Dr Jitendra Singh, Minister of State (Independent Charge) for Science and Technology and Earth Sciences, announced that ₹1,000 crore (approximately $120 million) has been allocated for a venture fund aimed at supporting space startups in India.
During the sixth consecutive India-United States (US) Commercial Dialogue, a Memorandum of Understanding (MoU) was signed to “Expand and Diversify Critical Mineral Supply Chains.” This agreement aims to enhance cooperation in critical minerals exploration, extraction, processing, recycling, and related activities by leveraging the complementary strengths of both countries.
India has become an affiliate member of the International Medical Device Regulators Forum (IMDRF). The IMDRF, founded in 2011, is a global alliance of medical device regulators working to promote global regulatory harmonisation and convergence.
The Union Cabinet has approved India’s membership in the International Energy Efficiency Hub (IEEH), enabling collaboration with 16 countries to share energy strategies and solutions to improve energy efficiency.
According to Minister for Commerce and Industry, Piyush Goyal, investments under the Production Linked Incentives (PLI) are said to increase to ₹2 lakh crore ($24.1 billion), which stood at ₹1.46 lakh crore ($17.6 billion) in August 2024. He added, that PLIs have already resulted in production/sales
Highlights include PM Modi's upcoming visit to Laos for the ASEAN-India Summit, the National Conference's victory in J&K elections, and the BJP's third consecutive win in Haryana.
Highlights include PM Modi's meeting with Maldives President which led to a $400 million currency swap and the launch of the RuPay card, while Haryana recorded a 68% voter turnout in the recent Assembly elections. Meanwhile, the RBI has re-appointed Deputy Governor M. Rajeshwar Rao.
Highlights include Modi inaugurating Mumbai's Aqua Line Metro and noting India's leadership in FinTech and startups. India strengthens ties with the US through a critical minerals MoU while supporting Sri Lanka’s economic recovery during Jaishankar’s visit.
