Economy

News on Indian Economy

Launch of India’s New-Age Earth Imaging Satellite by May 15: K Sivan

The launch of the 2,268-kg satellite was earlier aborted in the first half of this month due to a technical glitch.
Indian space research organisation (Isro) chairman K Sivan told TOI, “The technical glitch related to a voltage fluctuation issue in the satellite is being fixed. Thereafter, the satellite will be assembled in the launch vehicle and tested again. All these things will take time and the launch is likely to happen in the first half of next month. The delay in the launch of Gisat-1 by GSLV-F10 and the Covid situation will, however, postpone other launches, including the first test-flight of the Small Satellite Launch Vehicle (SSLV or mini PSLV), this year.”

NHAI to Make Network Survey Vehicle Use Mandatory for Road Condition Survey

In line with its commitment to provide better roads to commuters, NHAI has decided to deploy Network Survey Vehicle (NSV) to enhance quality of the National Highways. Carrying out road condition survey using NSV on the National Highways has been made mandatory at the time of certifying completion of the project and every six months thereafter. The provision has also been included as a part of the standard bidding document of consultancy services.

Indian Standards are Now Available Free of Cost

He informed that BIS have nearly 21000 Indian Standards. The objective is to ensure genius standard for every product relevant for the national economy and consumers. He said for the benefit of industry, particularly the MSME sector, Indian Standards are now available free of cost, and can be downloaded from the Standardization Portal of e-BIS.

Shri Piyush Goyal Inaugurates e-SANTA, A Platform to Connect Aqua Farmers and the Buyers

Union Commerce and Industry Minister Shri Piyush Goyal today virtually inaugurated e-SANTA, an electronic marketplace providing a platform to connect aqua farmers and the buyers. It will enable the farmers to get a better price and the exporters to directly purchase quality products from the farmers enhancing traceability, a key factor in international trade. The term e-SANTA was coined for the web portal, meaning Electronic Solution for Augmenting NaCSA farmers’ Trade in Aquaculture. National Centre for Sustainable Aquaculture (NaCSA) is an extension arm of Marine Products Export Development Authority (MPEDA), Govt. of India, Ministry of Commerce & Industry.