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  • Registration Deadline Extended to 15th June for India’s premier engineering award -The IET India Awards 2024

    The scholarship award will provide a prize cash of Rs 10 Lakhs to winners

    Bengaluru, thirty first May 2024 – The Institution of Engineering and Technology (IET) has prolonged the deadline to apply for the eighth version of its prestigious IET India Scholarship Awards, which has a mixed prize cash of Rs 10 Lakhs. The IET has presently obtained greater than 45000 functions from college students throughout the nation for the identical. Students of AICTE, UGC-approved and National institutes, who’re but to apply for the award, could ship their functions by 15th June.

    The IET India Scholarship programme goals to reward and rejoice particular person excellence and innovation amongst undergraduate engineering college students in India. The software spherical is step one in a rigorous 4-stage course of which assessments college students on educational and technical parameters, in addition to creativity, innovation and presentation abilities.

    Speaking on the awards, Shekhar Sanyal, Director and Country Head, IET India mentioned, “We are very excited to see the keenness across the IET India Scholarship Award this 12 months. In reality, due to an enormous surge in functions, our servers lately crashed! This excessive demand is the rationale why we’re extending the appliance deadline by one other two weeks. I want the entire candidates the perfect of luck!”

    The IET India Scholarship Award 2024 is guided by an esteemed Advisory Board consisting of distinguished academicians and nationally recognised company leaders.  The committee is chaired by Prof Abhijit Chakrabarti, Former Vice Chancellor, Jadavpur University, Kolkata.

    “At The IET, we consider it crucial for younger engineers and innovators to delve deep into the challenges confronted by our nation and harness the ability of rising applied sciences to craft progressive options. The extra the variety of candidates, the higher the variety of progressive options devised. The IET India Scholarship Award goals to function a catalyst for change. The subsequent decade is pivotal for our nation, and the IET India Scholarship Award serves as a catalyst for change,” mentioned  Prof Abhijit Chakrabarti, Chair, IET India Scholarship Award Advisory Committee.

    The Award evaluates individuals throughout parameters that embrace educational efficiency, extracurricular actions, vary of outreach actions and their potential to provide you with artistic engineering options to resolve societal challenges. In the primary spherical, college students are shortlisted primarily based on their educational efficiency in addition to extracurricular actions. They then progress to a web-based check on STEM topics and technical experience. Students who clear the cut-off rating are then invited to current their technological answer to a pertinent societal problem within the regional rounds. Regional winners will lastly compete within the nationwide finals to win the title.

    This would be the eighth version for this nationwide degree scholarship, began in 2013. Last 12 months, it obtained over 43,000 functions. Previous 12 months winners joined in business leaders comparable to Google, Apple, Boeing, Deloitte, and MIT, and a few have even change into entrepreneurs themselves.

    Applications are actually open for the 2024 version. For extra info, please go to – https://scholarships.theietevents.com/#!

  • DGCA slaps show cause notice on Air India for flight delays, passenger discomfort

    T20

    IANS

    The Directorate General of Civil Aviation (DGCA) on Friday issued a show cause notice to Air India after its two flights had been delayed and passengers had been put to discomfort on account of inadequate cooling within the plane.

    “It has come to the notice of DGCA that flight Al-179 (Mumbai to San Francisco) dated 24.05.2024 and flight Al-183 (Delhi to San Francisco) dated 30.05.2024 had been inordinately delayed and passengers had been put to discomfort on account of inadequate cooling within the cabin.

    “Further, repeated incidences of passengers being put to discomfort by Air India in violation of varied DGCA CAR provisions have come to the notice,” learn the show cause notice issued by the aviation regulator.

    The DGCA additionally stated that the perusal of accessible data reveals that Air India has violated the provisions of Para 3.4 and Para 3.8 of CAR Section 3, Series M, Part IV on “services to be offered to passengers by airways on account of denied boarding, cancellation of flights and delays in flights”.

