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Flexible Inflation Targeting Helped India Maintain Price Stability Amid Global Challenges: RBI

New Delhi, Aug 22 (KNN) The Reserve Bank of India (RBI) has said that the flexible inflation targeting (FIT) framework has performed effectively since its adoption in 2016, helping to maintain price stability even during periods of global and domestic stress.

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Anti-Dumping Duties Imposed On Acrylic Fiber, Epoxy Resin Imports For Five Years

New Delhi, Aug 22 (KNN) The Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-dumping duties for five years on imports of acrylic fibre and liquid epoxy resins, citing injury to domestic manufacturers from low-priced imports.

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Jaishankar, Lavrov Discuss Energy, Trade Imbalance, Connectivity; India To Keep Buying Russian Oil

New Delhi, Aug 22 (KNN) India’s External Affairs Minister S. Jaishankar and Russian Foreign Minister Sergey Lavrov held wide-ranging talks in Moscow on Thursday, with energy cooperation and trade balance emerging as central themes. 

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Cutting Hydrogen Cost To USD 1/kg Key To India’s Energy Independence: Nitin Gadkari

New Delhi, Aug 22 (KNN) Union Minister for Road Transport and Highways Nitin Gadkari on Wednesday said that if India can reduce the cost of hydrogen production from the current USD 5 per kilogram to USD 1 per kilogram, the country could not only achieve energy independence but also emerge as a global exporter of clean energy.

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ISA To Establish 17 Centres Of Excellence By 2025, Plans Global Capability Hub In India

New Delhi, Aug 22 (KNN) The International Solar Alliance (ISA) will establish 17 centres of excellence across as many countries by the end of 2025, with plans to subsequently set up a Global Capability Centre in India, its Director General Ashish Khanna said on Wednesday. 

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India–China Trade Deficit At USD 99.2 Bn, USD 161 Bn Export Potential Untapped: ICRIER Study

New Delhi, Aug 22 (KNN) Amid a gradual thaw in India–China relations, a new study by the Indian Council for Research on International Economic Relations (ICRIER) has underlined the persistent imbalances in bilateral trade and called for a calibrated economic engagement strategy. 

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OpenAI To Start Office in New Delhi Expanding Operations in India

New Delhi, Aug 22 (KNN) OpenAI, the company behind the AI chatbot ChatGPT, is planning to open a corporate office in New Delhi in the coming months, marking its formal entry into India, one of the world’s fastest-growing technology markets, according to Bloomberg.

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India Sends First Trial Shipment of Garhwali Apples to Dubai, Boosting Agri Exports

New Delhi, Aug 22 (KNN) India has dispatched its first trial shipment of 1.2 metric tons of Garhwali Apples (King Roat variety) from Dehradun to Dubai, marking a step toward increasing and diversifying the country’s agricultural exports.

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Government Incentives Empower MSMEs and Micro Enterprises in Food Processing Industry

New Delhi, Aug 22 (KNN) The Ministry of Food Processing Industries (MoFPI) is actively promoting the growth and development of food processing industries across India through a range of incentive-based schemes.

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Over 59000 Entrepreneurs Onboarded To GeM Portal Under SC/ST Hub Scheme

New Delhi, Aug 22 (KNN) The Government of India has rolled out several initiatives to digitally empower Micro, Small, and Medium Enterprises (MSMEs), with special focus on Scheduled Caste (SC) and Scheduled Tribe (ST) entrepreneurs.

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Media Coverage

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The Hindu

A centre of excellence planned in Delhi for SMEs

The Federation of Indian Micro, Small and Medium Enterprises (FISME) and financial institution IFCI plan to set up a “Centre of Excellence for Aspiring SMEs”. A delegation from the FISME recently met Union Finance Minister Nirmala Sitharaman in this regard.

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Financial Express

MSME delegation urges FM Nirmala Sitharaman to prioritize medium enterprises for economic growth

FISME proposed the setting up of the “Center of Excellence for Aspiring SMEs,” which will help foster growth and development by access to the latest technologies, and strategic partnership between Indian SMEs and foreign companies, with a special focus on Joint Ventures with Japan, South Korea and Taiwan.

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