News: India is expected to harvest record production of pulses,oilseeds and coarse cereals in this year’s kharif season because of higher acreage under these crops so far despite the prediction of a deficient monsoon. Around 25 states and union territories (UTs) have put in place stock limits on pulses, onions and ...
Read More »Bosch plans to invest Rs 400 crores in Chennai facility
News: Home appliance major Bosch, is planning to spend Rs. 400 crores in its Chennai facility, which currently manufactures washing machines. Currently, front-loading washing machines are manufactured at the facility and it has a capacity to produce over 300,000 units a year, so the plan is to utilise the entire plant to ...
Read More »Jan Dhan gives government’s mission of financial inclusion a step forward as more people sign up
News: The government’s mission to provide a bank account for every household and social security schemes for the poor is slowly taking root, with more people signing up for them, improving the prospects of achieving financial inclusion. the share of bank accounts with a zero balance has fallen to about ...
Read More »Iran Deal and India- Geopolitics
News: The framework agreement between P5+1 States and Iran ended up in the following way: The ‘great powers’ finally reconciled to an Iranian bomb, albeit making it tougher for Iran to make the N-bomb in the future. In return, Iran was assured that it would be freed from the burdens ...
Read More »Iran Nuclear Deal and India – Economic Opportunities and Threats
News: July 14, after marathon negotiations, the world finally welcomed the nuclear deal between the Islamic Republic of Iran and the six world powers. The Joint Comprehensive Plan of Action is set to tear down the walls of almost a decade old sanctions on Iran, in a graded manner. Although ...
Read More »Iran seeks investments worth $8 billion to India
News: Iranian president Hassan Rouhani has asked India to spend in infrastructure projects worth $8 billion, including an expanded role in developing a strategic port that will open up access to Central Asia. With this deal it was a “golden time” for India to seize opportunities because of the two countries’ close relations and ...
Read More »Foreign contractors to build a super carrier for India
News: The Indian Navy has reportedly sent requests for proposals to four potential foreign contractors to assist it in constructing a state-of-the-art aircraft carrier. Contractors from Russia, the United States, France and Britain may take part in designing India’s new 65,000 metric ton aircraft carrier. The new carrier, which is ...
Read More »Huawei to set up a unit in Tamil Nadu
News: Huawei elecommunications (India) Pvt Ltd for setting up a unit for electronics/telecom hardware and support services including trading and logistics activities at SIPCOT Special Economic Zone, Sriperumbudur in Tamil Nadu. This could now help Huawei to manufacture telecom gear for the first time for the Indian market point which was ...
Read More »Solar power tariff touches new low of Rs 5.05
News: Mauritius-based Sky Power Southeast Asia Holdings has offered a tariff of Rs 5.051 a unit to the state government-owned MP Power Management Company. The highest rate of procurement was Rs 5.641 for 50 Mw from Hero Solar. Sky Power set a record by beating majors like Reliance, Adani, ACME ...
Read More »Boeing and TASL to jointly produce aerospace equipments
News: Boeing and Tata Advanced Systems ( TASL) have agreed to work together on manufacturing aerospace and defence equipment including unmanned aerial vehicles. The collaboration, which is in line with the government’s ‘Make in India’ initiative, will not only work in the domestic market but will also be for international ...
Read More »