he signing of the landmark Riyadh Declaration during the visit of Indian Prime Minister Dr. Manmohan Singh to Riyadh in 2010 raised the bilateral relationship between India and the Kingdom to a strategic partnership. The partnership covers security, economic, defense, and political areas and was perhaps the starting point in structured bilateral defense cooperation between India and Saudi Arabia.
Investment in upskilling has potential to boost the global GDP by $6.5 trillion by 2030, including by $570 billion (over ₹40 trillion) in India alone—the third highest after China and the US, a WEF report showed on Monday.
The National Institute of Ocean Technology (NIOT) has developed a bio-plastic film using marine seaweed and PEG-3000 which could have a huge impact on limiting the usage of non-biodegradable plastics and a game-changer in the plastic industry. Bio-plastic films safely breakdown in the environment without leaving any toxicity. The physical and mechanical properties of bio-plastic film meet the properties of conventional plastics.
Indian startups are estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said. Even though the total investment received in 2020 is lower than that of 2019 ($14.5 billion), the number of deals were higher by 20%, the report said.
The International Monetary Fund (IMF) on Tuesday projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic.
Admiral (Retd.) D K Joshi, the Lieutenant Governor of Andaman and Nicobar Islands, on Tuesday flagged-off fleet of electric buses. The project for 40 electric buses is being executed by NTPC Vidyut Vyapar Nigam Limited(NVVN Limited), a 100% subsidiary of NTPC Limited, a PSU under Ministry of Power, Government of India.
Ahead of the Republic Day celebrations, the Government has an all-new website to honour the bravehearts who laid down their lives/ fought bravely for the country against all odds. The colourful website – https://www.gallantryawards.gov.in/ – was launched by Defence Minister Rajnath Singh at an event in the national capital.
The Vice President, Shri M. Venkaiah Naidu today praised the DRDO scientists and engineers for taking India very close to self-reliance in missile technology with their hard work, dedication and perseverance. “Attaining self-reliance in the defence sector is not only of critical or strategic importance for the country, but is also essential in terms of national pride”, he said.
Ease of Doing Business for MSMEs: Importantly, the biggest jump in defence procurement from MSMEs was recorded between FY18 and FY19 with order value witnessing a massive increase of 210 per cent from Rs 555 crore worth goods purchased on the GeM platform to Rs 1,725 crore during the said period.
Apart from this, the Army variant of the Light Utility Helicopter (LUH) is scheduled to receive its Initial Operational Clearance (IOC) at the Aero India. Last September, it completed all tests and also demonstrated its high-altitude capability in hot and high weather conditions.
