News on Indian Economy
The National Skill Development Corporation (NSDC) launched the first-of-its-kind and the largest ‘Impact Bond’ for skilling in India in partnership with global partners, involving a US$ 14.4 million fund which will help 50,000 youth by making them job ready.
According to a report published by London & Partners and Dealroom.co, India ranks at the ninth spot globally for climate tech investment, with the country’s climate tech businesses receiving US$ 1 billion in venture capital funding between 2016 and 2021.
Eighteen major airports in India will get additional meteorological instrumentation support, output from which will enhance the overall safety of flight operations and contribute towards the smooth functioning of airports round the year.
As part of the vision to further strengthen India’s position globally in terms of Pharmaceuticals and Medical Devices, the Department of Pharmaceuticals, in partnership with Invest India, will host an Investor Summit on 27th October 2021 at 10:00 AM – 4:30 PM via video conferencing.
Shri Jyotiraditya M. Scindia, Union Minister of Civil Aviation said, “Shillong is one of the highest & wettest places in the world. The place is important not only for the country but for the entire world. Shillong has always been known as Scotland of East due to the presence of rolling hills, caves, tallest waterfalls, beautiful landscapes and its rich heritage and culture. There’s nothing that Meghalaya does not have to offer. The place attracts tourists from all over the world.”
According to the latest report by Michael Page India, India Inc is considering a 14% employment rise in the third quarter of 2021 compared to the same quarter last year. As the economy is in a recovery mode, there will be a rise in job opportunities as well.
Mrs. Aniyamma Baby from Kerala has developed an innovative Cashew Multiple Rooting Propagation Method. This method generates multiple roots in a grownup cashew tree, thus improving production per unit area. It also helps eco-friendly management of stem and root borers, restores productivity, provides strong anchorage against wind damage/cyclonic storms, and extension of the plantation life without the necessity of replanting.
Tata Power, one of the country’s largest private-sector integrated companies, now has a network of more than 1000 Electric Vehicle (EV) charging stations across the country, achieving a major milestone in India’s journey towards green mobility.
As many as 16,570 new companies were registered in the country in September, taking the total number of active companies to more than 14.14 lakh, according to official data.
India’s biggest aromatic garden boasting of 140 species has been developed at Lalkuan in Nainital district. The garden has been developed over an area of three acres by the research wing of the Uttarakhand Forest Department, Chief Conservator of Forest (research) Sanjeev Chaturvedi said.
