Indian Development News 🇮🇳
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This week
-UK PM Boris Johnson on India visit
-Maurtius PM on India visit; will jointly inaugurate WHO Global Centre for Traditional Medicine along with PM Modi, WHO chief
-FM Sitharaman on Washington visit for IMF meet;will meet Sri Lankan FM

#ForeignAffairs
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Fertiliser subsidy likely to be double of FY23 #budget aim

Expect additional fertiliser subsidy outgo of about Rs 1 lakh cr in FY23.

#Agriculture
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🇮🇳🇲🇻| Indian Navy's Hydrographic Survey Ship INS Sutlej at Male, Maldives.

The visit is aimed at conducting Joint Hydrographic Survey in the area.

This will help Indian Navy and Maldives Navy in conducting various operations including submarine operations

#Defence #ForeignAffairs

@DevelopmentNewsIndia
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BRO To Build World’s Highest Tunnel To Connect Himachal Pradesh With Zanskar Valley In Ladakh

#Infra #Defence
https://ift.tt/IWlYfQD
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So it is official.
Lt Gen Manoj Pande, VCOAS becomes first engineer to be appointed as Army Chief. He will take over from Gen M M Naravane on 30 April 2022.
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From Sports to Health, India's development partnership with Maldives continues. India & Maldives today signed pacts for 7 new projects. Pacts signed between Indian envoy Munu Mahawar & Maldives FM Abdulla Shahid.

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#ForeignAffairs
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Govt registered highest-ever 1.67 lakh companies in FY22, up 8% YoY

Corporate Affairs Ministry registered over 1.67 lakh companies incorporations in FY22, an 8% YoY increase from 1.55 lakh companies incorporations registered in FY21. This is the highest number of company incorporations in a financial year till date. The Ministry said it has taken many initiatives for reducing the number of procedures, time and cost for starting a business in India.

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The Karnataka Cabinet has approved a new policy that aims to attract investments worth Rs 10,000 crore in the data centre industry, offering a slew of sops.

#DigitalIndia #IT
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#Karnataka Govt clears investment proposals worth Rs 11,500 crore in #SHLCC
Two #Lithium-ion cell units, including a plant by #Exide, to come up around Bengaluru.

🔗 Karnataka Development Index (@IndexKarnataka)

#MakeInIndia #Batteries #Energy
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Indian Development News 🇮🇳
Adani Green energy becomes 8th most valued firm fom 10th in just 2 days @DevelopmentNewsIndia
Adani Green Energy overtook the State Bank of India (SBI) on Monday to become the country's seventh most valuable company from 8th in just5 days

@DevelopmentNewsIndia
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Bahraich

Maharaja Suheldev Smarak is being built at a cost of ₹50 crores on the banks of Chittaura Lake

Spread over 125 Beegha, the Smarak will have:
🔸40 ft bronze statue of Maharaja
🔸Waterfront at lake
🔸Guest house, museum & herbal garden
Completion target ~ December 2022

🔗 The Uttar Pradesh Index (@theupindex)

#Infra #Heritage #Tourism
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The urban development reform schemes include modernisation of building bye-laws, transit-oriented development (TOD), allowing transferable development rights (TDR), preparation of local area plans and town planning schemes, creation of sponge cities by integrating blue and green infrastructure

#Reforms #Infra
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IMF Chief, Indian Finance Minister discuss Sri Lanka economic crisis; Indian FM calls on IMF to "support and urgently provide financial assistance to Sri Lanka", says Indian finance ministry statement

#InternationalNews
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CoinDCX doubles valuation to $2.15 bn, becomes India's most valuable crypto company

CoinDCX has raised $135.9 million in a funding round led by Pantera Capital and Steadview Capital. This led to its valuation being doubled to $2.15 billion in eight months to become the most valued cryptocurrency trading platform in India. CoinDCX plans to use its fund to increase its employees from 400 to 1000 by the end of next year.

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India has assured Mongolia, a neighbour of China, assistance to develop its space, telecommunications and energy sectors including expediting creation of an oil refinery.

Mongolia is the beneficiary of India’s single largest LoC for construction of $ 1.236 billion Oil Refinery Project in Dornogobi Province capable of producing 1.5 million MTA oil, roughly 3/4th of the country’s domestic consumption.

India is also assisting Mongolia build its railway and power infrastructure to help transport Mongolia’s mineral wealth, according to persons familiar with the development.

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#ForeignAffairs
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