ModiWatch: At the NDTV World Summit, Prime Minister Narendra Modi underscored India’s accelerated growth, $27 billion in infrastructure investments, digital innovations like Aadhaar and Unified Payments Interface (UPI), and a $2.4 trillion foreign exchange reserve.

PM Modi marked the eighth anniversary of the Ude Desh ke Aam Nagrik (UDAN) scheme, crediting it with expanding India's aviation sector, increasing airports, boosting trade, and promoting regional connectivity.

PM Modi highlighted the rising global investor confidence in India's economy, referencing investor Mark Mobius's call for international funds to allocate at least 50% to the Indian stock market.

PM Modi and Spanish Prime Minister Pedro Sánchez will inaugurate the Tata Advanced Systems Limited (TASL)-Airbus factory in Vadodara on October 28. A bilateral meeting will also be held between the two leaders during their visit.

PM Modi affirmed India's deepening cooperation with Bhutan during talks with Bhutanese Prime Minister Tshering Tobgay, pledging to enhance bilateral relations.

Parliamentary affairs

India plans tougher aviation security laws: The government will amend aviation security rules and the Suppression of Unlawful Acts Against Safety of Civil Aviation Act, 1982, to counter bomb threats, including adding perpetrators to a no-fly list, says Civil Aviation Minister K. Rammohan Naidu.

India boosts aviation growth

India extends UDAN scheme: India will extend the Ude Desh ka Aam Nagrik (UDAN) regional air connectivity scheme for 10 more years, boosting aviation growth with 86 aerodromes operational and plans to double the number of airports to 350-400 by 2047, according to Civil Aviation Minister K. Rammohan Naidu.

Karnataka's economy beats national growth: Karnataka's Gross State Domestic Product (GSDP) surged 10.2% in FY 2023-24, exceeding the national average of 8.2%.

India targets $350 billion textile sector by 2030: Minister of State for Textiles, Pabitra Margherita, announced that India's textile sector aims to reach $350 billion by 2030, urging global stakeholders to engage in the Bharat Tex 2025 initiative, supported by schemes like the Production-Linked Incentive (PLI) and the PM MITRA (Mega Integrated Textile Region and Apparel) programme.

RBI bulletin signals resilient growth for India: Despite global tensions, India's growth remains robust, supported by domestic demand and private investment recovery, while inflation uptick in September reflects rising food prices, according to the Reserve Bank of India (RBI) Bulletin.

India-China patrol agreement

India, China strike deal: India and China have agreed on new patrolling arrangements along the Line of Actual Control (LAC), including disputed areas like Demchok and Depsang.

Jaishankar discusses investment opportunities with Australian and German MPs: External Affairs Minister S. Jaishankar met with Members of Parliament from Australia and Germany in New Delhi to discuss matters such as Foreign Direct Investment (FDI), technology, supply chains, and maritime security.

Scholz to visit India: German Chancellor Olaf Scholz will be on a three-day visit to India starting Thursday to strengthen bilateral strategic ties, focusing on defence, trade, and clean energy, with a seventh Intergovernmental Consultations (IGC) meeting scheduled for Friday.

Germany elevates ties with India ahead of Scholz's visit: Germany's Cabinet has approved a strategic document, 'Focus on India,' aimed at strengthening defence partnership and overall bilateral relations.

India unveils green hydrogen bus

India and Bhutan partner for green hydrogen mobility initiative: Minister of Petroleum and Natural Gas, Hardeep Singh Puri, demonstrated a hydrogen-fuelled bus to Bhutan's Prime Minister, Tshering Tobgay, highlighting India's advancements in sustainable transport and IndianOil's hydrogen projects, including operational fuel cell buses.

India boosts electric vehicle innovation with new joint proposal initiative: The Ministry of Electronics and Information Technology (MeitY) and the Ministry of Heavy Industries (MHI) have launched a Joint Call for Proposals to develop Electric Vehicle (EV) sub-systems, focusing on areas such as charging infrastructure, battery management systems, and telematics, aiming to promote indigenous technology in the EV sector and attract investment.

India seeks global investment

Finance Minister invites Mexican investors to explore opportunities: Minister of Finance and Corporate Affairs, Nirmala Sitharaman, concluded her visit to Mexico, urging investors to explore India's Global In-House Capability Centers and announcing a Memorandum of Understanding (MoU) between the Confederation of Indian Industry (CII) and the Mexican Business Council (CCE) to strengthen pharmaceutical trade.

India touts $5.5 trillion market and new investment funds at NYSE Roundtable: At a New York Stock Exchange roundtable, Finance Minister Nirmala Sitharaman highlighted India's $5.5 trillion market capitalisation, new investment opportunities via the National Investment and Infrastructure Fund (NIIF), and growth in semiconductor initiatives, as part of India’s drive to attract global investors.

India to launch coal exchange: India plans to establish a coal exchange aimed at stabilising fuel prices and improving availability.

India faces agricultural and resource challenges

FAO economist urges India to increase fertiliser production amid global instability: Senior Economist at the Food and Agriculture Organization (FAO), Nicholas Sitko, advised India to expand domestic fertiliser production and shift towards natural farming to reduce reliance on imports.

India's agrochemical sector eyes $13 billion growth: India's agrochemical sector projected to hit $13.08 billion by 2029, despite challenges like rising costs and erratic monsoons.

India eyes Mongolian coking coal imports via Russia to diversify supply: India is considering importing Mongolian coking coal through Russia to reduce reliance on China, following supply disruptions from Australia that affected its steel industry, which relies on imports for 85% of its annual 70 million metric ton demand.

FTA negotiations

India to streamline FTA negotiations: India plans to standardise Free Trade Agreement (FTA) negotiations to tackle Rules of Origin (ROOs) and non-tariff barriers.

Delhi Today: Sunny and light winds.

Delhi's air quality decline prompts 11-point action plan for improvement: Delhi's average Air Quality Index (AQI) has reached 310, classified as 'Very Poor,' and is expected to remain poor in the coming days, prompting the Graded Response Action Plan (GRAP) to implement an 11-point strategy, aimed at curbing air pollution and enhancing public health.

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