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It is now beyond doubt that <keyword id="3658" type="COUNTRY" weightage="80" keywordseo="India">India</keyword> is emerging as a strong <keyword id="34412" type="ORGANIZATION" weightage="40" keywordseo="economy">economy</keyword>. The traditional approach of market-based economic reforms adopted by India since 1991 has stood the country in good stead in recent times when most of the developed nations such as the US and the UK have found it tough to tide over the global economic crises. According to a PwC report, India may well overtake the US in terms of India’s <keyword id="35050" type="CITY" weightage="40" keywordseo="gdp">GDP</keyword> in purchasing power parity by 2045. 
 
But it is not the time yet to send out invites for the gala event. India may well be on the path to self-reliance, but its two biggest threats – in some way intertwined – are the changing political equations and international debt. 
 
Then there’s another factor we cannot ignore. Indian population is about to reach 1.27 billion this year and will soon overtake China that happens to be the country with the highest number of mouths to feed. India, with an economy of $1.842 trillion and a GDP of $2.55 trillion, carries a national debt of 78%. Even a novice can pinpoint this as a ‘danger’ zone. However, India’s debt is just 129% of its GDP (if that’s any solace) while China’s stands at 158%. Overtaking India on this front are Greece and Ireland. 
 
But overall, India, which has been enjoying the status of the IT superpower across the world with the highest number of software companies in the country and trained professionals spread across the globe, is on the path of recovery and growth, much to the surprise of all economists and financial soothsayers. 
 Despite the fact that every Indian citizen carries a debt of about Rs 50,000 (approx $808) while poverty and hunger still remain the key issues that must be tackled more efficiently, India was brave enough to tell the UK that it didn’t require any foreign <keyword id="6421428" type="ORGANIZATION" weightage="80" keywordseo="Aid">aid</keyword> from Great Britain. This became a raging discussion among British politicians and policy makers who said India was turning down £280 million in foreign aid at its own peril. 
 What caused this uproar from Britons and what led to such candid attitude shown by India? Simply put, when a country receives foreign aid, it is supposed to use the aid to meet the basics. For instance, the country has to build the basic infrastructure, provide basic education to its citizens, put systems in place that can ensure safety and food security, and create windows for other countries to participate in the progress of the receiving country. The <keyword id="6355833" type="ORGANIZATION" weightage="40" keywordseo="united-nations">United Nations</keyword> has urged the developed countries to spend nearly 0.7% of their national income on aid to nations that live on lesser fortunes and need help with these problems. 
 
In India’s case, all the above was true till about a few years ago when the country was only at the ‘receiving’ end. Historians can argue on who said it first, but the UK was forced to take a stand on stopping foreign aid to India after the latter launched its own space mission to Mars last year. 
 Even the US aid to India has consistently dropped in the recent years – from around $127 million in 2010 to $98.3 million in 2013. Adopting a more diplomatic approach, the US strategically turned India into its potential ally and said that the progress India had achieved ‘creates an opportunity to evolve the traditional donor-recipient <keyword id="212605" type="POSITION" weightage="40" keywordseo="model-of-development">model of development</keyword> into a true partnership.’ India’s rapid growth is, indeed, phenomenal in view of the fact that it is the same country that used up nearly $55 billion in aid during 1951-1992. For a country that struggled to execute its progress charters into the second Five-Year Plan in 1958, the UK had offered some $40 million in foreign aid. But today, the <keyword id="6356076" type="UNKNOWN" weightage="40" keywordseo="indian-economy">Indian economy</keyword> has turned so robust that the country has had the confidence to say ‘No, thanks’ to British aid, which will be completely stopped from 2015. 
 
