Innogress signs MoU with UP govt for Robotics Technology Park in Gr Noida

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Lucknow, Feb 22, 2018
Innogress, a global research analyst to advisory firm, has signed a Rs 2,000 crore Memorandum of Understanding( MoU) with the Uttar Pradesh government on Thursday for its intent to build a World Class Robotics Technology Park in Greater Noida.

The park will have Innovation CoE (Center of Excellence), R&D, Engineering to Manufacturing facilities for Robotics with an objective of creating a Market Place in Robotics based products and services.

Innogress’ MoU has intent to promote and build ‘Greater Noida Robotics Technology Park’ (GNRTP) in a Multi Partner SPV (Special Purpose Vehicle) route having potential of investment of more than Rs 2,000 crore (USD 300 Millions), leading to direct employment generation for around 1,000 people and indirect employment to around 3,000 people.

Expressing his view at MoU signing ceremony held here, Mr Sumant Parimal, Global Director of Innogress, said, ”Robotics has emerged as high interest area for Global investors & entrepreneurs.

“If India wants to be a leading player in knowledge-based economy, then investments in Artificial Intelligence and Robotics are going to be critical success factors.

Defence Industrial Mfg corridor in Bundel khand region: PM

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Lucknow, Feb 21, 2018
Announcing a Defence Industrial Manufacturing corridor in the Bundelkhand region , Prime Minister Narendra Modi said potential coupled with Policy, Planning and Performance can lead to progress and thus Uttar Pradesh will also deliver a super-hit performance now.

” Two defence industrial corridors were announced in this year’s union Budget. One of them will come up in Bundelkhand region of the state. The corridor will be extended to Agra, Aligarh, Lucknow, Kanpur, Jhansi and Chitrakoot,” Mr Modi announced during the first UP Investors Summit.

He also announced that two new international airports at Kushinagar and Jewar( Greater Noida) will also come up besides under the Udyan scheme, 11 cities of the state would have regular air connectivity.

Pak, China behind illegal immigration in northeast: Army Chief

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New Delhi, Feb 22, 2018
Indian Army Chief General Bipin Rawat has said that Pakistan and China are behind illegal immigration in the northeast.
He made this statement while addressing North East Region of India Bridging Gaps and Securing Borders Summit in New Delhi on Wednesday.
“Migration from Bangladesh is due to two reasons. One, they are running out of space. Large areas get flooded during the monsoon and they have constricted area to stay. So, people will continue coming into our place,” the Army Chief said.
He added: “The other issue is a planned immigration that is taking place because of our western neighbour (Pakistan). They will always try and ensure that this area is taken over through proxy warfare. This proxy game is being very well played by our western neighbour and supported by our northern neighbour (China).
He said we need to understand the problem in northeast.
“Is it identity problem? Is it a problem of development? Is it a problem of security? Or, is it a problem with the demography that is happening right now? I think it is all encompassing and we will have to look at it holistically,” the Army Chief said.
He also said that the Centre is seriously contemplating at addressing issues in the northeast with its Act East Policy and looking at development from Central prospective.
“Development is the main issue and identifying the population of this area (northeast) with the population of mainland becomes important. The Centre is looking at northeast with right perspective and time will not be far when we will be able to amalgamate this region and with development will come the control of people of this region,” said the Army Chief.
Maintaining that it was difficult to change the population dynamics of northeast, General Rawat said, “There is a party called AIUDF (All India United Democratic Front). They have grown in a faster time-frame than the Bharatiya Janata Party (BJP) grew over the years. When we talk of Jan Sangh with two MPs and where they have reached, AIUDF is moving at a faster pace in the state of Assam.”
The AIUDF is a political party active in the Indian state of Assam. It is the champion of Muslims in Assam.
The Army Chief said, “We have to live with the people of the region, irrespective of their caste, creed, religion or sex. If we understand that then we will be able to live together happily. We will have more trouble in segregating people.”
Talking about Arunachal Pradesh, he said, “Arunachalis speak pure Hindi so amalgamating them with us is not a problem.”
China claims parts of Arunachal Pradesh as its territory.

PFC Board to consider Second Interim Dividend

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New Delhi, Feb 21, 2018
Power Finance Corporation Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be held on February 26, 2018, inter alia, to consider a proposal relating to declaration of Second Interim Dividend, if any, for the Financial Year 2017-18. Further, in terms of Company’s Code of Conduct for regulating & reporting trading by insiders and for fair disclosure, 2015 (the Code) framed pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the Company will be closed for all connected person as defined in the Code with immediate effect till February 28, 2018 (both days inclusive).

EPFO cuts interest rate to 8.55 from 8.65 pc

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New Delhi, Feb 21, 2018

Retirement fund body, Employees’ Provident Fund Organisation (EPFO) on Wednesday reduced the interest pay to 8.55 per cent from 8.65 per cent for FY – 2017-18.

The decision was taken at the 220th meeting of the EPFO central board of trustees here. It is the third straight year when the interest rates have been slashed. EPFO decision will come into effect after it is notified by the Finance Ministry.

