Prime Minister Narendra Modi highlighted the achievements of the ‘Make in India’ initiative as it completed 12 years, pointing to higher domestic production, investment and exports across sectors. Electronics, mobile phone and defence production have recorded significant growth since 2014-15.
India’s manufacturing sector has expanded significantly since the launch of Make in India in 2014, with sharp growth in electronics, mobile phones, defence, steel, pharmaceuticals, automobiles and railway production.
PhonePe has received in-principle approval from the UAE central bank for payment licences, paving the way for its regulated entry into the Emirates and expansion of digital payment services.
Insurance and insurance-linked stocks fell 10-20% after IRDAI proposed new commission caps for individual life insurance policies, aimed at reducing upfront sales incentives and improving policy persistency.
India’s transport infrastructure is undergoing a major transformation, with bridges, tunnels, expressways, Vande Bharat trains and high-speed rail projects improving connectivity and reducing travel times.
India-Iceland relations have strengthened since the India-EFTA Trade and Economic Partnership Agreement came into force, Iceland Ambassador Benedikt Hoskuldsson told IANS, highlighting cooperation in tourism, marine investment, geothermal technology and carbon capture.
The Defence Ministry has signed a Rs 810.79 crore contract with Bharat Dynamics Limited for 160 SAT-SAAW anti-airfield weapons and associated equipment for the Indian Air Force.
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