Economy

News on Indian Economy

New Technology Enables Machining Of Superalloys Used In Jet Engines, Nuclear Reactors & Space Vehicles

The hybrid technique called Laser-Assisted Turning (LAT), that combines localized laser heating with mechanical cutting of such superalloys using tools coated with materials like tungsten carbide and CrAlSiN nanocomposite as well as the wear mechanisms of tungsten carbide cutting tools during the machining of IN625 superalloy, paves way for next-generation turbine blades, surgical tools, and high-performance automotive parts that are lighter, stronger, and more efficient.

Indigenously-Built 1 MW Green Hydrogen Plant Commissioned at Kandla Port by Shri Sarbananda Sonowal

Recalling the Prime Minister’s laying of the foundation stone for a 10 MW Green Hydrogen Plant during his visit to Bhuj on 26th May 2025, Shri Sonowal appreciated the swift execution of the project. The commissioning of the 1 MW module within just four months, as part of the larger 10 MW project, reflects a new benchmark for implementation in India’s green hydrogen ecosystem.

BSNL Soft Launches Quantum 5G FWA

“Quantum 5G FWA demonstrates how Indian engineers can create world-class connectivity. It is the first SIM-less, 100% home-grown customised 5G FWA for BSNL,” Shri Ravi said. “Hyderabad’s tech-savvy ecosystem makes it the perfect launch pad for our next-generation access portfolio. Today is only a soft launch—many more cities and feature upgrades will follow.”

Trade Connect E-platform For Exports Is Single Window, Fast, Accessible And Transformational: Shri Piyush Goyal

The Trade Connect e-Platform serves as a one-stop solution, providing exporters with near real-time access to critical trade-related information, while seamlessly connecting them to key government entities such as the Indian Missions abroad, Department of Commerce, Export Promotion Councils, and other trade experts. Whether a seasoned exporter or a new entrant, the platform is designed to assist businesses at every stage of their export journey. This e-Platform shall connect more than 6 Lakh IEC holders, over 180 Indian Mission officials, over 600 Export Promotion Council Officials, besides the officials from DGFT, DoC, banks etc.

Dot Simplifies Approval Processes For Telecom Licenses And Wireless Equipment

Department of Telecommunications (DoT) has introduced significant changes to the processes for issuing Experimental Licenses, Demonstration Licenses, and Equipment Type Approvals (ETA). These changes are part of its ongoing efforts to enhance ease of doing business in the telecom sector. These reforms are aimed at reducing delays and simplifying regulatory requirements, fostering innovation and streamlining operations for businesses and telecom operators.