News on Indian Economy
There are various ongoing initiatives and programs of the Indian government to fight the cybersecurity challenges, which have significantly added to the creation of a platform that is now capable of supporting and sustaining the efforts in securing cyberspace.
Blockchain technology, which is being used extensively in safe transactions, data security, and a few other applications, is now being deployed in space. And Accubits, a startup based in Thiruvanthapuram, Kerala, has taken the lead. The developers claim that they are all set to launch the world’s first blockchain satellite, called Chainsat.
A press release said that the oldest large-scale fertiliser manufacturer in India has crossed ‘seven digit’ production and sales mark after a gap of 19 years.
Rolls-Royce Power Systems, a subsidiary of the company, and Pune-based vehicle manufacturer Force Motors in March 2018, started a joint venture to manufacture Rolls-Royce’s engine brand MTU and 12-cylinder Series 1600 units, which are used in power generation and rail underfloor applications. The company has earlier said Force Motors will hold a 51 per cent and Rolls-Royce Power Systems a 49 per cent stake.
W&S is now on the way to becoming the first foreign company to set up a plant in India for the civilian market under Centre’s ‘Make in India’ initiative.
Flying cars are no longer a fairy tale. They are a reality now with the Netherlands based PAL-V International BV, which is engaged in the development of the world’s first commercial personal land air vehicle, gearing up to deliver flying cars to its customers and herald a new chapter in mobility.
Nitin Gadkari, said that policy simplification by the Government has resulted in an increased number of women entrepreneurs in the country. He stated that there are around 80 lakh women entrepreneurs in the MSME sector and there has been an increase of about 38% in enterprises under Prime Minister’s Employment Generation Program (PMEGP) being established by women entrepreneurs in last 5 years.
Shri Kulaste stated that the Indian Railways today is the second largest transportation network in the world and the sector is still progressing towards further growth and development.
Breaking other commonly-held misconceptions and stereotypes, the survey found that women are actively embracing independence in personal finance matters, aided by ease of access to such information through digital channels.
It is essential for manufacturing firms to first understand and then embark on digital transformational journey.
