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HARTING joins MIT’s Industrial Liaison Program
This participation will support company endevours to offer better solutions to their partners worldwide.Read more
Budget 2021-22: On reform and rationalisation path
Fiscal deficit in RE 2020-21 is pegged at 9.5% of GDP, while fiscal deficit in BE 2021-2022 is estimated to be 6.8% of GDP. Intends to reach a fiscal deficit level below 4.5% of GDP by 2025-2026 with a fairly steady decline over the period.Read more
Budget 2021 aims to rationalise duties; proposes changes to benefit MSMEs
To benefit MSMEs, budget proposes to increase duty on steel screws, plastic builder wares and on certain auto parts. The budget 2021 proposes to review 400 old exemptions in the custom duty structure this year.Read more
Budget 2021 to boost public transport; Railways to spend Rs 1.07 trn in capex
The government plans to deploy two new technologies i.e. MetroLite and MetroNeo to provide metro rail systems at much lesser cost with same experience, convenience and safety in Tier-2 cities and peripheral areas of Tier-1 cities. Read more
FM increases capex by 34.5% in Budget 2021-22 to Rs 5.54 trillion
In addition, more than Rs 2 trillion will be provided to states and autonomous bodies for their capital expenditure during the year. Indian Railways to spend Rs 1.07 trillion for capital expenditure in 2021-22.Read more
India’s GDP to grow 11% in 2021-22: Economic Survey
V-Shaped economic recovery to be driven by mega vaccination drive, robust recovery in the services sector, robust growth in consumption and investment. Agriculture to clock 3.4% growth in 2020-21, while industry and services to contract by 9.6% and 8.8% respectively.Read more
TATA-Indian Institute Skills to provide training on factory automation
With automation gaining traction, skills will be a crucial differentiator. Automation and robotics are relatively new age tech and this endeavour will add more strength to the adaption and development of new technologies.Read more
Stainless steel industry seeks to reduce import duty on key raw materials
This move is expected to catalyse Make in India and also will spur the domestic market. Read more
SCHUNK offers clamping stations with compact dimensions
The mini clamping stations lock in a self-retaining and form-fit manner via spring package. They do not consume any energy when actuated.Read more
Bosch Power Tools’ Chennai plant reaches milestone, rolls out 10 mn products
The plant, driven by its motivated women workforce, has won three consecutive Bosch excellence awards for quality from 2016-2018. The plant currently makes over 60 power tools, which includes eight types of power tools for artisans and tradesmen.Read more