The purpose  of  the  visit  was to  better understand  various aspects of mechanized infantry warfare. Live demonstrations  showed off  the firepower and  maneuverability  of infantry  fighting  vehicles.  

 India is actively contributing to  Tanzania’s  military capabilities by  helping to establish  a mechanized infantry battalion,  an important  step in  expanding military  cooperation between the two countries.  General Jacob John Mkunda,  Commander  of  the Tanzania Defense Forces,  visited India last month, marking  an important step  in  strengthening ties between the two  countries.  

 During his visit, General Mkunda and a 15-member delegation  visited  the  Mechanized  Infantry  Center  and School in Ahmednagar. The purpose  of  the  visit  was to  better understand  various aspects of mechanized infantry warfare. Live demonstrations  demonstrated  the firepower and  maneuverability  of infantry  fighting  vehicles, emphasizing combat tactics and weapons handling. 

  Mechanized Infantry Regiment 

 The  Indian  Army’s mechanized infantry regiment,  with its  armored  vehicles, seamlessly integrates infantry mobility with  powerful  firepower and mechanized  force  protection. This capability allows  troops to be deployed quickly to  the battlefield,  highlighting the army’s essential  role in  modern  military operations. 

  Before arriving  at  Ahmednagar, General Mkunda  held  discussions in Delhi with Indian Army Chief Manoj Pande and other  senior  officials. This visit  comes after  a series of strategic engagements, including  the visit of  Tanzanian President Samia Suluhu  Hassan  to India in October, the visit of  Tanzania’s Minister of Defense  to India in August 2022 and  May 2022. 2,  2023, and the  visit of the  Indian Army  Chief  to Tanzania in October 2023. 

  Defense cooperation  between India and Tanzania 

  The military relationship  between India and Tanzania  has  been further  strengthened  through the exchange of training opportunities. Tanzanian forces  regularly  participate in  India’s United Nations peacekeeping  training, demonstrating  its  commitment to enhancing  their  peacekeeping skills. Since 2017, an Indian Army  training team  has been stationed at  the Duluti  Command and Staff College in  Tanzania.  

 It  was earlier  reported  that Tanzanian delegations  actively participated in major military events in India, including Aero India 23,  India-Africa  Army  Commanders Conference-23  and AFINDEX-23. The India-Africa  Defense  Dialogue, held  every two years,  is gaining  momentum and  the third edition  is scheduled for  later this year. 

  Defense cooperation  with Africa 

 India’s  commitment to  promoting defense cooperation  and capacity building in Africa is evident through initiatives  such as  the India-Africa  Defense  Dialogue (IADD). The  first  India-Africa  Defense Ministers’ Meeting  in Lucknow in February 2020 resulted in the  “Lucknow Declaration”,  outlining  areas  of cooperation  such as capacity building, training, cybersecurity, maritime  security  and  the fight against terrorism.  This dialogue, held on the sidelines of DefExpo,  saw  active participation  of  several  defense  ministers,  thereby strengthening India’s presence in  Africa in the  defense sector.  

 For more  information,  visit at https://happenrecently.com/zepto/?amp=1

 EKA Mobility will supply GreenCell Mobility with 1,000 intercity  electric buses of the 12-meter  and  13.5-meter types  in the coming  years.  

 EKA Mobility, a leading electric  vehicle and  technology  company,  has  signed a memorandum of understanding  with GreenCell Mobility, a  major  player in  electric mass  mobility.  

  According to  the  agreement,  EKA Mobility will supply GreenCell Mobility with 1,000 intercity  electric buses of 12 meters  and  13.5 meters  in the coming  years. 

  “Our  partnership  with GreenCell Mobility is strategically positioned to usher in a cleaner, more sustainable future through  transportation,” said Dr. Sudhir Mehta, Founder and Chairman, EKA Mobility.  electric  public.  Public  transport,  especially  intercity  buses,  is the  main means  of  transportation  for more than 50% of Indians.  

The electrification  of public transportation will pave the way for cleaner air, quieter streets,  and travel that is  more efficient, convenient, safer, and  more  cost-effective  for  everyone.  