The criticism from the British side came in the wake of India turning into a ‘donor’ to countries that have been on the brink of poverty and social crises, such as Afghanistan. India has approved developmental projects in Afghanistan to the tune of $100 million as part of India’s $2 billion aid package to the war-torn nation. In 2010, India extended an aid package of $1 billion in the form of credit to neighbouring Bangladesh while offering a credit of $5 billion to the African nations. 
 In the recent years, India has significantly ramped up its spending on social welfare schemes and rural development projects, with an objective to achieve comprehensive development. “Aid is past, <keyword id="44844" type="ORGANIZATION" weightage="80" keywordseo="Trade">trade</keyword> is future,” one of the Indian ministers said, and that seems to be the way ahead. Powered by its newfound economic growth, modern India is surely looking beyond aid.

Foreign Aid: India Moves From ‘Aid’ To ‘Trade’ With Its Donors

In its bid to build a solar India, <keyword id="6356755" type="COMPANY" weightage="20" keywordseo="IIT-Madras">IIT Madras</keyword> announced recently that it will be developing an efficient, cheap and clean way of power supply to villages using microgrids. For this, the institute has signed a MoU with power and automation technology company ABB India under government’s <keyword id="3873307" type="UNKNOWN" weightage="20" keywordseo="uchchatar-avishkar-yojana">Uchchatar Avishkar Yojana</keyword> scheme. 
 
They will be looking at developing a power management system to optimize the operation of multiple micro grids, with or without grid connection, to transmit electricity reliably to small villages. This system will also enable the integration of individual solar PV rooftops to the micro grid of a village. Such grid clusters are expected to have the capability of generating and using renewable energy locally from one kilowatt to a few hundred kilowatts. This inter-connection of micro grids with the existing distribution system will also help reduce outages and cut electricity costs. 
 
As of now, the government is looking at a generation capacity of 40 GW in the next five years through grid-connected solar photovoltaic rooftops and small scale solar PV plants. 
 
The project scope includes micro grids of 20 to 100 kW capacity equipped with battery storage. Detailed studies and simulation of the various system components along with related control and optimization logic, protection criteria, monitoring and communication will also be undertaken. 
 
"While India has set an ambitious target for solar energy generation, IIT Madras has been at the forefront in developing decentralised energy-efficient solar PV micro grid solutions tailored to meet India's urban, rural and off-grid power requirements," said Bhaskar Ramamurthi, Director of IIT Madras. 
 Meanwhile, ABB India's managing director <keyword id="222145" type="PERSON" weightage="20" keywordseo="Sanjeev-Sharma">Sanjeev Sharma</keyword> said - "In a country as huge and diverse as India, it is important to design models of integration with power management and load balancing for proven micro grids technology with the existing grid infrastructure." 
 
Interestingly, ABB’s Access to Electricity social initiative in India has already demonstrated significant impact in the country. 
 The company has brought <keyword id="70990" type="UNKNOWN" weightage="20" keywordseo="Solar-power">solar power</keyword> to 1,200 households in the Rajasthan desert and to over 100 households in the world’s largest delta region of the Sunderbans. This project follows two ongoing CSR projects with IIT-M; one for the design, installation and commissioning of a micro grid able to supply 50 kW power to a rural village, the other one to help establish and research the Center of Battery Engineering at IIT-M. 
 
ABB recently announced the setting up of India’s first solar-powered micro grid to provide uninterrupted power supply to its factories in Vadodara. 
 
With the slow but steady work by the institute, industry and the government, it seems India is not too far away from achieving its solar dream.

Building a Solar India: IIT Madras develops microgrid models for green power supply to light up remotest areas

