Category Archives: Business & Economy

RECORDS : SCIENCE & TECHNOLOGY : India’s 1st BTVA Procedure Performed at Yashoda Hospital, Hyderabad

BTVA : Bronchoscopic Thermal Vapour Ablation

For the first time in India, the procedure of Bronchoscopic Thermal Vapour Ablation (BTVA), which is an endoscopic lung volume reduction (ELVR) treatment was done at the Yashoda Hospital.

The procedure is known to help reduce hyperinflation and improve respiratory mechanics in patients with severe emphysema.

Emphysema is a sub-type of Chronic Obstructive Pulmonary Disorder (COPD) wherein the air sacs within the lungs are destroyed.

The patient who received the procedure at Yashoda Hospital was a 65-year-old man, previously a chain-smoker, who was nearly bed-ridden due to a lack of oxygen absorption

source/content: newindianexpress.com (edited)

RECORDS : SCIENCE & TECHNOLOGY : India Successfully Test-Fires Army Version of MRSAM Missile System

India successfully test-fired the Army version of Medium-Range Surface-to-Air Missile (MRSAM) from a defence facility off the Odisha coast on Sunday, March 27th  demonstrating the system’s high killing efficiency.

The state-of-the-art missile was flight tested in full operational configuration from the launching complex – III of the Integrated Test Range (ITR) at Chandipur at about 10.30 am.

The missile intercepted an unmanned aerial vehicle achieving a ‘direct hit’.

source/content: newindianexpress.com

RECORDS : SCIENCE & TECHNOLOGY : India’s First Ever Long-Lasting ‘Steel Slag’ Road built in Gujarat

Highligts:

  • This steel slag road is built with 100 per cent processed steel slag
  • India’s first-ever ‘steel slag ’road, which has been built by ArcelorMittal Nippon Steel India with CSIR India, CRRI and Niti Aayog

In the first use case of waste steel in India, a road has been constructed using waste steel in Surat at the Hazira industrial area.

It is India’s first-ever ‘steel slag road’, which has been built by ArcelorMittal Nippon Steel India with CSIR India (Council of Scientific and Industrial Research) and the Central Road Research Institute (CRRI) and government think tank Niti Aayog.

Steel slag road is built with 100 per cent processed steel slag, which aggregates in all layers of bituminous roads at Hazira, Surat.

source/content: livemint.com (edited)

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