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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102388) | |
23151. India’s Enhanced LCA Tejas Fighter Jets ‘Roaring To Soar’; Aircraft Carrier Vikrant Set To Become ‘Action Ready’
- The year 2022 is expected to be eventful for India as the country’s armed forces are set to induct the first indigenously developed aircraft carrier (IAC-I) while the MK-1A variant of the Tejas Light Combat Aircraft (LCA) will take to the skies by June.
- The Navy said the IAC-I Vikrant has set sail for the third phase of sea trials, which will include complex maneuvers to establish detailed readings of how the ship performs in various conditions. Additionally, all LCA Tejas jets, which are in the Final Operational Clearance (FOC) stage, will be delivered to the Indian Air Force (IAF) in 2022, while the LCA MK-1A, with specific enhancements, will fly by the middle of this year, R. Madhavan, CMD of the state-run Hindustan Aeronautics Limited (HAL).
- The Defense Ministry had struck a Rs 48,000 crore deal with HAL in February last year to provide 83 LCA MK-1A to the IAF. The first three aircraft will be delivered in 2024, followed by 16 aircraft per year for the next five years, according to the Ministry.
23152. India Successfully Test-fires BrahMos Supersonic Cruise Missile Off Western Coast
- India conducted a successful testfire of BrahMos supersonic cruise missile from Indian Navy destroyer Indian Navy Ship (INS) Vishakhapatnam.
- The sea to sea variant of the missile was testfired at the maximum range and hit the target ship with utmost accuracy, informed Indian Navy sources.
- The latest testfire of BrahMos supersonic cruise missile comes a month after the Defence Research and Development Organisation (DRDO) informed in December of successful testing of an air version of BrahMos supersonic cruise missile.
- The BrahMos supersonic cruise missile can cover a range of 290 km reaching the Mach 2.8 to 3 Mach speed. Meanwhile, the BrahMos - II Hypersonic cruise missile can be deployed to hit the target within a range of 450 – 600 km in a Mach 7 velocity.
23153. India’s dairy exports may grow significantly next decade: Report
- Developed markets to buy more value-added items India may see dairy exports growing significantly in the next decade.
- A latest research report by an independent consulting player Wazir Advisors stated that India is uniquely positioned to capitalise on the emerging opportunities in dairy products in the international markets.
- Large international markets such as the US, Canada, and New Zealand are witnessing a stagnation in dairy production, while the consumption is likely to grow - thus, there is an increased export opportunity, noted the report for December 2021. Further, Japan, the Russian Federation, Mexico, West Asia, and North Africa will continue to be important net importers.
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23154. Soybean meal export takes a hit
- High prices of soyabean meal in the international market have hit overseas shipment, denting exporters missing out on the peak export season.
- Soyabean meal exports in December are estimated at 90,000 ton as against 3.4 lakh ton in the corresponding period a year ago, according to Soybean Processors Association of India (SOPA).
- in the current oil year until December 3.8 lakh ton soyabean meal is exported from the country as against 6.9 lakh ton in the same period.
- SOPA had estimated soyabean output at 119 lakh ton, up 14 per cent from the previous year. In Madhya Pradesh, soyabean production was estimated at 52 lakh ton as against 41.7 lakh ton last year.
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23155. To promote Aatmanirbhar Bharat, Modi government to shelve multiple defence import projects
- In a major push towards Aatmanirbhar Bharat in the military sector, Prime Minister Narendra Modi led government is going to shelve a number of defence import projects being acquired through the Buy (Global) route.
- A high-level meeting of the Defence Ministry will take place virtually on Wednesday in which all the import projects under Buy (Global) category would be reviewed and are likely to be scrapped or put on hold by the government, government sources told ANI.
- A special day in our journey to become Aatmanirbhar in the defence sector. Arjun Main Battle Tank (MK-1A) was handed over to the Army. A tank made in Tamil Nadu will protect our borders. This is a glimpse of Bharat’s Ekta Darshan.