India is organizing the 'Global <keyword id="22243491" type="General" weightage="20" keywordseo="IndiaAI-Summit-2024" source="keywords">IndiaAI Summit 2024</keyword>' under the aegis of the Ministry of Electronics and Information Technology, scheduled for July 3-4 in New Delhi. According to a press release by the Ministry of Electronics and IT, the summit aims to foster collaboration and facilitate knowledge exchange among international <keyword id="22243492" type="General" weightage="20" keywordseo="AI-experts" source="keywords">AI experts</keyword>, reinforcing India's dedication to ethical and inclusive AI growth. The Global IndiaAI Summit 2024 will serve as a vital platform for stakeholders from diverse sectors, including science, industry, civil society, governments, international organizations, and academia. These experts will convene to discuss key AI issues, share insights, and address the challenges faced by the <keyword id="20055332" type="General" weightage="20" keywordseo="AI-ecosystem" source="keywords">AI ecosystem</keyword>. By hosting this summit, India is reaffirming its role as a proactive player in the global AI community, focusing on advancing technologies that are safe, secure, and beneficial to society. As the lead chair of the Global Partnership on Artificial Intelligence (GPAI), India is set to host member countries and experts to advance GPAI's commitment to trustworthy AI practices. The summit aims to showcase India's capability to lead in the AI domain and emphasizes the country's goal of ensuring that AI benefits are accessible to all, thereby contributing to the nation's socio-economic development. Central to the summit is the <keyword id="20869035" type="General" weightage="20" keywordseo="IndiaAI-Mission" source="keywords">IndiaAI Mission</keyword>, an initiative designed to build a comprehensive ecosystem that promotes AI innovation across the country. This mission focuses on democratizing access to computing resources, enhancing data quality, developing indigenous AI capabilities, attracting top AI talent, fostering industry collaboration, providing risk capital to startups, ensuring the societal impact of AI projects, and promoting <keyword id="20750054" type="General" weightage="20" keywordseo="ethical-AI-practices" source="keywords">ethical AI practices</keyword>, read the press release. The IndiaAI Mission is built upon seven key pillars, each targeting a crucial aspect of AI development and deployment. The first pillar, IndiaAI Compute Capacity, aims to establish a scalable AI computing ecosystem with over 10,000 GPUs through public-private partnerships. This will include the creation of an AI marketplace offering AI as a service and pre-trained models, providing essential resources for AI innovators and researchers. The second pillar, IndiaAI Innovation Centre, focuses on developing and deploying large multimodal models (LMMs) and domain-specific foundational models tailored to the unique needs of India's diverse industries and sectors. The third pillar, IndiaAI Datasets Platform, seeks to streamline access to high-quality non-personal datasets through a unified platform. This initiative will support Indian startups and researchers by providing seamless data access, thereby aiding in the development of robust AI models. The fourth pillar, IndiaAI Application Development Initiative, aims to promote AI applications across critical sectors by addressing problem statements from various government bodies and institutions, focusing on creating impactful AI solutions for large-scale socio-economic transformation, read the press release. The fifth pillar, IndiaAI FutureSkills, is dedicated to reducing barriers to AI education by increasing the availability of AI courses at different academic levels and establishing Data and AI Labs in Tier 2 and Tier 3 cities. This effort is crucial for building a steady pipeline of skilled AI professionals, ensuring that talent development keeps pace with technological advancements. The sixth pillar, IndiaAI Startup Financing, supports deep-tech AI startups by providing streamlined access to funding and risk capital, nurturing a vibrant ecosystem of AI startups that drive technological advancements and economic growth. The seventh pillar, Safe &amp; Trusted AI, emphasizes responsible AI development through the implementation of projects focused on ethical AI practices. This includes developing indigenous tools and frameworks and establishing guidelines for the transparency and trustworthiness of AI technologies. 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India to host Global India AI Summit 2024 in New Delhi on July 3-4

<ul><li>Indian government approves private management of six more airports, adding to the list under the Public Private Partnership (PPP). </li><li>Delhi, Mumbai, Bangalore, Hyderabad and Cochin airports are currently managed under the PPP model. </li><li>PPP has not just created world-class airports, but has also helped the Airport Authority of <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> to enhance its revenues. </li></ul>The Union Cabinet on Thursday approved the leasing out of six airports -- <keyword id="5065" type="LOCATION" weightage="20" keywordseo="Ahmedabad">Ahmedabad</keyword>, <keyword id="6354779" type="LOCATION" weightage="20" keywordseo="Jaipur">Jaipur</keyword>, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru -- for operation, management and development under the Public Private Partnership (PPP). The cabinet provided "in-principle" approval for leasing out the airports under the PPP model, said an official statement. Currently, the airports being managed under the PPP model include Delhi, Mumbai, Bangalore, Hyderabad and Cochin. "While these PPP experiments have helped create world class airports, it has also helped AAI (Airports Authority of India) in enhancing its revenues and focusing on developing airports and air navigation infrastructure in the rest of the country," it said. As per the Civil Aviation Ministry statement, PPP in infrastructure projects brings efficiency in service delivery, expertise, enterprise and professionalism apart from harnessing the needed investments in the public sector. The decision to lease the airports under the PPP model is expected to enhance the revenue to AAI and increase the economic development in the concerned areas in terms of job creation and related infrastructure, as per the statement.