 Devndra Chawla, MD  and  CEO of GreenCell Mobility  added:  “Our combined efforts are  ready  to transform public  transport, delivering  a cleaner, more  efficient  and  user-friendly solution. more  environmentally  friendly.  This initiative is  an important step forward in  our commitment to innovation and sustainability, and  underscores our  commitment  to a  greener and  more sustainable future. We are excited about the possibilities this partnership opens up and are committed to leading the  way  in the  development  of electric  mobility.  

  Under  the agreement, EKA Mobility will be responsible for  the  supply,  sale  and  maintenance  of these  buses as well as providing  quality certification reports. The  relevant  figures illustrate the potential benefits, estimating annual fuel  savings of Rs 70  billion  and  avoiding  120 lakh gallons of diesel,  equivalent to  planting  15 lakh trees. 

 Additionally, it is  estimated  that  6 lakh  people  will benefit  from  improved and sustainable public  transport infrastructure every day.  Overall,  the  initiative is expected to  save 32,400 tons  of CO2 emissions. 

  This  announcement comes exactly  one  week after EKA Mobility announced  strategic  partnerships  with Mitsui & Co (Japan) and VDL Groep (Netherlands). The  previous deal would have seen  the partners invest around $100 million  in phases. 

  Additionally,  EKA  Mobility,  one of the commercial vehicle manufacturers approved under the  Electric Vehicle OEM and Component Manufacturing  Champion  Program under the Automobile PLI Policy  of the Government of  India,  is also  considering exports.  to Asia, Africa and Latin America. 

  For more  information,  visit at https://happenrecently.com/zepto/?amp=1

 India is trying to  limit  cheap quality imports from countries  like  China  using a number  of  policy  measures,  including quality control orders (QCOs).  

 External Affairs Minister S Jaishankar on Wednesday  urged  Indian consumers  to use more domestically produced products  at a time when cheap and highly subsidized  imports  are  “invading” the  Indian  market. Degree.  

 India is trying to  limit  cheap quality imports from countries  like  China  using a number  of  policy  measures,  including quality control orders (QCOs). This comes as China continues to be  India’s largest  source  of imports,  with imports  growing 4%  to a record $98.51 billion in  2023. As  India  depends  on imports of several  products, products, including active pharmaceutical ingredients  (APIs),  so  trade with China lacks transparency.   China’s  exports to India have  grown steadily,  but  India’s exports  to China  face many  non-tariff  barriers, leading to  a sharp decline over the years. 

  “For  me,  especially  because there is a  risk  of cheap  or subsidized  products taking over  our  market,  we have to instill  producer  pride  as well as consumer  pride  .  We  need to  consciously say that we should  produce  in  India,  buy in India and buy what is  produced  in India,” Jaishankar said at the  ‘Aatmanirbhar  Bharat Utsav  Celebrations’ organized  at Bharat Mandapam.  

 On the importance of One  District  Product (ODOP), which aims to select,  brand  and promote at least one product from each district, the  Minister  said, “ODOP is part of our  character .  This is very important because in the  age  of  globalization, many different  societies and cultures begin to lose their identity and  individuality.”  Meanwhile,  Commerce Minister  Piyush Goyal said  India  has no objection to imports.  

 “The idea is not to  shut down  or  import poorly.  We are not  against imports.  Atmanirbhar Bharat also means  that  we will also increase our exports and  because of this,  if we  have  to import, we will not stop  them.  We will leave  an  impression on  India in terms of  cost,  competitiveness  and  quality,”  Goyal said.  By  2023,  India’s imports of  goods  will outstrip its  exports.  Additionally,  exports  fell  amid slowing global  demand, amid slowing  demand in the  West  and  China, the Global Trade Research Initiative (GTRI) said. 

  “Interestingly, this  decline  in exports occurred despite a  significant  depreciation  of  the Indian Rupee (INR) against the US  dollar  (USD).  Within a  year, the average INR/USD exchange rate  fell  from 77.5 in June 2022 to 82.1 in June 2023.  Typically,  a weaker  local  currency can boost exports by  make  a  country’s  products more competitive in the global market. However, in  the  case of India, INR  depreciation  did not  increase  export volumes,” the  research organization  said. 

  Notably,  India’s  efforts to  boost domestic manufacturing  and  reduce dependence  on Chinese  products have yielded  results in the  electronics  manufacturing sector. 

