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Welcome to the 15 March, 2017
edition of INDIA UPDATE, presented by the Consulate General of India, Sydney

PM Narendra Modi launches #IAmNewIndia,
'a pledge to build a new India', on NaMo app


PM Narendra Modi has unveiled #IAmNewIndia, a nation-building exercise on the NaMo App, hoping to use the occasion of Holi to get the country to commit to one of nine goals. The goals include a corruption-free India+, a pledge to undertake more cashless transactions and encouraging women-led development
 

Demonetisation comes full circle, all cash withdrawal limits lifted 


All limits on savings bank cash withdrawals post-demonetisation ended on 13 March, as had been announced by the Reserve Bank of India (RBI) last month

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In a first, IISc among top 10 global varsities


Indian Institute of Science (IISc) in Bangalore has become the first Indian educational institution to make it to the top 10 of a global ranking for universities. IISc has been ranked eighth in the Times Higher Education Rankings in the “best small universities” category

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India test-fires BrahMos missile with 450km range


India has successfully test-fired the BrahMos missile with an extended range of 450 km, with officials calling it a “text book launch”

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Digital to overtake traditional mediums by 2021-22: EY India


Digital mediums are likely to surpass traditional ones by 2021-22, when smart phone and broadband penetration increases in the country, according to EY India
   
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India to outpace US to emerge as second largest economy by 2040, PwC says


India will outpace the US to emerge as the second largest economy in purchasing power parity terms by 2040, forecasts global firm PricewaterhouseCoopers

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Gandhian Model May Address Weak Economy Issues: Pranab Mukherjee


President Pranab Mukherjee has said the Gandhian model of innovation-based enterprises is possibly a solution to address issues arising out of a weak global economy

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Indian researcher uses novel strategy to increase wheat yield


An Indian researcher has been able to increase wheat grain yield by 20% and also improve the resilience of wheat to environmental stress such as drought

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GST rollout window set to open on July 1


The prospects of the Goods and Services Tax (GST) rollout on the scheduled date of July 1, 2017 improved with the all-powerful GST Council clearing the final draft of two GST Bills – Central GST (CGST) and Integrated GST (IGST) – at its 11th meeting on March 11

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The people behind India's first sign language dictionary


India is soon to publish its first sign language dictionary. BBC Hindi's Divya Arya meets the people behind a unique initiative

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India to replace Russia as world’s third largest refiner


By the early 2020s India will replace Russia as the world’s third largest refiner in the global energy market, a top official of the International Energy Agency said

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Five Indian teams shortlisted for Hyperloop's global challenge


Five teams from India have been shortlisted for the Hyperloop One Global Challenge from more than 100 applications, said Rob Lloyd, CEO of Hyperloop Technologies 

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New GST regime to provide US$ 39bn auto ancillary industry fuel for growth


The $39 billion auto ancillary industry, which complements the OEMs, will benefit from the new GST and experience an effective tax cut from 28 to 30% down to 18% after the GST implementation

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