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Economic Newsletter : January 2019

Economic

 Focus Issues  High Impact News
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Indian Railways develops AI Robot to check for faults in trains
To make trains safer by eliminating human errors, Indian Railways has developed an AI-powered robot which would click pictures and record videos of the under-gears of trains and send them to engineers for repairs and maintenance.
 
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RITES, India delivers DMU’s to Sri Lanka Railways for trial run
Indian Railway company RITES Limited has successfully delivered S-13 series 13 coaches Diesel Electric Multiple Unit (DMU) to Sri Lanka as part an inter-governmental concessional financed project to provide the best-in-class rolling stock to Sri Lanka. Sri Lankan Railways has begun the trial run for the DMUs.
 
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Smartphone users in India to double to 829 million by 2022
Smartphone users in India are expected to more than double in next five years to 829 million. Attracted by the strong growth various phone manufacturing companies and tech-companies decided to upscale their Indian operations.
 
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ICCR Announces annual scholarships under the Commonwealth Scholarship Programme
Applications for the Commonwealth Scholarship Programme are now open. The ICCR’s Commonwealth Scholarship Scheme is for the nationals of Commonwealth countries to enable them to pursue under-graduate, post-graduate, doctoral and other research courses in Indian Universities in general courses (except medicine and dentistry).
 
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India to increase Health Care spending by 35 billion USD
Prime Minister Modi announced recently that India is set to increase its public health spending to 2.5 per cent of its gross domestic product (GDP) by 2025.
 
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High Commission of India organized a get together with ITEC Participants
Every year Government of India provides over 400 training slots in various technical fields to Sri Lankan officials from government and private sector under the Indian Technical and Economic Cooperation (ITEC) Programme. High Commission recently hosted a get-together for the recently returned ITEC Alumni.
 

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