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Vedanta says it remains fully committed to build India’s first #semiconductor and display fabs in Dholera, even after Foxconn's withdrawal from the project.

🔸A statement by Akarsh K Hebbar, MD of Vedanta Semiconductors & Display

🔸Land has been allotted in Dholera & work is already underway to prepare it for construction of the fabs.

#MakeInIndia
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👀 Nepal’s ruling Maoist party members begin visit to India as part of ‘Know BJP’ programme.

The delegation led by Pampha Bhusal will spend two days in Uttarakhand and comes one and half months after the party leader and Prime Minister Pushpa Kamal Dahal ‘Prachanda’ visited India.

#Geopolitics #India

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14-year-old children can work night shifts; at 16, they can do construction work.

The number of kids in US workforce has increased by 37% since 2015.

Read this article to learn the horrors of late stage capitalism and pure greed in "The Land of The Free"

#MustRead #InternationalNews
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Bengaluru based Alpha Design Technologies Ltd (ADTL) has signed an order to supply 400 Software Defined Radio (SDRs) for Indian Army tanks. #aatmanirbharbharat #Defence
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Towards Carbon Neutrality: V O Chidambaranar Port Authority Leases Land For Rs 52,474 Crore Green #Hydrogen Project

#aatmanirbharbharat #Energy
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With #AI-Enabled Tech, Indian Navy To Soon Start Testing Advanced Control Systems For Warships, Submarines

#Defence
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🛫Navi Mumbai Airport set to see planes take off starting August next year.
⭐️Devendra Fadnavis, the Deputy Chief Minister of Maharashtra, announced that the Navi Mumbai airport is scheduled to become operational in the coming year.
#Aviation #Infra
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📝 Pakistan 🇵🇰 has to repay $2.44 billion of external debt in July 2023.

⭐️The debt also includes $2.44 billion for the current month of July 2023 owed to China, reports ANI quoting the NEws International.

⭐️Moreover, another $1 billion safe deposit from China is also due.

⭐️At a time when the whole country is struggling to meet the International Monetary Fund's demands, the finance department issued a notification sanctioning Rs 2.3 billion for the purchase of new luxury vehicles.

#Economy #Geopolitics

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🤖 Electronics exports grew 56% in Q1(April-June period), at 4th in pecking order.

⭐️As per experts, at this rate, electronics is likely to emerge as the third largest category of exports in the coming quarters as its gap with the current gems and jewellery segment is narrowing fast.

⭐️Electronics have overtaken chemicals and drugs and pharmaceuticals to jump from sixth largest exports category to become the fourth largest in Q1 FY24.

#Trade #Economy #India

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🇩🇪Germany's manufacturing PMI plummeted to 38.8, twelve consecutive months of contraction.

This is very bad news for Europe's largest economy, where a 'green economic miracle' was promised to citizens.

Closely look at graph 📉: It reached bottom during 2008 crisis, COVID and now.

Source: DiscloseTV

#NWO #Economy
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Twitter's iconic bird symbol is replaced by X, the new name of Twitter post rebranding.
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India comes on 9th spot in world in holding of Gold reserves.

As world is moving to post Dollar world, #India should increase her Gold reserves.

Source

#Geopolitics
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Bearish bets on dollar hit record

Asset managers increased bearish bets on the dollar to a record high amid speculation slowing US inflation will hasten the end of the Fed's 16-month run of policy tightening.

Institutional investors, including pension funds, insurers and mutual funds, increased their net short position on the greenback by 18% to 568,721 contracts in the week through July 18.

Asset managers boosted dollar net shorts by the most against the euro and pound. At the same time, they cut yen shorts by the most since March 2020.

Amid slowing inflation, the Federal Reserve is expected to raise its key rate by 25 basis points this week but may start cutting it early next year.

#NWO #Economy
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