Indian Development News 🇮🇳
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The headline of an article by Bloomberg claims that 'India Clinches $2 Billion Russia Submarine Deal as Putin Visits.'

The claim made in this headline is misleading!

No new deal has been signed between India and Russia.

The submarine lease is based on an old contract that was signed in March 2019. There has been a delay in the delivery, and the new delivery is scheduled for 2028.
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With the Atomic Energy Bill lined up this session and India targeting 100 GW of nuclear power, momentum is building around a thorium-centred expansion of nuclear energy via Bharat Small Reactors.

Chicago-based Clean Core Thorium Energy’s ANEEL (a thorium–uranium blended fuel named after Anil Kakodkar) is undergoing final confirmatory testing at a U.S. national laboratory.

The company has already announced tie-ups with Larsen & Toubro and NTPC Limited.

Crucially, ANEEL can be used straightaway in India’s existing Pressurised Heavy Water Reactors, unlocking India’s vast thorium reserves (nearly 1 million tonnes, about 25% of the global total). #Nuclear #Energy #Reforms 🇮🇳🤝🇺🇸☢️
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“Not losing sleep over the rupee,” says CEA Anantha Nageswaran, arguing the fall won’t stoke inflation or hurt exports and could reverse next year. But FDI is weak, supply chains are shifting, and India must “up its game” to stay competitive.
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At Zoho, no job requires a college degree; if some manager posts a job that requires a degree, they get a polite message from HR to remove the degree requirement,” says CEO Sridhar Vembu. #Jobs
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Under the Sagarmala maritime-infrastructure programme, 78 projects out of 124 sanctioned ones are now complete. Progress on port modernisation and connectivity projects is accelerating — a push that strengthens India’s port capacities. #Ports #Infra

https://swarajyamag.com/infrastructure/indias-maritime-development-push-gains-momentum-78-out-of-124-sanctioned-sagarmala-projects-completed
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India–Russia bilateral trade hit $68.7B in FY25, but India’s exports were just $4.88B. New Delhi is pushing pharma, chemicals, agri and engineering goods to trim the $59B deficit as both sides prepare 10 govt and 15 business agreements—aiming for a more balanced trade framework. #Trade
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NTT Data will invest ₹2,400 cr to expand its new Bengaluru campus, lifting total city investment to nearly ₹4,000 cr. The 8-acre site can host three data centres with a 22.4 MW IT load. A capacity buildout aligned with rising AI and cloud demand in India’s digital stack. #IT #Tech #Infra
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JSW and JFE announce a ₹15,750 cr JV, with JSW slashing debt by ₹37,250 cr—nearly half its current ₹79,153 cr load. BPSL’s Odisha unit will be sold for ₹24,483 cr. The move lifts JSW’s capacity path toward 43.4 MT in three years. #MakeInIndia
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Websol Energy System has signed an MoU with Linton Crystal Technologies to explore setting up PV-ingot & wafer manufacturing in India — a step that could cut raw-material imports, deepen the domestic solar value chain. #MakeInIndia

https://t.co/QOikOv3niA
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Record 1.51 lakh new companies were registered in Apr–Nov, up 34% YoY, while LLP incorporations soared 75%. A sharp rise in entrepreneurial activity signals strong confidence in India’s economic outlook, boosted by GST cuts, lower compliance burden and improving sentiment. #Economy
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The govt’s expanded ‘small company’ definition is a major compliance unlock. By raising limits to ₹10cr capital and ₹100cr turnover, thousands more firms can access lighter regulations and faster mergers—freeing capital, cutting costs, and boosting growth efficiency. #Economy #Policy #Reforms
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Indian Navy abandons its planned follow-on Scorpene order, opting instead to fast-track Project 75I — six next-gen German-designed AIP submarines built domestically — signalling a strategic pivot to stealth, endurance and future readiness. #Defence

https://t.co/b2FGICX0Jz
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Indian Development News 🇮🇳
Breaking protocol, Indian PM Modi welcomed Russian President Putin with a hug at the airport. 🇮🇳🤝🇷🇺 #Geopolitics #ForeignAffairs
In a gesture of reciprocity, PM Modi, Russian President Putin went together in the Toyota SUV, mirroring their earlier ride together in Putin's limousine in Tianjin, China during the SCO Summit #Geopolitics
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321 flights of IndiGo cancelled today so far from three major airports. #Aviation
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Indian Development News 🇮🇳
321 flights of IndiGo cancelled today so far from three major airports. #Aviation
BREAKING: DGCA and Ministry held meetings with IndiGo today and the outcomes are follows
1. The airline has SOUGHT exemptions for pilot rest and duty norms until Feb 10. The airline told the govt it misjudged its crew requirement
2. Delays and cancellations will continue for the next 2-3 days
3. Flights will be curtailed from December 8 to minimise disruptions

Absolutely terrible management by Indigo.
#Aviation #Policy
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Pakistani Failed Marshal Syed Asim Munir,COAS appointed concurrently as Chief of Defence Forces(CDF) for a period of five years. #IndianSubcontinent
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