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Union minister Ashwini Vaishnaw highlighted the importance of simplification of permissions and affirmed that the average time for installation of telecom tower has decreased from 270 days to 7 days, with 89 per cent permissions coming in zero time. Davos: India will keep growing by 6-8 per cent in real terms and 10-13 per cent in nominal terms over the next five years, supported by moderate inflation and strong growth, Union minister Ashwini Vaishnaw said on Wednesday. Speaking here in a session on 'Bet on India - Bank on the Future' organised by CII in association with EY on the…

During a digital arrest, scammers rely on keeping victims on calls for hours or days, preventing them from seeking help while forcing them to transfer funds. New Delhi: Amid rising cases of digital arrest and online fraud, the Union Ministry of Home Affairs (MHA) is reportedly evaluating a high-tech 'kill switch' and a first-of-its-kind fraud insurance mechanism. According to media reports, the 'kill switch' will be integrated directly into users' UPI and mobile banking applications and, when pressed, will freeze all banking operations and financial transactions on their accounts. The reports hold significance as there has been a surge in…

In contrast to today’s budgets, which keep in mind the welfare of ordinary Indians, the first budget was prepared keeping in mind the economic needs of the colonial administration. New Delhi: As India braces for the Union Budget to be tabled in Parliament on February 1st, several trivia regarding this crucial process of Indian democracy are doing the rounds. As Finance Minister Nirmala Sitharaman delivers the budget speech, people often wonder when the tradition of presenting the budget began in India and what historical significance it holds.  First budget of colonial India The first budget in India was presented on…