Waiting area with state-of-the-art amenities inaugurated at US Consulate General
Industries and IT Minister Duddilla Sridhar Babu inaugurated the facility and pointed out that every move the Telangana government makes is for the people of the State. The government was appraised of the fact that visitors, around 3,000 each day, of the US Consulate General were facing inconvenience in the absence of a waiting areas. As a result, the government, through the Telangana Industrial Infrastructure Corporation (TGIIC), took steps to construct the facility.
He explained that the a ground-level study was embarked upon and exact needs were identified. He underscored that the move is an example of the government's proactive approach not just in industrial and technological sectors but also in initiatives that bring improvements to the daily lives of the people.
The Telangana government has been pro-actively working to strengthen bilateral relations between Telangana and the United States, which is a leading trade partner. Bilateral trade is in pharma, aerospace, electronics, and electric vehicles (EVs) sectors.
Around 38% of Telangana's IT exports are to countries in North America. The city, he explained, serves as home base for tech giants such as Google, Amazon, Apple, and Microsoft. In January this year alone, US-based companies invested ₹31,500 crore in the state, leading to the creation of 30,000 new jobs.
Hyderabad US Consul General Jennifer Larson and other dignitaries participated in the event.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
14 minutes ago
- Hindustan Times
'Dubious sources': MEA on UK report accusing India of 'transnational repression'
India on Friday strongly dismissed a British parliamentary committee report that named it among countries allegedly involved in "transnational repression" in the United Kingdom, calling the allegations "baseless" and rooted in dubious, anti-India sources. Some of the details related to India cited in the report was provided by Sikhs for Justice (SFJ), a pro-Khalistan organisation banned in India (AFP) The Ministry of External Affairs (MEA) asserted that the report's references to India, released by the UK Parliament's Joint Committee on Human Rights on July 30, were based on "unverified" inputs from banned or discredited organisations. "We have seen the references to India in the report and categorically reject these baseless allegations," MEA spokesperson Randhir Jaiswal said in response to media queries. He further stated that, 'These claims stem from unverified and dubious sources, predominantly linked to proscribed entities and individuals with a clear, documented history of anti-India hostility.' The report, titled 'Transnational Repression in the UK', listed India alongside countries such as China, Russia, Iran, Pakistan, and others accused of targeting dissidents, journalists, and activists on British soil. Some of the details related to India cited in the report was provided by Sikhs for Justice (SFJ), a pro-Khalistan organisation banned in India under the Unlawful Activities (Prevention) Act, and other UK-based Sikh groups. 'The deliberate reliance on discredited sources calls into question the credibility of the report itself,' Jaiswal added. India has consistently raised concerns with UK authorities about the activities of extremist groups based in the UK that promote separatist agendas, particularly those advocating for Khalistan, which India considers a threat to its sovereignty and territorial integrity.
Economic Times
14 minutes ago
- Economic Times
UPI transactions rebound in July after June dip
Agencies The Unified Payments Interface (UPI) posted an increase in both transaction volume and value in July, rebounding from a decline in June, according to data released Friday by the payment railroad's operator, the National Payments Corporation of India (NPCI).The platform processed 19.47 billion transactions in July, up from 18.40 billion the previous month. Transaction value rose to Rs 25.08 lakh crore from Rs 24.04 lakh crore in June. On a year-on-year basis, transaction volume rose 35%, while value grew 22%. The average daily transaction volume stood at 628 million, with a daily average value of Rs 80,919 crore. The uptick comes amid growing discussions around the cost of processing UPI transactions. Banks are beginning to levy charges on certain UPI transactions due to a cut in the government incentive for processing small-value UPI-based finance ministry has reduced the incentive for processing small-ticket UPI transactions at small merchant outlets to 0.15% per transaction from 0.25% last year, ET reported on Friday. ICICI Bank has started passing on some of the charges to its payment partners, news platform The Head and Tale reported earlier this week. Other digital payment channels also recorded growth in July, excluding Immediate Payment Service (IMPS) processed 482 million transactions worth Rs 6.31 lakh crore, compared with 448 million transactions and Rs 6.06 lakh crore in June. Transactions via the Aadhaar Enabled Payment System (AePS) rose to 103 million from 97 transactions declined to 371 million from 386 million the previous month. Last month, ET reported that