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India News:
Stay informed with India’s latest headlines. Here we bring to you what transpired that has significance to the nation and its people. Read on to update yourself.
Indian Government Launches Initiatives to Combat Cyber Fraud
The Indian government has issued an advisory for mobile users to report fraudulent and threatening calls to a designated helpline number. The Department of Telecommunications (DoT) warns against calls threatening to block mobile numbers, emphasizing that the government does not authorize such actions. A Chakshu portal has been launched to combat cyber fraud, with plans underway for a dedicated app. Users are urged not to share personal information and to be cautious of permissions granted to apps. To report fraud, individuals can contact the government helpline or visit www.cybercrime.gov.in. Measures include avoiding sharing sensitive information and scrutinizing app permissions.
Indian Finance Minister Expects 8% Growth, Highlights Banking Sector Recovery
Indian Finance Minister Nirmala Sitharaman expressed in an investment summit on March 30, that the economy to grow at 8% or above in the last quarter of FY24, resulting in an average GDP growth of over 8% for the fiscal year. Q1, Q2, and Q3 of FY24 saw growth rates of 7.8%, 7.6%, and 8.4%, respectively. Goldman Sachs has upgraded its 2024 economic growth projection for India to 6.6%. Retail inflation stood at 5.09% in February, within RBI’s target range of 2-6% for the sixth consecutive month. Sitharaman highlighted the improved health of the banking sector and the role of NaBFID in infrastructure financing. NPAs are decreasing, signaling sectoral recovery.
India’s PLI Schemes Garner Rs 1.06 Trillion Investments: Pharma and Solar Lead
India’s Production-Linked Incentive (PLI) schemes have attracted over Rs 1.06 trillion in investments as of December 2023, with pharmaceuticals and solar modules leading the influx. Pharmaceuticals received Rs 25,813 crore, surpassing projections, while solar PV modules saw Rs 22,904 crore. However, sectors like IT hardware and auto struggled to draw significant investments. The government disbursed Rs 4,415 crore across eight sectors by October of the current fiscal year. These schemes aim to boost innovation and manufacturing, positioning India as a global leader. Policymakers are adjusting strategies to optimize scheme efficacy, fostering sustainable growth and competitiveness in key sectors.
Mumbai to Pioneer India’s First Tri-Service Defense Station: Enhancing Military Synergy
The Indian Armed Forces are set to establish Mumbai as the nation’s inaugural “tri-service common defense station,” unifying the Army, Navy, and Indian Air Force (IAF). This strategic move aims to enhance synergy among the three services ahead of integrated theater command formation. Officials anticipate an imminent announcement following ongoing discussions within the military hierarchy. This initiative, marking India’s first common defense station, consolidates all Army, Navy, and IAF facilities, streamlining logistics, infrastructure, and maintenance operations. Mumbai, with the Navy’s predominant presence, will serve as the lead service, facilitating seamless coordination and resource optimization. This milestone underscores India’s commitment to bolstering defense capabilities and inter-service collaboration.
MS Dhoni’s Electric Performance Amidst CSK’s Loss to DC
In a thrilling IPL 2024 encounter, MS Dhoni’s electrifying cameo for Chennai Super Kings (CSK) earned him the ‘Electric Striker of the Match’ award, despite their 20-run loss to Delhi Capitals (DC) in Vizag. Dhoni’s explosive 16-ball 37, comprising 3 sixes and 4 boundaries, enthralled fans, although CSK fell short of Delhi’s 191-run target. His wife, Sakshi Singh, expressed joy on social media, praising Dhoni’s vintage performance. Rishabh Pant’s triumphant return as DC captain, marked by a 32-ball 51, contributed to their victory. With contributions from David Warner and Prithvi Shaw, DC posted a formidable total, while Khaleel Ahmed and Mukesh Kumar excelled with the ball.
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