CPI) have been prepared periodically. The WPI...
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Exporters flag concerns over revised Fema rules

Exporters flag concerns over revised Fema rules Exporters have flagged at least half-a-dozen concerns on the revision in Fema rules that come into effect later this year, with the Reserve Bank of India considering several of the proposals favourably, industry executives said. RBI governor Sanjay Malhotra had met industry bodies on Thursday. Federation of Indian...
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India’s AI services revenue touches $12 billion as adoption moves beyond pilots: Nasscom

Speaking at the Nasscom US CEO Forum in New York, industry leaders said AI is creating fresh growth opportunities for technology services rather than replacing traditional IT work. India’s technology services industry is already generating an estimated $10-12 billion in revenue from artificial intelligence (AI) services, with nearly a quarter of companies moving AI projects...
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