Bengaluru: The government has set a goal to reduce imports of defence equipment by $2 billion by 2022. For this indigenous manufacture of defence, equipment is being encouraged. 137 projects for defence equipment manufacture, with a cost outlay of $37 billion have been approved between 2016 and 2019. Defence Minister Rajnath Singh said that if […]
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New Delhi: A major decision was announced in the Union budget, strengthening the insurance sector. The Foreign Direct Investment (FDI) limit for the insurance sector increased from 49% to 74%. Since the last few years, demand was being made that the FDI limit in the insurance sector should be raised. The decision is welcomed by […]
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New Delhi: The latest technology in the world is being promoted to build affordable houses for the low and middle class. The Prime Minister inaugurated the Light House Project under the Global Housing Technology Challenge for this purpose. Different advanced techniques from the global construction sector will build thousands of houses each in six cities. […]
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Bengaluru: – Following the Indian government’s decision to open the space sector to the private sector, there is a massive response to the proposal to invest in the industry. The Indian National Space Promotion and Authorisation Centre, the controlling institution for space, has received varied proposals starting from building a ground station to making launch […]
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New Delhi: – The Union Government approved the National Security Directive for the telecom sector, on Wednesday. Under this, the government will be preparing a list of secured and trustworthy suppliers and sellers of telecom equipment. Also, some companies from the telecom equipment sector will be blacklisted. Ravishankar Prasad, Minister for Information and Broadcasting, made […]
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Tehran: – Cyberattacks were launched on the port and banking sector linked to the Iranian government. Iran has confirmed the cyberattacks. But Iran avoided naming any country or organisation for these cyberattacks. Since the last few months, there has been a spate of suspicious blasts and fires in Iran. Surprisingly, Iran has not accused anyone […]
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New Delhi: India has invited US companies to develop key natural gas facilities. On Thursday, the United States and India held a ‘Strategic Energy Partnership’ discussion via video conference. At the time, Union Petroleum Minister, Dharmendra Pradhan, invited the US companies in the presence of US Ambassador to India, Kenneth Juster. Moreover, the US ambassador […]
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New Delhi: Union Petroleum Minister, Dharmendra Pradhan announced that in the next five years, 50% of the petrol pumps, in the country, will operate on solar power and the work has already started to achieve the goal. He was speaking at the International Solar Alliance (ISA)summit. Stress is being given on the use of green […]
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Beijing: The Chinese banking sector is suffering a knockdown as the debt is on the rise amid Covid pandemic phase. It is being said that in the first half of 2020, five major Chinese banks faced a 10% drop; they suffered a loss worth $220 bn. This factor will greatly affect the Chinese economy, and […]
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New Delhi: – India and Russia will be starting a shipbuilding enterprise in collaboration. At the same time, both the countries will be making efforts to increase cooperation in the marine sector by starting the International North-South Transport Corridor (INSTC) and Vladivostok-Chennai Shipping Link (VCSL). It has also been revealed that India is planning to […]
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