The government has taken initiatives under the Atmanirbhar Abhiyan to spur domestic production of steel.
The average growth rate of industrial production of eight core industries started showing signs of recovery after a steep decline in April 2020 but still clocked a decline of 1.3 per cent in December, compared with a contraction of 1.4 per cent in November. Only the coal and electricity sectors clocked positive growth in December 2020, government data shows. The eight core Industries includes coal, crude oil, natural gas, petroleum refinery, fertilisers, steel, cement and electricity.
The Covid-19 pandemic adversely impacted some of the major economies of the world such as the US, European Union, the UK and Japan. Similarly in India, several sectors were affected due to the nation-wide lockdown to help curb the spread of Covid-19. However, after the pandemic-imposed lockdown was relaxed, improvement has been seen in several sectors of the economy.
Coimbatore: Codissia Defence Innovation and Atal Incubation Centre (CDIIC) has signed a memorandum of understanding (MoU) with the Indian Air Force (IAF) to indigenize defence products.
The memorandum was signed in the presence of defence minister Rajnath Singh, chief of defence staff Bipin Rawat and secretary (defence production) Raj Kumar in Bengaluru on Friday.
The memorandum was signed with an objective to find solutions for repair and indigenization of parts, sub-assemblies, assemblies and aggregates among others for IAF aircrafts and to provide mentoring to startup companies incubated at CDIIC, a statement from Codissia said.
President of Codissia said MV Ramesh Babu, “In October 2020, we signed a deal with the Navy Ship Repair Yard (NSRY) in Kochi to design and manufacture required products. In the past few months, 10 companies had registered to work for NSRY and found solutions for two to three products. We will be working with the IAF in a similar manner.”
Amid global and domestic economic uncertainty, the Budget 2021 has been eagerly awaited as a blueprint - the government’s vision and strategy to enable a V-shaped recoveryGet latest Economy online at cnbctv18.com
CDIIC signs MoU with IAF
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AAA The Codissia Defence Innovation and Atal Incubation Centre (CDIIC) has signed a Memorandum of Understanding with the Indian Air Force (IAF) at the Aero India 2021, held in Bengaluru recently.
The aim was to find solutions for repair and overhaul/indigenisation of parts, sub-assemblies, assemblies, aggregates, LRUs, etc for aircraft of the IAF and to provide mentoring to the startup companies incubated at CDIIC, according to a press release from the CDIIC.
The press release said that the CDIIC participated in various events at Aero India 2021, including the startup marathon 2021, organised by the Defence Innovation Organisation
Ease of justice enhancing ease of doing business, says PM Modi
The possibilities of the use of artificial intelligence are being explored to make the system future-ready, the PM has said. February 06, 2021 / 05:20 PM IST
The ease of doing business campaign is amplified by the efficient justice delivery system, Prime Minister Narendra Modi said on February 6 at a virtual event marking the 60 years of the Gujarat High Court.
The ease of justice got a new dimension in e-filing of cases, use of unique identification code and QR code for cases and the setting up of National Judicial Data Grid, he said. The grid would help lawyers and litigants to know the status of their cases.