News on Indian Economy
Though the south runway began with limited operations, it will gradually scale up flight operations. The runway will initially have CAT I certification, and, as operations stabilise, will progressively manage CAT III B operations, enabling landing and takeoff in extremely low visibility conditions. The new runway will be coded RWY 09R/27L, while the existing runway will be renamed RWY 09L/27R (from RWY 09/27).
Responding during Question Hour, Commerce Minister Piyush Goyal said the government has brought a lot of “sanity” to the working of eight areas of IPR, be it patent, copyright or trademark.
The proposed IIS will be established in PPP mode. These proposed IISs will have state-of-the-art skill centres conceptualized to bring in best-in-class infrastructure and facilities to meet the aspirations of students who enter the skill learning domain directly after class X/XII (like ITI & diploma courses) instead of the traditionally preferred pathway of higher education.
Gen VK Singh said increased industrial activities have supported the overall growth of the transport sector, adding that the Government’s policy of increasing private participation has yielded positive results, with India becoming the world’s second largest road network of 5.8 million km.
After having banned banks from extending any services to crypto entities, the Reserve Bank of India (RBI), on Thursday (December 5), said that it is planning to develop India’s own digital currency in India.
“We look forward to cooperating with Russia in the Arctic Council and we are actively discussing potential areas of cooperation including in the sphere of energy security, scientific exploration and research and connectivity. We will explore the possibility of establishing connectivity between the Arctic Region and INSCTC,” Verma said in his address at the IX International Forum ‘Arctic: Today and the Future”.
The government is trying to promote jute manufacturing units by 100% mandatory packaging of food grains procured by State Procurement Agencies/FCI in jute bags.
Tata Lockheed Martin Aerostructures Limited chief operating officer Abhay Paranjape told Telangana Today, “Our goal is to be ready with the first F16 wing by October next year. We are going to make the wings in the existing facility. We are building the prototype now and once we build and prove it, we will go for bidding for orders. We will have a capacity to make 3-4 wings a month in the steady state. We have already completed the 3D modeling for the F16 wings.”
The core catcher or core melt localisation device (CMLD) will localise and cool the molten core material in case of an accident in the nuclear power reactor.
The objective is to establish strong air connectivity and to boost the tourism sector, the Ministry said in a Press communication, adding that under the UDAN 4.0 scheme MoCA is also providing additional VGF of around 25% extra to the airlines.
