Economy

News on Indian Economy

ISRO’s NavIC Set to be Commercialized by Antrix

NavIC (Navigation in Indian Constellation) is the Indian system of eight satellites that is aimed at telling business and individual users where they are, or how their products and services are moving. The indigenous positioning or location based service (LBS) works just like the established and popular U.S. Global Positioning System or GPS, but within a 1,500-km radius over the sub-continent.

How India Plans to Use Bangladesh’s Rivers to Unlock its Landlocked Northeast?

India’s northeast is a prisoner of geography. Landlocked and ring-fenced by neighbours such as China, Bhutan, Myanmar and Bangladesh, its lone land-based connection with the rest of India is narrow—the 22-km wide ‘chicken’s neck’ in Siliguri—and strategically speaking, easy to disrupt. This means the land-based networks of transport and trade, the lifelines through which goods, progress and prosperity flow, are limited, far-flung and congested.

Bullet Train Project on Fast Track! Pre-Construction Activity for Mumbai-Ahmedabad High-Speed Rail Picks Speed

NHSRCL, the implementing agency for India’s first HSR project, has decided to start construction work on the green zone (cleared land) by April 2020, with the tendering process having been initiated. Says Achal Khare, managing director of NHSRCL, a special purpose vehicle (SPV) set up by the Ministry of Railways and Gujarat and Maharashtra governments, “Pre-construction activity is in full swing. Shifting of utilities like cables, oil wells and other structures, apart from 25,000 trees, enroute the project corridor has been taken up on war-footing.”