Lucknow to Get its 2nd Largest Park
Lucknow Development Authority will build a grand park on 160-acre land in Vasant Kunj near SGPGI.
Economy
News on Indian Economy
Strong Rupee, Lower GDP Likely to Lower India’s Inflation to 4.1 Per Cent in FY20: ADB
India will be the main driver to lower the inflation for the South Asian region, ADB said in a supplement Asian Development Outlook (ADO) 2019.
How An In-House e-Commerce Platform has Revolutionised Government Procurement
Few notions among those who do business in India are perhaps as pervasive and deeply
Two Strategically Important Bridges Near IB Inaugurated
The bridges, near the International Border, have been built under Project Sampark, braving Pakistani shelling and weather vagaries during the monsoon season, officials said. The 1,000-metre Ujh bridge in Kathua is the longest constructed by the Border Roads Organisation and it uses the precast segment technology, a defence spokesman said.The 617-metre Basantar bridge in Samba has been built at a cost of Rs 41.7 crore on Rajpura–Madwal–Pangadur–Phulpur road over Basantar river.
India Plans to Utilize Compressed Biogas as Alternative Green Transport Fuel
Biofuels in India are of strategic importance as they help in tackling pollution levels and augur well with the government’s ongoing initiatives, such as Make in India, Swachh Bharat Abhiyan, and Skill Development. Keeping this in mind, in May 2018, the central government cabinet approved the National Policy on Biofuels – 2018.
Trade Point Planned at India-China LAC
Dumchelle is in Southern Ladakh, and is strategically located between Chushul , one of the five designated Border Personnel Meeting (BPM) meeting points between the Indian and Chinese armies, and Demchok in Southern Ladakh. The two other recognised trading points with China are Lipulekh in Uttrakhand and Nathu La in Sikkim. Predetermined, locally made items are traded through these points with an aim of boosting the local economy.
US Firm Identifies 200 Potential Indian Defence Partners
India is now a “major defence partner” of the US and the two countries are in talks on the “Industrial Security Annex” that will guide the sharing of technology with private entities. India has also been changing its defence procurement policy to assist defence manufacturing in India.
Defence Export Authorisation Touched ₹ 10,745 Cr in 2018-19 – Make in India: Report
Due to several measures taken to enhance ease of doing business in exports by reforming export permission processes and developing a completely end-to-end online portal for receiving and processing authorisation permissions, the time taken for authorisation has reduced to less than 50 per cent of the time taken in 2017-18
12 New Routes Under UDAN Scheme have Become Functional Recently: Aviation Ministry
2 routes under the Regional Connectivity Scheme (RCS) UDAN have recently become functional. This takes the total operational routes under UDAN to 186 (including 8 Tourism RCS routes) of the total 706 sanctioned Routes,
S.African Council to Collaborate with Indian Defence Industry
Following his visit to New Delhi, South African Aerospace Maritime and Defence Export Council (SAAMDEC) CEO Sandile Ndlovu said a successful breakthrough has been agreed upon to achieve this collaboration.