India will privatise the management of six more airports to improve country’s aviation infrastructure

After unveiling his ambitious ‘100 Smart Cities’ and ‘Digital India’ plans, <keyword id="71" type="POSITION" weightage="20" keywordseo="Prime-Minister">Prime Minister</keyword> Narendra Modi—last month launched another audacious scheme Saansad Adarsh Gram Yojana (Parliamentarian's Model Village Scheme; this is also known as SAGY). This is his strategic move to prepare rural India for the digital age and ensure that benefits of the government’s growth endeavours are effectively percolated to communities residing on the fringes of the mainstream society. 
 
In a nutshell, the scheme aims at creating 2,500 smart villages by 2019—Each MP should ensure that one village is turning into a model village by 2016, followed by two more villages by 2019. After 2019, each MP must develop five model villages during their tenure in their constituencies till 2024. Modi also wants MLAs to join the programme, which will add 7,000 more villages to the ‘smart club’. 
 
The initiative aims at holistic development where model villages are connected to the Internet (all government or administrative documents will be made available in digital form; thus villagers don’t need to travel to other cities to submitting applications to or getting certificates from government bodies) and where all households have access to clean water, sanitation and low-carbon energy. Model villages will be provided basic amenities that are often only available in urban areas, and a social security system. The scheme also has an inherent rider to prevent MPs from misusing it—the selected villages should neither be MPs’ own villages, nor belonging to in-laws or other relatives. 
 
These select villages are expected to reach a certain level of proficiency in terms of development that will help prevent migration of villagers to cities and farmers’ suicide; besides offering jobs to youth at local level. A litany of socially-oriented programmes can be incorporated and implemented under the scheme. It includes developing biogas plant that could make a village self-reliant for fuel requirements; implementing drip irrigation to meet water requirements for crops and providing nutritional food for pregnant women to prevent mortality (maternal or infant). 
 
SAGY comes close on the heels of the plan to develop 100 smart cities which was announced by Modi earlier. Supported by a budget allocation of Rs 7,060 crore, the plan has already elicited euphoric response from the IT sector and according to market research firm IDC, at least Rs 2,000 crore will flow into the IT sector on the back of the ‘smart cities’ initiative. 
 The smart cities may take inspiration from similar initiatives in developed countries and are likely to be modeled after local projects such as Lavasa smart city, built by HCC near Pune; Electronics City in Bangalore where US-based Cisco Systems is involved in city developmental operations; and Dholera in Gujarat all of which are under different stages of construction and completion. The government has already signed a pact with <keyword id="104972" type="ORGANIZATION" weightage="20" keywordseo="Japanese-government">Japanese government</keyword>, which will help turn Varanasi into a smart city. 
 
The smart village initiative is also an extension of Modi’s ‘digital India’ plan, which aims to promote digital inclusion with broadband connectivity down to the village level, enabling improved access to services through IT-enabled platforms. The initiative, which is worth Rs 1.13-lakh crore, will not just provide last mile internet connectivity, but also offer better access to government services and enhance development of IT skills among local people, especially youth. 
 For Modi, who is criticised as pro-business and less-socially oriented, the ‘smart village’ initiative is an opportunity to show that the <keyword id="806977" type="POSITION" weightage="20" keywordseo="development-model">development model</keyword> that he envisages is not exclusive of people in the remote villages of the country. 
 
