India is home to over 63 million MSMEs, employing 111 million people, and contributing nearly 30 per cent of the country’s GDP; Here's how the sector is likely to fare in 2023.

https://www.thehindubusinessline.com/opinion/columns/statistalk/how-msmes-are-stepping-into-the-new-year-with-optimism/article66334100.ece

#India #Economy

Government is studying the feasibility of having dedicated industrial parks for space technology and manufacturing, a priority sector for it.

#MakeInIndia #Space

https://mybs.in/2cBW81m

"Today, there is a lot of transparency in satellite pictures. If we see who moved the forces to the border areas FIRST, I think the record is very clear. So, it is very difficult for China to say what you have suggested they could": Jaishankar To Austrian News Channel

#ForeignAffairs

“BRO is the nation’s bro (brother)” says Rajnath Singh

https://www.financialexpress.com/defence/bro-is-the-nations-bro-brother-says-rajnath-singh-28-projects-dedicated-to-the-nation/2935444/?utm_source=Telegram

#Defence

India govt to take final call on selling wheat in open market in 10 days - sources

https://www.reuters.com/markets/commodities/india-govt-take-final-call-selling-wheat-open-market-10-days-sources-2023-01-03/

#ForeignPolicy #Geopolitics

Coffee ☕ Export From India Rose Almost 2% to 4 Lakh tonne.

Coffee shipments from India, Asia's third-largest producer and exporter, rose 1.66 per cent to 4 lakh tonne in 2022 on rise in instant coffee exports and re-exports.
☕
#Trade

India aims for $17 billion cut in food, fertiliser subsidies in 2023/24: Report.

Food and fertiliser subsidies alone account for about one-eighth of India's total budget spending of 39.45 trillion rupees this fiscal year.

#India #Economy

https://www.moneycontrol.com/news/economy/policy/india-aims-for-17-billion-cut-in-food-fertiliser-subsidies-in-202324-sources-9806611.html

India, ADB sign $1.2 billion loan agreements for infrastructure projects.

#Infra

The agreements would cover projects for improving the power sector and highways in the northeastern states of Tripura and Assam, metro rail connectivity in the southern city of Chennai, and improvement of key economic areas in the western state of Maharashtra, the statement of Finance Minstry added.

https://theprint.in/business/india-adb-sign-1-2-billion-loan-agreements-for-infrastructure-projects/1296205/

Indian Army plans to buy 300 rough terrain vehicles for high altitude.

#Defence

https://www.hindustantimes.com/india-news/indian-army-plans-to-buy-300-rough-terrain-vehicles-for-high-altitude-101672757381774.html

https://www.youtube.com/watch?v=Ko3K8Duq4Eo

#Oil #Energy #WinterIsComing

In an effort to further ease procurement of renewable energy (RE), the government has mandated creation of a central pool of RE sources from which an intermediary company will procure electricity and supply to an entity involved in distribution and retail supply of power to states at uniform tariff.
#Reforms #Economy #Energy #India
https://www.thehindubusinessline.com/companies/govt-to-create-central-pool-for-re-power-with-uniform-tariffs/article66334312.ece

Report: India to offer small arms and body armor to Japanese military.

#Defence

Private sector gets a leg up as govt introduces National Geospatial Policy
The National Geospatial Policy, notified by the Department of Science and Technology on Dec 30, spelt out 13 milestones for the country to achieve to have a thriving geospatial industry involving private enterprises

https://www.businesstoday.in/latest/economy/story/private-sector-gets-a-leg-up-as-national-geospatial-policy-gets-introduced-358616-2023-01-02

#India

21 startups hit $1bn valuations compared to China's 7 in 2022

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Govt starts probe into circuit board dumping by China, Hong Kong.

#India #Trade

https://mybs.in/2cBW82o