Hon’ble Prime Minister launched PM GatiShakti NMP for multi-modal connectivity on 13th October, 2021. Implementation framework includes Empowered Group of Secretaries (EGOS), Network Planning Group (NPG) and Technical Support Unit (TSU) with required technical competencies.
India Inc salaries are anticipated to see a median salary rise of 9.3% in 2022 – rendering to an average salary rise of 8.8% — as compared to the actual median salary rise of 8% (average salary rise of 7.4%) in 2021, according to the latest Salary Budget Planning Report by Willis Towers Watson.
Amid the ongoing border dispute with China, the Indian Army has made integrated defence locations along the Line of Actual Control (LAC) in Arunachal Pradesh as the Chinese People’s Liberation Army has enhanced military exercises across it. These integrated defence locations is a mechanism in itself at various places across the LAC. It comprises complete communication, surveillance, operations and logistics system.
The first meeting of a working group to discuss cooperation on integrated full electric propulsion systems for warships will be held in Mumbai during the visit by the UK carrier strike group led by the HMS Queen Elizabeth.
As reported in the same news item this could be the conspiracy to malign the image of India as a reliable suppliers of quality rice to the world. The experts in India both from Genetic Engineering Appraisal Committee (GEAC) and Agricultural experts from IARI and other rice experts in India are however, investigating the matter but re-confirming that commercial GM variety of rice is not grown in India.
The medicine called Mastirak Gel, developed by National Innovation Foundation (NIF) has been commercialized through the industry partner Rakesh Pharmaceuticals. It can be purchased at medical stores supplying veterinary medicines in various parts of the country.
According to a report titled ‘Travel market in India,’ published by RedCore – RedSeer’s unit which focuses on early stage companies, the travel market in India, which was worth about US$ 75 billion in FY20, is projected to cross US$ 125 billion by FY27.
Researchers at Indian Institute of Technology (IIT) Madras have successfully developed a white light emitter for use in LEDs. The development of energy-efficient Light Emitting Diodes or LEDs replaced the energy-inefficient incandescent lamps in lighting and display applications. While LEDs have been available in almost all colours, white LEDs are a more recent development.
RakshaMantri ShriRajnath Singh launched Web Based Project Monitoring Portal (WBPMP)for Military EngineerServices (MES) at New Delhi on 20th October 2021. The portal conceptualized in accordance with the Digital India Mission of the Union Government, has beendevelopedby Bhaskaracharya National Institute for Space Applications and Geo-informatics (BISAG-G).
Indian startups received record funding in Q3 of CY21, with investment totalling US$ 10.9 billion through 347 deals, it is the first-time investments in a quarter that funding have crossed the US$ 10 billion mark, as per the PwC India. This was double the amount of funding received in Q3CY20 and was up ~41% over the Q2CY21 figure, stated the outcomes of the report titled ‘Startup Perspectives-Q3CY21’. The growth in funding activity was observed across all sectors, both in terms of value and volume.
