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India

India

Federal Republic in Asia

India, officially the Republic of India (Hindi: Bhārat Gaṇarājya), is a country in South Asia. It is the second-most populous country, the seventh-largest country by area, and the most populous democracy in the world. Bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast, it shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the north; and Bangladesh and Myanmar to the east. In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives; its Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia.

Modern humans arrived on the Indian subcontinent from Africa no later than 55,000 years ago. Their long occupation, initially in varying forms of isolation as hunter-gatherers, has made the region highly diverse, second only to Africa in human genetic diversity. Settled life emerged on the subcontinent in the western margins of the Indus river basin 9,000 years ago, evolving gradually into the Indus Valley Civilisation of the third millennium BCE. By 1200 BCE, an archaic form of Sanskrit, an Indo-European language, had diffused into India from the northwest, unfolding as the language of the Rigveda, and recording the dawning of Hinduism in India. The Dravidian languages of India were supplanted in the northern regions. By 400 BCE, stratification and exclusion by caste had emerged within Hinduism, and Buddhism and Jainism had arisen, proclaiming social orders unlinked to heredity. Early political consolidations gave rise to the loose-knit Maurya and Gupta Empires based in the Ganges Basin. Their collective era was suffused with wide-ranging creativity, but also marked by the declining status of women, and the incorporation of untouchability into an organised system of belief. In South India, the Middle kingdoms exported Dravidian-languages scripts and religious cultures to the kingdoms of Southeast Asia.In the early medieval era, Christianity, Islam, Judaism, and Zoroastrianism put down roots on India's southern and western coasts. Muslim armies from Central Asia intermittently overran India's northern plains, eventually establishing the Delhi Sultanate, and drawing northern India into the cosmopolitan networks of medieval Islam.

In the 15th century, the Vijayanagara Empire created a long-lasting composite Hindu culture in south India. In the Punjab, Sikhism emerged, rejecting institutionalised religion. The Mughal Empire, in 1526, ushered in two centuries of relative peace, leaving a legacy of luminous architecture. Gradually expanding rule of the British East India Company followed, turning India into a colonial economy, but also consolidating its sovereignty. British Crown rule began in 1858. The rights promised to Indians were granted slowly, but technological changes were introduced, and ideas of education, modernity and the public life took root. A pioneering and influential nationalist movement emerged, which was noted for nonviolent resistance and became the major factor in ending British rule. In 1947 the British Indian Empire was partitioned into two independent dominions, a Hindu-majority Dominion of India and a Muslim-majority Dominion of Pakistan, amid large-scale loss of life and an unprecedented migration.India has been a secular federal republic since 1950, governed in a democratic parliamentary system. It is a pluralistic, multilingual and multi-ethnic society. India's population grew from 361 million in 1951 to 1,211 million in 2011.

During the same time, its nominal per capita income increased from US$64 annually to US$1,498, and its literacy rate from 16.6% to 74%. From being a comparatively destitute country in 1951, India has become a fast-growing major economy, a hub for information technology services, with an expanding middle class. It has a space program which includes several planned or completed extraterrestrial missions. Indian movies, music, and spiritual teachings play an increasing role in global culture. India has substantially reduced its rate of poverty, though at the cost of increasing economic inequality. India is a nuclear weapons state, which ranks high in military expenditure. It has disputes over Kashmir with its neighbors, Pakistan and China, unresolved since the mid-20th century. Among the socio-economic challenges India faces are gender inequality, child malnutrition, and rising levels of air pollution. India's land is megadiverse, with four biodiversity hotspots. Its forest cover comprises 21.4% of its area. India's wildlife, which has traditionally been viewed with tolerance in India's culture, is supported among these forests, and elsewhere, in protected habitats.

Timeline

August 26, 2021
Barclays Bank PLC has infused about Rs 3,000 crore as capital in its banking operations in India ( Barclays India) to accelerate its growth in corporate & investment banking, and private clients businesses.
July 8, 2021
itel launches 4K Android TV range in India starting at Rs 32,999
June 11, 2021
India reports 84,332 new cases in last 24 hours, its lowest in 70 days
May 24, 2021
India has been reporting positivity rate below 10 per cent for 14 consecutive days now.
May 2021
Middle East's crude share of India's oil imports hits 25-month low in May
April 24, 2021
India authorities announces 346,786 new daily cases, a record for a single country since the start of the pandemic.
April 23, 2021
Xiaomi launches its most expensive smart TV, Mi QLED TV 75 in India with 75-inch QLED screen.
April 22, 2021
India hits global record of 315,000 new daily cases as Covid wave worsens
April 15, 2021
Amazon announces $250 million fund to help MSMEs go digital in India

Amazon announces a $250 million (around Rs 1,873 crore) fund that will focus on digitising small and medium businesses, and drive innovation in the areas of agri-tech and health-tech.