Fastag's growth had stagnated, with minimal traction in the last financial year due to the lack of new use cases beyond toll its launch in 2016, UPI has grown rapidly, driven by government initiatives following demonetisation, increasing smartphone penetration and adoption by private players such as Google Pay, PhonePe and Paytm. As of May 31, UPI had 65 shareholders, including public sector, private and foreign the financial year ended March 2025, NPCI reported a 41.7% increase in net profit to Rs 1,552 crore, as per credit ratings firm ICRA. As a not-for-profit entity, NPCI classifies profits as revenue surplus. Its standalone revenue rose 19% to Rs 3,270 crore in FY25 from Rs 2,749 crore in of July, Google Pay and PhonePe continued to dominate the UPI ecosystem, together accounting for more than 80% of the market. Emerging players such as Flipkart-backed Navi, Bhim and Cred are gradually expanding their presence by offering cashbacks and other incentives. NPCI has yet to release app-wise transaction data for discussions around the long-term sustainability of UPI have gained momentum. Speaking at an event in Mumbai last week, Reserve Bank of India governor Sanjay Malhotra highlighted the need to make UPI payments financially viable, suggesting that either the government or end-users would have to bear the cost of running the digital payments industry has also been urging the government to reinstate the merchant discount rate on UPI payments. However, the government has reiterated that UPI will continue to be free for platform has experienced service disruptions in recent months, affecting all major UPI apps and several banking applications. NPCI attributed a major outage on April 12 to a surge in application programming interface (API) requests, particularly from banks excessively using the 'Check Transaction' API, which led to a slowdown in the system and a drop in payment success rates. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. US tariff hike to hit Indian exports, may push RBI towards rate cuts Is Bajaj Finance facing its HDFC Bank moment? Tata Motors' INR38k crore Iveco buy: Factors that can make investors nervous Trump tariffs: End of road or a new journey ending Russia reliance? Stock Radar: PI Industries stock showing signs of momentum; takes support above 50-DEMA – time to buy? Long-term investing: Volatility, even threats, have limited shelf life; 5 large-caps from different sectors with upside potential of up to 38% These large- and mid-cap stocks can give more than 21% return in 1 year, according to analysts Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
India.com
14 minutes ago
- India.com
Bad news for Pakistan supporter Turkey as Ankara's tourism economy sinks due to…, Erdogan staring at destruction due to…
Bad news for Pakistan supporter Turkey as Ankara's tourism economy sinks due to…, Erdogan staring at destruction due to… After Ankara came out in support of Pakistan during the recent India-Pakistan war, a 'Boycott Turkey' campaign was started in India as Indians boycotted Turkish goods and cancelled tourist bookings to the country. Advertisement (File) Turkey, which openly supported Pakistan during the recent India-Pakistan conflict after Operation Sindoor, is now paying a heavy price of the decision, as Ankara's tourism economy has dipped by a massive 37 percent, primarily because of Indian tourists boycotting the country as a tourist destination. Why India's boycott hit Turkish economy? After Ankara came out in support of Pakistan during the recent India-Pakistan war, a 'Boycott Turkey' campaign was started in India as Indians boycotted Turkish goods and cancelled tourist bookings to the country, resulting in a huge decline in the number of Indian tourists visiting to Turkey. Advertisement === According to media reports, the number of Indian tourists who visited Turkey in June slumped to 24,250 from the 38,307 in the same month last year, a decline of 37 percent, while the numbers also dropped significantly in the month of May, dealing a major blow to Turkey's tourism industry and its economy. Notably, India-based travel portals such as MakeMyTrip, EaseMyTrip and Cleartrip have also stopped promoting Turkey as a tourist destination, resulting in further decline. Advertisement === Following Turkey's open support to Pakistan, India took a slew of measures to downgrade ties with Eurasian country, including cancelling major business deals with Turkish firms. How Turkey supported Pakistan during Operation Sindoor? Turkey, along with China and Azerbaijan, was among the few countries that openly supported Pakistan during the recent India-Pakistan conflict, and also armed the Pakistani forces with advanced military drones like the Bayraktar TB2, which were actively used against Indian installations during Operation Sindoor. Following the conflict, Turkey has boosted its strategic and military ties with Pakistan, and is likely to offer its state-of-the-art ALKA-KAPLAN laser tank to Islamabad, which could pose a major threat to India as it would significantly boost the enemy's capability to counter Indian UCAVs, such as those used to target terrorist and military infrastructure in Pakistan during Operation Sindoor
