Indian Development News ๐Ÿ‡ฎ๐Ÿ‡ณ
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๐Ÿšจ The Government of India has sanctioned Rs 21,253 crore to tackle Kerala's economic crisis. #Policy
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Govt eyes extra $50-billion foreign flows annually

The Centre is preparing a multi-pronged action plan to attract long-term capital of an additional $50 billion per pear from abroad. Patient capital, as both debt and equity, is being sought to be tapped.

According to official sources, talks have been initiated with many countries, including the ๐Ÿ‡บ๐Ÿ‡ธ US and ๐Ÿ‡ช๐Ÿ‡บ key European nations, where finance capital is parked. A complementary plan is to create a couple of Funds under the National Investment and Infrastructure Fund (NIIF) to pool investments in specific infrastructure projects, the sources said.

#Infra #Geopolitics #Economy

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๐Ÿ‡ฎ๐Ÿ‡ณ India says WIPO treaty a significant win for Global South

A historic treaty relating to genetic resources and traditional knowledge associated with it was concluded at the WIPO headquarters in Geneva on Friday

The World Intellectual Property Organisation (WIPO) treaty is a โ€œsignificant winโ€ for India and the Global South as it will help in protecting traditional knowledge of these countries, a commerce and industry ministry statement said.


#Geopolitics #Economy #Technology

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Terrible News from Papua New Guinea. #InternationalNews
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Bangladesh Prime Minister Sheikh Hasina disclosed that a country (not named) is plotting to carve out โ€œa Christian state like East Timor,โ€ taking parts from Bangladesh and Myanmar.

She also said a white man offered her a hassle-free reelection in the 7 January polls provided she allowed a foreign country to establish an air base in Bangladesh territory. Here again, the Bangladesh Prime Minister did not name the nationality of that โ€œwhite man.โ€

Although the Prime Minister did not mention the name of the country that wants to establish an airbase in Bangladesh, it is well-assumed that the name of that country is the US.

For many years, Washington has been eyeing St. Martin Island, a small island (area only 3 km square) in the northeastern part of the Bay of Bengal, about 9 km south of the tip of the Coxโ€™s Bazar-Teknaf peninsula, forming the southernmost part of the country #Geopolitics #IndianSubcontinent
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I have told the Ministry of External Affairs that I will measure your success based on three parameters. First, how much stuff from India is bought in the country you are stationed in. Secondly, which is the best technology in that country which India still does not have and how can we get it here? And, thirdly how many tourists do you send to India from that country. India and 'nation first' is at the centre of every decision I make," said PM Modi


#Policy
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โš ๏ธFake news alert

Some sections of the media have reported that New Delhi Railway Station will be shut down by the end of this year for redevelopment work

It is to announce that New Delhi Railway Station will never be shutdown

https://t.co/C7DAb6F7Lu
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Cabinet Committee on Appointment has given One Year Extension to Samir V Kamat, Chairmen,DRDO on request of Ministry of Defense #Policy
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Armed Clashes Reported between Israel and Egypt at Border Area #InternationalNews
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IMD predicts Monsoon to arrive in Kerala on 31th May, 1 day ahead of the arrival time i.e. 1 June every year. Average Rainfall likely to be more than 6% across the country #Environment
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๐Ÿš„ Mumbai-Ahmedabad Bullet Train project: Intermediate tunnel made in Mumbai to expedite works

Excavation for the intermediate tunnel began on December 6, 2023, and the full 394 meters were completed in six months.

Railways Minister Ashwini Vaishnaw announced in March that the much-anticipated bullet train project is expected to be operational by 2026, with initial services running between Surat and Bilimora.

#Infra #Railways

https://x.com/AshwiniVaishnaw/status/1794778224788214104
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Adaniโ€™s Mundra Port Welcomes Largest Ever Container Ship To Dock In India ๐Ÿ‡ฎ๐Ÿ‡ณ ๐Ÿšข

Adani Groupโ€™s Mundra Port on Sunday saw the largest ever container ship to dock at an Indian port when the almost 400-metre-long MSC Anna came visiting.

This vessel is a metre longer than the earlier biggest one โ€” MV MSC Hamburg โ€” that docked here last July.

#Infra #Economy #Trade

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Centre targets Rs 10,000 crore from monetisation of ports in FY25 ๐Ÿ›ฅ

With the aim of increasing the share of public-private partnership (PPP) in ports, the Centre will look to monetise assets worth Rs 10,000 crore in 2024-25 (FY25), according to multiple sources familiar with the developments.

#Economy

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Space tech startup Pixxel on course to launch 6 satellites, using ISRO, SpaceX rockets ๐Ÿ›ฐ

In February, during the inauguration of its 30,000 sq ft facility in Bangalore, the company had announced its plans of launching six hyperspectral imagery satellites

#ISRO #Space

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Citi sees rupee a favorite in Asia as India joins key bond index ๐Ÿ‡ฎ๐Ÿ‡ณ

The currencyโ€™s strong fundamentals, a narrowing current account deficit, and growing expectations on inflows around Indiaโ€™s inclusion into a global bond index are adding to its appeal, said Nathan Venkat Swami, head of foreign exchange trading in Asia Pacific.


The rupee is the only emerging Asian currency to have strengthened against the dollar this year as global investors buy Indian bonds ahead of the countryโ€™s entry into JPMorgan Chase & Co.โ€™s key gauge.

#Economy

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๐Ÿš– Auto component makers to double investments as global supply chains shift from ๐Ÿ‡จ๐Ÿ‡ณ China to ๐Ÿ‡ฎ๐Ÿ‡ณ India

While the talk of Indiaโ€™s potential as a global hub for auto parts has been around for nearly a decade, the countryโ€™s component OEMs have only begun walking this talk in the last two-three years, post Covid19.

As supply chains get rewired, Indiaโ€™s auto component manufacturers are sitting at larger than ever export orders and creating new capacities to fulfil increasing global demand.

#Automobile #India #MakeInIndia

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๐Ÿ’ฅ BSNL to be revamped. ๐Ÿ“ž

Boston Consulting Group to draw up BSNLโ€™s revival plan.

BCG will set up a project management office at BSNLโ€™s corporate office in the Capital, for its team to work on the project.

Boston Consulting Group (BCG) will prepare a three-year roadmap to transform state-owned Bharat Sanchar Nigam (BSNL) so that it can effectively compete with private telecom operators.


#Telecom

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Vizag city to get a new world class convention centre. VMRDA has issued a request for proposal (RfP)

#Infra
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Indian govt has digitised 7,000 documents in English, Arabic, Gujarati, and Hindi of Indian diaspora in Oman. The oldest digitized document dates back to 1838. Provides a fascinating glimpse into the lives of early Indian settlers in Oman.

#Culture #Geopolitics
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