Image: Indiatimes

Smart Villages: Lending A Rural Flavour To Modi’s Growth Agenda

In an effort to cement its position in the country, <a href="http://www.businessinsider.in/searchresult.cms?query=hyundai+motor+india">Hyundai Motor India</a> is planning to launch 2-3 new models every year till 2020. 
 
The second largest car maker in India wants one per cent growth in its market share each year with its <a href="http://www.businessinsider.in/searchresult.cms?query=car+launch">car launches</a>. 
 "In the last two years we have launched seven models. We plan to launch 2-3 new models, including full model changes, every year continuously till 2020," said <keyword id="108829" type="CITY" weightage="20" keywordseo="Hyundai-Motor-India">Hyundai Motor India</keyword> MD &amp; CEO BS Seo while inaugurating first dealership in Leh. 
 
Presently, Hyundai Motor India has more than 16% market share in the overall passenger vehicle segment with its models like <a href="http://www.businessinsider.in/searchresult.cms?query=i20">i20</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=creta">Creta</a>. 
 
It is also developing models like a <a href="http://www.businessinsider.in/searchresult.cms?query=MPV">Multi Purpose Vehicle</a> (MPV), a small <a href="http://www.businessinsider.in/searchresult.cms?query=SUV">SUV</a> and full model changes for its sedans Elantra and Verna to catch the Indian market. 
Hyundai is going to face competition as Suzuki also plans to roll out 15 new models by 2020. 
 
"We will keep bringing great products into the Indian market continuously to satisfy the customers here. We want to be the most loved and trusted company in the Indian market," Seo said. 
 
(Image: Thinkstock)

Hyundai will make sure its vehicles rule Indian roads as it plans to launch 2-3 new models every year

Are you tired of carrying ‘n’ numbers of cards as soon as you leave your house? The government has come out with a solution. The <keyword id="162100" type="ORGANIZATION" weightage="80" keywordseo="Ministry-of-Urban-Development">Ministry of Urban Development</keyword> has launched a NCMC model to enable seamless travel by metros and other transportation systems across the country. 
 
You can use the same card based on the Smart National Common Mobility Card (NCMC) model for shopping as well. This card does away with the need for carrying separate cards for banking and transit requirements. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=Urban+Development+Minister+M+Venkaiah+Naidu+">Urban Development Minister M Venkaiah Naidu</a> has approved the 'EMV Open Loop Card with stored value' for this initiative. 
 
Earlier, Naidu had set up a committee chaired by the additional secretary in the ministry to find an inter-operable mobility card that can be used across different transport systems in India and which can also be used as a <a href="http://www.businessinsider.in/searchresult.cms?query=credit+or+debit+card+">credit or debit card</a> as well. 
 This committee had representatives of <keyword id="6373306" type="ORGANIZATION" weightage="60" keywordseo="National-Informatics-Centre">National Informatics Centre</keyword> (NIC), <keyword id="1306047" type="ORGANIZATION" weightage="40" keywordseo="Centre-for-Development-of-Advance-Computing">Centre for Development of Advance Computing</keyword> (C-DAC), <keyword id="59330" type="ORGANIZATION" weightage="80" keywordseo="Bureau-of-Indian-Standards">Bureau of Indian Standards</keyword> (BIS), National Payment Corporation of India (NCPI) and the <a href="http://www.businessinsider.in/searchresult.cms?query=Ministry+of+Finance">Ministry of Finance</a>. 
 
After studying different models used across the world, the committee has recommended the EMV Open Loop Card with stored value. 
 
This Smart Common Mobility Payment Card addresses the deficiencies associated with other cards being used in <a href="http://www.businessinsider.in/searchresult.cms?query=Singapore+">Singapore</a> and other countries. This card meets travel needs based on stored value of money. The card can be used for travelling by any means of transport and also enables account based retail applications. 
 Globally, there is no nationwide common card except in <keyword id="6356662" type="COUNTRY" weightage="60" keywordseo="Singapore">Singapore</keyword> where in inter-operability is confined to the city only. The committee has therefore recommended the EMV Open Loop Card with stored value for use across the country. 
 The ministry has decided to task the <keyword id="394949" type="CITY" weightage="60" keywordseo="National-Payments-Corporation">National Payments Corporation</keyword> of India with indigenous development and management of clearing and settlement of payments, simulating cards, terminals and network, a support base of vendors for providing certified tools, cards, terminals and other services, in line with the <a href="http://www.businessinsider.in/searchresult.cms?query=%27Make+in+India%27+">'Make in India'</a> initiative. 
 
