Union
Government allocates Rs 5000 crore for development of AYUSH
Union Government has allocated 5,000 crore
rupees for the growth of Department of AYUSH, that comprises Ayurveda, Yoga and
Naturopathy, Unani, Siddha and Homoeopathy. It was announced by Union Minister
of State (MoS) for AYUSH Sripad Naik at a function in Mumbai, Maharashtra. The
allocation of additional funds to Department of AYUSH will help it to create
awareness about Ayurveda and promote traditional ayurvedic medicines at
international level. India and China are two prominent players in the field of
traditional medicines at international level. However, traditional Chinese
medicines have seen easy acceptance across the globe, but the Indian Ayurvedic
medicines are yet to gain global acceptance. In the last ten years, Indian
traditional medicines have seen a 25 per cent rise in sales at the
international level. Union Government also focusing to address the issues in
order to compete at international level. Department of AYUSH also has launched
an independent National AYUSH Mission aimed at capacity building for the
sector. It is also planning to observe Ayurveda Day for creating awareness
about Ayurveda.
India
grants $1 billion credit to Mongolia; deepens defence ties
India today announced a US$ one billion
credit line to Mongolia for infrastructure development as they upgraded their
ties to “Strategic Partnership” and agreed to deepen defense cooperation
besides exploring potential for tie ups in areas like the civil nuclear sector.
The two Prime Ministers signed a joint statement committing to further
consolidate bilateral ties and upgrade the comprehensive partnership to
“strategic partnership” and agreed to renew their Treaty of Friendly Relations
and Cooperation. The two sides inked 13 other pacts that includes one on enhancing
cooperation in border guarding, policing and surveillance, air services, cyber
security and new and renewable energy.
Infosys
to open first Overseas Campus in china
As India pressed China to open its markets
for Indian IT firms, technology major Infosys on Sunday announced establishing
its first overseas centre outside India in China with an investment of about
USD 120 million to tap in the burgeoning Chinese market. An MOU in this regard
was signed between Infosys and the local Chinese provincial government at the
India-China Business Forum, which was addressed by Prime Minister Narendra Modi
in Shanghai on Sunday. The development centre, to be established in China’s
Guizhou province, with a staff capacity of about 4,500 will help to focus on Chinese
and global markets.
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