Economic Vision and Space Sector Push Highlight PM Modi's Address
Prime Minister Narendra Modi addressed the Economic Times World Leaders Forum, asserting that India, guided by the mantra of "reform, perform, and transform," is poised to help lift the world out of slow growth. He stated that India is on track to become the world's third-largest major economy and a developed nation by 2047. Emphasizing commitment to reforms, he indicated that the next-generation GST reform process, aimed at simplification, would be completed before Diwali. The Prime Minister also urged the private sector to increase investment in research and development across critical sectors like clean energy, quantum technology, battery storage, and biotechnology to strengthen the vision of a developed India.
On National Space Day, Prime Minister Modi further urged India's private sector and startups to set a goal of launching 50 rockets annually, affirming the government's intent and willpower to implement the necessary reforms. He highlighted India's progress in the space sector, noting its increasing role in governance through applications in crop insurance, fisheries, disaster management, and the PM Gati Shakti National Master Plan. Modi also announced that India would build its own space station in the coming years, with the first private sector-built PSLV rocket and India's first private communication satellite already under development.
CBI Books Anil Ambani in Alleged Bank Fraud Case; Ambani Denies Claims
The Central Bureau of Investigation (CBI) has filed a case against Reliance Communications (RCOM) and its promoter director, Anil Ambani, for an alleged bank fraud amounting to over ā¹2,000 crore, causing a significant loss to the State Bank of India. The agency conducted searches at Ambani's residence and RCOM premises in connection with the case. Following the raids, industrialist Anil Ambani denied the allegations of a ā¹2,000-crore bank fraud.
India to Jointly Manufacture Advanced Jet Engines with France
In a significant boost to India's fifth-generation fighter aircraft programme, Defence Minister Rajnath Singh announced that India would jointly manufacture advanced jet engines with the French aerospace major Safran.
Fiji Prime Minister Arrives for Four-Day Visit
The Prime Minister of the Republic of Fiji, Sitiveni Ligamamada Rabuka, arrived in New Delhi on Sunday for a four-day visit, accompanied by his spouse, Suluweti Rabuka.
Heavy Rains Cause Floods and Disruptions
Continuous heavy rainfall in Jammu & Kashmir's Kathua district has led to a flash flood-like situation, causing the Sahar Khad river to swell and damaging a bridge near Logate Mor on the Jammu-Pathankot National Highway. Separately, the Indian Army launched relief operations in the rain-battered Chamoli district in Uttarakhand following a cloudburst that extensively damaged the Tharali tehsil office.
Cheteshwar Pujara Announces Retirement from All Forms of Cricket
Veteran Indian cricketer Cheteshwar Pujara announced his retirement from all forms of Indian cricket.