Mumbai, Feb 14 (IANS) The tax holiday for foreign cloud service providers aims to “provide investment certainty, anchor high-value digital infrastructure within the country, and strengthen India’s role in global digital value chains,” the government said on Saturday.The Government has announced a tax holiday till 2047 in Budget 2026-27 for eligible foreign cloud service providers operating through India-based data centre infrastructure. Such companies’ income will be exempt from Indian t…
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New Delhi, Feb 12 (IANS) Calling upon India’s technology sector to reset its ambitions towards a trillion-dollar opportunity by 2035, Union Commerce and Industry Minister Piyush Goyal said on Thursday that the industry must embrace reimagination to stay ahead in an era defined by artificial intelligence, data centres and clean energy. Launching the NITI Frontier Tech Hub’s roadmap report titled “Reimagination Ahead” in the national capital, the Union Minister said India should target at least 10…
Washington, Feb 11 (IANS) President Donald Trump said the United States is allowing private companies to build their own power plants to meet what he described as massive electricity demand driven by artificial intelligence.In an interview with Fox Business’s Larry Kudlow, Trump said AI infrastructure requires unprecedented energy capacity.“AI, for whatever reason, needs massive amounts of electricity, right? More electricity than the entire country produces right now by double,” he said.T…
New Delhi, Feb 8 (IANS) The finalisation of the first tranche of the India–US trade deal comes as a booster shot for the AI hardware, particularly advanced computing components, as it is expected to significantly lower costs and facilitate domestic capacity building. For the first time, AI compute infrastructure has effectively been treated as a strategic asset within a bilateral trade arrangement between two major economies, a move that could have long-term implications for India’s technology…
Jaipur, Feb 2 (IANS) Rajasthan Chief Minister Bhajan Lal Sharma said on Monday that under the visionary leadership of Prime Minister Narendra Modi, the country has been progressing steadily on the path of development with financial discipline and economic stability over the past 12 years. He described the Union Budget presented by Finance Minister Nirmala Sitharaman as one that will take the “nation from self-reliance to development, from potential to achievement, and from resolve to success”.Ad…
New Delhi, Feb 2 (IANS) Union Budget 2026‑27 marked a “pragmatic approach” with “no fireworks,” laying the groundwork for a stable medium‑term growth environment, without focusing on immediate catalysts for equity markets, a report has said.Global Brokerage Jefferies India in the report lauded the renewed emphasis on capital expenditure, particularly in defence, which was enabled by slower fiscal consolidation.The brokerage also welcomed support for data centres and electronics compo…
New Delhi, Feb 2 (IANS) The Budget for 2026-27 is a significant step toward making India a global hub for innovation and advanced manufacturing with global competitiveness as the lynchpin, says Challa Sreenivasulu Setty, Chairman, State Bank of India.The Budget maintains policy continuity, tax predictability while attempting a fine balance between rural and urban, legacy and sunrise sectors.”This year’s Budget has both predictable and futuristic elements. The predictable part is the basic stru…
Hyderabad, Feb 1 (IANS) Union Minister for Coal and Mines G. Kishan Reddy hailed the three high-speed rail corridors between Hyderabad and other cities announced in the Union Budget and said that this would power Telangana’s economic growth.Reacting to the Union Budget 2026-27 presented by Finance Minister Nirmala Sitharaman in Parliament on Sunday, Kishan Reddy said that seven high-speed rail corridors across India have been announced as growth connectors.He thanked Prime Minister Narendra Mo…
New Delhi, Feb 1 (IANS) Industry body Nasscom on Sunday hailed the Union Budget 2026 for its thrust on technology as a core driver of inclusive, sustainable growth.Finance Minister Nirmala Sitharaman, in her ninth consecutive Budget, presented a forward-looking and consultative Budget that reinforces the partnership between government and industry.“The Budget reflects a continued focus on ease of doing business and on strengthening India’s position as a global technology and services powerho…
New Delhi, Feb 1 (IANS) Industry leaders on Sunday welcomed the Union Budget 2026–27 for its emphasis on skilling, innovation, Electronics Component and Manufacturing Scheme (ECMS) and semiconductors, adding that it will make India a global electronics manufacturing hub.Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises called the Budget “bold” for combining growth with inclusion. The strong emphasis on skilling, alongside sustained investments in science, innovation, and research a…