News on Indian Economy
Shri Narendra Modi stated “Need, not greed has been our guiding principle. PM expressed that an ounce of practice is worth more than a ton of preaching. “In India, we are going to increase the share of non-fossil fuels to 175GW by 2022, and to further increase it to 450GW”, announced Shri Narendra Modi.
AAI’s stall at World Routes 2019 will showcase its various technologies and initiatives like GPS-aided Geo-Augmented Navigation (GAGAN) & Skyrev360 and exhibit the milestones achieved by AAI in various facets of Indian Civil Aviation Sector.
Global standards body 3GPP has approved India’s regional navigation system NaVIC, developed by Isro. (Represen…Read More
India and BLEU side reiterated the importance of the JEC towards the development of bilateral economic and trade relations through facilitating dialogue and enhancing cooperation on a wide range of issues of mutual interest, such as, transportation and logistics, renewable energy, aerospace and satellites, audio and visual industry, agro and food processing industry, life sciences, ICT, traditional medicine, Ayurveda and yoga, and tourism. The India and BLEU sides resolved that dynamic nature of commercial exchanges seen in the last few years is reflected in the increasing number of companies interested in establishing and gaining access to respective markets and signing of MoU among the three Countries for cooperation in multiple fields of mutual interest.
Asserting Indian Railways’ ‘Make-in-India’ approach, Railway Minister Piyush Goyal has recently said that India is “one amongst only 7 countries in the world which make their own train sets”.
The Rhino 5536 appears to be based on the same truck, however there is no confirmation on the same. The IPLT Rhino 5536 is powered by a 276kWh battery that drives an electric motor with a power output of around 483bhp.
Khandu emphasized that connectivity is the only bottleneck for a state which is rich in potential. He sought special attention of the Ministry in providing optimum railway connectivity in the state.
India’s spending on Research and Development (R&D) activities has been far less than 1% of the GDP for years, with the private sector chipping in less than half of investments. The Companies Act requires firms with a net worth of ₹500 crore, turnover of ₹1,000 crore or net profit of ₹5 crore or more to set aside 2% of their average net profits over the last three years towards ‘approved’ CSR activities.
Approved by the Geneva-headquartered World Trade Organization, a GI tag recognises the place of origin of a product and the specific qualities or means of production associated with it. Acting as a certification, it is a way of ensuring that similar products from elsewhere cannot be sold under this name.
“Electronics manufacturing is a 2 Trillion-dollar opportunity, globally, of which mobile alone is one fourth. Last year, Vietnam could export 133 Billion dollars-worth of electronics and electrical goods & equipment. As it is a very large opportunity, it requires very special attention,” Hari Om Rai, chairman at Lava International, told ET.