February 23, 2021
Amazon announces it had partnership with Mahindra Electric to develop "close to hundred" electric three-wheeler in India.
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September 26, 2021
The Economic Times
"Many critics think India (and the world) have too many billionaires and want to reduce the number to check wealth disparities. I would go in the opposite direction, creating thousands of new crorepatis year after year. That too will reduce disparities."
September 25, 2021
The Economic Times
The rise of these central bank digital currencies, or CBDCs, essentially virtual versions of currencies backed by the state, will be a major push towards hastening the demise of cash, says Eswar S Prasad, the Tolani senior professor of trade policy and professor of economics at Cornell University. Its one of the several revolutionary changes under way that Prasad delves into lucidly in his new book, The Future of Money: How the Digital Revolution is Transforming Currencies and Finance.
September 25, 2021
The Economic Times
The worlds most indebted property developer, Chinas Evergrande, is in a $305 billion trouble. Markets and analysts are worried that this is Lehman Bros moment for China. But the issue is much more complicated, because this is China.
September 25, 2021
The Economic Times
Jhunjhunwala, who is referred to as the Warren Buffett of India, has invested Rs 260 crore in a new budget airline venture piloted by aviation veteran Vinay Dube. The airline is expected to launch operation soon. Dube told Times of India that SNV Aviation, the holding company of Akasa Airline, is awaiting a no objection certificate from the aviation ministry.
Zee News
September 25, 2021
Zee News
Italy-headquartered Piaggio Group s Indian subsidiary Piaggio Vehicles Pvt Ltd has set up its first EV outlet in Chennai, which is first-of-its kind facility in Tamil Nadu, the company said on Saturday.
Zee News
September 25, 2021
Zee News
The US Department of Energy along with its Indian counterparts launched a new public-private Hydrogen Task Force as well as a Biofuels Task Force under the Strategic Clean Energy Partnership (SCEP). Under the SCEP, the Department of Energy together with its Indian counterparts launched a new publi
Zee News
September 25, 2021
Zee News
The world's highest electric vehicle charging station has been inaugurated on Thursday in Kaza of Lahaul and Spiti district in Himachal Pradesh.
September 25, 2021
mint
The solar industry in India has received considerable support from the government during the pandemic
ANI
September 25, 2021
@bsindia
Apple customers of Tata CLiQ, were in for a pleasant surprise on the morning of September 24, 2021, as they were amongst the first customers in the country to lay their hands on the all-new iPhone 13
September 25, 2021
The Economic Times
Higher infrastructure spending by the government, an upturn in housing construction and an overall improvement in the macroeconomic conditions are expected to drive volumes in cement, paint and ceramic tiles. A number of players are expanding their businesses around the country, owing to increased customer base, enhanced effective operations, developed product portfolios and expanded geographical reach.
September 25, 2021
https://www.outlookindia.com/
The report states despite the higher frequency of customer interactions, banks are not doing enough to convert customer interest in digital products into digital sales
IANS
September 25, 2021
@bsindia
To facilitate the growth of emerging technologies in the state, the Karnataka government has inked 3 MoAs (Memorandum of Associations) worth Rs 100.52 crores.
September 24, 2021
The Economic Times
Analysts were overjoyed on the Sensex hitting the milestone of 60,000 points. However, some saw the lack of a correction in the market as a signal of maturity of Indian investors.
September 24, 2021
The Economic Times
India can benefit from the Evergrande crisis, as investors may look at India as an alternative to China for investments.
September 24, 2021
https://www.outlookindia.com/
The Sensex closed on Friday at 60,048.47, a gain of 163.11 points, up 0.27 per cent while Nifty ended 30.25 points higher at 17,853.20, up 0.17 per cent
Equitymaster
September 24, 2021
mint
Now that India is modernising its agriculture sector, the futuristic agritech industry holds immense promise.
Zee News
September 24, 2021
Zee News
The Defence Ministry and Airbus Defence and Space of Spain, on Friday (September 24), signed a contract worth around Rs 20,000 to procure 56 C-295 medium transport aircraft. The new aircraft will be replacing the outgoing Avro-748 planes which are in the possession of the Indian Air Force.
Telegraph reporters
September 24, 2021
The Telegraph
A cleric, an Army veteran, and a Buddhist teacher are among those disrupting traffic to highlight climate change
September 24, 2021
https://www.outlookindia.com/
PM Narendra Modi, who arrived here on Wednesday on an official visit to the US during which he will hold the first face-to-face meeting with President Joe Biden and his deputy Kamala Harris, held separate meetings with CEOs of Qualcomm, Adobe, First Solar, General Atomics and Blackstone.
Lata Jha
September 24, 2021
mint
India will become the 12th country to host Prime Video Channels after the US, Japan, the UK, and others
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References

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