Category Archives: Business & Economy

ECONOMY : EXPORTS : Nissan India Rolls out the 50,000 th Unit Milestone of the Magnite (SUV)

Nissan India on Tuesday said that it has rolled out 50,000th unit of its Sport Utility Vehicle (SUV) Magnite from the Chennai plant of Renault Nissan Automotive India Pvt Ltd (RNAIPL) alliance.

Terming Magnite as a game changer, Rakesh Srivastava, MD, Nissan Motor India, said in a statement that the company had received over 100,000 customer bookings in domestic & export markets,

“We have been able to achieve the 50,000th Magnite milestone in less than 15 months despite head winds from Covid and the semi-conductor crisis. Our employees and supplier partners have contributed immensely with innovative strategies to overcome this crisis,” said Biju Balendran, MD & CEO, RNAIPL.

Magnite was the first global product to be launched under the Nissan NEXT transformation plan. Since its launch, 50,000 Magnites have been produced in Chennai, despite the challenges of the Covid-19 pandemic and ongoing semiconductor shortage.

source/content: thehindu.com (edited)

SOUTH EAST ASIA’S LARGEST : US to Establish SE Asia’s Largest Consulate Campus in Hyderabad

The soon-to-open US Consulate office in Hyderabad will be the largest US consular processing post-South East Asia both in terms of the number of visa windows and in area. The centre being set up in Nanakramguda is likely to be completed by November 2022 and will open shortly thereafter.

Speaking to Express, David Moyer, Public Diplomacy Officer at US Consulate General office in Hyderabad, said that the centre will be unique as it will comprise 54 visa processing windows as well as multiple new features.

source/content: newindianexpress.com

INDIA’s PRESENCE OVERSEAS : In Post-Brexit UK, Indians got 43 per cent of all Skilled Work Visas in 2021

Indians nationals are the top nationality in the skilled work category in the United Kingdom, accounting for two-fifth’s of visas granted.

“In the last year alone, over 65,500 Skilled Worker visas were issued to Indian nationals,” a British High Commission spokesperson told this newspaper (new indian express)

Indians have accounted for 43% of the total skilled worker visas in 2021, which is a 14% increase from 2019.  Experts attribute this to point-based UK immigration system that was launched post Brexit.

In May 2021, the UK signed the Migration and Mobility Partnership with India, increasing cooperation on migration and opening access for youth mobility.

A number of legal routes are being offered to work in the UK.

These include the Skilled Worker route, Graduate Route and Health and Care Worker visa.

source: newindianexpress.com

WORLD RECORDS : SOLAR ENERGY : India 5th in Global Position in Solar Power Deployment Surpassing Italy

India achieved 5th global position in solar power deployment by surpassing Italy.

Solar power capacity has increased by more than 11 times in the last five years from 2.6 GW in March,2014 to 30 GW in July, 2019.  Presently, solar tariff in India is very competitive and has achieved grid parity.

India added a record 10 Gigawatt (GW) of solar energy to its cumulative installed capacity in 2021. This has been the highest 12-month capacity addition, recording nearly a 200% year-on-year growth. India has now surpassed 50 GW of cumulative installed solar capacity, as on 28 February 2022.

This is a milestone in India’s journey towards generating 500 GW from renewable energy by 2030, of which 300 GW is expected to come from solar power.

India’s capacity additions rank the country fifth in solar power deployment, contributing nearly 6.5% to the global cumulative capacity of 709.68 GW.

source: mnre.gov.in / Ministry of New and Renewable Energy – Solar Energy /and /  thehindu.com

iNFRASTRUCTURE – AIRPORTS : RGIA declared Best Airport by Size and Region in Asia-Pacific

The Rajiv Gandhi International Airport, (RGIA) Hyderabad, has been declared the best airport by size and region in the Asia-Pacific region for 2021.

This is in the category of 15 million to 25 million passengers per annum.

Luis Felipe de Oliveira, director general, ACI World, congratulated GMR Hyderabad International Airport and said that the award reflects their commitment to improving passenger experience.

source: thehindu.com

INT’L PARTICIPATION & RECORD : Agreement signed for setting up ‘ WHO Global Centre for Traditional Medicine’ (WHO GCTM) in India

The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday,March 09th,  approved the establishment of a WHO (World Health Organization) Global Centre for Traditional Medicine (WHO GCTM) at Jamnagar in Gujarat.

An agreement was signed by the Government of India with the world body in this regard.

The WHO GCTM, to be established under the Ministry of AYUSH ( Ayurveda, Yoga, Naturopathy, Unani, Siddha, Sowa-Rigpa and Homoeopathy), will be the first and only global outposted centre (office) for traditional medicines.

source: thehindu.com

SCIENCE & TECHNOLOGY : Odia Scientist Dr Mamoni Dash Invents Polymer for Pest Control

Use of insecticides and pesticides will soon become a thing of past.

Scientist  of Institute of Life Sciences (ILS) Dr Mamoni Dash has developed the polymer, which can be used instead of pesticides. The polymer has been developed to target the specific genes of different types of crops that come under the pest attack. It will help overcome the ongoing conventional control strategy of insecticides and pesticides usage.

This new invention in the field of agriculture has made her one of the 75 achievers under 50 in the field of Science and Technology in India.

source: newindianexpress.com

SCIENCE & TECHNOLOGY : Indigenously Developed ‘Automatic Train Collusion Prevention System ‘Kavach’ for Domestic Implementation and Future Exports.

‘Kavach’ a technological development of the Indian Railways. It is a phenomenal improvement in safety and a significant contributor to accident prevention.

A major milestone in the Indian Railways in the avoidance of the head-on collusion by ‘Kavach’ without any manual intervention.

The technology is scheduled to be implemented in the entire rail network in the country and will also be exported to the world in the future.

WORLD & INDIA RECORDS: The Number of Ultra-High-Net-Worth Individuals (HNI’s) Increased by 11%. India 3rd in Billionaire Population Globally

HNI’s up by 11% in 2021

The number of ultra-high-net worth-individuals, having net assets of $30 million (about Rs 226 crore) or more, in India increased 11% last year, according to Knight Frank.

3rd in Billionaire Population Globally.

India also ranked third in billionaire population globally in 2021. US is number one with with 748 billionaires, followed by Chinese mainland at 554 billionaires and India with 145 billionaires.

source: timesofindia.indiatimes.com / newindianexpress.com