At a time when the pressure on natural resources and infrastructure is increasing, it is vital that the world stands against the "might is right" culture, Prime Minister Narendra Modi said.

"In such a context, India has a resource that is perhaps more important than any other kind of resource – human capital which is skilled and talented," he said.

https://mybs.in/2cHhrMa

#Economy

#Telecom #India

Tata Group's consumer unit is in talks to buy at least 51% of popular Indian snack food maker Haldiram's but is not comfortable with the $10 billion valuation sought, two people briefed on the matter said.

If successfully concluded, a deal would see the Indian conglomerate directly compete with Pepsi and billionaire Mukesh Ambani's Reliance Retail.

Haldiram's, a household name in India, is also talking with private equity firms including Bain Capital about the sale of a 10% stake, they said.

#Economy #Manufacturing

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🇮🇳 India is aiming to be the refuelling hub for green ships by producing cheapest green hydrogen, ammonia & methanol in the world

- Minister RK Singh.

#Manufacturing #Economy #Energy

NPCI launches new UPI features to achieve 100 billion transactions a month.

These products include credit line on UPI, conversational payment mode ‘Hello UPI’, BillPay Connect, UPI Tap & Pay and UPI Lite X.

#Finance

China’s economy limped through August. A prolonged slump in the real-estate market deepened. Factories were hit by sinking exports, and consumers kept a tight leash on spending.

#Economy

✅ Close to 90% of the necessary land acquisition for the Wardha-Nanded rail route has been successfully executed.

🚉 The 284.6 km route holds significance as it will provide railway connectivity between the Marathwada and Vidarbha regions.

#Infra

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🛫The upcoming airport in Ayodhya, also known as 🛕Maryada Purushottam Shri Ram International Airport, is scheduled to commence its domestic operations in November this year.

#Infra

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FDI in Uttar Pradesh:

🔸Rs 3,000 Cr in 17 years from 2000 to 2017
🔸Rs 11,000 Cr in 5 years from 2019 to 2023

Almost 4-fold increase in just 5 years compared to the earlier period of 17 years.

This will surely grow much faster in the next 5 years.

#Economy

The Maha Metro is planning to conduct preliminary trials of rakes on the Bund Garden-Ramwadi elevated stretch by the end of the month.

The civil works of the viaduct and signaling have reached their final stage on this section.

#Infra

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🥙 The Centre is in the process of announcing a second round of production linked incentive (PLI) scheme for processing of millet-based foods in the country

#MakeinIndia

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Nigeria receives $14 billion investment deals from Indian companies, seeks economic pact with India.

#Economy #Geopolitics

Now time it will take in future is just 3.5 hrs.
#Infra

'Am I to blame?’ Xi loses calm after being chided by CCP veterans: Report

🇨🇳 It has been reported that Xi was severely chided by senior party leaders at this summer’s Beidaihe meeting. This is the annual summit of veteran CCP leaders, which is held at the seaside resort of Beidaihe, Hebei Province.

⛩ This was the 11th Beidaihe summit to have taken place under Xi Jinping’s presidency, and it had a starkly different feel from the previous ten.

✍ Xi was given this straight message at the summit that if the persistent political, economic and social problems are not taken care of, the current turmoil may snowball into an existential crisis for the ruling party.

⚡ ‘We cannot have more turmoil,’ the seniors reportedly pointed out.

😡 Xi was reportedly so frustrated after the summit that he later vented his anger before his loyalists.

▶ Xi is believed to have blamed his three predecessors—Deng Xiaoping, Jiang Zemin and Hu Jintao—for the current economic and social problems.

"All the issues that were left by the previous three leaders are on my shoulders" he is believed to have said, adding, "I've spent the last decade tackling them but they remain unresolved. Am I to blame?"

#Geopolitics #China

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India will become new manufacturing centre in the world, will take time to transfer to India the supply chain ecosystem

- Foxconn Chairman Young Liu.

He said - In India, Foxconn presently operates about nine campuses. The total size will be the equivalent of more than 500 football fields. We have over 30 factories in India that turn over a business size of roughly about $10 billion annually.

#MakeInIndia #Economy

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🥤 PepsiCo is set to build a $93 million new manufacturing facility in Assam, India. It will create 500 direct jobs.

#MakeInIndia #Economy

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