🇮🇳 Tata to enter Semiconductor Race.

⚡ Tata Projects to focus on building chip factories.

💻 Tata Projects is in the final stages of starting on a large “state-of-the-art semiconductor manufacturing project" that shall involve the latest construction technologies including prefab/pre-engineered/modular construction.

#Economy #Manufacturing

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🇮🇳 Government exploring crash test norms for trucks.

👉 Presently India does not have a crash test norm for trucks and buses despite the market churning out nearly 1 million a year commercial vehicles (CV).

🚚 India's CV market is the third largest in the world, suggest estimates, and is set to grow at a CAGR of 9% till 2028.

#India #Infra #Reforms

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Indian Men's Hockey Team jumps to third spot in the latest FIH rankings after winning the Asian Champions Trophy for the record fourth time.

With this victory, India became the most successful team in the Asian Champions Trophy, leaving behind three-time champions Pakistan.

#Sports #India

▶ After pulling out from Semiconductor deal 🤝 with Vedanta, Foxconn is again making news.

🇹🇼 Foxconn Technology looks at India as its third global electric vehicle hub.

⚡Plans to corner 5% of EV sales worldwide by 2025

#India #Economy

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🏫 A new committee has been formed by NCERT to update textbooks for Class 3 to Class 12 in accordance with the new curriculum.

▶ The committee includes Sudha Murty, Chairman of Infosys Foundation, Shankar Mahadevan, renowned musician, Sanjeev Sanyal, economist, Bibek Debroy, and 15 other members.

#Education #Reforms #India

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#Meme of the day #CH3 #ISRO 🛰️

💸 FDI in information and broadcasting sector surges 231% to Rs 3,745 crore in FY23

#Economy

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💰 Remittances to India grew 26% to $112.5 billion in FY23
Remittances to India were $89.1 billion in FY22.

🇮🇳 India continues to be the top recipient of remittances globally for the last several years.

🗺 USA was the top source with a share of 23.4% in total remittances. It was followed by UAE with 18%, UK (6.8%), Singapore (5.7%) and Saudi Arabia (5.1%).

#India #Economy

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The Open Network for Digital Commerce now has nearly 150,000 merchants on its platform, the head of the government-backed non-profit e-commerce protocol said, underlining its widespread adoption across the country. #DigitalIndia

https://www.livemint.com/companies/people/nearly-150-000-merchants-are-on-ondc-today-ceo-11691945718670.html

The government will come up with 60 quality control orders (QCOs) this year for products such as consumer goods, rubber, paper and light engineering items with an aim to contain imports of sub-standard goods and boost domestic manufacturing #Policy

https://t.co/gJnpPhaGX7

Chandrayaan-3 Mission:
Orbit circularisation phase commences

Precise maneuvre performed today has achieved a near-circular orbit of 150 km x 177 km

The next operation is planned for August 16, 2023, around 0830 Hrs.

#Space #CH3

🇮🇳⚡🇨🇳 With airlifts and surface-to-air missiles, India fortified eastern Ladakh post Galwan clashes with China #Defence

https://t.co/Y5qoEWbyYC

Retail inflation jumps to 7.44% in July 2023 from 4.87% in June 2023.

#India #Economy

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📉 🇺🇸 Shades of post-1989 USSR in the US since the GFC in 2008.

Comparable countries bounced post-COVID, but US did not.

~1 million Americans have died of OD’s just since 2010; that’s more than the number of Americans that died in all wars America has ever fought in.

#Geopolitics

Ditching Petro Dollar 💵

🛢 First ever Crude #oil transaction between India and UAE happened today.

⚡ The first-ever crude oil transaction under the newly implemented Local Currency Settlement (LCS) system took place on Monday between Abu Dhabi National Oil Company (ADNOC) and Indian Oil Corporation Limited (IOCL). The transaction involved the sale of about 1 million barrels of crude oil.

▶ Both Indian Rupees and UAE Dirhams were used for the transaction, Indian Embassy in the UAE said in a press release.

#India #Economy #Geopolitics #NWO

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