    Air India

    IANS

    “Air India is repeatedly failing to take due care of the passengers and compliance of aforementioned CAR. Therefore, Air India is hereby known as upon to Show Cause as to why enforcement motion shall not be initiated in opposition to the airline for the aforesaid violations. The reply of Air India ought to attain this workplace inside three days from the date of issuance of this notice, failing which, the matter can be processed ex-parte,” it added.

    A passenger on Air India’s Delhi-San Francisco flight claimed that a number of individuals skilled fainting spells contained in the plane on account of lack of cooling after a delay of greater than eight hours on Thursday.

    According to Shweta Punj, a journalist who shared the incident on X, Flight AI-183 was delayed by greater than eight hours on Thursday, with passengers being made to board the airplane and endure the discomfort of sitting with out correct air-conditioning.

    (With inputs from IANS)

  • RBI shifts 100 tonnes of gold from vaults in UK to India; here’s why

    RBI

    IANS

    The Reserve Bank of India (RBI) has shifted round 100 tonnes of its gold saved in financial institution vaults in the UK to its personal vaults in India in a transfer aimed toward saving storage prices, in accordance to media reviews.

    This is the primary time since 1991 that India has undertaken such a large-scale abroad switch of gold reserves.

    Economist Sanjeev Sanyal, a member of the PM’s Economic Advisory Council, stated, “While nobody was watching, RBI has shifted 100 tonnes of its gold reserves again to India from the UK.”

    “Most nations preserve their gold in the vaults of the Bank of England or some such location (and pay a charge for the privilege). India will now maintain most of its gold in its personal vaults. We have come a great distance since we had to ship out gold in a single day in 1991 in the midst of a disaster,” he added.

    “For these of my era, the delivery out of gold in 1990-91 was a second of failure that we are going to always remember. This is why this delivery again of gold has a particular which means,” he identified.

    In 1991, when the nation was in the grip of a extreme overseas disaster with no cash to pay for important imports, the Chandra Shekhar authorities pledged gold to increase funds. The RBI then pledged 46.91 tonnes of gold with the Bank of England and the Bank of Japan, to safe $400 million.

    Reserve Bank Of India

    IANS

    More than half of the RBI’s gold reserves are held abroad in safe custody with the Bank of England and the Bank of International Settlements, whereas roughly a 3rd is saved in the RBI’s vaults in Nagpur and Mumbai.

    The central financial institution held 822.10 tonnes of gold as half of its overseas alternate reserves as of March 31, 2024, a rise from the 794.63 tonnes held on the identical time final 12 months, in accordance to the annual information launched by the RBI.

    RBI has, like different central banks, been shopping for gold as a safe-haven asset. The technique of holding gold is primarily aimed toward hedging towards inflation and decreasing overseas forex dangers, particularly in instances of uncertainty triggered by geopolitical tensions.

    The share of gold in India’s whole overseas alternate reserves elevated from 7.75 per cent on the finish of December 2023 to about 8.7 per cent by the tip of April 2024.

    (With inputs from IANS)

  • India Added 367 MW of Rooftop Solar in Q1 2024

    SOLAR

    India’s cumulative rooftop photo voltaic capability was 10.8 GW as of March 2024

    May 30, 2024 – India added rooftop photo voltaic capability totaling 367 megawatts (MW) in the primary quarter (Q1) of the calendar 12 months (CY) 2024. Installations fell almost 10% quarter-over-quarter (QoQ) from 406 MW and dropped over 24% year-over-year (YoY) from 485 MW, in line with Mercom India’s newly launched Q1 2024 India Rooftop Solar Market Report.

    The drop in installations was largely a outcome of software processing delays confronted by residential prospects because of oversubscription below the PM – SURYA GHAR: MUFT BIJLI YOJANA program, a central subsidy for rooftop methods between 1 kilowatt (kW) and three kW. The rise in module costs to adjust to home content material necessities (DCR) additional contributed to decreased capability additions below the SURYA Gujarat program. 

