News on Indian Economy
Paytm, a digital payments company, reported on Monday that it has reached 1.2 billion monthly transactions, attributed to the development in offline payments and financial services. With a 15% month-over-month growth rate, the group announced to have the largest market share in offline merchant payments.
On Friday, BharatPe, the Fintech services company stated that it had already exceeded its target of facilitating the disbursement of Rs. 1,000 crore (US$ 137.07 million) of business loans to its merchant partners in FY21.
According to an ET article by Amit Kapoor & Sandeep Goyal, Chair, Institute for Competitiveness, India and Fellow, Institute for Competitiveness, India, respectively, the successful development of an indigenous supply chain of Personal Protective Equipment (PPE) kits in mere 60 days is an example for local manufacturers that self-reliance in a high-quality product is an achievable goal. (Representative Image)
Swedish furniture major IKEA, which has a range of over 1,000 products as part of its children’s range, is looking to scale up sourcing of toys from India for its operations here, said a top company official.
In a boost for the countrys surveillance capabilities to monitor activities of both military warships and merchant shipping in the Indian Ocean Region (IOR), the Sindhu Netra` satellite developed by a team of young scientists from the Research and Development Organisation (DRDO) was successfully deployed in space on Sunday.
The record took place during the construction of the four-lane highway between Vijaypur and Solapur on the NH-52. Union Minister Nitin Gadkari shared this news on his social media handles. The minister confirmed that the record will soon enter the Limca Book of Records and 500 workers have put in their efforts for the achievement.
In the ongoing Kharif Marketing Season (KMS) 2020-21, Government continues to procure Kharif 2020-21 crops at MSP from farmers as per existing MSP Schemes, as was done in previous seasons.
The Chenab bridge is being made at a height of 359 metres above the river bed – making it the highest railway bridge in the world. Railway Minister Piyush Goyal has tweeted an image of the Chenab bridge stating that the steel arch of the bridge is nearing closure.
India will supply four more mobile harbour cranes to Iran’s Chabahar port by the end of June this year, a government official said on Friday.
Dr Harsh Vardhan, Union Minister for Health & Family Welfare laid the foundation stone of the Mon Medical College in Mon district headquarters on Friday in the presence of Neiphiu Rio, Chief Minister, Nagaland andS PangnyuPhom, Health Minister, Nagaland. Lok Sabha MP from Nagaland TokhehoYepthomi was also present.
