Economy

News on Indian Economy

Shri Piyush Goyal Flags Off 3000 HP Cape Gauge Locomotive for Export to Mozambique

The Union Minister of Railways, Commerce & Industry and Consumer Affairs, Food & Public Distribution, Shri Piyush Goyal flagged off 3000 HP Cape Gauge Locomotive indigenously developed by Banaras Locomotive Works, Varanasi via video conferencing along with Minister of Transport and Communications, Government of Mozambique, Shri Janfar Abdulai, Union Minister of Skill Development and Entrepreneurship, Dr. Mahendra Nath Pandey and other dignitaries present at the event site.

India’s EV Financing Industry Projected to be Worth Rs. 3.7 lakh crore in 2030

NITI Aayog and Rocky Mountain Institute (RMI) India released a new report ‘Mobilising Electric Vehicle Financing in India’, which highlights the role of finance in the India’s transition to electric vehicles (EVs) and analyses that the transition will require a cumulative capital investment of US$ 266 billion (Rs. 19.7 lakh crore) in EVs, charging infrastructure, and batteries over the next decade.

325 Routes and 56 Airports Including 5 Heliports and 2 Water Aerodromes Operationalized Under Udan

Trishul Military Airbase, Bareilly belongs to the Indian Air Force and the land was handed over to the Airport Authority of India for construction of the interim civil aviation operations. The Government of India sanctioned Rs. 88 crores under the UDAN scheme for the development of the interim civil aviation operations. The upgradation was undertaken by the AAI with a cost of Rs. 65 crores.