Centre targets Rs 10,000 crore from monetisation of ports in FY25 🛥

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 🛰

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 🇮🇳

The currency’s strong fundamentals, a narrowing current account deficit, and growing expectations on inflows around India’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 country’s entry into JPMorgan Chase & Co.’s key gauge.

#Economy

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🚖 Auto component makers to double investments as global supply chains shift from 🇨🇳 China to 🇮🇳 India

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

As supply chains get rewired, India’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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💥 BSNL to be revamped. 📞

Boston Consulting Group to draw up BSNL’s revival plan.

BCG will set up a project management office at BSNL’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

Elon Musk’s Starlink internet service is available for pre-order in Sri Lanka, subject to regulatory approvals. The official launch is expected to happen later this year.

37 cities record temperature of over 45 °C in North India. #Environment

OFFICIAL VOTER TURNOUT FOR

PHASE 6 - 63.37%

#LS2024 #GE2024

Say Goodbye To Cracked Roads: New Bitumen Standards For Indian Highways Unveiled

Pavements and roads that crack and turn sticky in the summer heat could soon be a thing of the past.

The Ministry of Road Transport and Highways (MoRTH) has issued new guidelines specifying the use of surfacing materials based on both traffic load and pavement temperature. This move aims to make Indian highways smoother and safer.

The new guidelines mandate that all new road projects consider temperature and axle load (traffic weight) variations, rather than just weight-carrying capacity.

The changes will alter the specifications for using bituminous binders on highways. Different grades of binders will now be specified based on prevailing loading, ambient temperature, rainfall, snowfall, and speed. This will make pavements more durable and highways safer, with fewer breakages or potholes, reports Mint.

#Infra

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TCS collaborates with IIT-B to build India's first quantum diamond microchip imager

TCS and IIT Bombay announced on May 28 that they are working together to develop India's first quantum diamond microchip imager.

According to an official statement, a quantum diamond microchip imager is able to image magnetic fields, allowing for a non-invasive and non-destructive mapping of semiconductor chips, similar to an MRI at a hospital. The statement further stated that this technology is essential given the difficulties in detecting anomalies caused by traditional sensing methods due to semiconductors' shrinking size.

#Semiconductor #MakeInIndia #Research

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New Driving Licence 💳 Rules: Driving Tests To Not Be Mandatory From June 1

Here is a list of new rules :

1. One of the most noteworthy changes is that applicants can now take their tests at private training centres, which will also be authorized to issue certificates for license eligibility.

2. The government has simplified the documentation requirements for new license applications. Starting in June, documents will have to be submitted based on the type of vehicle, which will reduce the need for physical review at RTOs.

3. The government has announced plans to phase out 9,00,000 old government vehicles. This initiative is part of a broader strategy to enforce stricter emission norms and promote environmentally friendly practices.

4. The government has also laid down new rules for training centres. These centres will need to have at least 1 acre of land for training on light motor vehicles, while 2 acres of land will be required for heavy motor vehicle training. In addition, these centres will be required to provide access to their testing facilities, ensuring that they meet the necessary standards for conducting driving tests.

5. Under the new rules, the issuance of a learner's license will cost Rs 150, while applicants for the learner's license test will have to pay Rs 50. Driving tests will be charged at Rs 300, and a fee of Rs 200 will be levied for the issuance of a driver's license

#Infra #Reforms

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☀️ Rajasthan: Churu recorded a maximum temperature of 50.5 degrees Celsius today.

#climate

https://x.com/ANI/status/1795462724849389934?t=dPnKTAYB6FS3_GGA-YKMBA&s=19

#Meme of the day

Indian troops won a Tug of War that took place between them and Chinese troops during deployment in Sudan, Africa under a UN Peacekeeping mission. #Geopolitics

Cabinet note for Vision 2047 highway plan may be revised

The ₹20 trillion, 15-year plan envisages a network of green, safe highways, most of which are access controlled and cover the entire country. The plan may also be broken down into five-year and one-year targets

#Infra

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🇵🇰 Nawaz Sharif Says Pakistan 'Violated' Agreement With India Signed By Him And Vajpayee In 1999

"On May 28, 1998, Pakistan carried out five nuclear tests. After that Vajpayee Saheb came here and made an agreement with us. But we violated that agreement...it was our fault,"

Sharif said.

Following a historic summit held in New Delhion February 21, 1999, Sharif and Vajpayee signed the Lahore Declaration. A few months after the agreement, which described a vision of peace and stability between the two nations, Pakistani intrusion in the Kargil district of Jammu and Kashmir resulted in the Kargil War.

#Geopolitics

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India major gainer of China+1, exports to soar to $835 billion by 2030: Nomura

India and Vietnam are emerging as key beneficiaries of the China plus one strategy, with Nomura predicting significant growth opportunities for Asian economies. According to a report by Nomura, India's exports are projected to skyrocket to $835 billion by 2030 from $431 billion in 2023, driven by its vast domestic market attracting companies seeking supply chain diversification away from China.

#Exports #Trade

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