New Delhi, March 20 (IANS) The combined index of India’s eight core infrastructure industries increased by 2.3 per cent in February this year compared to the corresponding figure for the same month of the previous year, according to data released by the Commerce and Industry Ministry on Friday.The production of cement, steel, fertilisers, coal, and electricity recorded positive growth in February.Steel production recorded a 7.2 per cent increase in February over the same month of the previous …
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New Delhi, Feb 28 (IANS) Fears that artificial intelligence could lead to massive job losses may be exaggerated, according to Amazon CEO Andy Jassy.Speaking in a media interview, Jassy said AI is more likely to reshape the nature of work rather than completely eliminate employment opportunities.Jassy acknowledged that many roles which have relied heavily on human labour for the past two to three decades may require fewer people in the future. However, he stressed that this does not mean jobs wil…
Washington, Feb 25 (IANS) US President Donald Trump declared that America was “winning again,” touting sweeping tax cuts, what he called the “strongest and most secure border in American history,” and a new policy to shield consumers from rising electricity costs linked to artificial intelligence.“For all these reasons, I say tonight—Members of Congress, the state of our union is strong,” Trump said in his State of the Union address.On the economy, Trump said his administration had del…
New Delhi, Feb 20 (IANS) The combined index of the country’s eight core infrastructure industries increased by 4 per cent in January this year compared to the corresponding figure for the same month of the previous year, propelled by the strong performance of the steel and cement sectors, according to official data released by the Commerce and Industry Ministry on Friday.The production of electricity, fertilisers, and coal also recorded positive growth in January.Steel production recorded a ro…
New Delhi, Feb 18 (IANS) There is an urgent need to close the artificial intelligence (AI) divide between the Global North and South, Microsoft Vice Chair and President, Brad Smith, said here on Wednesday.Speaking at a session during the ‘India AI Impact Summit 2026’ here, he said the economic divide was created by unequal access to technology, specifically electricity.”Technology, for over a century, drove industrialisation and prosperity across the Global North before it really took off in…
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 10 (IANS) The NITI Aayog on Tuesday released the second set of four Study Reports on Scenarios Towards Viksit Bharat and Net Zero, which cover the transport, industry, power, and critical minerals sectors.According to the reports, electricity’s share in the power sector can rise as high as 60 per cent in 2070 from 21 per cent in 2025, while the share of non-fossil generation increases from 23 per cent to 80-85 per cent. Electricity, biofuels, and hydrogen can meet nearly 90 per …
New Delhi, Feb 9 (IANS) Despite adequate funding and provincial autonomy following the 18th Amendment in Pakistan, Sindh has emerged as a distressing case of policy failure and neglect, according to a new report.The ‘Household Integrated Economic Survey 2024-25’ reflects the paradox, painting two Pakistans — one advancing and the other left behind, according to Express Tribune. For example, Sindh has highest proportion of households (14 per cent) without any toilet facilities — worse than…
New Delhi, Jan 22 (IANS) Rapidly declining costs of electrotech like solar panels and batteries have unlocked a new energy path for countries like India that did not exist a decade ago when China was expanding its power sector.In 2004, when China crossed 1,500 kWh of electricity use per capita, coal generation was about ten times cheaper than nascent solar photovoltaics (PV). This led to coal accounting for nearly 70 per cent of the growth in China’s electricity generation over a decade.In con…
New Delhi, Jan 20 (IANS) The combined Index of Eight Core Industries (ICI) increased by 3.7 per cent (year-on-year) in December 2025 as production of cement, steel, electricity, fertiliser and coal recorded positive growth last month, the government data showed on Tuesday.The final growth rate of Index of Eight Core Industries for November 2025 was observed at 2.1 per cent.The cumulative growth rate of ICI during April to December, 2025-26 is 2.6 per cent (provisional) as compared to the corresp…