India Opens Up for International Commercial Passenger Flights
International commercial passenger flights have begun landing in India from November 15 after the long prohibition due to the COVID-19 pandemic situation.
Economy
News on Indian Economy
PM Modi Inaugurates 341-M Purvanchal Expressway In UP After Landing On Its Airstrip In IAF Plane
Addressing the gathering, the Prime Minister said while laying the foundation stone of Purvanchal Expressway three years ago, he did not imagine that one day he would land on the same expressway. He said “this expressway will lead to a better future at a faster pace, this expressway is for UP’s development, this expressway is for the building a new Uttar Pradesh, this expressway is a reflection of modern facilities in UP, this expressway is a proof of accomplishment of resolutions in UP and this is the pride and wonder of UP.”
India Received Record FDI in Last 7 Years; Hope to See the Trend Continue: Piyush Goyal
India attracted “record” foreign direct investments in the last seven years and the trend is expected to continue in the coming years as well on account of major structural reforms being undertaken by the government, Commerce and Industry Minister Piyush Goyal said on Tuesday.
FY 2021-22: Rising Industrial Growth, Restrained Inflation and Strong Services Revival
The release of quick estimates of Index of Industrial Production (IIP) for the month of September 2021 shows a sustained increase in industrial production. The IIP, in FY 2021-22, has grown from an average of 121.3 in Q1 to 130.2 in Q2. The IIP in Q2 would have been still higher but for heavy monsoons disrupting mining activity, especially coal and consequently electricity generation, that repressed the growth of overall production index.
Power Grid Upgrades New Mariani Sub-Station In Assam
Power Grid Corporation of India Limited (POWERGRID), a Maharatna CPSE under Ministry of Power has upgraded Assam’s New Mariani Sub-station from 220 kiloVolt (kV) switching station to a 400/220 kV Sub-station with 2×500 MegaVolt Ampere (MVA) transformation capacity, 2×125 Mega volt ampere (re- active) power compensation along with other associated bays under North Eastern Region Strengthening Scheme (NERSS-VI) project.
BRO Feat Recognised by Guinness World Records
The 52-kilometre long Chisumle to Demchok tarmac road passes through the 19,024 feet high Umlingla Pass and betters the previous record of a road in Bolivia, which connects volcano Uturuncu at 18,953 feet. The Umlingla Pass road is another landmark in resurgent India’s achievement as it has been constructed at an altitude higher than the North and South Base Camps of Mount Everest which are at an altitude of 16,900 feet and 17,598 feet respectively.
Paytm Money Launches AI Powered ‘Voice Trading’; Allows Users to Buy, Sell Securities on Command
Paytm Money, a wholly-owned subsidiary of Paytm, launched Voice Trading that lets users to set a trade or get information regarding stocks via single voice command.
Indian Patent Filings Grow Despite Pandemic
Globally, IP filings — including patents, trademarks and designs — rebounded in 2020, indicating the resilience of human innovation despite dire global and economic turmoil during the Covid pandemic, latest data from World Intellectual Property Organization (WIPO) showed. In contrast, during the global financial crisis of 2008-2009, both patent and trademark filing activity had contracted sharply.
India, Japan Rsearchers Developing Tech to Map Road Health on Smartphone
Researchers from India and Japan are working on smartphone-based mapping of road health in both the countries to reduce the accidents caused due to damaged roads.
India Ahead Of China, Germany In Key Financial Inclusion Metrics: SBI Report
A report by the economists of the State Bank of India (SBI) stated that an increase in mobile transactions along with the number of bank branches, a careful recalibration of bank branches along with a robust digital infrastructure has enhanced India’s financial inclusion metrics.