#ISRO begins transferring Satellite Bus Technology to Indian Private Industry

ISRO transferred the IMS-1 Satellite Bus Technology to M/S Alpha Design Technologies Pvt. Ltd.

https://t.co/d1Crlv3Rh0

The government will put up over 12 offshore mineral-bearing areas for auction to the private sector before the end of 2023, an official aware of the plans said.

#Reforms #Mining
https://t.co/4BUW1uBdcn

India, Nepal sign 4 MoUs on education, water supply and sanitation facilities 🇮🇳🤝🇳🇵
#ForeignAffairs

Indian MFs' overseas assets fall 13.5% in FY23

According to the Reserve Bank of India (RBI), Indian mutual funds (MF) reported a 13.5% decrease in their overseas investments in March 2023, reaching $5.6 billion. This decline was primarily driven by reductions in equity holdings.

Conversely, foreign investors increased their investment in Indian MFs by 1.6% ($18.7 billion). Consequently, the net foreign liabilities of MFs rose from $11.9 billion to $13 billion.

The decrease in foreign assets for MFs can be attributed to significant corrections in foreign equity markets, particularly in the US, as a substantial portion of Indian MFs' foreign investments are allocated to US equities. The Nasdaq index concluded the 2023 fiscal year with a 14% YoY decline.

The report also reveals that 81% of overseas investments are concentrated in the US and Luxembourg.

#Economy

India, Peru to resume FTA discussions to promote commerce, investment.

#Economy

https://www.business-standard.com/india-news/india-peru-to-resume-free-trade-agreement-negotiations-to-boost-investment-123080400772_1.html

⚡ Bill to set up mega R&D funding agency introduced in Lok Sabha

🇮🇳 The Union government on Friday introduced the Anusandhan National Research Foundation bill, 2023 that seeks to boost scientific research in higher education institutes like universities by creating a corpus of Rs 50,000 crore to fund all scientific research in India besides providing a “strategic direction” to indigenous research, innovation and entrepreneurship.

#Economy #Research
https://www.deccanherald.com/national/bill-to-set-up-mega-rd-funding-agency-introduced-in-lok-sabha-1243705.html

Riots start again in Pakistan after Imran Khan's arrest. #IndianSubcontinent

Chandrayaan-3 Mission:
“MOX, ISTRAC, this is Chandrayaan-3. I am feeling lunar gravity 🌖”
🙂

Chandrayaan-3 has been successfully inserted into the lunar orbit.

A retro-burning at the Perilune was commanded from the Mission Operations Complex (MOX), ISTRAC, Bengaluru.

The next operation - reduction of orbit – is scheduled for Aug 6, 2023, around 23:00 Hrs

#Space #CH3

44 IT hardware companies including global PC makers have registered for manufacturing laptops, tablets and personal computers in India. #MakeinIndia

https://www.zeebiz.com/economy-infra/news-leading-laptop-companies-to-make-their-product-in-india-under-pli-scheme-official-source-247675

The Union Cabinet has approved a last-mile broadband connectivity plan for 6.4 lakh villages across the country under the BharatNet project with an outlay of Rs 1.39 lakh crore.

#DigitalIndia #Infra
https://t.co/376pAAxthh

🚨DPIL to construct Statue Of PM Modi taller than Statue Of Unity in Maharashtra:

PM Modi’s statue in Mahatashtra’s Lavasa will surpass ‘Statue of Unity’ in height & it is likely to be completed by Dec 23. It is being constructed by Lavasa Corp Ltd as they admire Modi’s efforts

What is your opinion on this? 🤔

https://t.co/UKyt7NokTf

Russia's GDP in PPP terms surpasses Germany. #InternationalNews #Economy

Fortune Global 500 list has been released and eight Indian companies have been featured in the list.

Notably, billionaire Mukesh Ambani's Reliance Industries has maintained its high rank, furthering another sixteen places. Reliance Industries is now ranked at number 88.

#Economy
https://www.livemint.com/companies/news/fortune-global-500-reliance-jumps-16-places-lic-slips-9-details-on-8-indian-companies-featured-on-list-11691068414735.html

US oil reserves are now at their lowest level since 1985. #InternationalNews

"Pakis­tan urging India to resume bilateral talks on Kashmir and other issues, reminding it that REFUSING to talk would have DANGEROUS CONSEQUENCES for all" : Masood Khan, Pak Amb to US

#Geopolitics

https://www.youtube.com/watch?v=z6t4_n9DT9U

#Economy #Geopolitics #India

BBC is facing a revolt from millions of television viewers who are no longer willing to pay the television licence fee.

A record 2.84 million people now insist they are no longer obliged to fork out £159 for the annual charge because they don't watch BBC channel

#India

https://www.dailymail.co.uk/news/article-12377289/Mass-revolt-2-8million-claim-dont-need-pay-BBC-licence-fee.html

🇫🇷 France refuses to withdraw troops from 🇳🇪 Niger after Niger Junta gave France 30 days to vacate the country in accordance with the 1977 Agreement of Technical Military Cooperation.

#Geopolitics

Infographic: Italy Is the Country With the Most World Heritage Sites

This chart shows the countries with the most UNESCO world heritage sites in the world.

#India has capability to beat Italy.

India slaps anti-dumping duty on optical fibre imports from China, Korea and Indonesia for five years #Policy

https://www.wionews.com/business-economy/india-imposes-anti-dumping-duty-on-optical-fibre-imports-from-china-korea-and-indonesia-622237