Indian IT’s AI conundrum: What model to use—ready-to-build or build-from-scratch Indian IT’s AI Conundrum: Ready-to-Build or Build-from-Scratch India’s largest IT services companies are currently divided on the best approach to developing AI solutions. While some are investing in custom-built small language models, others are opting to build on existing foundational AI tools. Key Players and Strategies Infosys Ltd. and Tech Mahindra Ltd. are building their own small AI models to save costs for their clients. […]

Govt launches (DIA scheme) Diamond Imprest scheme to boost exports protect domestic industry Government Launches Diamond Imprest Scheme to Boost Exports and Protect Domestic Industry Introduction In an effort to sustain India’s leadership in the global diamond sector, the Department of Commerce has announced the new Diamond Imprest Authorization (DIA) Scheme. Set to be implemented in April, this initiative aims to revitalize the diamond industry, which has been facing declining exports and job losses. Key […]

Enhanced budget support for small businesses, startups on cards Enhanced Financial Support for Startups and Small Businesses in 2025-26 Union Budget The Union Budget for 2025-26 is anticipated to significantly bolster financial support for startups and small businesses, which constitute nearly one-third of India’s economic output. The central government is committed to ensuring these enterprises receive sufficient working capital, trade finance, and growth funds on favorable terms. Key Financial Support Measures Government Initiatives The anticipated […]

Smartphone market stays below pandemic levels, concerns remain The smartphone market continues to stay below pandemic levels, raising concerns regarding its revival. Despite some optimistic projections and minor growth, the overall market remains subdued. In India, which has a smartphone economy valued at over $40 billion, the demand is still lagging behind pandemic-era level. The market faced numerous challenges in recent years due to the COVID-19 pandemic and currency fluctuations, though there are signs of […]

One Nation One Subscription: Facilitating Free Access to International Academic Journals On November 25, 2023, the PM led Union Cabinet approved a landmark program—One Nation One Subscription. This initiative, aligning with the Anusandhan National Research Foundation (ANRF), the National Education Policy (NEP) 2020, and Viksit Bharat @ 2047, aims to provide nationwide digital access to top-tier academic research articles and journals. The government has allocated ₹6,000 crore to this project for the next three years, […]