(Image: Indiatimes)

Now travel anywhere within India using the same card!

New Delhi, Nov 25 () The government has asked Coal India to produce at least 2 mmscmd of coal bed methane gas in the next two to three years, according to an official. 
 The coal ministry has directed the consultancy arm of Coal India (CIL) to be actively involved in coal bed methane (CBM) development in state-run firm's leasehold areas, the official said.
 This development assumes significance after the cabinet, last year, relaxed rules for Coal India for extraction of natural gas lying below coal seams in its blocks in a bid to quickly boost production.
 CBM is a form of natural gas trapped in coal seams underground, which can be extracted by drilling into the seam.
 According to the official, coal ministry had last month asked the officials of Central Mine Planning and Design Institute (CMPDI) - the consultancy arm of CIL to get involved more actively for CBM development in CIL leasehold areas.
 "For this purpose, a suitable model may be finalised in consultation with respective CIL subsidiaries, and CIL should produce at least 2 million metric standard cubic metres a day (mmscmd) gas in two-three years' time as the country needs such clean gas," the official said.
 CMPDI informed the ministry that a model contract document and request for proposal to select CBM developer have been prepared and submitted to coal companies, the official said.
 "It was informed that the document will be approved by the respective subsidiary boards and then the CBM operators will be engaged," the official added.
 CMPDI was of the view that joint venture with coal production companies, being lessee, might expedite CBM development, the official said.
 Coal India accounts for over 80 per cent of domestic coal output. SID SID ANS
ANS

Govt asks Coal India to produce at least 2 mmscmd of gas in 2-3 yrs

New Delhi, Jan 22 () Ghana wants to replicate the highly successful Ujjwala model of giving out cooking gas (LPG) connections to the need and has signed an agreement with state-owned Indian Oil Corp (IOC) seeking its assistance and technical expertise in implementation of the African nation's national LPG promotion policy.
 Alhassan Sulemana Tampuli, Chief Executive, National Petroleum Authority (NPA) of Ghana and L K S Chauhan, Chief General Manager (LPG Operations), IOC signed the MoU in presence of Oil Minister Dharmendra pradhan and Michael Aaron, High Commissioner of Ghana to India.
 "With India's emergence as a world leader in provision of clean energy to its citizens by the expansion of its LPG network, Ghana sought assistance from India in its own efforts to promote to safe, clean and environmentally friendly LPG for increased domestic, commercial and industrial usage," an IOC press statement said.
 LPG coverage in Ghana is just 23 per cent and customers have to queue up at petrol stations with cylinders to get a refill. It wants to replicate the Indian model of setting up bottling plants where LPG can be filled in cylinders which are then transported to dealers who deliver them at customer doorstep with a view to expand the coverage to cover at least 50 per cent of the population.
 Under the Memorandum of Understanding (MOU), IOC would support the NPA on the successful implementation of the Re-circulation Model (CRM) of LPG.
 IOC will support to NPA in development of health, safety, security and environment (HSSE) standards as well as design licensing, permit and legal framework. It will help NPA develop economics for LPG bottling plant, pricing structure, and communication strategy.
 The company "will also assist in areas of infrastructure development for the new LPG value chain, support for upgrading capacities of institutions along with policy development and review," the statement said.
 As many as 8 crore free cooking gas connections were given to poor women in three years under the Pradhan Mantri Ujjwala Yojana. ANZ MKJ

Ujjwala inspires Ghana, India to assist Ghana in implementation of its LPG promotion policy

<a href="http://www.businessinsider.in/searchresult.cms?query=maruti+suzuki">Maruti Suzuki</a> launched sophisticated <a href="http://www.businessinsider.in/searchresult.cms?query=baleno">Baleno</a> at a starting price of Rs 4.99 lakh in petrol version, while the top diesel model is priced at Rs 8.11 lakh. 
 
