News on Indian Economy
By 2025, the digital advertising industry in India is estimated to cross the Rs 50,000 crore (US$ 7.15 billion) mark supported by faster internet adoption, proliferation of smartphones on the back of cheap data plans and technology advancement, according to a report by Dentsu Aegis Network (DAN), a global ad and marketing services group.
“The detailed project report on the national mission on quantum technology and application is being written. The mission will have components on basic research, product development and applications,” Urbasi Sinha, a scientist at Raman Research Institute (RRI) and one of the members of the panel preparing the report, told DH.
The plant, which is an export-oriented unit, will be positioned to showcase the ‘Make in India’ capabilities of Uttar Pradesh, especially in the defence manufacturing sector.
“Our bilateral trade turnover grew by 18.1 per cent in 2018-2019 to reach $13.9 billion and has so far grown by 7.05 per cent in the first eight months of 2019-2020.
Government of India is providing Rs 10,500 crore (US$ 1.50 billion) worth of viability gap funding for laying pipeline in Eastern and North-Eastern India.
In 2019, private equity and venture capital investments in India reached an all-time high in terms of both value and volume. In terms of value, investments increased at 28 per cent to US$ 48 billion, compared to US$ 37.4 billion recorded in 2018.
India and Russia are exploring possibility of joint development of IT and related products for third country exports.
The magnificent structure has one central hall and eight secondary halls is spread across 30 acres and can accommodate 100,000 practitioners at one go, making it the largest closed structure meditation centre in the world. The meditation centre when lit up at night looks resplendent and can easily match the grandeur of other popular global structures such as the Sydney harbour.
Nippon Telegraph and Telephone, a Japanese tech major said that it plans to invest a significant part of its US$ 7 billion global commitment for data centres business in India over the next four years.
India gained 4% year-on-year on its score on the World Bank study of women, business and law (WBL) 2020. The country scored 74.4 out of the perfect score of 100 on the WBL Index. The World Bank study analyses laws and regulations affecting women’s economic opportunity in 190 economies across the eight indicators – mobility, workplace, pay, marriage, parenthood, entrepreneurship, assets and pension.
