Centre to retain GST on concentrators
The Hindu
Delhi High Court pushes back, saying that the government should review its resistance at such a time
The Central government should review its resistance to exempting theimported for personal use, the observed on Thursday after the Finance Ministry conveyed its inability to accept the Court’s order issued on Wednesday. A High Court Bench of Justices Rajiv Shakdher and Talwant Singh also critiqued the Centre’s PR exercise amidst the pandemic, and mooted that it was time to be more humane, while mentioning that even President Joe Biden had dropped the U.S. administration’s resistance to intellectual property waivers for COVID-19 vaccines after “good sense prevailed”. The petitioner in the case, a senior citizen whose nephew had shipped him a concentrator as a gift, had challenged a May 1 notification that levied 12% GST on such imports from 28% earlier. He invoked Article 21 of the Constitution, which enshrines the fundamental right to life.
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.










