News on Indian Economy
South African nutritional food brand, Futurelife, that recently entered into a joint venture with Indian traditional snack brand, Haldirams, is likely to start production in India within the next few months, said a senior executive. The company is also likely to ‘Indianise’ the products to suit the Indian palette.
DD Free Dish has continued its strong growth trajectory and its base has crossed an estimated 40 million subscribers according to the EY FICCI Media Entertainment Report 2021. The growth has been attributed to less expensive television sets, economic issues, launch of the DD Retro Channel and return of big broadcasters to the Free Dish platform. DD Free Dish has also become a second set top box within the home, used when there are no large events on television in some cases.
A Four-point plan has been chalked out to deal with the situation arising from the blockage of Suez Canal. This plan was chalked out in a meeting convened by the Logistics Division, Department of Commerce, Government of India today. The meeting was chaired by Shri PawanAgarwal, Special Secretary (Logistics) and attended by the Ministry of Ports, Shipping and Waterways, ADG Shipping, Container Shipping Lines Association (CSLA) and Federation of Indian Export Organisations (FIEO).
The move is in line with the airport regulators plan to harmonize the upper airspace in India with four flight information regions in Chennai, Kolkata, Delhi and Mumbai to establish a single continuum of upper airspace.
India’s cumulative solar installations have hit the 40 GW milestone, according to Mercom India Research. As of February 2021, the country’s total installations comprised 34.9 GW of utility-scale solar installations and 5.1 GW of rooftop solar installations.
In one of the biggest aerial surveys, over 500 high resolution drones would be deployed soon to map nearly 600,000 villages
Shri Hardeep Singh Puri, MoS, I/C, Civil Aviation inaugurated the Kurnool Airport, Orvakal, Andhra Pradesh in a virtual ceremony today. Shri Yeduguri Sandinti Jaganmohan Reddy, Chief Minister, Andhra Pradesh attended the inauguration at Kurnool airport along with senior officials and other important stakeholders. Senior officials of the Ministry of Civil Aviation (MoCA) & Airport Authority of India (AAI) also attended the event virtually. Kurnool is the 6th airport in Andhra Pradesh to become functional after Kadapa, Visakhapatnam, Tirupati, Rajahmundry & Vijayawada.
The National Policy on Biofuels – 2018 inter-alia allows the use of surplus food grains for production of ethanol for blending with petrol with the approval of National Biofuel Coordination Committee (NBCC). The NBCC in its meeting held on 20.04.2020 and 09.11.2020 has allowed the production of ethanol from surplus rice available with the Food Corporation of India (FCI) and maize respectively for blending with petrol under Ethanol Blended Petrol (EBP) programme.
In a major move to improve commuters’ experience on National Highways for both, passengers and truckers, the National Highways Authority of India (NHAI) will develop world class ‘Wayside Amenities’ at more than 600 locations across 22 states along the National Highways in the next five years. Out of these, 130 are targeted for development in 2021-22. NHAI has already invited bids to develop 120 such wayside amenities. As per plan, wayside amenities will be developed every 30-50 km along the current and upcoming Highways and Expressways.
The first cargo from new oil producer Guyana to the world’s third-largest crude importer, India, departed this month from a production facility off the South American nation’s coast in a vessel chartered by trading firm Trafigura, data from Refinitiv Eikon showed on Tuesday.
