🇳🇪 - Until now, Nigeria, Senegal and Cote d’Ivoire all announced readiness to invade Niger.

PM Modi confirms that he will be traveling to South Africa for attending #BRICS in person. #ForeignAffairs

Reliance-Backed Dunzo Joins ONDC; Fully Integrates Its Seller App With The Platform

#DigitalIndia https://ift.tt/ZJEUo2L

India's employment in the construction sector is estimated to grow to 100 million to attain economic growth targets, according to a report by Knight Frank #India .

The construction sector, which is the second-largest employment generator in the country, is estimated to employ 71 million of the workforce by 2023.

#Economy

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The Indian services sector in July saw the highest level of activity in 13 years, as recorded by the S&P Global Purchasing Managers’ Index (PMI) released Thursday.

#MakeInIndia #Economy

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⚡ State-owned Coal India Ltd (CIL) is planing to set up two thermal plants with an investment totaling Rs 21,547 crore in Odisha and Madhya Pradesh, an official statement said on Wednesday.

🔌While one project is planned near Amarkantak in Madhya Pradesh, the other is at Sundergarh district, in Odisha.

#Energy

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https://ift.tt/TYbvDMx #Defence

🇮🇳 India Considers Allowing Private Firms to Develop Nuclear Plants

⚛ Country reviewing law, with an eye to adding small reactors.
Atomic energy minister Singh comments in reply to parliament.

#Energy

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Drone manufacturing: DGCA approves 63 training centres, 25 manufactures
Import of foreign #drones was banned in 2022 while import of drone parts were still allowed to increase manufacturing in India

#MakeInIndia
https://t.co/Nnmw0BpQRY

Ahead of SC hearing, police armoury looted in Manipur, a policeman killed in separate incident. An AK-47 rifle, several light machine guns, hand grenades, bullet proof jackets and over 19,000 round of ammunition were robbed by a mob of 500 at Bishnupur

https://t.co/z5zohSgE4V

The Inter-Services Organizations (Command, Control, and Discipline) Bill, 2023, passed in the Lok Sabha.

This is an important step towards military reforms.

#Reforms #Defence

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Dalmia Bharat Limited has commenced commercial production at its new Greenfield Cement Grinding unit in Sattur, TN. The new unit adds 2.0 million tons of cement capacity, bringing the company’s total installed capacity to 43.7 million tons.

#MakeinIndia
https://t.co/oEKfF1EN7H

Metro project in Bengaluru gets delayed as migrant workers refuse to return. #Infra #Jobs

Metro Officials say, "Most skilled workers are from Jharkhand, Odisha, West Bengal & Bihar & recently have preferred to find jobs in Metro projects in 14 other cities like Noida, Bhopal, Amritsar etc."

What could be the issue? 🤔

⚡ PetroChina and global commodity traders Vitol, Glencore and Trafigura are among the nearly two dozen companies that have expressed interest in building India's new strategic petroleum reserves (SPR), junior oil minister Rameswar Teli told the Lok Sabha on Thursday.

🇨🇳 China trusting India by building her Oil reserves?

#Energy #Geopolitics

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#IndianSubcontinent #Geopolitics 🇺🇲🤝🇵🇰

https://www.youtube.com/watch?v=6SlYAPxh07E

New Licensing Regime For Import Of Laptops, Tablets, PCs To Be Implemented From Nov 1: Directorate General of Foreign Trade #policy

#ISRO begins transferring Satellite Bus Technology to Indian Private Industry

ISRO transferred the IMS-1 Satellite Bus Technology to M/S Alpha Design Technologies Pvt. Ltd.

https://t.co/d1Crlv3Rh0

The government will put up over 12 offshore mineral-bearing areas for auction to the private sector before the end of 2023, an official aware of the plans said.

#Reforms #Mining
https://t.co/4BUW1uBdcn

India, Nepal sign 4 MoUs on education, water supply and sanitation facilities 🇮🇳🤝🇳🇵
#ForeignAffairs

Indian MFs' overseas assets fall 13.5% in FY23

According to the Reserve Bank of India (RBI), Indian mutual funds (MF) reported a 13.5% decrease in their overseas investments in March 2023, reaching $5.6 billion. This decline was primarily driven by reductions in equity holdings.

Conversely, foreign investors increased their investment in Indian MFs by 1.6% ($18.7 billion). Consequently, the net foreign liabilities of MFs rose from $11.9 billion to $13 billion.

The decrease in foreign assets for MFs can be attributed to significant corrections in foreign equity markets, particularly in the US, as a substantial portion of Indian MFs' foreign investments are allocated to US equities. The Nasdaq index concluded the 2023 fiscal year with a 14% YoY decline.

The report also reveals that 81% of overseas investments are concentrated in the US and Luxembourg.

#Economy

India, Peru to resume FTA discussions to promote commerce, investment.

#Economy

https://www.business-standard.com/india-news/india-peru-to-resume-free-trade-agreement-negotiations-to-boost-investment-123080400772_1.html