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nikhil inamdar with more from mumbai. about 1.5 years after india and out the $10 billion incentive package for semiconductor and pennies, investment seem to be coming in. after microns investment to set up a semiconductor testing plan a few weeks ago amd has said it would open its largest research and development centre in another city. the prime minister has had a 50% assistance to set up chip manufacturing in the country with a mean india could see exponential growth in the sphere. foxconn says it is optimistic about the direction india is making on chip—making. but industry watchers are more cautious. they state while this would allow india to strengthen its design and packaging of the
ship making industry, it will need more work. for a company to set up fabrication units and other areas, to set up fabrication units and otherareas, india to set up fabrication units and other areas, india will need structural reforms, such as improving its business climate and trade linkages. the company has made some headway on these fronts but there is still a long way to go. that was nikhil inamdar in mumbai. over in the us, where senators are looking to summon developers and experts for hearings later this year on possible legislative safeguards over the issue of artificial intelligence. just last week big tech players like microsoft, open ai and google announced the formation of a group to look at how future ai applications are developed. earlier, i spoke with dr lan guan of accenture on the sort of guardrails needed. have to understand the different risks. for example, data security is not in new topic in the digital age but ai
knell, say experts. shares of indian online gaming platforms and casinos have crashed following the gst (goods and services tax) council's decision. let's cross live now to our india business correspondent nilkhil inamdar in mumbai. thank you forjoining us. how significant, firstly, is this ruling, and what impact you think it will have on the gaming industry? that is right, in fact one of the industry associations that i spoke with said the impact would be catastrophic, because earlier, the goods and services tax was only charged for commissions, but now with these new amendments that they go through it would be charged on the entire face value of the gaming transaction on the bat, and that would take the overall tax up to about 50%, according to industry estimates. this includes gst, the platform fees, as well as the income tax. this essentially makes it very
let us use the power of yoga, not only to be healthy, happy, but also to be kind to ourselves and to each other. >> the world for just a few minutes, was celebrating together. from times square in new york city to a temple in tokyo. to a beach in south africa and a bus in mumbai. and then right back to the front lawn of the united nations. and if i can do it? yoga really is universal. and it is a great reminder to be kinder to ourselves and one another. and on that note, i wish you all a very good night, namaste. from all of our colleagues across the networks of nbc news. thanks for staying up late, i will see you at the end of tomorrow! tomorrow
>> the world, for just a few minutes, was celebrating together. from times square and new york city to temple in tokyo, to a beach in south africa, and a bus in mumbai, and then right back to the front lawn of the united nations. and if i can do it, yoga really is universal. and it is a great reminder to be kinder to ourselves and one another. and on that note, i wish you all a very good night. namaste. from all of our colleagues across the networks of nbc news, thank you for staying up late. i will see you at the end of tomorrow. ♪ ♪ ♪ >> tonight, on all in. >> we should state the obvious. there's something rotten going on in the supreme court of the united states of america. >> another supreme court justice caught accepting lavish gifts from a from the
so things such mineral oils, crude petroleum and natural gas as well as food, they've all gotten cheaper. the quantum of the easing bill, a —3.5%, was more than what both analysts were expecting, but wholesale inflation will continue to fall further and remain in the negative territory for at least a few more months, but they will be watching out for is any upward movement in crude oil prices or severe el nino—like conditions that could impact agriculture because that poses an outside risk to inflation. these numbers will get some relief to the indian central bank which kept its key lending rates steady recently but signalled that rates will not come down for some more time as it looks for further inflation relief particularly on the consumer side. nikhil inamdar in mumbai. meanwhile, canada is moving to freeze its ties with the china—led asia infrastructure investment bank following allegations that it was dominated by the chinese communist party. authorities are investigating the claims brought by the bank's former global communications director, bob pickard, who announced his
the bma have already reached out and the latest invention would more pressure on the government to do the same. the department of health said there were no plans to involve a third party and ministers willing to engage constructively, but the pay claim of 35% was unreasonable. hugh pym, bbc news. there are so much more detail on our website about the strike action taking place in the uk and in various sectors, not least the health service. india is a country on the move. new figures show it is about to overtake china as the most populous nation on earth as it also faces the second—largest rural to urban transition in human history. every year, millions of indians leave rural agricultural areas for huge, crowded cities. barbara plett—usher went to mumbai to look at the challenges facing the young workforce. jobhunting in mumbai. they have travelled hundreds of miles,
there is always the possibility of there is always the possibility of the two sides could reach a financial settlement before then and perhaps this may —— maybe increases the pressure on news corp if they don't want their top brass to be making an in—person appearance. thank you, michelle. after days of deliberation, india's central bank has kept lending rates unchanged at 6.5%. it was a surprise to markets that were pricing in another quarter percent increase in the cost of borrowing. since may last year, the reserve bank of india has raised rates by 2.5% in a bid to try and control soaring inflation. unseasonal rains and a cut in oil production announced by 0pec+ this week could have influenced the change in policy. 0ur india business correspondent, archana shukla, has been watching developments for us in mumbai. while it was a surprise for the markets, but considering it was a unanimous decision of the monetary
limaye live for us in mumbai. the governor of the us state of colorado has pledged to help residents who've lost everything to rebuild their lives, after sudden wildfires destroyed 1,000 homes. tens of thousands of people were evacuated as the fires tore through suburban areas of boulder county on thursday. gary 0'donoghue has this report. winds of more than 100 mph drove the flames across more than 1600 acres of suburban colorado, which would normally have snow on the ground at this time of year. the fires spread quickly through homes and businesses, leading to the evacuation of tens of thousands of people. the emergency services did their best but the sheer speed of the fire took everyone by surprise. coming down this road, the ditches and things and the trees, they're all up in flames. like, there's embers everywhere. packed myself, my cat and just keep our fingers crossed.