News on Indian Economy
In a record 112 days, a total of 2,494 Pressure Swing Adsorption (PSA) oxygen generation plants have been commissioned at government hospitals across 736 districts with a capacity of producing 3,324 tonnes of medical oxygen per day. This includes 1,183 PSA plants sanctioned under the PM CARES Fund.
India is set to conclude three major trade agreements with the United Arab Emirates, the United Kingdom and Australia by 2022, and is close to signing early harvest trade deals separately with the three nations, three people aware of the development said.
The Ministry of New & Renewable Energy (MNRE) in partnership with FICCI, organised a series of events, from October 6th-8th, 2021 during the Climate and Biodiversity Week at Expo 2020 Dubai. The events covered the themes of India’s Renewable Energy Achievements and Ambitions, Emerging Areas and Opportunities for Renewable Energy in India, and also focussed events anchored by the Solar Energy Corporation of India (SECI) and Indian Renewable Energy Development Agency (IREDA).
The recent quarter witnessed increased demand for consumer goods from small towns and villages, outpacing cities. Rural consumption of FMCG goods expanded 58% year on year, twice the urban consumption, during the quarter ended September 2021, according to the latest report by Bizom, a sales automation firm that transacts with 7.5 million retail stores.
Indian Railways has embarked upon an ambition plan of electrification of its complete Broad Gauge network by 2023-24 which would not only result in a better fuel energy usage resulting in increased throughput, reduced fuel expenditure but also savings in precious foreign exchange.
Commerce and industry minister Piyush Goyal on Saturday added Russia, Oman and the Southern African Customs Union, which includes South Africa, to the growing list of countries and blocs with which India is negotiating trade agreements.
The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2021 has been issued with immediate effect i.e. from 8th September, 2021.Future trading on Mustard Oil and Oilseeds was suspended in NCDEX w. e. f October 08, 2021.
Trishul is SCR’s first long haul comprising of three freight trains, i.e., 177 wagons. This train was started on 07.10.2021 from Kondapalli station of Vijayawada division to Khurda division of East Coast Railway. SCR followed it up with running of yet another similar one named Garuda on 08.10.2021 from Raichur of Guntakal division to Manuguru of Secunderabad division. In both the cases the long haul trains comprised of empty open wagons for loading of coal meant for predominantly thermal power stations.
Kanpur Metro’s trains will have an energy efficiency of about 40-45% which means at the expenditure of every 1000 units, up to 450 units can be regenerated through breaking and be used again with the help of ‘Regenerative Breaking Technology’. No other Metro Project in India, that is running on the Third Rail DC Traction System has such type of arrangement to conserve energy.
Quantum Technologies are one of the most researched area at present and are attracting huge investments by Governments all across the globe as well as by private players ranging from multinational giants to start ups. Almost all countries have dedicated programs for furthering research in this area, which has immense potential, impact of which can probably be compared with that of semiconductor technology in the last few decades or the impact that the laser had since its invention in 1960s.