    Installations below the capital expenditure (CAPEX) financing mannequin accounted for 69% of the capability additions in the quarter. Capacity additions below the operational expenditure or the renewable power service firm (OPEX/RESCO) mannequin accounted for the steadiness.

    The industrial phase led quarterly capability additions, comprising virtually 57% of installations. Commercial, residential, and authorities segments accounted for round 28%, 14%, and 1.1% of capability additions, respectively.

    “Although rooftop photo voltaic is off to a sluggish begin, 2024 could possibly be a breakout 12 months if the federal government’s residential rooftop program – with engaging incentives – lastly takes off. Rapidly declining system prices and excessive energy tariffs have created excellent situations for the sector. The problem is on the provision facet; a brief provide of inverters and sure elements, availability of expert labor, and considerations over the flexibility of installers and authorities companies to deal with the push is preserving the sector up at evening,” stated Raj Prabhu, CEO of Mercom Capital Group.

    Gujarat, Maharashtra, Haryana, Kerala, and Karnataka led in rooftop photo voltaic additions in the quarter. The high 5 states accounted for greater than 67% of the quarter’s installations.

     

    As of March 2024, India had a cumulative put in rooftop photo voltaic capability of 10.8 gigawatts (GW).

    The high 10 states comprised over 77% of cumulative rooftop photo voltaic installations as of March 2024. Gujarat, Maharashtra, Rajasthan, Kerala, and Karnataka continued to be the main states for cumulative put in rooftop photo voltaic capability through the quarter.

    In Q1 2024, issued rooftop photo voltaic tenders totaled 817 MW, up 48% from  553 MW in This autumn 2023 and a 141% soar from 338 MW in Q1 2023. Tenders issued for tasks to be commissioned below OPEX/RESCO mode accounted for 60% of the quarter’s bulletins.

    The common price of rooftop photo voltaic methods fell for the sixth straight quarter and was down by greater than 6% QoQ and almost 22% YoY. 

    A complete evaluation of internet metering insurance policies throughout all Indian states and Union Territories can be included in the report.

    Key Highlights from Mercom’s Q1 2024 India Rooftop Solar Market Report

    • In Q1 2024, India added 367 MW of rooftop photo voltaic capability, a 24% drop YoY
    • Installations below the CAPEX mannequin made up 69% of the quarter’s set up
    • Industrial shoppers contributed to virtually 57% of the installations in Q1
    • Cumulative rooftop photo voltaic installations reached 10.8 GW as of March 2024
    • Gujarat and Maharashtra led the quarterly capability additions and likewise remained the highest states cumulatively
    • In Q1 2024, rooftop photo voltaic tenders totaled 817 MW, up 48% QoQ and 141% YoY
    • The common price of rooftop photo voltaic methods fell 6% QoQ and 22% YoY  

    The Q1 2024 Mercom India Rooftop Solar Report is 73 pages lengthy and covers all sides of India’s rooftop photo voltaic market. For the entire report, go to: https://www.mercomindia.com/product/rooftop-solar-market-report-q1-2024


    Neel Achary

  • RBI sees India as an emerging global hub for chips, electronics manufacturing

    Reserve Bank Of India

    IANS

    India’s emerging sectors like renewable power and semiconductors are anticipated to make fast advances on the again of the current initiatives by the federal government, in keeping with the RBI’s annual report launched on Thursday.

    The interim Union Budget 2024-25, with an allocation of ₹6,903 crore for semiconductor and show fabs, would contribute to creating India a global hub for chip and electronics manufacturing, the report states.

    Investments beneath the production-linked incentive (PLI) scheme are prone to acquire additional momentum going ahead. These elements are anticipated to create new employment alternatives, enhance labour incomes and strengthen home demand. Taking into consideration these elements, actual GDP progress for 2024-25 is projected at 7.0 per cent, the report states.

    Reserve Bank of India

    REUTERS/Vivek Prakash/Files

    The passage of ‘The Anusandhan National Research Foundation Bill, 2023’, has paved the best way for establishing the Anusandhan National Research Foundation (NRF), which would supply a lift to analysis and innovation in primary science, healthcare, and humanities.

