Railways Eyes Export of Indigenous Train Collision Avoidance System
The Railways has set the target to upgrade the indigenous train collision avoidance system (TCAS) as a product for exports. The TCAS will be branded as “Kavach”.
Economy
News on Indian Economy
Government Plans to Commission More Nuclear Power Plants for Augmenting Power Generation- Dr. Jitendra Singh
Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh said that Government has planned to commission more nuclear power plants for power generation.
Geological Survey of India Takes up Seven Projects For Lithium Exploration in Different States
During FSP 2016-17 to FSP 2020-21, GSI carried out 14 projects on Lithium and associated elements in Bihar, Chhattisgarh, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Madhya Pradesh, Meghalaya, Karnataka and Rajasthan. During the present FSP 2021-22, GSI has taken up 7 projects on Lithium in Arunachal Pradesh, Andhra Pradesh, Chhattisgarh, Jharkhand, Jammu & Kashmir and Rajasthan. However, resource of lithium has not yet been augmented by GSI.
India Logs 85.88 % Growth in Merchandise Exports in April-June 2021, as Compared to Same Period Last Year
The Government has taken a number of steps, including strengthening of domestic manufacturing and promoting trade ties, with a number of trading partners, so as to ensure reliable and adequate supply chains. This is an ongoing process, based on the changing requirements in a dynamic world.
Direct Tax Collection Doubled for First Quarter of Current Fiscal
The Minister stated that the net direct tax collection in the 1st quarter of FY 2021-2022 is Rs. 2,46,519.82 crore as against Rs. 1,17,783.87 crore during the same period of previous FY 2020-21.
India’s Forex Reserves Position Comfortable for Import Cover of More than 18 Months & & Cushion Against Unforeseen External Shocks
Weather the reserve funds are adequate to meet the international payment obligations, the Minister said that the ratio of forex reserves to total external debt stood at 101.2 per cent and short-term external debt to forex reserves stood at 17.5 per cent as at end-March 2021.
‘333 Private Companies are Into Defence Production in India’
A total 333 private companies have been issued 539 industrial licences for defence production in India and out of these, 110 companies have started production.
Puri First Indian City To Achieve 24/7 Quality Drinking Water Supply
The initiative to provide water supply adhering to “Quality Standards of IS 10500” will benefit the city’s 2.5- lakh population and 2 crore tourists who visit the holy place annually, he said.
PM to Launch Digital Payment Solution e-RUPI on 2nd August
e-RUPI is a cashless and contactless instrument for digital payment. It is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries. The users of this seamless one-time payment mechanism will be able to redeem the voucher without a card, digital payments app or internet banking access, at the service provider. It has been developed by National Payments Corporation of India on its UPI platform, in collaboration with the Department of Financial Services, Ministry of Health & Family Welfare and National Health Authority.
More than 50 Lakh Houses Were Sanctioned During 2020-21 Pradhan Mantri Awaas Yojana- Gramin (PMAY-G)
Under Pradhan Mantri Awaas Yojana- Gramin (PMAY-G), a total of 50,09,014 houses were sanctioned during 2020-21,out of which, 34,00,006 PMAY-G houses have been completed.