Re-capitalisation of Public Sector Banks (PSBs) and Comprehensive Reform Plan unveiled by the Government of India on 24 January 2018, includes Rs.80000 crore through Recap Bonds and Rs.8139 crore as budgetary support to address regulatory capital requirement of all PSBs and provide a significant amount towards growth capital for increasing lending to the economy.
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Budget strengthens the foundation of New India in the words of Prime Minister Narendra Modi and is expected to give a boost to the hopes and aspirations of 125 crore people and to accelerate development process of the country. The New India Budget is a farmer-friendly, common citizen friendly, business environment friendly and development friendly. It goes beyond 'Ease of Doing Business' and foc...
Foreign Direct Investment (FDI) has been further liberalized in key sectors including Single Brand Retail Trading (SBRT) and Construction Development, as the Union Cabinet chaired by the Prime Minister Shri Narendra Modi on Wednesday January 10, 2018 approved amendments intended to liberalise and simplify the FDI policy so as to provide ease of doing business in the country. It has been felt tha...
Foreign Direct Investment (FDI) has been further liberalized in key sectors including Single Brand Retail Trading (SBRT) and Construction Development, as the Union Cabinet chaired by the Prime Minister Shri Narendra Modi on Wednesday January 10, 2018 approved amendments intended to liberalise and simplify the FDI policy so as to provide ease of doing business in the country. It has been felt tha...
BrahMos air version anti shipping missile was successfully fired on 22 November 2017 by Indian Air Force from its frontline Su-30 MKI fighter aircraft off the Eastern Coast. The launch from the aircraft was smooth and the missile followed the desired trajectory before directly hitting the ship target. Crew comprising Wg Cdr Prashant Nair and Wg Cdr KP Kiran Kumar test fired the missile while the...
Moody’s Investors Services, the Global credit rating agency, upgraded India’s sovereign rating to the highest since 1988, on 17 November 17, raising it for the first time in 13 years, citing the country’s high growth potential in the years to come, and its large and stable financing base for government debt, that will likely contribute to a gradual decline in the general government debt burden o...
Cobot or co-robot or collaborative robot is a robot intended to physically interact with humans in a shared workspace, designed to assist human beings as a guide or assistor in a specific task. Cobots are predominantly used for repetitive tasks whereby intelligent support systems using cobots assist the workers, rather than replacing them. This collaborative aspect obviously is the key for desig...
Marking a big step in the application of green energy in public transport, World’s first Hybrid Electric Tram powered by Hydrogen fuel cells has started running in China and has been put into commercial operation for the first time in Tangshan, north Chinas Hebei Province from Friday 27 October, 2017. According to China Railway Rolling Corporation (CRRC) Tangshan Co, the maker o...
Dassault Reliance Aerospace Limited (DRAL) manufacturing facility - foundation laying ceremony was held on Friday 27 October 2017, at ₹6,500 crore-spread over 289 acres, Dhirubhai Ambani Aerospace Park (DAAP), Mihan SEZ, near Nagpur Airport in Maharashtra. The Foundation Stone was laid by Eric Trappier, Chairman of Dassault Aviation and Anil D. Ambani, Chairman of the Reliance Group in the prese...
The Centre’s move to infuse Rs. 2.11 lakh crore capital into public sector banks over the next two years, through a blend of financial mechanisms, is expected to help revive the economic growth momentum, after short-term disruptions caused by structural reforms. Infusion of capital Rs. 1.35 lakh crore will be through recapitalisation bonds, Rs. 18000 crore through budgetary provision and the remaining Rs. 58000 ...