Economy

News on Indian Economy

Department of Agriculture, Cooperation and Farmers Welfare (DAC&FW) is Working to Identify Traditional Organic Areas

Department of Agriculture, Cooperation and Farmers Welfare (DAC&FW) is working to identify Traditional Organic Areas to transform them into certified organic production hubs. The Government of India has certified 14,491 ha of such area under Car Nicobar and Nancowry group of islands in UT of A&N Islands. This area becomes the first large contiguous territory to be conferred with organic certification under the ‘Large Area Certification’ (LAC) scheme of the PGS-India (Participatory Guarantee System) certification programme.

Integrated Solar Dryer and Pyrolysis Pilot Plant will Help Smart Cities Transform Urban Organic Waste into Biochar & Energy

The project focuses on managing and organising collection, treatment, and disposal systems of urban wastes in Indian Smart Cities as well as in other urban centres with an integrated and interactive approach. Through this Pyrasol project, simple and robust processing technologies for urban organic waste will be combined in a synergetic manner and further developed to improve sanitation and welfare, supply regenerative energy, convert waste into products and reduce the carbon footprint of smart cities by an innovative organic waste drying system using the solar natural chimney effect followed by a high efficient single-chamber pyrolysis.

551 PSA Oxygen Generation Plants to be Set Up in Public Health Facilities Across the Country Through PM CARES

In line with Prime Minister’s direction of boosting availability of oxygen to hospitals, the PM CARES Fund has given in-principal approval for allocation of funds for installation of 551 dedicated Pressure Swing Adsorption (PSA) Medical Oxygen Generation Plants inside public health facilities in the country. PM has directed that these plants should be made functional as soon as possible. He said that these plants will serve as a major boost to oxygen availability at the district level.

India in Talks with Guyana for Long-Term Crude Supply

India has expressed interest in buying one of the 1 million-barrel cargoes Guyana’s government is entitled to in order to test the crude in its refineries, according to Guyana’s Natural Resources Minister Vickram Bharrat. If the crude is compatible, the parties could begin talks on a long-term arrangement.

Army Sets Up Solar Power Plant at Jalandhar Cantt

The solar power project spans across 5 acres of land and has been constructed at a cost of Rs 5.16 crore. Under this project, a total of 3,176 solar panels of Indian origin have been set up to generate 1 MW of solar energy. The plant would generate at least 15 lakh units of electricity annually or about 1.25 lakh units per month, amounting to approximate saving of Rs 1 crore annually to the government exchequer.