Seoul, Feb 9 (IANS) The South Korean economy is showing a moderate increase in production, thanks to improved consumption, a state-run think tank said on Monday.”Recently, our economy has maintained moderate production growth, led by the service sector, thanks to improvements in consumption,” the Korea Development Institute (KDI) said in its monthly economic assessment, reports Yonhap news agency.In December, industrial output rose 1.5 percent from the previous month, while retail sales increase…
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Kuala Lumpur, Feb 8 (IANS) Malaysian Prime Minister Anwar Ibrahim on Sunday hailed Prime Minister Narendra Modi’s “unequivocal” peacekeeping efforts and thanked him for his firm commitment to support diplomatic talks regarding the same in the Russia-Ukraine war and the conflict in the Middle East.In his remarks during the joint press meet with Prime Minister Narendra Modi in Kuala Lumpur, Malaysian PM Ibrahim said, “I must express my appreciation, because my discussions with Prime Minister Modi …
New Delhi, Feb 8 (IANS) The manufacturing of electronic components is growing rapidly and 46 approvals have been granted — with Karnataka is set to receive investments exceeding Rs 10,000 crore, according to Union Minister Ashwini Vaishnaw.In Budget 2026-27, Finance Minister Nirmala Sitharaman increased the budget for the electronic component manufacturing scheme from Rs 22,000 crore to Rs 40,000 crore. This will significantly accelerate the electronics manufacturing journey. “Our Prime Mini…
Bengaluru, Feb 7 (IANS) Union Minister for Railways, Electronics and Information Technology Ashwini Vaishnaw, on Saturday, released the new two-nanometre Qualcomm chip and said that it is a major development for the country.Speaking in Bengaluru, Union Minister Vaishnaw made the statement while inaugurating Texas Instruments’ new product research and development facility in Bengaluru.The Union Minister said, “I am very happy to share with you that today we unveiled the 2 nanometer wafer and 2 na…
Bengaluru, Feb 7 (IANS) Texas Instruments (TI) is a true pioneer in India’s semiconductor journey, said Ashwini Vaishnaw, Union Minister of Electronics & Information Technology, on Saturday.He was speaking at the inauguration of the American multinational semiconductor company’s official product research and development (R&D) center in Bengaluru. The event also commemorated the company’s 40-year presence in India. “I congratulate Texas Instruments on the inauguration of this worl…
Mumbai, Feb 5 (IANS) The Taiwanese government’s move to deepen collaboration with the US in artificial intelligence (AI) and critical minerals aims to counter risks from growing competition with Beijing, a new report has said.The report from Modern Diplomacy said senior Taiwanese and US officials discussed cooperation on AI, technology, and drones at a high‑level forum, after which the US State Department described Taiwan as a “vital partner”.Taiwan must look to fellow democracies rather t…
Bhopal, Feb 3 (IANS) More digital investment, innovations, technology upgradation, and an increase in job creation, particularly for women, will gain further pace through Union Budget provisions, Madhya Pradesh Chief Minister Mohan Yadav said while speaking at a joint press conference with state BJP president Hemant Khandelwal here on Tuesday. Both leaders welcomed the Union Budget 2026-27 presented by Finance Minister Nirmala Sitharaman, and described the budget as welfare-oriented, inclusive, …
Davos, Jan 22 (IANS) Assam Chief Minister Himanta Biswa Sarma has highlighted the growing economic importance of the Northeastern region, asserting that Assam follows a focused and inclusive investment approach where every investor is treated as a “VIP investor,” irrespective of the scale of proposals. Speaking to the media on the sidelines of the World Economic Forum meeting at Davos on Thursday, Sarma said Assam may not be a large state or command thousands of investment proposals, but it …
Davos, Jan 21 (IANS) The upcoming AI Impact Summit in New Delhi next month has been designed with a clear focus on three outcomes, as India gradually emerges as trusted partner in the world, thanks to sovereign Models, safety frameworks and a strong semiconductor ecosystem, Union Minister Ashwini Vaishnaw has stressed.The first objective of the Summit is impact — how AI models, applications and the overall AI ecosystem can be used to improve efficiency, increase productivity and create a multi…
Davos, Jan 20 (IANS) Union Minister Ashwini Vaishnaw on Tuesday said that the global industry now views Bharat as a dependable and strategic supply-chain partner, driven by the country’s rapid progress in building a complete semiconductor and artificial intelligence ecosystem.Speaking at the World Economic Forum here, Vaishnaw said Bharat is steadily building a full semiconductor ecosystem that covers every major segment of the value chain, including chip design, fabrication, packaging, materi…