News on Indian Economy
In his radio programme, PM Modi said small online payments are helping build a big digital economy and many new fintech start-ups are coming up. He also urged all to try out an unique ‘Cashless Day Out’ experiment by going cashless and opting for digital transactions.
The export growth of Ceramic tiles has been achieved because of a surge in shipments of Ceramic Tiles and Sanitary wares products. Today Indian Tile Industry has become global player and earns foreign exchange for the nation with “Make In India” approach and today India’s is World’s second largest manufacturer of tiles.
“Any request for closure of a credit card shall be honoured within seven working days by the credit card-issuer, subject to payment of all dues by the cardholder. Subsequent to the closure of credit card, the cardholder shall be immediately notified about the closure through email, SMS, etc,” the banking regulator says.
The availability of high speed internet access will help in establishment of software parks & high speed Data centers for business purposes in North Eastern States. It will benefit the citizens in accessing various e-services such as e-governance, e-education, e-health, e-commerce, e-banking, etc. It will also result in increase of employment & tourism in these states.
The UK and Indian industries would spend more than £ 1 billion (US$ 1.3 billion) in new investments and export deals in areas ranging from software engineering to health, creating nearly 11,000 jobs throughout the UK. The £ 1 billion (US$ 1.3 billion) investment will include the establishment of a new Switch Mobility electric bus R&D centre in the UK, as well as the opening of their Asia Pacific headquarters in Chennai.
India and Sri Lanka have resumed talks on linking their electricity grids, officials told Reuters on Tuesday, a step that could aid New Delhi’s goal of reducing China’s influence on the island nation, now grappling with a severe economic crisis.
The Ministry of Micro, Small and Medium Enterprises said that the number of units and jobs produced under the Prime Minister Employment Generation Programme (PMEGP) increased by 39% each as compared to the previous year, while the margin money distribution (subsidy) increased by 36% in FY 2021-22.
According to the DGCIS data, India had exported non-basmati rice worth USD 2015 million in 2019-20, which rose to USD 4799 million in 2020-21 and USD 6115 million in 2021-22.
For the first time, fresh figs from Purandar taluka of Maharashtra’s Pune district with GI tags have been exported to Europe. The Purandar Highlands Farmers Producers Company (PHFPC) has managed to successfully export a consignment to Germany. The export was facilitated by the Maharashtra State Agriculture Marketing Board (MSAMB). Fresh figs from Purandar is highly perishable, has never been exported before this.
Garden Reach Shipbuilders & Engineers Limited (GRSE) celebrated its 63rd Raising Day on April 19, 2022. On the eve of its 63rd Raising Day, the leading warship builder in the country has achieved another significant milestone by undertaking docking of 110 metre long Large Survey Vessel ‘Sandhayak’ at Dock No 2 of its Rajabagan Dockyard (RBD) Unit.
