BUSINESS
India slips to 43rd rank in US Chamber of Commerce's intellectual property rights index
The index was launched by the US Chamber of Commerce's Global Innovation Policy Centre and is closely monitored by the Indian government. The index has said in its finding that a torrent of proposals - both domestic and international - are threatening to erode intellectual property (IP) rights.
Calibrated response needed for combating climate change challenges, says Hardeep Puri
"I believe that a stronger commitment to the sustainable development goals (SDGs) and the multilateral agenda are going to be fundamental to the global response," Puri said while delivering the keynote address at the valedictory session of the World Sustainable Development Summit 2023, organised by The Energy and Resources Institute (TERI).
With Ajay Banga nomination, top World Bank positions to held by Sikhs
Before Banga, who is slated to take up job - which, by convention, been reserved for a US citizen - this May, the World Bank already as a Sikh in a top post, with Indermit Singh Gill its Chief Economist. He is primarily known for pioneering the concept of the "middle-income trap" to describe how countries stagnate after reaching a certain level of income.
Air India to add over 4200 cabin crew, 900 pilots in 2023
Earlier this month, Air India announced a mega order to purchase 470 aircraft from Boeing and Airbus to support its growth plans. It has already announced plans to lease 36 aircraft of which two B 777-200LR have already joined the fleet. The cabin crew, who will be recruited from around the country, will undergo a 15-week programme imparting safety and service skills.
Govt working towards making markets accessible to farmers: PM
"Every budget in recent years has been called a budget for gaon, gareeb and kisaan. The government is working towards making domestic and international markets accessible to the farmers," Modi said in his virtual address. Various decisions are being continuously taken in the budget to promote the agricultural sector so that the nation becomes 'atmanirbhar' and the money.
'Won't injunct media', SC refuses plea to gag media from reporting Adani-Hindenburg issue
Advocate M.L. Sharma mentioned the matter before a bench headed by Chief Justice of India D.Y. Chandrachud. The Chief Justice told Sharma, "We are not going to issue any injunction to the media ever... We will pronounce orders shortly." When Sharma repeated his request by saying that the media was creating a sensation, the Chief Justice said.
PM urges developed nations to stabilise global economy
Addressing the first meeting of the Finance Ministers and Central Bank Governors (FMCBG) under India's G20 presidency in Bengaluru virtually, Modi said: "It is up to the custodians of the leading economies and monetary systems of the world to bring back stability, confidence and growth to the global economy." The Prime Minister urged the members to focus their discussions.
Lab grown diamonds are used in satellites, computer chips & jewellery
Besides, the jewellery industry, LGD are used in computer chips, satellites and 5G networks as they can be used in extreme environments due to their potential to operate at higher speeds while using less power than silicon-based chips. The LGD has vast application in the field of defence, optics, jewellery, thermal and medical industry.
Pakistani central bank's forex reserves rise $66 mn
During the week ending on February 17, the total foreign exchange reserves of the SBP rose to around $3.26 billion, the SBP added on Thursday in a statement. Net foreign reserves held by commercial banks came at $5.47 billion, it said. Total liquid foreign reserves held by the South Asian country stood at about $8.73 billion, according to the central bank.
Indian banks to issue bonds to maintain capital levels: CARE Ratings
"To support credit-off take, banks are expected to shore up their liability franchise by raising capital (AT1 bonds, other debt instruments such as infrastructure bonds) and deposits. The market has been facing lower liquidity and elevated inflation, hence borrowing costs for deposits and the cost of raising capital are expected to increase," the credit rating agency said in a report.
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