Economy

News on Indian Economy

New Scheme Announced for Tourist Vehicle Operators

The new rules for permits are expected to go a long way in promoting tourism across the States in our country, while simultaneously, growing the revenue of state Governments. The step was discussed in the 39th & 40th Transport Development Council Meetings and was appreciated & concurred to by participants from the states. The rules come even as the Ministry is in the pursuit of providing seamless movement to tourist passenger vehicles, after the success of goods carriage vehicles under National Permit Regime.

India to Make 1 Billion Vaccine Doses for Indo-Pacific

Leaders of the four-nation Quad, in their first-ever summit on Friday, finalised a landmark initiative under which huge investments will be made in India to create additional production capacities to roll out a billion coronavirus vaccine doses by 2022 for exports to the Indo-Pacific region, seen as a significant step to counter China’s expanding vaccine diplomacy.

Autoliv To Set Up New Airbag Inflator Plant In India

Autoliv, Inc, announced its plan to build a new airbag inflator manufacturing plant in India, focused toward supporting its strong Indian market position. Autoliv India has its corporate office, Engineering Centre, and Airbag facilities in Bangalore. The new inflator plant will be built close to Chennai and will serve the Indian demand.

Bengaluru Airport Launches India’s First Dedicated Express Cargo Terminal, to Help E-Commerce

The Kempegowda International Airport (KIA), Bengaluru on Friday announced the launch of the country’s first dedicated express cargo terminal, which would help the private airport operator to handle over 25 per cent more cargo annually. The express cargo market for business-to-consumer (B2C) and business-to-business (B2B) sectors has tremendous potential to grow over the next decade, reported PTI.

Mera Ration Mobile App Launched Today

Shri Sudhanshu Pandey, Secretary, Department of Food & Public Distribution under Ministry of Consumer Affairs, Food & Public Distribution today addressed a Press Conference on “One Nation One Ration Card” (ONORC) plan. On this occasion Secretary also launches Mera Ration mobile app. This app will benefit especially those ration card holders who move to new areas for livelihoods.