Browsing: India

India plans to extend the 50 percent HRA tax exemption to Bengaluru, Hyderabad, Pune and Ahmedabad, aligning them with Mumbai, Delhi, Kolkata and Chennai. The draft Income-tax Rules, open for feedback until February 22, could lower taxable income for salaried workers from April 1, 2026, under the old tax regime.

India’s NSO launches MCP server, granting AI direct access to official data.

India and the GCC restart FTA talks after two decades, aiming to boost trade and investment. Agreement details inside.

India launches a digital portal for medicinal plant certification, streamlining processes and enhancing transparency.

The World Bank will provide up to $50 billion to India over five years, boosting annual funding and targeting jobs, skills, and inclusive growth under a new framework.

India and the EU finalize a historic trade deal, forging a $27 trillion market. Key sectors, benefits, and implementation timeline revealed.

India invests ₹82.5Cr in Northeast bamboo development, aiming to transform the region into a hub for sustainable products and empower local artisans.

Adani and Embraer partner to establish India’s first commercial aircraft assembly facility, boosting regional aviation and manufacturing.

China has showcased an AI-driven military drone swarm of more than 200 fixed-wing drones, developed by the National University of Defence Technology for the PLA, highlighting advances in autonomous warfare, anti-jamming algorithms, and large-scale unmanned operations as Beijing accelerates its defense modernization strategy.

Indian AI startups and Google are transforming healthcare and agriculture through large-scale retinal screening, monsoon prediction, and a $15 billion AI hub in Visakhapatnam, positioning India as a key global AI innovation hub and spotlighting Global South health use cases at Davos and the India-AI Impact Summit.