News on Indian Economy
Amit Malviya, a Public Relations Officer with the Indian Railways said, “Indian Railways has introduced the economy class in the three-tier air-conditioned compartments. This facility is being provided for the first time in the Prayagraj-Jaipur train.”
Budding scientists of Indian Institutes of Technology, Ropar and Kanpur and Faculty of Management Studies of Delhi University have developed a living-plant based air purifier “Ubreathe Life” that amplifies the air purification process in the indoor spaces. These indoor spaces can either be hospitals, schools, offices and your Homes.
The gross GST revenue collected in the month of August 2021 is ₹ 1,12,020 crore of which CGST is ₹ 20,522 crore, SGST is ₹ 26,605 crore, IGST is ₹ 56,247 crore (including ₹ 26,884 crore collected on import of goods) and Cess is ₹ 8,646 crore (including ₹ 646 crore collected on import of goods).
On Friday, the market capitalization of BSE-listed businesses reached an all-time high of Rs. 2,43,73,800.36 crore (US$ 3.33 trillion), owing to positive equities mood. On Friday, the BSE benchmark Sensex rose 175.62 points to close above 56,000 for the first time. It rose 239.13 points to 56,188.23 over the day.
REC Group, Europe’s largest solar panel maker, is on the verge of being acquired by Reliance Industries. China National Chemical Corp (ChemChina) is expected to sell the company to Mukesh Ambani’s company for US$ 1-1.2 billion. RIL, which has enormous intentions for green energy, will benefit from the purchase by gaining access to cutting-edge technologies and worldwide manufacturing capabilities.
Measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country.
ONGC, India’s largest oil and gas company, is looking to generate electricity from wind on its extensive offshore holdings as part of its renewable energy portfolio, according to its chairman Mr. Subhash Kumar. In both the Arabian Sea and the Bay of Bengal, the Oil and Natural Gas Corporation (ONGC) owns oil and gas fields. That deep-sea experience is now being used to set wind turbines that could generate electricity that could be linked to land.
The Ministry of Commerce has developed a strategy to expand and hone special products that each district produces across the country.
The Indian Railways has floated a tender for 58 rakes of the new Vande Bharat Express trains. Earlier this year, the Railways had filed a tender for 44 rakes of Vande Bharat. In total, the Railways is targeting that as many as 102 Vande Bharat trains would be ready by 2024.
The web version of e-GOPALA application developed by National Dairy Development Board (NDDB) has been launched on Saturday to aid dairy farmers. The NDDB has launched the web version of e-GOPALA application and IMAP web portal on Saturday which provides real-time information to dairy farmers for better productivity of dairy animals, a statement said.
