India successfully test-fires medium range surface-to air missile off Odisha coast
The missile was fired from a ground mobile launcher at launch pad number-1 of the Integrated Test Range (ITR) near here at 3.55 pm, and it hit the target with accuracy, the sources said.The DRDO has jointly developed the missile in collaboration with Israel Aerospace Industries.
By Press Trust of India | Posted by Ayshee Bhaduri | Balasore
UPDATED ON DEC 23, 2020 06:20 PM IST
India on Wednesday successfully test-fired a medium range surface-to-air missile (MRSAM) from Odisha coast, defence sources said.
The missile was fired from a ground mobile launcher at launch pad number-1 of the Integrated Test Range (ITR) near here at 3.55 pm, and it hit the target with accuracy, the sources said.
An unmanned air vehicle (UAV), ‘Banshee’, was first flown into the air, which was hit by the MRSAM.
The Defence Research and Development Organisation (DRDO) has jointly developed the missile in collaboration with Israel Aerospace Industries.
The MRSAM has been manufactured by Bharat Dynamics Ltd.
After its induction into the Indian army, the missile will significantly enhance the combat effectiveness of the defence forces, they said.
The entire mission trajectory from the launch to plunging into the sea was monitored by various radars and electro-optico instruments, the sources said.
Prior to the test, Balasore district administration in consultation with DRDO temporarily evacuated 8,100 people residing within 2.5 km radius of the launch pad to the nearest shelter centres on Wednesday morning, a revenue department official said.
Centre, states need to discuss fuel taxes, says Sitharaman
By Gireesh Chandra Prasad, Hindustan Times, New Delhi
PUBLISHED ON MAR 06, 2021 02:15 AM IST
- In an interaction with members of the Indian Women’s Press Corps (IWPC), Sitharaman said that consumer sentiment about the tax burden on auto fuel was understandable.
Reliance to bear the cost of covid shots for its staff
By Kalpana Pathak, Hindustan Times, Mumbai
PUBLISHED ON MAR 06, 2021 02:10 AM IST
- Nearly 1.1 million vaccine doses were administered to people above the age of 60 and those in the 45-59 age group till Thursday.
Govt plans to scrap 6,000 compliances
By Asit Ranjan Mishra, Hindustan Times, New Delhi
PUBLISHED ON MAR 06, 2021 02:04 AM IST
- Mohapatra said the idea came during Modi’s meeting with Marriott International president and chief executive Arne Sorenson, who complained about the complex regulations in starting and running a hotel in India.
ICICI cuts home loan rates to a decadal low
By Shayan Ghosh, Hindustan Times, Mumbai
PUBLISHED ON MAR 06, 2021 02:00 AM IST
- ICICI Bank’s move comes days after rival lenders such as State Bank of India (SBI), Kotak Mahindra Bank and Housing Development Finance Corp. Ltd cut their home loan rates.
Voting on corp resolutions compulsory for MFs: Sebi
By Neil Borate, Hindustan Times, Mumbai
PUBLISHED ON MAR 06, 2021 01:57 AM IST
- These votes will have to be disclosed to unit holders under existing regulations. Voting will be at the MF level (rather than scheme level).
Toyota SUV sales may skid on gaps in chipset supply
By Malyaban Ghosh, Hindustan Times, New Delhi
PUBLISHED ON MAR 06, 2021 01:55 AM IST
- Supply of vehicles from Maruti Suzuki India Ltd—as part of the alliance with Suzuki Motor Corp—has helped Toyota increase its domestic market share in the premium hatchback and entry-level SUV segment, where it was not present before.
Total factories in India grew by 2% in 2018-19
By Abhishek Jha, Hindustan Times, New Delhi
PUBLISHED ON MAR 06, 2021 01:51 AM IST
- The top three states by GVA were Maharashtra, Gujarat, and Tamil Nadu. They had a share of 41% in the total GVA. Rural India added nearly as much GVA (49%) as urban India (51%).
How do India’s fuel taxes impact the less affluent?
By Vineet Sachdev, Hindustan Times, New Delhi
UPDATED ON MAR 06, 2021 01:36 AM IST
- Using average consumption shares to calculate the burden of an indirect tax has a problem.
India says OPEC+ decision to extend oil output cuts will hit economic recovery
Reuters, New Delhi
PUBLISHED ON MAR 05, 2021 10:47 PM IST
Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months in reaction to the decision.
Gender inequality has cost world USD 70 trillion since 1990, finds report
PTI, Mumbai
PUBLISHED ON MAR 05, 2021 09:47 PM IST
The report also notes that full gender equality globally can increase the world GDP by up to USD 28 trillion by 2025.
Gold price falls further to ₹44,344, sets retail buyers on buying spree
By hindustantimes.com | Edited by Ayshee Bhaduri, Hindustan Times, New Delhi
UPDATED ON MAR 05, 2021 09:07 PM IST
- Retail buyers continued to purchase gold in India as prices declined to a near one-year low.
Sebi lays guidelines on votes cast by mutual funds
Posted by Harshit Sabarwal | PTI
PUBLISHED ON MAR 05, 2021 06:52 PM IST
Mutual funds, including their passive investment schemes like index funds, exchange-traded funds (ETFs), will be required to cast votes compulsorily in respect of related party transactions of the investee companies and corporate governance matters, Sebi said in a circular.
India's forex reserves increase by USD 689 million to USD 584.55 billion: RBI
PTI, Mumbai
PUBLISHED ON MAR 05, 2021 06:14 PM IST
The reserves, which have been steadily increasing over the last few months, had touched an all-time high at USD 590.185 billion for the week ended January 29.
OPEC ignores India's call; Saudi asks New Delhi to use cheap oil bought last yr
PTI, New Delhi
PUBLISHED ON MAR 05, 2021 05:51 PM IST
India had purchased 16.71 million barrels of crude in April-May, 2020 and filled all the three Strategic Petroleum Reserves created at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka.
Tax cut should be joint call of Centre, states: Sitharaman on high fuel prices
PTI, New Delhi
UPDATED ON MAR 05, 2021 09:30 PM IST
Taxes on petrol and diesel make up for about 56 per cent of the record high diesel rates.