India Positive - December 20, 2019
- December 20, 2019
DRDO successfully flight-tests Pinaka Missile System off Odisha coast
Pinaka Missile System developed by Defence Research and Development Organisation (DRDO) was successfully flight-tested from the Integrated Test Range, Chandipur off the Odisha coast.
CGHS services to be extended to 100 cities: Dr Harsh Vardhan
Dr Harsh Vardhan, Union Minister for Health & Family Welfare inaugurated the new CGHS Wellness Centre in New Delhi. CGHS services shall be extended to 100 cities, up from the current 72 cities.
Ministry of Railways signs MoU with University of Birmingham for establishment of Centre of Excellence for Next Generation Transportation Systems
National Rail Transport Institute signed an MoU with the University of Birmingham in Rail Bhawan to set up its first Centre of Excellence for Next Generation Transportation Systems.
Pharma sector expected to grow at 10-12 per cent during FY19-22, outlook stable: ICRA
Indian pharmaceutical industry is expected to grow around 10-12 per cent between FY19 and FY22: ICRA
Govt launches National Broadband Mission; to invest Rs 7 trillion in 4 years
Government of India has launched the National Broadband Mission with an aim to provide Broadband access to all villages by 2022.
Share of renewable energy rises to 9 per cent
The percentage of renewable energy in India’s energy mix has risen steadily to around 9 per cent from the 2014-2015 levels.
Union Minister for Rural Development Shri Narendra Singh Tomar inaugurates Phase–III of Pradhan Mantri Gram Sadak Yojana to further enhance connectivity of villages with hospitals, schools and agricultural markets
The Union Minister of Rural Development, Agriculture and Farmers Welfare & Panchayati Raj, Mr Narendra Singh Tomar has launched Phase III of Pradhan Mantri Gram Sadak Yojana (PMGSY).
PE/VC funding more than doubles to US$ 4.8 billion in November
Private equity (PE) and venture capital (VC) investments in India stood at US$ 4.8 billion in November 2019, as compared to US$ 1.8 billion in the previous year.
India co-living market size to grow more than double by 2025: report
Co-living market size across India’s top 30 cities is expected to grow more than double to reach US$ 13.92 billion by 2025 from current size of US$ 6.67 billion, according to a Cushman & Wakefield India report.
Successful launch of two BrahMos missiles from land and air platforms
Defence Research & Development Organisation (DRDO), Indian Air Force (IAF) and BrahMos jointly successfully conducted two BrahMos supersonic cruise missiles tests, one each from land and air platforms.
Indian sugar exports poised to hit record 5 million tonnes this year
Since 1st October 2019, sugar mills in India have done deals to export 2 million tonnes and is expected that the country would export at least 5 million tonnes this season which is around 30 per cent higher than previous year.
India Among top 10 Improvers in EODB; India Ranks 63 RD Among 190 Countries; 21,778 Start-ups Recognised Under Start-up India Initiative
India ranks 63rd among 190 countries improving by 14 ranks from its rank of 77 in 2019 in World Bank’s Ease of Doing Business Report 2020. A total of 21,778 startups are recognised under the Startup India Initiative, of which 2,912 startups have been recognised since 1st June 2019.
Amendments approved in interest subvention scheme for MSMEs
The Minister for Micro, Small and Medium Enterprises and Road Transport & Highways, Mr Nitin Gadkari approved the changes in the Interest Subvention Scheme for MSMEs to provide momentum giving fillip to the MSME sector.
India's services exports grew by over 5 per cent to USD 17.70 billion in October: RBI data
India's services exports rose to 5.25 per cent to US$ 17.7 billion in October 2019, according to the data from Reserve Bank of India (RBI).
Ministry of Coal to Establish Sustainable Development Cell for Environmental Mitigation Measures
The Ministry of Coal has decided to establish a Sustainable Development Cell in order to promote environmentally sustainable coal mining in the country and address environmental concerns during the decommissioning or closure of mines.
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