News on Indian Economy
The appointment ushers change in the vehicle recall procedure, which till now lacked any government intervention; official will have powers to initiate proceedings against an auto maker, if so warranted
Nearly 3,300 women entrepreneurs were identified during the mapping of these regions, who were divided into three categories: manufacturing, retail, and service delivery. A total of 1,235 women entrepreneurs were chosen for the study and interviewed.
Through this project, Italy is also looking to explore the opportunities available in the Indian market.
“We have observed a big leap in our exports in the month of March 2021 which is USD 2.3 billion (figures for March are provisional) and is highest among the exports of all the months of this financial year, the growth rate for this month is 48.5 per cent against the exports in March 2020 (USD 1.54 billion),” Udaya Bhaskar, Director General of Pharmexcil said in a release.
State-owned Bharat Heavy Electricals Ltd (BHEL) will procure Rs 3,000 crore of products from small businesses annually as part of the government’s efforts to encourage them, a senior official said on Friday.
The company has earmarked 300 products, which are to be picked up from the small and medium enterprises, its executive director Anil Joshi said while speaking at a webinar on reigniting growth for the MSMEs.
India will augment its hydrogen supply chain infrastructure as it looks to accelerate plans to generate the carbon-free fuel, which may have an edge over other non-fossil fuel sources, Oil Minister Dharmendra Pradhan said Thursday. “Hydrogen has great potential to emerge as a future source of energy,” he said. “The enthusiasm about hydrogen has a simple reason — whether it’s used in a fuel cell or burned to create heat, wherever hydrogen replaces fossil fuels, it slows global warming.”
Union commerce minister Piyush Goyal will hold a virtual meeting with Valdis Dombrovskis, the European Commission executive vice-president and commissioner of trade, on April 29, brightening the prospects for a firm start of negotiations on an India-European Union broad-based trade and investment agreement, people familiar with the matter said.
Ministry of Ports, Shipping & Waterways (MoPSW) has accorded administrative approval for sanction of Rs 50.30 crore for developing all-weather ROPAX (Roll-on/Roll-off Passenger)Jetty and allied infrastructure connecting Kaninali in Bhadrak district &Talachua in Kendrapara district, Odisha under the Sagarmala initiative. The Government of Odisha will fund another 50% cost of the project.
ETMONEY, an investment app, has launched India’s first Aadhaar-based SIP payments feature, in line with its aim to make investments more seamless and open to the widest segment of Indian society. Anyone can now begin a SIP online and line up automatic payments with the help of a simple Aadhaar-based OTP verification method.
On Thursday, Dabur India Ltd.’s shares reached a new all-time high, positioning it in the exclusive group of companies with a market capitalization of Rs. 1 trillion (US$ 13.33 billion).