    Furthermore, the National Quantum Mission (NQM), accredited at a complete value of round ₹6,000 crore (2023-24 to 2030-31), would scale up scientific and industrial analysis and improvement (R&D) and modern ecosystem in quantum know-how (QT). It would propel nationwide priorities like Digital India, Make in India, Skill India and Stand-up India, Start-up India, Self-reliant India and Sustainable Development Goals (SDGs).

    RBI

    All these initiatives, together with government-led funding within the infrastructure sector and growing adoption of digital applied sciences, are prone to increase productiveness and potential progress within the medium time period, the report states.

    (With inputs from IANS)

  • MG India signs MoU with Vertelo to deliver 3,000 EVs in phases

    Hyderabad: MG (Morris Garages) India, has inked an MoU with Vertelo, a Macquarie-managed integrated fleet electrification platform, funded by the Green Climate Fund. This partnership includes the delivery of 3,000 MG electric vehicles to Vertelo in a phased manner. Focused on providing sustainable mobility solutions to riders, the partnership will also work towards establishing a robust EV charging infrastructure in the country.

    “MG is constantly working towards offering electric mobility solutions and strengthening the EV infrastructure. This partnership between MG India and Vertelo demonstrates a shared vision for a green and sustainable future with decarbonisation in India. We also believe that this collaboration will augment our endeavours to offer advanced e-mobility solutions for passengers and boost the faster adoption of EVs in the country,” Gaurav Gupta, Chief Growth Officer, MG India, said.

    “This partnership with MG Motor India to purchase around 3,000 electric cars, marks the beginning of an exciting journey for both organisations with a common goal of accelerating fleet electrification and achieving Net-zero emissions. We are excited about this partnership, and we hope that the exciting range of electric vehicles that MG Motor plans to bring to India over the next few years coupled with Vertelo’s integrated electrification solutions for fleet operators and corporates will go a long way in accelerating the shift towards a more sustainable transportation ecosystem,” Sandeep Gambhir, Chief Executive Officer, Vertelo stated that

    MG’s vehicles highlight its leadership in auto-tech, consistently pioneering the introduction of futuristic solutions to its customers. Its current EV lineup includes the MG Comet—the Smart EV, a practical urban mobility solution. Additionally, the ZS EV, India’s first pure-electric internet SUV, provides a spacious and luxurious in-cabin experience, making it a comfortable and lucrative mobility choice.

    MG India has been instrumental in establishing a robust EV charging infrastructure with its ecosystem partners – Exicom Telesystems, ElectreeFi, EchargerBays, Ionage, Statiq, Epsilon, and Highway Delite. MG deployed 7.4kW chargers, averaging one installation per day, covering approximately 50 major cities. The company is also working closely with Glida, TPCL, BPCL, Jio-bp, Zeon, and ChargeZone for setting up EV charging infrastructure, and with Attero and Lohum for battery recycling, reuse, and life extension. Notably, the recent partnership with Shoonya – Zero Pollution Mobility campaign, led by NITI Aayog, underscores MG Motor India’s commitment to promoting electric vehicles.

  • WATCH: 10-ft-long crocodile fails to climb guard railing after straying into locality in northern India, rescued

    Locals in a neighbourhood in northern India’s Uttar Pradesh had been left panic-stricken after an enormous crocodile was seen wandering round. As per studies, the incident befell on Wednesday in the state’s Bulandshahr district. The crocodile is believed to have crawled out of a canal.

    After failing to cross the guard rail, the crocodile was rescued and released into the canal. Photo courtesy: Screengrab
    After failing to cross the guard rail, the crocodile was rescued and launched into the canal. Photo courtesy: Screengrab

    A video of the croc, which has now gone viral on the Internet, confirmed the reptile struggling to cross a railing and get again to the water. The crocodile tries to climb the guard railing however fails.

