News on Indian Economy
Indian Army in its quest for harnessing renewable energy for its troops inaugurated the First Green Solar Energy harnessing plant of 56 KVA using Vanadium based battery technology in North Sikkim, at an altitude of 16000 ft.
Tremendous progress in information and communication technology has now made it feasible to introduce Online Payment System through web that is expected to make the process of paying all types of charges including freight and ancillary charges simpler, convenient, speedier and transparent. This can be done by enabling on the web an option for the payment of various charges accrued to the customer.
The Codex Committee on Spices and Culinary Herbs (CCSCH) has finalised and recommended quality standards for four spices; cloves, oregano, basil, and ginger, during its fifth session held virtually from 20th -29th April 2021. The committee forwarded these four new standards to the Codex Alimentarius Commission (CAC) for adoption at final step 8, as full -fledged Codex standards.
The government’s e-governance services arm CSC on Thursday announced a collaboration with Tata Power to set up solar-powered micro grids and water pumps in rural areas across the country.
According to a report released on Thursday by KPMG, the Indian processed food market is projected to expand to US$ 470 billion by 2025, up from US$ 263 billion in 2019-20.
Solar projects totalling 3.2 gigawatt (GW) have been installed in India during 2020, according to a Mercom Communications India report.
Announcing the appointment, the Army in a statement said, “Feels proud to announce the First woman Officer Executive Engineer (Civil) Vaishali S Hiwase for taking over as Officer Commanding of a Road Construction Company that is responsible to provide connectivity of an Indo China Border Road.”
Central Farm Machinery Training & Testing Institute, Budni (MP) has tested the first-ever electric Tractor in the Institute. The institute received the application for an electric tractor under Confidential Test initially. Accordingly, the institute has tested the tractor & released the Draft Test Report in February, 2021.
India has imposed anti-dumping duty on imports of a chemical used in foam making from four regions, including the EU and Saudi Arabia, for five years to guard domestic players from cheap shipments. The duty was imposed following recommendation of the commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR), which conducted a probe into alleged dumping of ‘Toluene Di-Isocynate’ from the EU, Saudi Arabia, Chinese Taipei and the UAE.
(UNI) Cosmo Foundation, the social arm of Cosmo Films Ltd, announced the installation of a new carbon compacting plant in the valley of Jammu and Kashmir as a part of its Green Initiatives to support the Indian Army and offset the carbon footprint of increasing non-biodegradable materials generated by the locally stationed troops in the Poonch and Mendhar districts of Jammu and Kashmir.
