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1 Morgan Stanley credits Modi govt for India’s transformation in Less than a Decade

After the World Bank and United Nations, US-based global investment bank Morgan Stanley has reaffirmed faith in the India story. In a report detailing India's transformation over the last 10 years, Morgan Stanley credited the government's policy choices for making India gain a significant position in the world order with positive consequences for the macro and market outlook.

 The report titled 'India Equity Strategy and Economics: How India Has Transformed in Less than a Decade' reviewed India's policy changes since 2014 in areas like Supply-side reforms, formalization of the economy, Real Estate, digitalizing social benefit transfers, Insolvency and Bankruptcy Code, flexible inflation targeting, focus on FDI and government support for corporate profits. It commended the government led by Prime Minister Narendra Modi for bringing corporate tax at par with peers and expediting infrastructure investment.

01-Jun-2023 News in Details
2 Government launches Electronics Repair Services Outsourcing to make India Repair Capital of the World

In line with the vision of Prime Minister Narendra Modi to make India a global electronics powerhouse, Government today launched Electronics Repair Services Outsourcing ERSO Pilot initiative to validate certain transformational policy and process changes to make India the Repair Capital of the World.

 Demonstrating true commitment to the growth of Industry, Ministry of Electronics and Information Technology, Central Board of Indirect Taxes and Customs, Directorate General of Foreign Trade, and Ministry of Environment, Forest and Climate Change converged with industry to effect transformational policy and process changes that would make India the most attractive repair destination for ICT products globally. Over the next five years, India’s ERSO industry is likely to fetch India an upto 20 billion dollars in revenue and also generate millions of jobs.

01-Jun-2023 News in Details
3 Agriculture Ministry & Farmers Welfare organizes One Day National Workshop on “Per Drop More Crop” in New Delhi

A National Workshop on Per Drop More Crop was organized by Department of Agriculture and Farmers Welfare was organized in New Delhi today to discuss with the stakeholders the various approaches which can be adopted for increasing penetration of micro irrigation in the country. Participants from various Ministries and Departments of Central Government, States and UT’s, Irrigation Industries, Startups working in water management sector, and Farmers Producer Organisations were present in the event.

 Inaugurating the workshop, Secretary of Agriculture and Farmers Welfare Manoj Ahuja emphasized on adoption of technologies in the implementation of the programmes and focused approach to enhancing micro-irrigation coverage. He said, it can increase the overall efficiency and water productivity of agriculture for ensuring the food and nutrition security of the country and the incomes of the farmers, particularly in rainfed areas.

01-Jun-2023 News in Details
4 India, Vietnam hold 3rd Maritime Security Dialogue in New Delhi

The 3rd India-Vietnam Maritime Security Dialogue was held in New Delhi yesterday. Senior officials from both sides and Services concerned with maritime affairs participated in the Dialogue. The two sides discussed ways to sustain a secure maritime environment conducive for inclusive growth. They also reviewed maritime cooperation initiatives and avenues of reinforcing international and regional mechanisms for comprehensive maritime security.

01-Jun-2023 News in Details
5 Dubai Successfully Trials Medication Delivery via Drones, Paving the Way for Advanced Technologies in Healthcare

Dubai, May 31, 2023 - Dubai has achieved a significant milestone in healthcare innovation with the successful trial of medication delivery via drones. The trial, conducted at Dubai Silicon Oasis (DSO) in partnership with Fakeeh University Hospital, marks Dubai's commitment to becoming a global leader in adopting advanced technologies in vital sectors.

In collaboration with Dubai Silicon Oasis, the Dubai Future Foundation, the Dubai Civil Aviation Authority, and Barq Air, an Emirati smart mobility company, Dubai completed the groundbreaking trial within a 10-kilometre radius. The drones, operated by Fakeeh University Hospital, transported medication from the hospital to a patient's home in Cedre Villas, showcasing the city's potential in utilizing drone technology for medical delivery.

01-Jun-2023 News in Details
6 India's Launch of NavIC Navigation Satellite Marks a Milestone in Indigenous Space Technology

India's space sector achieved a significant milestone as the country successfully launched its indigenous navigation satellite, NVS-01, as part of the Navigation with Indian Constellation (NavIC) program. The GSLV, on its 15th flight, carried the satellite, which took off from the second launch pad at the Satish Dhawan Space Centre on Monday. This launch signifies a major achievement for India, positioning it alongside other global navigation systems such as GPS, Glonaz, and Galileo.

To shed light on the significance of NavIC and its potential applications, Akashvani Correspondent Omwesh Upadhyay engaged in a discussion with Science and Technology Expert Biman Basu.

01-Jun-2023 News in Details
7 World No Tobacco Day: WHO representative to India compliments India for reducing tobacco

On the occasion of World No Tobacco Day, WHO representative to India Dr Roderico H Ofrin spoke exclusively to Akashwani. He shared insights on how youth are easily targeted as replacement customers by the tobacco industry and complimented India for its firm decisions in reducing tobacco use and banning E-cigarettes.

 World No Tobacco Day is observed every year on 31st May to raise awareness on the harmful and deadly effects of tobacco use and the theme for this year is “Grow food, not Tobacco”.

01-Jun-2023 News in Details
8 North Korea’s attempt to launch its first military spy satellite ends in failure

North Korea’s attempt to launch its first military spy satellite ended in failure after the rocket's second stage malfunctioned yesterday. North Korea said that an accident occurred as it planned to send up its first space satellite, causing it to crash into the sea. According to North Korean state media, the new satellite transport rocket Chollima-1 launch failed as it lost propulsion due to an abnormal startup of the engine on the second stage after the first stage was separated while flying normally. Authorities will analyze the cause of the accident and launch another rocket soon.

31-May-2023 News in Details
9 New Liberation War Gallery Inaugurated at the Indian Cultural Centre in Dhaka

A new 1971 Liberation War Gallery was inaugurated at the Indian Cultural Centre of the High Commission of India in Dhaka on Tuesday. Home Minister of Bangladesh Asaduzzaman Khan was the Chief Guest on the occasion. High Commissioner of India to Bangladesh Pranay Verma joined the Home Minister in the inauguration of  the Liberation War Gallery which contains some rare photographs of the 1971 Liberation War which culminated in the liberation of then East Pakistan and its emergence as the newest nation of the South Asian region. 

31-May-2023 News in Details
10 Finale Bahnen-Tournee 2023 cycling: India’s Esow Alben wins bronze medal in keirin

Indian cyclist Esow Alben won the bronze medal in the elite men's keirin event at a UCI Class 1 Event-Finale Bahnen-Tournee 2023 cycling competition in Dudenhofen, Germany. The 22-year-old also listed himself in being the first cyclist from India to participate in the UCI Champions League. Alben was also the first Indian who won a medal in a cycling world championship.
 
He clinched a silver medal in the year 2018 after finishing behind world championships medallist Germany's Marc Jurczyk and France's Sebastien Vigier.

31-May-2023 News in Details