Reading Time: 7 mins The Service sector which has been the largest and fastest growing sector of India in the past three decades has been worst hit by the pandemic and pandemic induced Lockdown of boundaries. But according to recent Purchasing Manager’s Index (PMI), it is showing signs of recovery due to opening up of the economy and phased unlock program. It had been contracting for seven months in a row after registering a seven year high in January 2020. Though the PMI for services sector is still under 50 which is sign of contraction, it has increased significantly.
Reading Time: 10 mins The Indian handloom industry is one of the oldest and largest cottage industries in India with a standing ancient tradition dating back thousands of years for their excellent craftsmanship, representing the vibrant Indian culture. Indian artisans dating back to the Egyptian Babylonian times had such fine mastery over their fabrics. They were appreciated globally for their hand spinning, weaving and printing techniques that were handed down from generations. Among the largest in the world, this industry employs close to 10 million artisans in India and is considered the second-largest income-generating activity after agriculture in rural India. The crisis caused by COVID-19 has resulted in a sudden disruption of all businesses across the globe including the handloom sector. The sector has severely affected by the closure of the traditional and contemporary market for artisans. Recently, India has celebrated the National Handloom Day and it was on August 7, 2020, for the first time India does so without the All India Handloom Board. The Union Ministry of Textile has abolished the All India Handloom Board in consonance with the Government of India’s vision of ‘Minimum Government and Maximum Governance’ on August 3, 2020.
Reading Time: 13 mins With a population of close to 1.4 billion and a fast-growing economy with enormous potential to grow, India’s energy mix in future years will be critical for the climate action targets of the world and India itself. India is already the third-largest energy-consuming economy after China and the United States. In this backdrop, India’s solar energy targets are discussed widely for its ambitious targets, the strategy to achieve it, and the gap between current status and required efforts. The debate came to the fore once again when the Prime Minister in recently Inaugurated a 750 MW solar project in Rewa district Madhya Pradesh.
Reading Time: 7 mins The Covid-19 pandemic has brought the spotlight on the health-promoting and disease-preventive solutions of Ayush disciplines. Recently, the operational integration of Ayush Grid, the emerging IT backbone for AYUSH Sector with the National Digital Health Mission (NDHM), was endorsed at a high-level meeting. This integration will be immensely beneficial to the public for availing varied options for their health needs. The integration will also accelerate the mainstreaming of the AYUSH disciplines of healthcare.
Reading Time: 6 mins The hazardous effects of pollutants from conventional fuel vehicles have caused the scientific world to move towards environmentally friendly energy sources. Though we have various renewable energy sources, the perfect one to use as an energy source for vehicles is hydrogen. Hydrogen fuel cell technology represents one of the alternative solutions for future clean energy systems. Recently, The Ministry of Road Transport and Highways has notified standards for the safety evaluation of hydrogen fuel cell-based vehicles. The move is primarily aimed at a significant push for hydrogen vehicles in the country.
Reading Time: 7 mins With the drastic spread of the Novel Corona Virus, Covid-19 originated from the city of Wuhan of China, Countries started declaring National Emergency and complete lockdown. Almost all sectors of the economy got severely affected by this, in which the most prominent sectors are Tourism and Hospitality sector. The tourism sector of a country generates foreign exchange, drives regional development, and directly supports various businesses and numerous types of jobs such as catering, tourist operators etc. The Hospitality Industry in itself is very vast and includes lodging, food and drink services, event planning, transportations and even theme parks, so the employment capacity is also quite high in this sector. According to the latest UN report, Global tourism which accounts for the 10% of total global GDP lost USD 320 billion in 5 months and more than 120 million jobs at risk due to the COVID 19 pandemic. The impact of the novel coronavirus on India’s tourism and hospitality sector jobs is nothing short of severe.
Reading Time: 6 mins The tunnel connecting Manali to Leh under the Rohtang Pass in the eastern Pir-Panjal Range of the Himalayas on the Leh-Manali highway is now ready after 10 years, which is considered to be the world’s longest highway tunnel and is expected to be inaugurated by Prime Minister Narendra Modi in late September this year. The tunnel is at a height of over 10,000 feet (3000 meters). The 9.02-km-long tunnel is named after former Prime Minister Atal Bihari Vajpayee. It took four more years than the original estimated time of less than 6 years to complete this strategic tunnel. The tunnel will reduce the distance between Manali and Leh of up to 46 kilometres and the travel time of up to 4 hours.
Reading Time: 6 mins The Information and Broadcasting Ministry (I&B) recently proposed bringing under its purview the contents that are streamed on Over-the-top platforms (OTTs). There is a debate going on over the content on the OTTs, its regulation and the lack of it. In the light of the pandemic lockdown, when the traditional means of entertainment like Theatre are unavailable and consumer is largely moving towards these OTT platforms, some experts believe there is a scope for regulating the OTT content.
Reading Time: 7 mins Recently, The Union Cabinet approved the formation of the Indian National Space Promotion and Authorization Centre (IN-SPACe). The move marks the first leap in opening up the space sector to the private players after the Finance Minister declared government’s intentions to open up in her declaration of Atmanirbhar Package.