News on Indian Economy
Government in the last three years i.e. from 2016-17 to 2018-19 and till December, 2019, has accorded Acceptance of Necessity (AoN) to 138 proposals worth Rs. 2,69,465.26 crore approximately, under these categories of Capital Procurement which promote domestic manufacturing as per DPP-2016.
Indian automaker Mahindra & Mahindra became the latest global carmaker to start operations in East Africa’s richest economy as the company started assembling two of its small commercial trucks in Kenya, it said on Monday.
“The surge in equity scheme inflows is very heartening to see. People have bought more, even as the market has dipped. There’s buying in both large and mid-cap funds, quite contrary to the notion that large cap is not delivering value and hence avoided by investors,” said Mr Swarup Mohanty, CEO, Mirae Asset Mutual Fund.
“Four AAI airports — Chandigarh, Mangaluru, Trivandrum and Lucknow — have been adjudged the best in the world in recently announced 2019 ASQ awards. These airports won 10 awards in four categories,” Airports Authority of India (AAI) said in a release on Monday.
The biennial civil aviation and aerospace event Wings India 2020 began in Hyderabad on Thursday with some major announcements that continue to show the city as the preferred destination for aerospace and defence industry from across the globe.
Jio has developed its own 5G and other technologies, to cut costs and reduce dependence on foreign vendors.
The renewables developer has built the 250MW PV array in Karnataka on behalf of Finnish utility Fortum
Ambassador Juster’s visit to the impressive 4,700 square-meter Tata-Lockheed Martin facility marks the 10th anniversary of this partnership and highlights the importance of the growing defence ties between the US and India.
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.
