Budget: High-level panel on urban policies
The Hindu
There is need to facilitate tier 2 and 3 cities to take on the mantle in future, she says
Union Finance Minister Nirmala Sitharaman on Tuesday said in her Budget speech that as the “business as usual” approach towards urban planning would not work and a paradigm shift was needed, a high-level committee to give recommendations would be set up.
Half the population of the country would be living in urban areas by the time it celebrated its 100th year of Independence in 2047, making orderly urban development critically important, she noted.

GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.

Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.










