News on Indian Economy
In August, UPI processed 3.55 billion transactions, which is a new milestone for the payment network since its inception. In terms of value, UPI transactions were Rs. 6.39 trillion (US$ 87.47 billion) in August, which is a new high. In August, UPI’s volume of transactions increased by 9.5% month over month (MoM), while the value of transactions increased by 5.4%.
The patent certificate was issued to the Commission’s Kumarappa National Handmade Paper Institute (KNHPI) at Jaipur, on 2nd August 2021, by the Controller of Patent at the Government of India’s The Patent Office.
As of March 2021, the Life Insurance Corporation of India’s asset base had surpassed Rs. 38 lakh crore (US$ 520.38 billion), with total investments of Rs. 36,76,170 crore (US$ 503.50 billion) and a life fund of Rs. 34,36,686 crore (US$ 470.70 billion).
NTT India’s chief executive officer, Mr. Sharad Sanghi, said, “We have invested in six data centre parks around the country, and we are growing these. Five have already been signed, and building is underway in various stages, with the sixth one nearing completion.”
The road was constructed by the 58 Engineer Regiment of the Indian Army and was inaugurated in presence of Lt. Gen. PGK Menon General Officer Commanding 14th Corp, Tashi Namgyal Yakzee Executive Councilor, Stanzin Chosphel Executive Councilor, Lama Konchok Tsephel Councilor of LAHDC Leh, Chairman BDC Durbuk Block, Village heads and the villagers.
The export of fresh apricots from Kargil district to international as well as domestic markets was banned by the erstwhile Jammu and Kashmir government in 1986 under the “flimsy pretext” of stopping the spread of codling moth, said Khan. As the ban is still in force, the startup took special permission from the Government of India to export it outside the district, he added.
Amit Malviya, a Public Relations Officer with the Indian Railways said, “Indian Railways has introduced the economy class in the three-tier air-conditioned compartments. This facility is being provided for the first time in the Prayagraj-Jaipur train.”
Budding scientists of Indian Institutes of Technology, Ropar and Kanpur and Faculty of Management Studies of Delhi University have developed a living-plant based air purifier “Ubreathe Life” that amplifies the air purification process in the indoor spaces. These indoor spaces can either be hospitals, schools, offices and your Homes.
The gross GST revenue collected in the month of August 2021 is ₹ 1,12,020 crore of which CGST is ₹ 20,522 crore, SGST is ₹ 26,605 crore, IGST is ₹ 56,247 crore (including ₹ 26,884 crore collected on import of goods) and Cess is ₹ 8,646 crore (including ₹ 646 crore collected on import of goods).
On Friday, the market capitalization of BSE-listed businesses reached an all-time high of Rs. 2,43,73,800.36 crore (US$ 3.33 trillion), owing to positive equities mood. On Friday, the BSE benchmark Sensex rose 175.62 points to close above 56,000 for the first time. It rose 239.13 points to 56,188.23 over the day.
