Finance

HIGHLIGHTS OF THE UNION BUDGET 2022-23

India’s budget for 2022-23 released by Honourable Finance Minister Smt. Nirmala Sitharaman. India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies. The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience: Nirmala Sitharaman […]

Foreign Relations

Second India-EU Maritime Security Dialogue held

India and the European Union held their second maritime security dialogue in a virtual format on 1 February 2022. The consultations included developments in the maritime security environment, policy developments covering the EU strategy for cooperation in the Indo-Pacific and India’s Indo-Pacific Oceans’ Initiative, India-EU maritime cooperation, and regional initiatives to address international maritime security issues. […]

Technology

New materials that can make computers more efficient

Prof. Mayank Shrivastava from IISc Bangalore, a recipient of Swarnajayanti fellowship 2020-21, is working on applications of emerging materials that can help computers mimic functions that the brain can perform rapidly. It can help computers perform cognitive functions, identify people from a crowd, distinguish smell as well as learn and take decisions. […]

Technology

Center of Excellence in Affordable and Clean Energy at IITD

A virtual function was held to mark the launch of the Global Center of Excellence in Affordable and Clean Energy (GCoE-ACE) at the Indian Institute of Technology, Dharwad (IITDh), Karnataka on Friday, 28th January 2022 in the presence of, Prof. K. VijayRaghavan, Principal Scientific Adviser, Government of India. […]

Foreign Relations

India Russia hold consultations on UNSC issues

Bilateral consultations on United Nations related issues were held between India and Russia in New Delhi on 31 January 2022. The Indian delegation was led by Smt. Reenat Sandhu, Secretary (West) in MEA, while the Russian delegation was led by H.E. Ambassador Sergey Vasilyevich Vershinin, Deputy Minister of Foreign Affairs (DFM) of the Russian Federation. […]

Foreign Relations

India-ASEAN Digital Work Plan 2022

India-ASEAN Digital Work Plan 2022 approved at 2nd ASEAN Digital Ministers (ADGMIN) meeting; ‘ICTs strengthen democratic systems and institutions through enhanced engagement between citizens and the state’: Shri Devusinh Chauhan […]

General

BS-VI gives way for CNG/LPG Engines

Draft notification issued which proposes to allow modification by way of retro fitment of CNG and LPG kit and replacement of diesel engines with CNG/LPG engines in case of Bharat Stage( BS-VI) vehicles less than 3.5 tonnes […]

Foreign Relations

3T medicines reach Afghanistan

As part of our ongoing humanitarian assistance, India supplied the fourth batch of medical assistance consisting of 3 tons of essential life saving medicines to Afghanistan. The same was handed over to the Indira Gandhi Hospital, Kabul. […]

Agriculture & Commodities

India-Israel to enhance cooperation in agri sector

Israeli Ambassador to India Shri Naor Gilon called on the Union Minister of Agriculture and Farmers Welfare Shri Narendra Singh Tomar at Krishi Bhawan on 27th January 2022. Welcoming the Ambassador, Shri Tomar congratulated him on taking over as the Ambassador of Israel to India. Shri Tomar expressed happiness on the completion of 30 years of diplomatic relations between India and Israel. The Minister expressed satisfaction at the functioning of 29 Centers of Excellence in 12 States which are producing more than 25 million vegetable plants, over 387 thousand quality fruit plants and can train more than 1.2 lakh farmers per year. […]

Foreign Relations

India – UK FTA Round 1 Complete

the Republic of India and the United Kingdom concluded the first round of talks for an India-UK Free Trade Agreement (FTA). Both sides acknowledge the importance of ensuring this first round – held virtually over 2 weeks – could proceed despite the challenges presented by the COVID pandemic. […]

Foreign Relations

BrahMos signs contract with Philippines

BrahMos Aerospace Private Limited (BAPL) signed a contract with the Department of National Defence of the Republic of Philippines on January 28, 2022 for supply of Shore Based Anti-Ship Missile System to Philippines. The BAPL is a joint venture company of the Defence Research and Development Organisation. The contract is an important step forward for Government of India’s policy of promoting responsible defence exports. […]

Technology

India US discuss on space radiation environment

Domain experts and students from India and the USA discussed issues ranging from characterizing the space radiation environment to astrobiology and the application of artificial intelligence and machine learning tools in it at the Indo-US Workshop on “Space Radiation Workshop: Radiation Characterization from Sun to Earth, Moon, Mars and Beyond” held from 24 – 28 January 2022.tec […]

Business

PLI Scheme for Textiles extended

Ministry of Textiles has extended the timeline for submission of applications under the PLI Scheme for Textiles till 14.02.2022. Earlier the date of submission of online application under PLI Scheme for Textiles was upto 31st January 2022. […]

Foreign Relations

India-Central Asia Virtual Summit held

Prime Minister Shri Narendra Modi hosted the first India-Central Asia Summit in virtual format on 27 January 2022, which was attended by Presidents of the Republic of Kazakhstan, Kyrgyz Republic, Republic of Tajikistan, Turkmenistan and Republic of Uzbekistan. This first India-Central Asia coincided with the 30th anniversary of establishment of diplomatic relations between India and Central Asian countries. […]