The automaker is eying the premium hatchback segment and its Baleno will compete with Volkswagen Polo, Honda Jazz, etc. 
 
Baleno’s petrol automatic variant, having continuously variable transmission (CVT), will be sold at Rs 6.76 lakh (all prices ex-showroom Delhi). 
 
Maruti's NEXA dealerships have already received display and demo units. 
 
Baleno is fitted with <a href="http://www.businessinsider.in/searchresult.cms?query=apple+carplay">Apple CarPlay</a> and MSI will be the first OEM in India to offer it. 
 
READ ALSO: <a href="http://www.businessinsider.in/Made-in-India-Maruti-Baleno-to-ply-on-international-roads-soon/articleshow/49349700.cms">‘Made in India’ Maruti Baleno to ply on international roads soon</a> 
 
The model also has features including multi-information speedometer and UV reduction glasses. 
 Baleno is not only for the Indian market as <keyword id="44883" type="CITY" weightage="20" keywordseo="Maruti-Suzuki">Maruti Suzuki</keyword> will also manufacture and export the hatchback for 100 global markets. 
 
"Baleno is a real global model to satisfy our customers not only in India but also across global markets," said MSI Managing Director and CEO Kenichi Ayukawa, adding “the model comes with sophisticated design and advanced technology.” 
 
MSI and its supplier partners have raked in Rs 1,060 crore in Baleno’s development. 
 
Around 5-5.3 lakh compact segment cars are sold every year in India. 
 
Maruti Suzuki plans to launch several models this fiscal and has set a target of achieving two million sales annually by 2020. 
 
(Image: Indiatimes)

Maruti Suzuki launches the Baleno, its most ambitious yet at Rs 4.99 lakh

New Delhi, Feb 10 () Sebi has shortlisted as many as eight companies, including Infosys, Wipro and IBM India, to implement a "data analytics project" through which the regulator wants to track possible market manipulations such as insider trading and front running. The move is part of Sebi's efforts to address and handle challenges arising out of technological advancements in the markets. In November, the regulator had invited expression of interest (EoI) from "reputed and reliable solution providers for implementation of data analytics project and building of data models at Sebi". The analytics/model development would include developing new models, implementing analytics project, establishing linkages between various entities in the market, automated extraction of details from documents filed with Sebi and prediction of market manipulations such as insider trading and front running. Accordingly, the Securities and Exchange Board of India (Sebi) invited bids from companies to provide such services. After evaluating the responses, the regulator in a latest notice said, it has shortlisted eight firms -- PWC Pvt Ltd, Capgemini Technology Services India, Decimal Point Analytics , Wipro, IBM India, NEC Technologies India, Hewlett Packard Enterprise India and Infosys for "further process." In November, Sebi Chairman Ajay Tyagi announced that the regulator plans to spend Rs 500 crore on information technology in the next five years as well as have a "data lake project". The project is aimed at augmenting analytical capability at Sebi with advanced analytical tools such as artificial intelligence and machine learning, deep learning, big data analytics, pattern recognition, processing of structured and unstructured data, text mining and natural language processing, among others. Besides, the regulator, in its annual report for 2018-19, had said it intends to deploy data analytics and new generation technologies to deal with various challenges in the market. As per the report, the regulator would continue to strengthen market supervision through steps such as technology solutions being built to achieve the objective of identifying non-compliance and assisting in investigation. SP ANUANU

Sebi bets big on tech; shortlists IBM India, Infy, Wipro, others for data analytics project

