India’s First Sand Dune Park to Come Up in Goa
Goa is set to be home to the country’s first sand dune park. The World Bank accepted the proposal of the Biodiversity Board of the state and has sanctioned a sum of 3 crores for the project.
Economy
News on Indian Economy
India’s First Seaplane to Take off in Gujarat on October 31
India’s maiden seaplane service is likely to take off from Sabarmati riverfront to the Statue of Unity on October 31 if all goes as per plans, Union Minister Mansukh Mandaviya said.
Taiwanese Cable Supplier to Soon Begin Manufacturing for Apple in India
India has been making efforts to attract smartphone makers such as Apple and Samsung through its production-linked incentive (PLI) scheme.
India to Allow Foreign Companies too to Make and Launch Satellites
India’s new space policy will not just open up the sector to private Indian entities but also encourage foreign direct investment and allow foreign companies to set up facilities in the country, department of space (DoS) secretary K Sivan said.
Defence Minister Dedicates BRO Road to the Nation in East Sikkim
Raksha Mantri Shri Rajnath Singh was in Sikkim to dedicate the 19.85 Km Alternate Alignment of the National Highway 310 from km 0.00 to km 19.350 to the Nation. Necessitated due to the previous alignment having seen extensive damages due to sinking and other natural hazards, the road serves as an important link to bolster defence preparedness in the Nathula Sector in particular and in whole of East Sikkim in general.
Made in India Supercomputers Likely by the End of the Year
As a part of the National Supercomputing Mission (NSM), India is planning to set up a slew of supercomputers across the country to form the National Knowledge Network (NKN).
India is the World’s Fastest Growing OTT Market
India is gearing to emerge as the world’s sixth-largest OTT (over-the-top streaming) market by 2024. The market is expected to grow at a CAGR of 28.6% over the next four years to touch revenues of US$ 2.9 billion.
BMW Launches its Largest Integrated Dealership in India
BMW India launched a new BMW Facility which is based on its NEXT concept. This new dealership will be integrated with both retail and service facilities. The new dealership is set up at Sun Pharma Road, Pramukh Swami nagar, Tandalja, Vadodara, Gujarat.
To Boost Shipbuilding in India, Ministry of Shipping Amends Right of First Refusal (ROFR) Rule
In pursuance of ‘Make in India’ policy of the Government of India, Ministry of Shipping has reviewed the ROFR (Right of First Refusal) licensing conditions for chartering of vessels/Ships through tender process for all types of requirements.
Covid Impact: Labour Automation, Digitisation Above Global Average
The study showed, “Businesses with operations in India are accelerating automation and digitisation above the global average. While 58% are accelerating automation of tasks, compared to 50% globally, as many as 87% are accelerating digitalisation of work processes, above the global average of 84%”.