The Central government has formulated a 5 year, Rs 8,000 crore plan to explore the deep parts of the Ocean for the possibilities of deep-sea mining. Union Ministry of Earth Sciences is tasked with coordinating the exercise and it recently unveiled a blueprint of the Deep Ocean Mission (DOM).
ISRO will soon carry out another major test for its Reusable Launch Vehicle (RLV) in 2019. ISRO conducted first RLV test in 2016 which was successful. The final version will take at least 10-15 years to get ready.
The government is thinking of a plan to sell LPG blended with methanol, which could facilitate reduction in its cooking gas subsidy by 1/3rd of its current prices. The plan is to manufacture methanol from abundantly available low-quality coal and other bio resources, and also produce it synthetically. The project would be implemented by the NITI Aayog.
Recently, the Union Ministry of Civil Aviation came up with the guidelines for drones that seeks to create opportunities in the Indian civil aviation sector. The government has established a regulatory framework for drone operations including commercial usage. The regulatory framework will come into force from December 1, 2018. It is the date from when civilian use of drones becomes legal in India.
Andhra Pradesh government announced that the State would fully adopt Zero Budget Natural Farming (ZBNF). This is an unprecedented transformation towards sustainable agriculture at such a massive scale. India could consider replicating the model for the country.
The Peruvian economist Hernando de Soto has often pointed out that a modern market economy requires a strong system of property rights. It is in this light it is essential to look at the land records management and its digitization in India.
Coastal Economic Zone (CEZ) refers to designated coastal areas with special economic regulations such as tax incentives and lower tariffs to make it friendly for foreign direct investment.
For the first time in history, Indian rupee fallen into a record low of Rs. 70 against USD on 14 August 2018. This sudden depreciation was also seen in other currencies of emerging markets…