New Delhi, Dec 17 () The Asian Development Bank (ADB) has signed a USD 250 million loan agreement with the Centre to expand energy efficiency investments in India, according to an official statement.
The loan agreement to provide loan to Energy Efficiency Services Limited (EESL) was signed on Monday.
"The Asian Development Bank (ADB) and the Government of India on December 16, 2019 signed a USD 250 million loan to Energy Efficiency Services Limited (EESL) to expand energy efficiency investments in India that will benefit agricultural, residential and institutional consumers," according to the statement.
In addition to this, USD 46 million financing will be provided from the Clean Technology Fund (CTF) that will be administered by the ADB.
The ADB previously approved a USD 200 million loan to public sector company EESL in 2016 for demand side energy efficiency sector project that focused on efficient lighting and appliances.
EESL will also explore business models to generate greater public demand for e-vehicles to support India's current push for electric vehicles.
Besides the loan amount, a technical assistance (TA) of USD 2 million will be provided to support EESL in implementing the project, including a gender action plan, mobilising private sector participation in energy efficiency services, identifying new business opportunities, and transferring knowledge about successful models, the statement said. PRS BAL

ADB, India sign pact to provide $250 mn loan to EESL

<ul><li>Gujarat Mahila Housing Sewa Trust and <keyword id="5252225" type="General" weightage="80" keywordseo="villgro-innovation-foundation" source="Orion">Villgro Innovation Foundation</keyword>, are currently leveraging artificial intelligence to address the threats of water scarcity and flooding across the country.</li><li>These non-profit organisations have recently been selected among 13 local sustainability organisations to receive support from the APAC Sustainability Seed Fund.</li></ul>New Delhi, Two Indian organisations, Gujarat Mahila Housing Sewa Trust and Villgro Innovation Foundation, are currently leveraging artificial intelligence (AI), <keyword id="294572" type="General" weightage="80" keywordseo="machine-learning" source="Orion">Machine Learning</keyword> (ML) and Internet of Things (IoT) to address the threats of water scarcity and flooding across the country, <keyword id="6355629" type="General" weightage="80" keywordseo="google" source="Orion">Google</keyword> has said. These non-profit organisations have recently been selected among 13 local sustainability organisations to receive support from the APAC Sustainability Seed Fund to explore new use-cases for AI, ML and IoT models that can help manage water supply and inundation risks across the country. "<keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword>'s population could be susceptible to severe water-related challenges across its vast geographic landscape and many climatic zones, if global temperatures cross the threshold temperature rise of 1.5 degree Celsius, which the Intergovernmental Panel on Climate Change expects could occur within this decade," said Sanjay Gupta, <keyword id="191922" type="General" weightage="80" keywordseo="country-head" source="Orion">Country Head</keyword> and Vice President, Google India. The tech giant supported the APAC Sustainability Seed Fund, founded by the Asian Venture Philanthropy Network (AVPN), with a $3 million grant by Google.org, Google's philanthropic arm, in partnership with Asian Development Bank. This fund enables local organisations working hard to develop solutions for sustainable practices and combating the effects of climate change across APAC, be it heat waves, rising sea levels or loss of biodiversity. Gujarat Mahila Housing Sewa Trust is focused on empowering and equipping women across India to build sustainable and gender-inclusive cities, providing training and technical expertise in construction, technology, and urban governance. With the grant, the organisation aims to develop an AI-enabled model for building climate resilience in Amalner, Maharashtra to serve as an archetype for a small urban town in India. "The project will pioneer the mapping of land use and catchment areas to predict their susceptibility to floods and inundation, which will contribute to protecting natural drainage systems," said Gupta. The grant is supporting Villgro Innovation Foundation's partnership with 'CultYvate' to develop a mobile and browser-based application, IoT sensors, satellite data, and AI/ML models that will provide farmers in India with real-time insights and advice for irrigation management. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/what-are-vishing-scams-that-start-with-a-namaste-and-end-with-monetary-losses/articleshow/99762900.cms">What are ‘vishing scams’ that start with a Namaste and end with monetary losses</a> <a href="https://www.businessinsider.in/tech/news/sony-wh-ch720n-headphones-review-featherweight-comfort-and-impressive-sound/articleshow/99911412.cms">Sony WH-CH720N headphones review: Featherweight comfort and impressive sound</a>

You Searched For "india development model" and got 13 results

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