News on Indian Economy
An inter-ministerial steering committee led by Niti Aayog chief executive officer Amitabh Kant has decided that only companies that meet the 50% localisation threshold will be eligible for the incentives that will be available under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-II) scheme to boost electric mobility as well as the ‘Make in India’ initiative.
Buhari was speaking at the Presidential Villa, Abuja, when he received Letters of Credence from the High Commissioner of India to Nigeria, Mr Abhay Thakur.
Vande Bharat Express is a luxury air-conditioned chair car train service that will eventually replace Shatabdi Express trains on the Indian Railways network.
Director of IIT Hyderabad, UB Desai said, “We are creating a unique educational ecosystem that combines interactive learning with cutting-edge research, strong industry collaboration, and entrepreneurship. This pact with Terra Drone Corporation and Terra Drone India is a step in that direction.” “We are especially excited about developing drone-based solutions for domains like 5G communication, agriculture, transportation and AI,” he said.
It said a stricter regulatory and enforcement mechanism is being worked and the issue of the reopening the trade routes will be revisited once they are implemented.
“We are one of the rare companies building expertise in both solid and cryogenic propulsion,” Chandana, CEO of Skyroot Aerospace told ET. “Solid propulsion is the cheapest option for small launchers and cryogenic propulsion is complex, but provides the best efficiency and is highly scalable for larger vehicles.”
The Central Railway may soon adopt a modern technology called light detection and ranging (LIDAR) technology in order to detect track fractures and faults at the click of a button.
In a world where pollution caused by textiles is a major threat, a brand specialising in eco-friendly fabrics claims it can be a better option for the environment
Alstom will equip Mumbai Metro lines and Pune Metro lines with the communications-based train control (CBTC) technology.
Although the India-China trade deficit registered a marginal decline a couple of times over the past 10 years, the fall has never been as much as seen in 2018-19.
It has narrowed on the back of India’s growing exports and contracting imports: While exports grew 30 per cent between 2017-18 and 2018-19 to $17 billion, imports contracted by 9 per cent to $70 billion.