  Imports  of finished electronic products  such as  computers,  laptops  and other hardware  decreased  from  15.4  billion  USD  to  13.8 billion USD,  a decrease of  10.3%. Electronic equipment imports also decreased slightly, from 10.4 billion USD to 10.1 billion USD, a decrease  of  2.3%. 

 These trends  illustrate  the early successes of  India’s production-linked incentive  (PLI) scheme, which aims to boost domestic manufacturing and reduce  dependence  on imported  electronics products. .  The  reduction  in imports of finished  goods  and  tools, coupled with  growth in exports, especially  of  smartphones,  shows that India’s  electronics manufacturing  capabilities are strengthening,  GTRI said. 

  For more  information,  visit at https://happenrecently.com/zepto/?amp=1

EPFO  has fixed July 11 as  the deadline to apply for higher  pension. It then gives employers another  three months  until  September  30,  then another extension  until  December 31, while employees  have until  July 11 to submit  a claim.  their  request.  

The  Employees  Provident Fund  Organization  (EPFO) on Wednesday  extended an  extension  of five months,  till May  31,  for employers to upload  salary  details  of salary opters  higher  retirement.  

 According to a release from the labor ministry, at  least 17.49 lakh applications for  confirmation  of option or  general  option  were  received from members till July 11,  2023. He said, over  3.6  Lakhs  of option  endorsement  or  general  option  applications  are still  waiting for  employers  to process.  EPFO  has fixed July 11 as  the deadline to apply for higher  pension. It then gives employers another  three months  until  September  30,  then another extension  until  December 31, while employees  have until  July 11 to submit  a claim.  their  request.  

“Based on complaints  received from  employers and employer associations which included a request  to extend the  deadline  for uploading  salary  details of pensioners/applicants ,  employers  have  also  been  given  an extension  of three months to submit  salary  details etc.  

 Online  no later than September 30, 2023.  This  deadline has been  further extended  to  31.12.2023  due to numerous complaints  received from  employers and employers’ associations, which have made  requests  to extend  the  time  for uploading  salary  details of  retirees/member candidates,”  it said. 

 The Supreme  Court,  in  its judgement dated  November 4,  2022,  upheld the amendments to the  Employees  Pension  Scheme (Amendment),  2014, providing  new opportunities to  employees who were  already members of the  EPS  as  of  September 1, 2014,  contributed up’ at 8.33 per person. percent of their “actual” salary – compared  to 8.33  percent  of  qualifying  salary capped at Rs 15,000  per  month  –  towards pension.  

 Last month, in a circular to its field officers,  EPFO​​​said  the  pension  formula for those opting for higher pension will be calculated as per  paragraph  12 of  EPS and that “the date of commencement  The person receiving  pension will determine the applicable  salary.”calculation formula  retirement services, pensions and pensions. For those retiring in the future, say in 2030, EPFO ​​​​​​​said pension will be calculated based on EPS provisions of 1995 “which will exist on the date of commencement of pension”. 

 Although the FAQ remains silent on any changes in the pension opening formula, those in the know say that there could be changes in the pension opening  formula for  those who will retire in the  future.  

 For more  information,  visit at https://happenrecently.com/zepto/?amp=1

  Indian stock  indices  Sensex and Nifty  50  are trading lower on Wednesday as investors  opt to book profits  after the recent rally. Weak global market  signals have  also  shaken confidence  in  domestic  stocks. 

 The domestic market  starts  2024  at  a high  level  and  therefore, according to analysts,  it  is  difficult to expect  the same  performance by the  end of 2024.  

  Dhiraj Relli, Managing Director and CEO, HDFC Securities said:  “However, the  rise  of  REIT acquisitions  and  issuances in  India as an attractive market,  albeit at seemingly high, which could  help our  market achieve further  gains  early  in the  year.” 

  He believes that going forward,  we  could see  bouts of volatility due to elections,  the  timing and  amount  of  interest  rate cuts, and valuation concerns.  Meanwhile, HDFC  Securities’ retail research  has come  up  with three fundamental stock picks  that have  decent upside potential  over  a  period  of  two to three  quarters.  

