Forthcoming BUDGET’s main aim will be to repair damage
Most forecasts - normalcy returns
Rating agency Fitch - economy will grow around 6.5% in the four years up to 2025-26
Millions enter the job market annually – so this figure is not impressive
India lost economic momentum for at least two years before the pandemic struck.
Banks struggling with bad loans
Manufacturing losing productivity
Weak private investment
The shift towards the fourth industrial revolution has accelerated
This phase will be dominated by AI and nanotechnology
India’s long-term performance will be significantly influenced by the quality of human capital available
India needs to unclog pathways to build human capital
Education and healthcare - deserve serious policy attention
The emphasis on deregulation in agriculture, industry and services is praiseworthy.
Tejas flies high | Tribune
Cabinet Committee on Security - procurement of 83 upgraded Tejas fighter jets for the Indian Air Force (IAF)
Rs 47,000-crore deal
March towards self-reliance in the defence sector
Defence Minister – deal will act as a catalyst to transform the Indian aerospace industry into a self-sustaining ecosystem
Last year, an import embargo was imposed on 101 defence items, a new Defence Acquisition Procedure was put in place and Foreign Direct Investment in the sector was raised from 49 to 74% under the automatic route.
Govt’s intention is to support indigenous defence manufacturing - ensuring results is must
It is not only the largest make-in-India deal in the defence sector, but also the biggest for fighter jets since the government in the mid-1990s okayed the purchase of 272 Sukhoi-30MKI jets from Russia.
The first lot of the upgraded version of the Tejas platform is to be made available by 2023 and the last by 2027.
Public sector giant Hindustan Aeronautics Limited has a challenging task at hand and will have to step up its production rate.
The IAF at present has 30 fighter squadrons (16-18 planes each) against the requirement of 42 in case of a simultaneous two-front war.
The Air Force is banking on the Tejas to add to its strength, and be the ‘backbone’ of the fleet.
India enters V5 | ToI
Today India rolls out “the world’s biggest vaccination programme”
TS Tirumurti – India’s ambassador to the UN – prepared to take his seat in the UN Security Council for a two-year tenure as a non-permanent member.
VG Somani, the country’s drugs controller general, announced approval for two vaccines made in India for “restricted use in emergency situation.”
The 2 vaccines approved in India are Covishield, produced by the Serum Institute of India, Pune, in collaboration with Oxford University AstraZeneca
Covaxin indigenously developed by Hyderabad-based Bharat Biotech in collaboration with the Indian Council of Medical Research and the National Institute of Virology.
It marked India’s entry into the exclusive V5 club – the five anti-corona vaccine-producing powers (the US, UK, Russia, China, India) – and reflects an impressive increase in its soft power globally.
The goal is to provide vaccinations to about a quarter of the country’s population rating priority, in the coming months.
The first category of countries to receive vaccine supplies comprises the immediate neighbours.
Armed with MoUs signed in advance, Bangladesh and Myanmar are at the top of the queue.
External affairs minister S Jaishankar assured his interlocutors in Colombo that their request for vaccines would be honoured.
Nepal has pressed its claim during the visit of its foreign minister. Bhutan, Maldives and Afghanistan are also assured of a positive response.
The second category includes friendly countries in the extended neighbourhood: West Asia, central Asia and the Indian Ocean region states.
Official sources indicate that immediate requests from these two categories may be for 30 million doses.
This can be arranged smoothly as the immediate production capacity of Indian companies will touch or exceed 300 million doses in the next six months.
The third category will cover the rest of the world, with the choices to be made carefully in terms of the urgency of need and the nature of relations with India.
Countries in Africa and in Latin America will be provided with India-produced vaccines.
In view of the specific request made by the president of Brazil, the supply of vaccines is likely to be arranged soon.
Countries that routinely accept Chinese goods, technology and funds have confided to Delhi that their clear preference is for an Indian vaccine over a Chinese one.
India’s constructive role at the World Health Organization and endeavours to strengthen the COVAX initiative are significant.
Vaccine production offers to India a rare opportunity to make inroads into global production and supply chains relating to the pharma sector.
India’s advantages are innovation, skills, compliance and good production chains.
As Microsoft co-founder Bill Gates pointed out recently, more vaccines are made in India than anywhere else in the world.
PM Modi to flag off 8 trains connecting different regions of country to Kevadiya on 17th January virtually
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51st International Film Festival of India to begin today in Goa
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India and Japan sign MoU to enhance cooperation in Information and Communications Technologies field
US imposes new sanctions on Chinese officials, state-owned oil company CNOOC
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India strongly condemns recent attack on convoy of UN Multidimensional Integrated Stabilization Mission in Mali
Prime Minister Narendra Modi to launch world’s largest COVID-19 vaccination program this morning
Corona recovery rate improves to 96.53 per cent in the country
Prime Minister to address Startup India International Summit - Prarambh this evening