ISRO successfully launches GSLV-D6 carrying GSAT-6 satellite

The Indian Space Research Organisation (ISRO) has successfully launched GSAT-6 (India's communication satellite) using its heavy rocket Geosynchronous Satellite Launch Vehicle (GSLV) with indigenous cryogenic engine.

Master plan to develop 50 solar cities approved by government

The Ministry of New and Renewable Energy has sanctioned the master plan to develop 50 solar cities, out of the proposed 60 cities, including three in the National Capital Region (NCR).

PE investments in real estate this year highest since 2008: C&W report

Private equity (PE) worth Rs 11,080 crore (US$ 1.6 billion) was invested in the Indian real estate sector between January and June 2015. This is the highest investment in this sector from PEs since 2008.

Government unveils list of 98 smart cities

The Government of India has released a list finalising the 98 cities which are to be selected for the smart cities project.

Smart Cities project to benefit 120 million residents or 35 per cent of India’s urban population

The total population of the proposed 98 cities which benefit from Government of India’s Smart Cities project is about 120 million accounting for 35 per cent of country’s total urban population.

India and Australia Sign an MoU on Cooperation in the Fields of Education, Training and Research

India and Australia have signed a Memorandum of Understanding (MoU) to boost partnerships between the two countries in the fields of higher education and research, including technical and professional education, schools, vocational education and training.

Andhra Pradesh looks to attract Rs 20,000 crore in defence, aerospace parks

Several companies such as Airbus, Essel Infra and Srei have expressed interest in large defense and aerospace parks being set up in Andhra Pradesh, as the state government has targeted attracting Rs 20,000 crore (US$ 3 billion) investments in defense and aerospace manufacturing sector over the next five years.

'Sehat' unique initiative for health care launched

A unique initiative for healthcare 'Sehat' (Social Endeavour for Health and Telemedicine) was launched at a government run common service centre (CSC) to empower rural citizens by providing access to information, knowledge, skills and other services through the intervention of digital technologies and thereby progressing to fulfil the vision of a 'Digital India'.

Centre to launch Rs 1,000 crore VC fund for pharma start-ups

The Central Government is planning to launch a Rs 1,000 crore (US$ 120 million) venture capital fund under the department of pharmaceuticals in order to support start-ups from pharmaceutical and biotech industry in research and development.

MMRDA sanctions Rs 35,400 cr for 118 km Mumbai metro network

xpenditure of Rs 35,400 crore (US$ 5.3 billion) for the development of 118 kilometres (kms) long metro network along multiple routes.

Permitting 100 percent equity divestment after two years of construction completion for all BOT projects irrespective of year of award

The Cabinet Committee on Economic Affairs (CCEA) has permitted 100 per cent equity divestment by private developers after two years of construction completion for all Build–Operate–Transfer (BOT) projects, irrespective of the year of award of the project.