 The brokerage  firm recommends  buying Bharat Electronics, Caplin Point Laboratories and Spandana Sphoorty Financial at  the  current market price and also  adding additional discounts.  

  Below  are three  basic  stocks to buy from HDFC Securities.  

 Bharat Electronics | Buy | TP: ₹202 

 Bharat Electronics (BEL), one of  India’s  largest  defense  PSUs, is emerging as a  major  beneficiary of  increased defense  capital  spending.  Government ownership  results in  a  large pipeline  of  nomination-based  orders  and  significant defense payment  requirements  from  foreign  suppliers, creating  opportunities for business growth over the medium term.  HDFC Securities said: “BEL’s  established track record,  strong  manufacturing  capabilities,  strong R&D base,  solid  order book with healthy order  outlook  and strong financial profile  due to  zero  debt ,  attractive  margins  and  improving  profitability  make  us  bullish on  the  stock.”  

 It  looks like  investors  could  buy the stock  between  ₹182-186  and add  on dips to  around  ₹165-169  (26x  Dec 25  EPS)  with a  base target of ₹202 (31.5x  EPS December 25)  and  optimistic scenario.  target  is  ₹218 (34x  Dec 25  EPS) over the next three to four quarters.

  For more  information,  visit at https://happenrecently.com/zepto/?amp=1

 Overall,  goods exports have  declined  for  much  of the  current fiscal  year due to  slowing  demand  in the  West, the main  consumer of  India’s textile,  gems and  jewelry  exports.  The real estate  crisis in China has also  slowed down India’s  exports. 

 India’s  exports from  labor-intensive sectors  such as textiles,  gems and  jewelry as well as  leather exports have slowed despite  previous  free trade agreements  (FTAs),  as  suppliers Efficient  suppliers from China, Vietnam and Bangladesh  have  gained market  share.  in global  trade. said  a report  from research organization the  Global Trade Research Initiative  (GTRI).

  Overall,  goods exports have  declined  for  much  of the  current fiscal  year due to  slowing  demand  in the  West – the main customers  of  India’s textile,  gems and  jewelery  exports.  The real estate  crisis in China has also  slowed down India’s  exports.  The  advisory body  said  the  main reason  for weak exports in these sectors  is  non-tariff barriers (NTBs) imposed by  consuming countries  and  India should  take advantage of  the ongoing  talks on  free trade agreements  to  remove these  barriers. NTBs are trade  restrictive measures  in the form of regulations or quotas  that  limit imports without the explicit use of  customs duties.  

 At a time when India is signing free trade agreements with developed  countries like  the UK, GTRI  believes  that  simply  signing  an FTA  cannot lead to an increase  in  India’s exports of high-value goods. , labor intensity and India’s clothing exports to Japan.

 “The most favored nation (MFN) tax on clothing  in  Japan is  10%.  

 During the FTA negotiations  between 2008 and 2010,  it was  believed  that if Japan could reduce  tariffs  to zero  after the FTA, then India’s clothing  exports to Japan would  benefit from  a significant  increase. The two  countries agreed to eliminate  customs  duties on all  garments  from  the first  day  the  India-Japan FTA came  into  effect.  But data from the past 12 years  shows  that the expected  increase has  not  occurred,”  GTRI said.  

 “Competition from more efficient suppliers from China,  Vietnam  or Bangladesh could be  the cause.  Developed countries with high per capita income prefer high-fashion  designer clothes that are  produced in large  quantities.  While developed countries buy  70%  of  their clothes  from mixed  synthetic materials,  their share in  Indian  exports is  just under 40%.  On average,  labor-intensive manufacturing units  in India  employ 20  people,  compared to 1,000 in China,”  the report added.  

 Earlier this year,  the  Federation of Indian Export  Organizations  (FIEO)  also said that an analysis of  the industry’s  export performance  over  the  past  five years  shows a worrying trend  that India is  witnessing  a decline in global market share  in labor-intensive  sectors. 

 FIEO said  the  growth  in Indian exports in recent  years can largely be attributed to  the  rerouting of crude oil trade routes  through  India to Europe and  “this phenomenon may not be sustainable in the coming  years.” next year”.  

 For more  information,  visit at https://happenrecently.com/zepto/?amp=1