Agriculture & Commodities

Beekeeping National Level Conference held

National Level Conference on Beekeeping Sector held; National Beekeeping & Honey Mission (NBHM) aims to create a network of honey testing labs covering all parts of the country; NAFED is creating 65 FPOs of beekeepers/ Honey Processors […]

General

Padma Awards 2022 announced

This year the President has approved conferment of 128 Padma Awards including 2 duo case (in a duo case, the Award is counted as one) as per list below. The list comprises 4 Padma Vibhushan, 17 Padma Bhushan and 107 Padma Shri Awards. 34 of the awardees are women and the list also includes 10 persons from the category of Foreigners/NRI/PIO/OCI and 13 Posthumous awardees. […]

Technology

Ministry of Electronics & IT releases 2nd Volume of Vision Document on Electronics Manufacturing

Ministry of Electronics and Information Technology, in association with ICEA, released a 5-year roadmap and Vision Document for the electronics sector today, titled “$300 bn Sustainable Electronics Manufacturing & Exports by 2026.” This roadmap is the second volume of a two-part Vision Document – the first of which titled “Increasing India’s Electronics Exports and Share in GVCs” was released in November 2021. […]

Business

CCI imposes penalty on maritime transport companies for indulging in cartelisation

The Competition Commission of India (‘CCI’) passed a final order against four maritime transport companies namely Nippon Yusen Kabushiki Kaisha (‘NYK Line’), Kawasaki Kisen Kaisha Ltd. (‘K-Line’), Mitsui O.S.K. Lines Ltd. (‘MOL’) and Nissan Motor Car Carrier Company (‘NMCC’) for indulging in cartelisation in the provision of maritime motor vehicle transport services to automobile Original Equipment Manufacturers (OEMs) for various trade routes. Amongst these four companies, NYK Line, MOL and NMCC were lesser penalty applicants before CCI. […]

Finance

Generali acquires shares in Future Generali Insurance

The Competition Commission of India (CCI) approves acquisition of shares of Future Generali India Life Insurance Company Limited (FGLIC) by Generali Participations Netherlands N.V (GPN), pursuant to which GPN’s shareholding in FGLIC will stand increased from 49% to upto approx. 71%. […]

Business

ODOP sees success in J&K

‘One District One Product’ (ODOP) initiative of Centre churning big success stories in J & K, North East , Uttar Pradesh; Department for Promotion of Industry and Internal Trade (DPIIT) holds State Conference to promote ‘One District One Product’ (ODOP) Initiative […]

Business

Goyal aims for 75 unicorns on the day of 75th Anniversary of Independence

“Let us aim for atleast 75 unicorns in the 75 weeks to the 75th Anniversary of Independence”: Shri Piyush Goyal; calls upon Startups to leverage ” Deep Tech ” to build solutions for local & global markets, – AI, IoT, Big Data, Data Analytics, Blockchain, Virtual Reality, 3D Printing, Drones, etc […]

Foreign Relations

PM Modi & Mauritius Premier jointly launch Social Housing Units in Mauritius

Prime Minister Shri Narendra Modi and the Prime Minister of Mauritius, Mr. Pravind Kumar Jugnauth, today jointly inaugurated the Social Housing Units Project in Mauritius. This project has been implemented as part of the vibrant development partnership between India and Mauritius […]

General

BrahMos with enhanced capability test-fired

BrahMos supersonic cruise missile, with increased indigenous content and improved performance, was successfully test-fired from Integrated Test Range, Chandipur off the coast of Odisha at 1030 hrs on January 20, 2022. The launch was conducted by Brahmos Aerospace in close coordination with the teams of Defence Research and Development Organisation (DRDO) […]

Finance

Exchange Rates w.e.f 21 Jan 22

The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion of each of the foreign currencies for the purpose of the said section, relating to imported and export goods. […]

Foreign Relations

India – Sri Lanka look towards new areas in Tech collaboration

India and Sri Lanka extended the existing S&T cooperation for 3 more years, with focus on new areas like waste-water technologies, biotech, sustainable agriculture, aerospace engineering, robotics, big data analytics, and artificial intelligence, as well as industrial collaborations at the India-Sri Lanka 5th Joint Committee on S&T Cooperation […]

Foreign Relations

I4F to expand its scope of investments

Experts from India and Israel deliberated on widening the scope of India-Israel Industrial R&D and Technological Innovation Fund (I4F) at its 8th Governing Body meeting. They approved 3 joint R&D projects worth 5.5 million $ and suggested measures to create a broader India-Israel collaborative ecosystem. […]

General

Cabinet infuses 1500Cr in IREDA

Cabinet approves infusion of Rs.1,500 crore in Indian Renewable Energy Development Agency Limited (IREDA);Employment generation of approximately 10200 jobs-year and CO2 equivalent emission reduction of approximately 7.49 Million Tonnes CO2/year […]

Foreign Relations

1st India-Central Asia Summit held

Prime Minister Shri Narendra Modi will be hosting the first meeting of the India-Central Asia Summit, with the participation of the Presidents of Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan and Uzbekistan on 27 January 2022 […]