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Indias first 100 per cent Women-owned industrial park began operations in Hyderabad. Promoted by the FICCI Ladies Organisation (FLO) in PARTNERSHIP with the , the park has 25 units, representing 16 diverse green category industries, all owned and operated by women.

The FLO industrial park, the first-of-its-kind park in the country, was established over 50 acres in Sultanpur near Patancheru with an Investment of Rs 250 crore. The park has already garnered tremendous interest from women entrepreneurs to run and operate their businesses

The park has also created amenities to offer a homely Environment for women by keeping in mind the necessities of working women entrepreneurs, including designing creches and playschools. The FLO also plans to set up similar multi-Industry women industrial

parks in various States and a centre of excellence for Skill development in Phase II.

TheMSME ministry launched an innovative scheme to promote creativity, adoption of latest technologies and increase awareness about importance of among MSMEs.

The scheme is an amalgamation of the incubation, design andIPR(intellectual property rights) schemes of the ministry.

It would act

as a hub for innovative activities, besides facilitating and guiding development of ideas into viable business prepositions that can benefit Society directly and can be marketed successfully.

Launching the scheme,MSMEMinister Narayan Rane said the scheme will help the MSME sector, which accounts for a major share in the country’s exports and manufacturing.

Under the scheme, the ministry would provide financial assistance for innovation, design and IPR protection.

The IPR vertical of the scheme aims at enhancing the awareness of these rights among MSMEs and taking suitable measures

for the protection of ideas, technological innovation and knowledge-driven business strategies.

Similarly, under the innovation vertical, untapped creativity would be supported and promoted besides adoption of latest technologies in MSMEs.

The Innovative scheme provides financial assistance up to Rs.5 lakh for a foreign patent, Rs.1 lakh for a domestic patent, Rs.2 lakh for GI registration, Rs.15,000 for design registration and Rs.10,000 for a trademark in the form of reimbursement.

The Pradhan Mantri Gati Shakti scheme will help India attract from all over the world for improving the Infrastructure of the country.

It begs mention here that Logistics and supply chain costs account for around 12% of the gross

domestic product (GDP) in India at present. This is much higher when compared to the global Average of 8%.

The Indian Railways first Gati Shakti cargo terminal was commissioned in the Asansol division of Eastern RAILWAY. The cargo terminal seeks to augment railways earnings to the tune of about Rs 11 crore per month.

This is the first such terminal to be commissioned by Indian Railways since the

publication of GCT policy in December, 2021. The Maithan Power project was initiated in 2009 and the power generation was started in the year 2011.

The Smart Event Tracking System (SETS), which is a new tool on Google Maps-based planning and analysis that has been deployed to tackle the growing problem of cattle getting run over by trains.

The Software has been made functional in Agra Division and it will be adopted by other divisions in the future, depending on further results. According to officials, the SETS map the kilometre stamps on electrical masts along the rail tracks and feed the exact location of a cattle

run over into the system. As a result of this, managers are able to identify the location instantly where the cattle run over occurred as well as spot a pattern.

According to the report, the system is particularly important for the North Central RAILWAY zone, which saw more than 6,500 of the 26,000 cases of cattle run over that were recorded in the year 2020-21.

Dubai has adopted the first law of its kind in the emirate that regulatesvirtual assets, Sheikh Mohammed bin Rashid, Vice President and

Ruler of Dubai.

The Dubai Virtual Asset Regulation Law is aimed at creating an advanced legal framework to protect investors and provide international standards for virtual asset Governance that will promote responsible business Growth in the emirate.

The UAE government is taking concrete steps to establish a strong digital economy and make use of the advantages provided by digital transformation.

Affirming that the union Budget astutely balancesthe requirement of development imperatives within the limits of fiscal prudence, Finance Minister Nirmala Sitharaman said the new tax regime, which offers a rebate on annual income of up to Rs 7 lakh, will leave higher disposable income in the hands of people.

Sitharaman hailed the government’s economic policies during the reply to

the Budget 2023 debate in Lok Sabha and asserted despite of global slowdown India is still the fastest-growing major economy.

The government chose capex route to revive the economy as it has a great multiplier effect, she added.

The finance minister said the new tax regime announced in the Budget is “very attractive” as the tax exemption limit has been hiked to Rs 3 lakh, from Rs 2.5 lakh earlier. Besides, a standard deduction of Rs 50,000 too has been allowed under the

scheme.

This new tax regime will benefit the majority of middle-class taxpayers, she said, adding that the rebate has been provided on an income of up to Rs 7 lakh.

The Indian Institute of Technology (IIT) Kanpur has developed an energy-efficient compressed air-based pipeline system for transporting coal and Minerals, offering round-the-clock monitoring with considerable in time and costs.

An energy efficient pipeline system for evacuating coal, which accounts for almost 75 per cent of Indias power consumption, will not only save transportation time, but also reduce dust pollution at the mining sites

and loading points.

The system is designed to

transport coal or slurry from one point to another with compressed air as its energy source. The robot travels at around 120 km an hour and can transport the loaded block to the designated receiving or unloading sub-section continuously.

The country’s first solid waste-to-hydrogenplant will be set up inPuneat a cost of over Rs 430 crore.

The plant will be set up by sustainability solutions provider The Green Billions Ltd (TGBL), who has entered into a 30-year-long agreement withPuneMunicipal Corporation (PMC).

The company will invest Rs 350 crore in setting up the plant and an additional Rs 82 crore will be spent to construct the

Storage Facility and support.

The project aims to demonstrate the technological and financial feasibility of waste to hydrogen generation.

Russian state news agencies reported that India received arms worth around $13 billion from Russia in the past five years. Moreover, New Delhi has further placed orders with Moscow for weapons

and military equipment exceeding $10 billion.

India accounts for around 20 percent of Moscows current order book and is the worlds biggest buyer of Russian arms. While New Delhi has not openly condemned Russias invasion of Ukraine, Indian Prime Minister Narendra Modi has called for dialogue and diplomacy to solve the conflict.