Daily Archives: June 1, 2023

GOVERNMENT PLANS TO REDUCE IMPORT TAX ON SOLAR PANEL

India is considering cutting its import tax on solar panels by half and is seeking a rollback in goods and services taxes on the devices. The decision is aimed to make up for the shortfall in local output amid rising demand for renewable energy. Government plans to cut the import tax on solar panels from 40% …

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PETAFLOP SUPERCOMPUTERS

India will unveil 18 new petaFLOP supercomputers for weather forecasting in 2023. Presently India gives forecasts with a 12-kilometre resolution. The new supercomputer will improve it to six-kilometre resolution. The ministry of Earth Sciences aims to achieve one-kilometre resolution forecasts. The new supercomputer is expected to improve weather forecasts at …

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INDIA’S GROWTH MOMENTUM TO SUSTAIN IN FY24.

According to Reserve Bank of India (RBI) Annual Report 2022-23, India’s growth momentum is likely to be sustained in 2023-24. Highlights of the RBI annual Report: According to RBI, in the atmosphere of easing inflationary pressures, Indian economy will be supported by: Sound macroeconomic policies Softer commodity prices A robust financial sector …

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INDIA AND SHANGHAI CO-OPERATION ORGANIZATION (SCO)

India will host the annual summit of the Shanghai Cooperation Organisation (SCO) in the virtual format in July. The last SCO summit took place in the Uzbek city of Samarkand that was attended by all top leaders of the grouping ie Modi, Xi Jinping and Vladimir Putin. India had assumed the rotating chairmanship of the SCO at …

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MIG -29K AND INS VIKRANT

An Indian Navy MiG-29K fighter jet made the maiden night landing on the indigenous aircraft carrier INS Vikrant. It is an important step towards the warship becoming fully operational along with its air wing. The Mikoyan MiG-29K is a Russian all-weather carrier-based multirole fighter aircraft developed in the late 1980s. INS Vikrant (IAC-1) is the first …

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RETRIEVAL OF KOHINOOR

Kohinoor left Indian shores in the early 1850s and is currently embedded in the crown of the British monarch. The retrieval of Kohinoor is a contentious since it was surrendered by Maharaja Dalip Singh as part of the 1849 peace treaty with the British. Under the provisions of the Antiquities and Art Treasure Act, 1972 the …

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SABANG PORT

India and Indonesia have completed a joint feasibility study on the development of strategically valuable Sabang port. Sabang port is roughly 700 km from the Andaman and Nicobar Islands. It is located in the Aceh, province of Indonesia. The successful development of Sabang Port would allow India easier access to the Malacca …

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CHINA ASTRONAUTS TO LAND ON MOON

China plans to place astronauts on the moon before 2030 and expand the country’s orbiting space station. China’s latest announcement came against the backdrop of rivalry with the US for reaching new milestones in outer space. The US aims to put astronauts back on the lunar surface by the end of 2025 as part of …

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KHANPUR NAGROTA

Jammu and Kashmir gets its first full-fledged Jambu Zoo in a naturally green landscape at Khanpur Nagrota. Details: Khanpur Nagrota is located in the foothills of Shivalik along the Jammu-Srinagar national highway on the outskirts of Jammu city. Initially the Zoo will have 27 species of rare animals and birds brought from different …

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