GenAI adoption projected to transform nearly 3.8 crore jobs in India by 2030

IANS | January 14, 2025 5:29 PM

New Delhi, Jan 14 (IANS) The Generative AI (GenAI) adoption is projected to transform at least 38 million (3.8 crore) jobs in India by 2030, driving a 2.61 per cent productivity boost to the economy through gains in the organised sector and additional 2.82 per cent with the adoption of GenAI by the unorganised sector, a report said on Tuesday.

India’s WPI inflation edges up to 2.37 pc in December

IANS | January 14, 2025 1:03 PM

New Delhi, Jan 14 (IANS) The annual rate of inflation based on the all-India Wholesale Price Index (WPI) edged up to 2.37 per cent for the month of December, compared to the same month of the previous year, according to figures released by the Commerce and Industry Ministry on Tuesday.

Banks hike interest rates on FDs amid fierce competition for deposits

IANS | January 14, 2025 12:04 PM

Mumbai, Jan 14 (IANS) Banks have started offering higher returns on FDs amid fierce competition to raise more deposits. While leading banks such as SBI and HDFC were the first to raise interest rates on FDs, smaller banks such as IDBI have followed suit for fear of getting left behind in the race.

Net direct tax collections surge 16 pc to Rs 16.90 lakh crore so far in FY25

IANS | January 14, 2025 11:25 AM

New Delhi, Jan 14 (IANS) India’s net direct tax collections recorded a robust 15.88 per cent jump to Rs 16.90 lakh crore during April 1, 2024-January 12, 2025 of the current financial year compared to the same period of the previous financial year, according to latest figures compiled by the Income Tax Department.