    Another video confirmed a bunch of individuals tying the crocodile with a rope, in an effort to safe and rescue it.

    As per studies, the reptile, measuring 10 ft, crawled out of the Ganga canal close to Narora Ghat. Seeing the croc wandering round, locals knowledgeable forest officers, who reached the spot and rescued the reptile.

  • Women Inspiring Network with World Woman Foundation to Host “India Creativity Session”

    Women Inspiring Network with World Woman Foundation to Host "India Creativity Session" during Cannes Lions International Festival of Creativity 2024

    Women Inspiring Network with World Woman Foundation to Host “India Creativity Session” throughout Cannes Lions International Festival of Creativity 2024
     
    Women Inspiring Network (WIN) is thrilled to announce an thrilling panel dialogue titled “India Creativity Session” in the course of the esteemed Cannes Lions International Festival of Creativity 2024. This extremely anticipated occasion, organized in collaboration with the World Woman Foundation, is scheduled for June 20, 2024 from 4:00 p.m. onwards at Canopy by Hilton Cannes, France.

    World Woman Cannes Agenda brings collectively forward-thinking feminine inventive minds in Cannes, France, showcasing how Creativity in Action can maintain the potential to drive change for girls and ladies. The #EqualityMoonshot initiative ignites new pondering to deal with international challenges. Concurrently, the Cannes Lions International Festival of Creativity celebrates impactful work in promoting and communications, providing a platform for professionals worldwide. This yr contains the “India Creativity Session,” spotlighting girls’s outstanding contributions to creativity and innovation. The panel dialogue gathers thought leaders to share insights and visions for the longer term, amplifying girls’s voices and shaping the inventive panorama.

    “At Women Inspiring Network, we imagine creativity is a catalyst for change. Through the World Woman Cannes Agenda, we harness the ability of innovation to deal with the challenges confronted by girls and ladies worldwide, driving in direction of a way forward for equality and alternative.” – mentioned Stuti Jalan, Founder of Women Inspiring Network.

    The session will characteristic a formidable lineup of audio system who’ve made vital contributions to the inventive business: Anupama Ramaswamy, Chief Creative Officer of Havas Worldwide India, has earned quite a few accolades together with gold at Cannes, Clio, and Adfest for her revolutionary concepts and highly effective campaigns. Meera Sharath Chandra, Founder, CEO, and Chief Creative Officer of Tigress Tigress, brings 35 years of worldwide expertise in class disruption, area of interest branding, and multicultural advertising, and has served on the juries of Cannes Lions, One Show, Clio, and extra. Neeta Nair,  Media Personality, covers the colourful Media, Marketing, and Advertising business in India, delivering in-depth tales and moderating influential panel discussions. Sonal Chhajerh, National Creative Director at Leo Burnett, brings a world perspective to impactful initiatives, driving real change throughout continents. Her revolutionary campaigns, just like the transformative work for P&G Whisper, have earned her quite a few accolades and a status as a frontrunner within the business, all whereas advocating for gender-sensitive communication.

    Stuti Jalan, founding father of Women Inspiring Network (WIN), will average the panel. As a pioneering entrepreneur, she started her journey in public relations and social media at 23, founding Crosshairs Communication. With over twenty years of expertise, she has led campaigns for 500+ manufacturers, incomes quite a few awards. WIN displays her dedication to empowering girls by data and networks. Stuti has curated 100+ panel discussions, together with at Davos in the course of the World Economic Forum in Davos, on subjects like girls’s management, innovation, AI, sustainability, and entrepreneurship.

    WIN invitations all attendees of Cannes Lions 2024 to be part of them for this inspiring session and be a part of the dialog that celebrates the inventive contributions of girls in India and past. This occasion is a superb alternative for networking, studying, and collaborating with among the brightest minds within the business. Together, we are able to foster a extra inclusive and revolutionary future.


