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According to the latestfDi Markets Reportand the Dubai FDI Monitor,Dubaihas secured its position as the leading destination for foreign direct investment (FDI) from India in the calendar year 2022. India ranked among the top five source countries for announced FDI projects and estimated FDI capital in Dubai, solidifying the emirates appeal to Indian investors. This article examines the key findings and highlights the sectors and trends contributing to this growing partnership.
Dubai has surpassed other cities worldwide to become the preferred FDI destination for Indian investors. In 2022, India accounted for 12 percent of the announced FDI projects in Dubai, placing it third behind the United States (20 percent) and the United Kingdom (13 percent). With a significant increase in FDI projects from 78 in 2021 to 142 in 2022, Indias confidence in Dubais potential is evident.
The Sapta Shakti Command of the Indian Army recently conducted the highly anticipated exerciseSudarshan Shakti 2023along the western borders in Rajasthan and Punjab. The exercise aimed to transform the forces into a modern, lean, and agile fighting combination capable of leveraging new-age technologies. With a focus on operational planning in a network-centric environment, this exercise validated the Indian Armys combat power, combat support, and logistic support capabilities.
Modernizing the Forces for Future Challenges The primary objective of Sudarshan Shakti Exercise 2023 was to initiate the transformation of the Indian Army by embracing new technologies and adopting innovative strategies. The exercise sought to enhance the forces capabilities to effectively counter emerging threats and perform at a high tempo during operations. By integrating force multipliers, special forces, and Niche technologies such as drones, tethered drones, and loiter ammunition, the exercise aimed to create a synergistic application of combat power.
CBSEhas listed 33 subjects, including AI, to promote skill education among students.
These subjects also include topics like augmented reality, Kashmiri embroidery, and application of satellites, humanity, and Covid-19.
The schools coding modules will span 12-15 hours, with a 70/30 ratio of hands-on activities to theory. Microsoft will compose the coding syllabus to ensure top-quality Education in AI and coding for pupils.
Educating younger individuals in coding and AI through the boards resolution will foster creativity, develop problem-solving abilities, and prepare them for future careers.
Under theNEP 2020, AI and other subjects such as coding, financial literacy, and data science will be introduced in early education.
Additionally, Class 6 students will be taught about proper medicine storage, while Class 8 students will learn about data science.
EU’s carbon tax to help exporters achieve ne zero much ahead of 2070
Despite the initial concerns about the impact on the MSME sector, the European Unions carbon border tax will help export-centric sectors achieve net zero much ahead of the government deadline.
The European Union intends to bring down carbon emissions in a phased manner in order to become a net-zero emitter of greenhouse gases by 2050, ahead of 2070 when India intends to be net zero.
The Carbon Border Adjustment Mechanism (CBAM) or Carbon Border Tax is set to be implemented from October 1, 2023. In the first phase, the EU will monitor the emission levels of goods entering the market from different source countries and by 2026 the tax will be levied on goods.
India rejects China’s attempt to rename places in Arunachal Pradesh
The two spacecraft forming the European Space Agencys Proba-3 mission are ready with instruments and sensors allowing them to maneuver to a millimeter-scale precision relative to one another. The spacecraft will fly into space on India’s Polar Satellite Launch Vehicle (PSLV) in 2024.
The spacecraft is set to go into the testing phase where engineers will subject them to a simulated space Environment. The spacecraft has been designed to demonstrate precision formation flying in space, where they will fly together maintaining a fixed configuration as a large rigid structure.
OPEC members announce cut in oil production exceeding one million barrels per day from next month
In a sudden announcement, OPEC members, such as Saudi Arabia, the UAE, Iraq, Kuwait, and Algeria, have declared voluntary oil production cuts of more than one million barrels per day from May to December. They have stated that this is a preventive action to support the stability of the oil market
The group, which consists of 23 oil-producing countries, had reduced its collective output by two million barrels per day in the previous year and is expected to maintain the agreed-upon production levels at their upcoming virtual meeting
Finland Becomes 31st NATO Member After Turkeys Approval
Jens Stoltenberg, the Secretary General of the North Atlantic Treaty Organization (NATO), has announced that Finland has become the 31st member of the alliance, thanks to Turkeys unanimous vote. Despite Russias opposition to Finlands membership, Turkeys approval has allowed the extension of NATO. Finland a long border of over 1,300 kilometers with Russia, and its decision to join NATO was prompted by security concerns following Russias invasion of Ukraine in 2022. However, Swedens application to join NATO has been declined by Turkey and Hungary.
NATO, or the North Atlantic Treaty Organization, is an intergovernmental military alliance established in 1949. It was formed as a collective defense pact between North American and European nations to deter Soviet expansion and protect member states from potential Soviet aggression during the Cold War
First E-Waste Eco-Park In Delhi
The Deputy Chief Minister of Delhi, Manish Sisodia, announced that Delhi would get India’s first E-Waste eco-park.
Highlights
First, electronic-waste eco-friendly parks are established in Delhi to handle the increasing e-waste. Dismantling, Re-cycling, Re-furbishing, and re-manufacturing of the waste will be done securely and scientifically.
It’ll be built on 20 acres of land.
The e-waste eco-part will comprise an authorized refurbishing market as a secondary product sale marketplace for batteries, electronic goods, laptops, chargers, mobiles, and PCs.
Across the 12 zones, collection centers will be established to channel e-waste.
The e-waste eco-park will provide the informal sector operators with , training, and tools to groom them as formal recyclers.
This facility will comprise dismantling, refurbishing, segregation, plastic recycling, material-wise storage, testing, and valuable extraction facilities, from computer circuit boards (PCBs) through high-end technologies.