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Experts make projections as CBN holds first MPC under Cardoso

The Central Bank of Nigeria (CBN) has scheduled its first Monetary Policy Committee (MPC) meeting with Yemi Cardoso as Governor for Monday and Tuesday.Some economic experts have projected that the benchmark interest rate known as the Monetary Policy Rate (MPR) would most likely be tightened to rein in inflation and check further depreciation of the Naira. . The News Agency of Nigeria (NAN) reports that the last meeting of the MPC was held in July 2023, and was presided over by the then-acting CBN governor,…

Budget 2024: 50-year interest-free loans for ‘Tech-Savvy Youth’

Image Source : FILE Big Boost for Young Tech Entrepreneurs (Union Budget 2024) Union Budget 2024: The government has unveiled a corpus of Rs 1 lakh crore to support and finance young entrepreneurs aiming for long-term growth in emerging industries. This initiative, presented in the Interim Budget by Finance Minister Nirmala Sitharaman, is geared towards providing…

india: India talking with G20 nations to build norms for regulating crypto mining: Finance Minister

Finance Minister Nirmala Sitharaman told Parliament that India has taken on board the G20 member nations to formulate a standard operating protocol to regulate crypto mining.Replying to a question on crypto mining regulation in the Lok Sabha during Question Hour, she said that under its G20 presidency, India is "raising this issue and having detailed discussion with the members so that a standard operating protocol emerges after the discussions in the G20 so that there is a coherent, and comprehensive approach in bringing…

Budget 2023: Government Lowers Customs Duty on Mobile Phone Parts, TVs

Finance Minister Nirmala Sitharaman on Wednesday announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing.In her Budget 2023-24 speech, she said India's mobile phone output rose from 5.8 crore units in 2014-15 to 31 crore units last fiscal.Her announcement comes at a time when India has aggressively positioned itself as an electronics powerhouse to the world, as global players look for a China plus 1 strategy.In fact, India has emerged as the world's second-largest mobile phone…

Union Budget 2023: Key takeaways for the tech industry

Common Business Identifier For the business establishments required to have a Permanent Account Number (PAN), the PAN will be used as the common identifier for all digital systems of specified government agencies. This will bring ease of doing business; and it will be facilitated through a legal mandate Digital Public Infrastructure for Agriculture Digital public infrastructure for agriculture will be built as an open source,…

Chandigarh Airport Officially Renamed to Shaheed Bhagat Singh International Airport

The Chandigarh International Airport has now been officially named as Shaheed Bhagat Singh International Airport as a mark of tribute to the legendary freedom fighter on his 115th birth anniversary. The Chandigarh Airport belongs to the Indian Air Force (IAF). The Chandigarh International Airport Limited is a Joint Venture of AAI, Punjab government and the Haryana government. Presently, the airport is connected to Ahmedabad, Bengaluru, Chennai, Delhi, Goa, Hyderabad, Jaipur, Kangra, Kolkata, Kullu, Leh, Lucknow, Mumbai,…