    Neel Achary

  • India announces USD 1 million relief assistance for landslide-hit Papua New Guinea 

    (*1*)
    USD 1 million in relief help to Papua New Guinea following landslides. Photo Courtesy:   IOM/ Mohamud Omer

    The Indian authorities on Tuesday introduced USD 1 million in relief help to Papua New Guinea, the place 2000 persons are believed to have been buried following a landslide.

    India’s Ministry of External Affairs mentioned in a press release: “As a detailed buddy and accomplice underneath the Forum for India-Pacific Islands Cooperation (FIPIC) and as a gesture of solidarity with the pleasant individuals of Papua New Guinea, Government of India extends an instantaneous relief help of US$ 1 million to assist relief, rehabilitation and reconstruction efforts.”

    MEA mentioned India has firmly stood by Papua New Guinea throughout instances of problem and devastation brought on by pure disasters, as within the wake of the earthquake in 2018 and volcanic eruptions in 2019 and 2023.

    PM Modi expresses concern

    Condoling the lack of lives within the landslide, Modi assured all attainable help to the nation.

    “Deeply saddened by the lack of lives and injury brought on by the devastating landslide in Papua New Guinea. Our heartfelt condolences to the affected households and prayers for quick restoration of the injured. India is able to supply all attainable assist and help,” he posted on X.

    Friday’s landslide within the north of Papua New Guinea is prone to have been way more lethal than first thought, Serhan Aktoprak, the nation head of the International Organization for Migration (IOM) mentioned on Sunday.

    In a media interview,  Aktoprak mentioned that the neighborhood in Yambali village, located on the foot of a mountain within the distant Enga Province, is buried underneath between six to eight metres of soil.

    150 homes are believed to be buried, mentioned the senior UN official, round 90 greater than beforehand reported.

  • Global firms must tap local display manufacturing opportunities in India: Industry leaders

    ecnomy

    India is about for a major leap in local manufacturing of shows which presents a golden alternative for international corporations looking for to diversify their display provide chains past sure geographies, business leaders mentioned on Tuesday.

    The Indian market’s demand potential for shows is prone to rise to $60 billion by 2025.

    The home display manufacturing business is projected to develop at a booming 29.5 per cent CAGR because of the anticipated surge in the local manufacturing of cellphones, TVs and IT {hardware} merchandise.

    “We have a wonderful 50 per cent capex assist on pari-passu (equal footing) foundation as provided by the India Semiconductor Mission (ISM), additional supplemented by the state governments, however we’ve got not been capable of break floor past display meeting,” mentioned Pankaj Mohindroo, Chairman, India Cellular and Electronics Association (ICEA).

    Display has a serious 15-20 per cent place in the Bill of Material (BoM) which is near the opposite logic, reminiscence and different semiconductors.

    “It’s a matter of nice concern,” mentioned Mohindroo.

    Manufacturing Industry

    (Representational Image)Reuters

    Despite being the world’s third-largest shopper of display merchandise (accounting for 7 per cent of world income), the nation at present has insignificant home manufacturing.

    “This presents a novel alternative for worldwide corporations looking for to diversify their display provide chains past sure geographies, thereby complementing the home demand and likewise export from India,” the business leaders talked about.

    For a strong display manufacturing ecosystem in the nation, the AMOLED Research Center (ARC) has been arrange at IIT-Madras that goals to develop next-generation AMOLED shows for smartphones, tablets, watches and wearables.

    The nationwide Centre of Excellence is funded by MeitY, DRDO and Tata Sons.

    At the ‘SID Display Week’ in the US final week, S Krishnan, Secretary, MeitY, addressed the discussion board nearly and highlighted fiscal assist of fifty per cent capex assist on pari-passu foundation by the federal government to arrange display fabs in the nation.

    Harit Doshi, Secretary, Society of Information Display (SID) and CEO of Omniply Technologies, spoke a couple of conducive coverage framework in India for worldwide traders in the area of display manufacturing ecosystem.

    “These focused efforts goal to domesticate tangible funding opportunities and propel India to the forefront of display know-how improvement,” mentioned Mohindroo.

    (With inputs from IANS)