“At a rate of 8.55 per cent, EPFO will have a surplus of Rs 586 crore,” Labour and Employment Minister Santosh Gangwar said after the board meeting.

Wish to expand Indo-Saudi bilateral relations: Jaitley

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Riyadh, Feb 20, 2018
During his official visit to Saudi Arabia, Finance Minister Arun Jaitley stated that India would like to enhance bilateral ties with the nation.
Jaitley, while addressing the 12th India-Saudi Arabia Joint Commission Meeting, JCMhere on Monday, said Saudi Arabia was “a key partner” for India in the long run, adding that the two countries could explore ties in various sectors.
Post the meet, minutes were signed and exchanged pertaining to trade and commerce, security, agriculture, information and media, health, vocational training and education, culture and community welfare. Both the sides also reportedly agreed to constitute a Joint Working Group to examine trade and investment issues.
On his two-day state visit to Saudi Arabia, Jaitley called on the King of Saudi ArabiaSalman bin Abdulaziz Al-Saud here on Sunday.
During the meeting, the two sides discussed bilateral relations and means of developing and strengthening them in the future, reported Saudi Arabia’s Arab News.
Jaitley also held bilateral talks with Dr. Majid bin Abdullah Al Qasabi, Minister of Commerce and Investment of Saudi Arabia on issues of mutual interests.

India test-fires nuclear capable Agni II

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Bhubaneswar, Feb. 20, 2018
The Strategic Forces Command (SFC) on Tuesday test-fired Agni II medium-range nuclear-capable missile from Abdul Kalam Island off the Odisha coast.
The missile has a strike range of more than 2,000 km.
The launch comes one week after India test successfully fired indigenously developed surface-to-surface nuclear capable Agni-I (A) ballistic missile from Abdul Kalam Islandoff Odisha coast at 8.30 a.m
On February 6, the ‘Strategic Forces Command (SFC) of Indian Army conducted the test as part of their training exercise’, said Defence sources.
The medium range single stage missile was launched from the mobile launch complex-IV of Integrated Test Range (ITR) situated at Abdul Kalam Island formerly known as Wheeler Island.

BHEL commissions 18 MW Hydro Electric Project in Punjab equipped with its Highest Rating Bulb Turbines

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New Delhi, February 16, 2018
BHEL commissions 18 MW Hydro-Electric Project in Punjab equipped with its Highest Rating Bulb Turbines New Delhi, February 16: With the commissioning of the second 9 MW hydro generating unit, Bharat Heavy Electricals Limited (BHEL) has successfully commissioned the 18 MW Mukerian Hydro-Electric Project (HEP) Stage-II in Punjab. The first unit of the 2×9 MW Mukerian HEP, commissioned in May 2017 by BHEL, has been operating successfully.
Significantly, the 9 MW Bulb Generating set is the highest rated Bulb Generating set supplied by BHEL. Bulb turbines are specialized, state-of-the-art hydro turbines used for low head and high discharge applications. Bulb turbine assembly consists of generator internally integrated with the turbine in the bulb, which is immersed in water.
Located on the Mukerian canal in Hoshiarpur district of Punjab, the 18 MW Mukerian project is a surface powerhouse of Punjab State Power Corporation Ltd (PSPCL). The generation from Mukerian HEP Stage-II will contribute significantly in the reduction of greenhouse gas emissions and will help in achieving a low carbon development path for the nation.
BHEL’s scope of work in the project comprised design, manufacture, supply, installation, and commissioning of two units of 9 MW Horizontal Kaplan Turbines & Bulb Generators, Governing System, 66 kV Switchyard, Generator Transformers, Control, Protection, Metering & Supervisory Control and Data Acquisition (SCADA) system, etc.
Notably, BHEL has made a significant contribution to the hydropower sector in the state of Punjab. The company has commissioned 1101 MW of hydro projects in the state which is approximately 84% of the total installed hydro capacity of 1318 MW.
BHEL is presently executing hydroelectric projects of around 3,000 MW in the country which are under various stage of implementation. In addition, 2,940 MW of hydro projects in Bhutan is also under execution. Significantly, more than 500 hydroelectric generating sets of various ratings have been ordered so far on BHEL in India & abroad, with a cumulative capacity of more than 29,000 MW. Of these, about 5,700 MW generating capacity is for overseas projects. BHEL’s hydro plants are successfully and efficiently performing in India and across the world, including at Afghanistan, Azerbaijan, Bhutan, Malaysia, New Zealand, Nepal, Rwanda, Taiwan, Tajikistan, Thailand, and Vietnam.

India chapter of Energy Transitions Commission launched

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New Delhi, Feb 15, 2018
The India Chapter of the Energy Transitions Commission India (ETC India) was launched here on Thursday by The Energy and Resources Institute (TERI).

ETC India is a unique, high-level, multi-stakeholder platform on energy and electricity sector transitions in India.
It will focus on policy, research and outreach on decarbonising the power sector.

ETC India is the first country-specific Commission.
India was chosen to have its own ETC as the country is taking great strides in transitioning towards renewable sources of energy.

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