News on Indian Economy
Amid concerns over unemployment in the ongoing pandemic, a first of its kind food park for tribals in Jagdalpur block of Bastar district in Chhatisgarh is all set to begin operations in the coming months. It is being cited as a move that will steer sustainable livelihood opportunities and check migration.
There has been a sharp increase in Jan Dhan accounts since the scheme was started. As on August 18, the number of total PMJDY accounts were 43 crore and 55.5% (23.9 crore) Jan Dhan account holders are women and 66.7% (28.7 crore) are in rural and semi-urban areas.
“These roads are strategically important for the security of the country and will be used by ITBP and military personnel for logistics and carriage of ammunition etc. to protect Indian territory up to international border,” said the minutes of the 7-August meeting, which were published last week.
Northern Coalfields Limited (NCL), the Singrauli based Coal India subsidiary under the Ministry of Coal has dispatched the highest ever coal in a single day. On 27th August,2021 the company’s offtake grew to a whopping 3.87 lakh tonnes.
After operationalising the country’s first cutting edge technology equipped oil rig, made under the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives of Prime Minister Narendra Modi, at it’s Kalol oil field, the Oil and Natural Gas Corporation (ONGC) will have it’s second oil rig operational within twenty days, according to the company.
As part of a Comprehensive Economic Cooperation Agreement (CECA), India and Australia are looking to conclude an early harvest scheme — covering tariff cuts on items that account for nearly half the trade as well as easier rules for service sectors — by December, over a decade after talks first started.
The RBI is studying various aspects of a digital currency including its security, impact on India’s financial sector as well as how it would affect monetary policy and currency in circulation, according to the governor.
India’s wearables market grew 118.2% YoY in the June 2021 quarter at 11.2 million units with robust shipments from homebased brands in earwear and watches propelling this growth, according to research firm IDC.
This transmission line corridor shall provide a strong connectivity between Northern Region (NR) and Western Region (WR) and facilitate reliable flow of power, benefitting the overall social and economic system, by enabling reliable flow of power to industries and households in Northern Region, Western Region and the entire country. With the commissioning of this link, the inter-regional power transfer capacity of national grid has enhanced by 4200 MW, taking the total capacity to 110750 MW in the country.
for strengthening of aviation infrastructure in the respective states. AAI has embarked upon development and expansion of airports in the country at a cost of Rs. 20,000 Crore in the next 4-5 years in order to meet the growing passenger demand in the country.
