PLI 1.0 did not get traction. GoI took feedback and formulated PLI 2.0 and now has snagged HP for servers. This is what high quality #policy making looks like.

Breaking: Taiwan announces that it will open its 3rd diplomatic office (Taipei economic & culture center TECC) in India. After Delhi, Chennai, representative office to be opened in Mumbai 🇮🇳🤝🇹🇼
#ForeignAffairs

India has discussed a possible deal to supply more than 11 million metric tons a year of green #hydrogen to the European Union and Singapore, who in turn would invest in these Indian clean energy projects, three government officials and one industry source said. #Energy #Exports

https://t.co/nsr6kAVJQO

Tata Steel’s electric arc furnace-based recycling plants could come up in an auto hub in southern India. While the first of the steel recycling plants is coming up in Ludhiana, with a capacity of 0.75 million tonnes per annum (mtpa).

#MakeinIndia
https://t.co/HSUnYRfsdA

Prime Minister Narendra Modi will visit Telangana on July 8 to lay the foundation stone for the Railway Wagon Manufacturing unit at Hanumakonda in Warangal district.

It will have the capacity to manufacture 200 wagons a month.

#MakeinIndia #Railways

https://www.siasat.com/telangana-pm-to-lay-foundation-stone-for-wagon-manufacturing-unit-on-july-8-2630044/amp/

No Gorkha recruitment into Indian Army 3rd time in a row amid India-Nepal deadlock over Agnipath #Defence

Read more

HDFC Bank becomes 4th largest bank in the world. #Economy

India in talks with central banks around the world to use digital rupee for cross-border payments. #Economy

https://t.co/sQ8hKZr9PZ

Big - You will now have Freedom to Choose Card Network for Your Debit & Credit Cards

RBI Gives Customers Choice of Selecting & Porting Between 5 Cards Networks 💳

• RuPay
• American Express
• Mastercard
• Visa
• Diners Club International

#Policy
https://t.co/RuEvt3kBaa

#Meme of the Day

Chandrayaan 3 Launch on 14 July,2.35 PM(IST)

#Space #ISRO

Who will be +1 in China+1 ?

#India #Economy

Monsoon of #India

Russian media :

BRICS is set to introduce a new currency backed by gold, in contrast to the credit-backed US dollar, with the decision coming a month ahead of the bloc's summit in Johannesburg. With the growing initiative, more and more countries are lining-up to join the group.

#Economy #Geopolitics

https://twitter.com/RT_com/status/1676720110353137664?s=20

JUST IN - The number of corporate bankruptcies in Germany has increased significantly. Last month, more insolvencies were recorded than ever in the previous seven years. #InternationalNews

https://www.tagesschau.de/wirtschaft/unternehmen/zahl-der-firmenpleiten-erreicht-hoechstenstand-seit-sieben-jahren-nehmen-zu-100.html

Setting a target of laying 20,000 km elevated tracks, 4,500 km bullet train corridors and increasing the number of Vande Bharat trains to over 4,000, a massive expansion of infrastructure is being firmed up to meet the future need of India by 2047.

#India #Infra #Economy

Link 🔗

https://www.youtube.com/watch?v=LujuDbBZ8QY #ForeignAffairs

India has increased its credit flow to Africa, making it the second-largest beneficiary of Indian credit. 🇮🇳🤝🌍

#Policy #ForeignAffairs
https://www.livemint.com/news/world/indias-economic-diplomacy-bolsters-lending-in-africa-countering-chinas-influence-11688611385651.html

Indian #Startups Funding Takes A Steep 72 Per Cent Dive In First Half Of 2023

https://ift.tt/Hf7KnZb

China scrambles to show it can support the plunging yuan as the currency falls toward a 14-year low #InternationalNews

https://finance.yahoo.com/news/china-scrambles-show-support-plunging-185555739.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr