Finance Minister Nirmala Sitharaman presented the Union budget 2023-2024 in Parliament on February 1, 2023. Given that this the last full Budget of the Modi government before the general elections in 2024, people expected Sitharaman to deliver a populist, election-friendly Budget. Instead she delivered what experts are calling a "long term thinking" Budget. It focused on growth through higher capex spending, consumption by lowering direct taxes for the middle class, and importantly, it focused on fiscal prudence. Forbes India's Varsha Meghani decodes the key takeaways
ChatGPT can generate everything from exam essays to computer code. But Sam Altman, founder of OpenAI, which made ChatGPT, tweeted that "it's a mistake to be relying on it for anything important right now." In time to come, however, the technology behind ChatGPT will be used for things such as drug development, sentiment analysis and improving search functions.
Clarification: Anusha Rammohan's designation has been incorrectly stated in the video. Her correct designation is Co-Chair, AI Working Group, IET Future Tech Panel. We regret the error
Online gaming companies like Dream11, Games24x7, WinZo or any of the 900-odd companies that operate in the space will soon be treated as intermediaries just like Google, Facebook, and OTT platforms. The central Ministry of Electronics and IT has proposed an amendment to bring online gaming under the Information Technology Rules of 2021. The proposal, which is part of the draft online gaming policy that will be subject to public consultation till January 17th, attempts to treat online gaming companies as intermediaries and create a self-regulation model. Will it work?
On December 1 the RBI launched a pilot version of the e-Rupee in four cities. Since it's issued by the RBI, it's called a central bank digital currency or CBDC. But we already make digital payments via UPI-based apps like Google Pay, PhonePe and Paytm. So how are CBDCs different and what's the incentive for people to transact in e-Rupees? Moreover, e-Rupees have to contend with cash. The blockchain makes every transaction traceable. So can India's CBDC beat UPI? Can it beat the anonymity that cash offers? Here is a look at what it will take for CBDCs to become a widespread
Globally, millions of people and businesses have been affected by FTX's collapse. In India, around 5 lakh crypto investors are believed to be affected by FTX's fall. It's unlikely they'll get any of their money back. Yet this doesn't mean the end of the road for crypto in India. Forbes India's Varsha Meghani explains what Indian exchanges, the RBI and the government can do to safeguard investors' interests in the short and long run
The Indian rupee has fallen by around 11 percent against the US dollar since the start of the year, even breaching Rs.83 per US dollar mark in October 2022. But in recent days, the rupee has strengthened against the US dollar, albeit marginally, to touch the Rs.81.20 per dollar level. Forbes India's Varsha Meghani explains whether the rupee is set to finally recoup against the US dollar or whether it can fall any further
India's telecom operators have begun to roll out their 5G services. To succeed, they'll need to work on three key areas—spectrum, technology and partnerships. The new Forbes India Nuts and Bolts video looks at how Reliance Jio and Bharti Airtel—the key players in the market—stack up against each other in these areas, and who will ultimately emerge the winner