Economy

Indian Scientists have developed a unique laser-based clad coating technology (LCCT) that provides improved protection to the boiler parts in thermal power plants. It can enhance life of boiler parts by 2- 3 times compared to currently use surfacing technologies. It has been found that this technology is suitable, not only for boiler parts of thermal power plants but also for any engineering application involving high temperature erosive and corrosive environment.     

EasyEcom, an omnichannel inventory management and e-commerce solution provider released a predictive analysis report on the state of e-commerce in India for the calendar year 2021. The report has been prepared post analysing the data around online sales during 2019 and 2020, according to a press release issued by the company.

“Indian startups have so far generated 65 unicorns out of which 28 have been created in 2021. This shows that there is improved activity in this space and a lot of investment from angel investors. A series of reforms have been unleashed. Diverse capabilities of Alternative Investment Fund (AIF) have been given more flexibility,” she told.

Finance minister Nirmala Sitharaman on Wednesday said India is “very close” to arriving at the specifics of the two-pillar taxation proposition A total of 130 countries had in July agreed to a overhaul of global tax norms to ensure that multinationals pay taxes wherever they operate and at a minimum 15 per cent rate.

According to two industry officials, India’s wheat exports in 2021 could four-fold from a year ago to the highest level in eight years as a march in global prices and higher freight costs make Indian wheat lucrative for Asian buyers, reported by Reuters.