Economy

A new study has highlighted that users are moving beyond smartphones to explore higher technology spaces like smart TVs, watches, hearables, and home appliances. Though smartphones continue to be the ‘hub of being smart’, close to 52 per cent consumers are aspiring to buy a smart TV as OTT viewership skyrockets, 36 per cent want a smart watch/speaker, and 31 per cent are vying for smart home appliances, according to a survey report by research arm by techARC.

The ministry said out of the allocated Rs 30,000 crore of Additional Emergency Working Capital Funding for farmers through NABARD, Rs. 25,000 crore has been disbursed while the balance of Rs 5,000 crore under Special Liquidity Facility (SLF) is allocated to NABARD by RBI for smaller NBFCs and NBFC-MFIs. NABARD is finalising operational guidelines to roll it out soon.

The incentive program, being spearheaded by the country’s policy planning body, uses the template of a scheme implemented earlier this year to draw businesses away from China.

Royal Enfield, the niche motorcycle brand of Eicher Motors, said it will commence local assembly of motorcycles in Argentina in partnership with Grupo Simpa, a local distributor in the country since 2018.