Indian Development News 🇮🇳
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Govt planning to delist MTNL to merge with BSNL: Report

#Reforms
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The report found that Bengaluru's rush hour traffic has led to the loss of as much as 129 hours last year.

As per the report, London is the major emitter of #CO2 in terms of CO2 emissions per driven mile.

Read here: https://livemint.com/news/india/from-world-s-2nd-slowest-driving-place-to-5th-largest-co2-emitter-report-reveals-bengaluru-traffic-woes-11676527576458.html
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Bharat Forge Limited and Paramount Group signed an MOU for Collaboration for the Development and Production of Composite Rotor Blades, Mission Systems, and Stores Management systems for Medium Lift Helicopters. #MakeInIndia #Aviation #AeroIndia2023
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India's Steel Production To Be Doubled To 300 Million Tonne Per Annum By 2030: Union Minister Scindia

https://ift.tt/gSIbKW1
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Biden's transportation secretary says USA sees roughly a 1000 train derailments a year. #InternationalNews
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Indian Scientists Develop Non-Cytotoxic Nanocomposite Coatings To Prevent Post-Surgical Infections #Health #Research

https://ift.tt/pJBlvds
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Indian PSU Baharat Dynamics to produce UAEs Al Tariq line of PGMs #AeroIndia2023 #MakeInIndia #Defence
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🇮🇳 Announces Massive Cuts on Windfall Tax for Crude, Aviation Turbine Fuel & Diesel

The tax on profits of domestically produced crude will be slashed by Rs 700/tonne starting Thursday, while export of aviation turbine fuel will come down from Rs 6/litre to Rs 1.5/litre and diesel from Rs 7.50/litre to Rs 2.50/litre, the govt has said.

The cuts were made possible by discounted Russian fuel amid a steady increase in domestic consumption.

Reliance Industries shares reportedly surged 1% after the announcement, while ONGC gained 3%. India introduced windfall tax on profits of energy companies in July 2022.

#Economy #Exports #Energy
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The country's merchandise exports have recorded a healthy growth in both value and volume terms in 2022, economic think tank Global Trade Research Initiative (GTRI) said in a report on Thursday.

The outbound shipments rose by 14.6 per cent year-on-year to USD 453.3 billion in 2022.

Products whose export quantities increased over the previous year represent USD 285.6 billion (63 per cent of total exports

#MakeinIndia #Exports
https://t.co/C6vT2z9Nlt
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IAF develops indigenous position sharing jamproof datalink (Vayulink) for sharing positions of aircraft and ground troops and vehicles with base station and other aircraft securely. It uses NAVIC sat navigation instead of GPS. #Defence
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Madhya Pradesh's Fourth Expressway: 660km Vindhya Expressway To Connect Bhopal And Singrauli, Announces Chief Minister Chouhan

#Infra

https://swarajyamag.com/news-headlines/madhya-pradesh-660-km-vindhya-expressway-to-connect-bhopal-with-singrauli-will-be-fourth-expressway-in-the-state
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India is setting up a fund worth $4 billion to provideliquidity to its corporate debt market during bouts of stress, to help stem panic selling and ease redemption pressures.

#Economy
https://mybs.in/2cCOsW5
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