CBDT signs two more unilateral 'Advance Pricing Agreements'

The global shortage of memory chips is largely being driven by the rapid rise in artificial intelligence (AI) workloads, which has significantly increased demand for advanced memory solutions, according to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA) and SEMI India.

The Reserve Bank of India (RBI) has introduced a new set of prudential norms for banks that cap dividend payouts at a maximum of 75 per cent of Profit After Tax (PAT) for most banks, linking profit distribution more closely with capital strength, profitability and regulatory compliance.

Hyderabad (Telangana) [India], March 10: Calibo, a B2B technology company helping enterprises accelerate data and AI innovation, has signed two Memoranda of Understanding (MoUs) with the Government of Andhra Pradesh to advance rapid use case development with AI-ready talent and responsible AI innovation. The partnership includes deploying Calibo AI Academy, in collaboration with the Andhra Pradesh State Skill Development Corporation (APSSDC), across 50+ higher education institutions, and implementing the Calibo AI Innovation Sandbox with the Real Time Governance Society (RTGS) to enable designing, building and secure experimentation of public-sector AI use cases outside production environments.

Minister Goyal underscored the country's rapid ascent in the sector, noting that India currently stands as the 7th largest exporter of agricultural and marine products globally. Highlighting the government's ambitious trajectory, Goyal stated, "Today, India is the 7th largest exporter in the world of agricultural and marine products, and in the coming days, we will move ahead to become the world's leading exporter of agricultural and marine products." The fair marks a significant diplomatic milestone as Italy takes on the role of country partner for the first time, a move intended to capitalize on evolving trade relations.

Expanding global trade agreements will open new opportunities for India's farmers, fishermen, and MSMEs as the nation secures "preferential market" status across major international economies, said Union Minister Piyush Goyal. Speaking at the 40th edition of AAHAR, the International Food & Hospitality Fair in New Delhi, Goyal stated that India today covers two-third of global trade with "preferential market access" for Indian goods and services, making the country a "very attractive investment destination."