News on Indian Economy
Under direction of Union Power and New & Renewable Energy Minister Shri R K Singhthe Central Electricity Authority, Ministry of Power has prepared the guideline for the Cyber Security in Power Sector and it has been released on Thursday.
Indian Scientists have developed a unique laser-based clad coating technology (LCCT) that provides improved protection to the boiler parts in thermal power plants. It can enhance life of boiler parts by 2- 3 times compared to currently use surfacing technologies. It has been found that this technology is suitable, not only for boiler parts of thermal power plants but also for any engineering application involving high temperature erosive and corrosive environment.
EasyEcom, an omnichannel inventory management and e-commerce solution provider released a predictive analysis report on the state of e-commerce in India for the calendar year 2021. The report has been prepared post analysing the data around online sales during 2019 and 2020, according to a press release issued by the company.
“Indian startups have so far generated 65 unicorns out of which 28 have been created in 2021. This shows that there is improved activity in this space and a lot of investment from angel investors. A series of reforms have been unleashed. Diverse capabilities of Alternative Investment Fund (AIF) have been given more flexibility,” she told.
Finance minister Nirmala Sitharaman on Wednesday said India is “very close” to arriving at the specifics of the two-pillar taxation proposition A total of 130 countries had in July agreed to a overhaul of global tax norms to ensure that multinationals pay taxes wherever they operate and at a minimum 15 per cent rate.
According to two industry officials, India’s wheat exports in 2021 could four-fold from a year ago to the highest level in eight years as a march in global prices and higher freight costs make Indian wheat lucrative for Asian buyers, reported by Reuters.
With the Indian soft loan, Nepal has constructed a 220 KV Double Circuit Koshi Corridor power transmission in eastern Nepal and handed over to Nepal Electricity Authority, a semi-autonomous body to oversee the power generation and distribution in Nepal. With the construction of the new strategic transmission line, Nepal can evacuate power up to 2000 mw, said officials, which will also ease power evacuation and distribution in eastern Nepal.
The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated exports of the first consignment of various value-added and nutri-rich products derived from Jackfruit, Passion fruit and Nutmeg (Jaiphal) sourced from farmers in Thrissur, Kerala, to Melbourne, Australia.
The increased flying time for Air India nonstop between Delhi and UK and Delhi and North America since Afghan airspace closed on August 16 is going to reduce significantly with the airline deciding to fly over the mighty Hindu Kush range for the first time. This new routing will see Boeing 777s and 787s soaring over Tirich Mir (7,780 metres), the world’s highest peak outside the Himalaya-Karakoram range.
The new 2-km-long bridge, linking the island of Rameswaram in the Arabian Sea to the mainland, will replace the existing 104-year-old structure. The bridge will have a 63-metre stretch, which will lift up vertically to allow passage to small ships. In the images shared by Mr Vaishnaw, we can see workers and machinery deployed at the site under a clear, blue sky.
