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India Approves Six Additional Nuclear Power Plants

New Delhi (ABC Live):  :Nuclear Power Plants :The Government has accorded ‘in principle’ approval for the sites at Gorakhpur in Haryana and Mahi Banswara in Rajasthan for setting up 4 reactors of 700 MW each.  The Government has also accorded financial sanction for Units 1 & 2 at Gorakhpur (GHAVP 1&2-2×700 MW) and work on the project has commenced. The nuclear ... Read More »

India Inks Deal with France for Nuclear Power

New Delhi (ABC Live):Nuclear Power :The French Government in January 2016 had communicated that French public utility Electricite de France (EDF) was designated to take control of AREVA NP and would be the single entry point for Indian side on all matters related to nuclear power projects to be setup at Jaitapur, Maharashtra. Nuclear Power Corporation of India Limited (NPCIL) has entered into an MoU ... Read More »

India Gets US $ 201.5 Million WB Loan for Engineering Education

New Delhi (ABC Live):The Government of India and the World Bank today signed a US$ 201.50 million credit agreement to enhance the quality and equity of engineering education across several focus states[1] in India. Technical Education Quality Improvement Project (TEQIP III), signed today, is the third phase of an envisioned 15-20 year phased program initiated with the first phase of ... Read More »

RBI Releases Data of Indian Banks Online Transactions

Mumbai (ABC Live): Reserve Bank of India (RBI) collects information on the number of debit and credit cards outstanding by the Scheduled Commercial Banks (SCBs). The credit and debit cards outstanding for the last three years is placed below: (in millions) 2013-14 (As at the end of March 31, 2014) 2014-15 (As at the end of March 31, 2015) 2015-16 ... Read More »

India Foreign Exchange Reserves Raises to 369 Billions

Mumbai (ABC Live): India’s foreign exchange reserves (FER) increased from US$ 341.6 billion at end March 2015 to US$ 360.2 billion at end March 2016 and US$ 360.8 billion as on 20th January 2017. India’s foreign exchange reserves (FER) comprise foreign currency assets, gold, Special Drawing Rights (SDRs) and Reserve Tranche Position (RTP) with the IMF. The level of foreign ... Read More »

RBI Asks Five Banks to Act Against Black Ships of Demonetisation

Mumbai (ABC Live): The Reserve Bank of India (RBI) has advised the banks vide in circular Ref. No.DBS.CO.PPD / 4220/11.01.005/2016-17 dated November 29, 2016 to take action to prevent / detect / contain the malpractices or wrongdoing by staff in branches exchange / deposit of Specified Bank Notes (SBN). The banks were also advised vide the same circular to strengthen ... Read More »

India Modifies 40 Tax Treaties to use data Against Black Money

New Delhi (ABC Live): Government is contemplating to revise the tax treaties with partner countries to enable the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) to use the data for prosecution of those who have stashed black money abroad. Treaty partner countries have been requested to modify the tax treaties, so as to explicitly include provisions that will ... Read More »

DRDO Develops Medicines, Equipments for Wartime Emergencies

New Delhi (ABC Live): Defence Research and Development Establishment (DRDE), a Gwalior based laboratory of Defence Research and Development Organisation (DRDO) has developed the following medicines and medical equipment:- Medicines: • Monoisoamyl dimcracaptosuccinic acid (miDMSA) as a treatment for chronic arsenic poisoning. • Alpha-ketoglutarate (A-KG) as an antidote for cyanide poisoning. • 2-deoxiglucose (2-DG) as radio-modifier and cancer therapy. Medical ... Read More »

India Claims Equivalency of LR-SAM, MR-SAM with BARAK

New Delhi (ABC Live): Long Range Surface-to-Air Missile (LR-SAM) and Medium Range Surface-to-Air Missile (MR-SAM) are jointly developed by Defence Research and Development Organisation (DRDO), India and M/s Israel Aerospace Industry (IAI), Israel and as per literature available in Internet, M/s IAI, Israel refers this missile as Barak-8 missile system (upgraded version of BARAK Missile System). LR-SAM is the Ship ... Read More »

India Confirms Induction of Pinaka Rocket in Indian Army

New Delhi (ABC Live): Trails of guided Pinaka Rocket were successfully conducted at Integrated Test Range (ITR) Balasore in two phases on 12th and 24th Jan 2017 with range of 65 km and 75 km, respectively. The guided version of Pinaka Rocket incorporates Inertial Navigation Systems (INS)/ Global Positioning System (GPS) for the mid-course guidance with accuracy of 60m to ... Read More »