23156. Sri Lanka inaugurates luxury train with help from India, connects Jaffna to Colombo
- India and Sri Lanka crossed another significant landmark in bilateral ties as the island country launched a luxury train service with the help of a Line of Credit offered by India. The luxury train service connects the country's Tamil-dominated Jaffna district to the capital city, Colombo.
- The intercity rail service with all facilities was launched on Sunday, where India provided AC Diesel Multiple Units (AC DMUs) under the loan facility. The luxury train will travel from Colombo's Mount Lavinia suburb to Jaffna's Kankesanthurai port suburb in the north, covering a distance of approximately 386 km.
- India's total development portfolio in Sri Lanka is over USD 3.5 billion, of which around USD 570 million are purely grant projects," the Indian High Commission said in a statement. "Modernisation of railways and creation of new railway infrastructure has been important sectors of focus under the Indian Government's development portfolio in Sri Lanka, in line with the priority of the government and people of Sri Lanka,
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23157. PM Modi suggests state-specific export strategy; reviews projects worth Rs 1.41 lakh crore
- Prime Minister Narendra Modi asked states to develop a state-specific export strategy and reviewed development projects worth Rs 1.41 lakh crore spread across 10 states and union territories
- Reforms are beneficial only when one performs and this is the way forward to transform the country, Modi said as he chaired the meeting of PRAGATI -- an ICT-based multi-modal platform for Pro-Active Governance and and Timely Implementation involving central and state governments.
- In the previous 32 such meetings, a total of 275 projects worth Rs 12.5 lakh crore have been reviewed, along with 47 programmes/schemes and grievances across 17 sectors that were taken up.
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23158. India's palm oil imports set to jump as tax cut lures refiners
- India's palm oil imports set to jump as tax cut lures refiners Higher imports by India, the world's biggest buyer of palm oil, will support benchmark Malaysian palm oil prices that hit their highest level in eight years this month, but could weigh on U.S. soyoil futures.
- India slashed import tax on crude palm oil (CPO) to 27.5% from 37.5% as it tries to curb rising food prices.
- India's imports of palm oil are set to rise by as much as 100,000 tonnes a month from December after the government slashed import tax on the tropical oil, making it cheaper than rival edible oils, industry officials said.
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23159. Steel import duty hike wins support
- Mismatch in demand and supply because of a failure to start operation of 14 mines in Odisha which were auctioned in February
- A China-induced spike in iron ore prices has disrupted the steel sector, a situation made worse by the parity in the import and domestic price of steel that will necessitate a hike in import duties to protect the industry, analysts said.
- Iron ore exports have surged 70.3 per cent to 29.2 million tonnes (mt) in the first half of the current fiscal compared with the corresponding period a year ago. As much as 27 million tonnes of iron ore were shipped to China which are the highest level seen since 2011-12.
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23160. November month's Maruti Suzuki Sales data| मारुति की बिक्री 1.7 फीसदी बढ़ी, निर्यात में हुई 29.7 फीसदी की बढ़ोतरी
- मारुति सुजुकी ने नवंबर माह के बिक्री और निर्यात के आंकड़े जारी कर दिए हैं. दोनों में काफी बढ़त दर्ज की गई है. नवंबर माह में कंपनी की बिक्री 1.53 लाख यूनिट रही है, जो आंकड़े अनुमान से कम रहे हैं.
- नवंबर में मारुति की कुल बिक्री सालाना आधार पर 1.7 फीसदी बढ़कर 1.53 लाख यूनिट रही है, जो पिछले साल के नवंबर माह में 1.51 लाख यूनिट रही थी.
- नवंबर में मारुति की कुल घरेलू बिक्री सालाना आधार पर 0.4 फीसदी बढ़कर 1.44 लाख यूनिट रही है, जो पिछले साल के नवंबर माह में 1.43 लाख यूनिट रही थी.
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