India Govt IT Spending to Grow 9.4% in 2021: Gartner
According to Gartner forecast on Tuesday, government IT expenditure in India is estimated at US$ 7.3 billion in 2021, an increase of 9.4% YoY.
Economy
News on Indian Economy
Bharat Heavy Electricals Limited Hands Over 100th Battery to ISRO for Chandrayaan-3
Bharat Heavy Electricals Limited (BHEL) on Friday announced that it supplied 100th space-grade battery to the Indian Space Research Organisation (ISRO). This will be used for the Chandrayaan-3 mission which is scheduled for 2022, which aims to put the rover on the moon for in-situ studies.
National Highways Construction Pace Touches Record 34 Km/day
The pace of construction of national highways has touched a record 34 km a day, the government said on Monday. This is almost three times the rate of highways construction at about 12 km per day in 2014-15.
BHEL Secures First Ever Overseas Solar Project
BHEL said in a statement that the project will be established on an Engineering, Procurement, and Construction (EPC) basis at Tamarind Falls, Henrietta (Phase II), Mauritius.
Bill to Increase FDI in Insurance Sector Gets Parliament’s Nod
On Monday, the parliament approved a bill to increase foreign direct investment (FDI) in the insurance sector from 49% to 74%. Union Minister for Finance and Corporate Affairs, Ms. Nirmala Sitharaman, who is piloting the Bill, stated that increasing the FDI limit in the insurance sector will support insurers in boosting additional funds and overcoming financial issues.
INR. 57,078.22 Lakh (US$ 78.73 million) Disbursed Under Atal Pension Yojana Till February 2021
The Government has made a co-contribution amount of Rs. 57,078.22 lakh (US$ 78.73 million) disbursed till February 2021 under Atal Pension Yojana, this was stated by Mr. Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today.
India Supplies Second Shipment of Equipment to Iran’s Chabahar Port
India has supplied the second shipment of equipment to Chabahar port in Iran, Union Minister Mansukh Mandaviya said on Monday.
CPWD to Lay Three Roads on China Border in Ladakh
The CPWD floated one tender on March 12 and two on March 19 and set the date for opening of bids as April 8 and April 15 respectively. The single-lane road project of 10.22 km length till the Shilung La base was estimated to take 42 months and cost ₹93.80 crore, according to the tender document.
India First Asian Country to Join International Pulsar Timing Array with uGMRT
Observations made by Pune-based upgraded Giant Metrewave Radio Telescope (uGMRT), operated by TIFR – National Centre for Radio Astrophysics (NCRA), will be used along with the data gathered by some large radio telescopes located in Europe, America and Australia.
Govt Plans Scheme for Companies Making Display Units in India
Following the announcement of incentive schemes for mobile and IT hardware manufacturing, the government now is considering a major scheme for establishing display fabrication units in India. The Ministry of Electronics and Information Technology (MeitY) has requested expressions of interest (EoIs) from organisations interested in establishing LCD/OLED/AMOLED/QLED-based display fabrication units in India.