News on Indian Economy
Hero MotoCorp stated that it has tied up with Gilera Motors Argentina to strengthen and expand its operations in South America, in line with its aggressive global business strategy.
Government has given go ahead for inviting the expression of interest for installation of 1000 MWh Battery Energy Storage System (BESS) as a pilot project. This is the joint effort of both Ministry of New and renewable energy and Ministry of Power who have been working on this to provide a road map for the installation of the energy storage system in the country.
Bharat Petroleum Corporation Limited (BPCL) – a PSU under the Ministry of Petroleum and Natural Gas has announced the launch of “UFill” – a digital customer experience which delivers on BPCL’s promise of ensuring that their customers have complete control over Time, Technology and Transparency as part of their fuelling experience. With UFill, the invitation to customers is to “Fast forward your fill”, leveraging the latest in digital technology which obviates the need for looking at zero or final reading and such offline manual interventions.
Union Minister for Information and Broadcasting Shri Anurag Singh Thakur today launched MyParkings app in presence of Sh. Mukkesh Suryaan, Mayor South Delhi Municipal Corporation (SDMC), Shri. Gyanesh Bharti Commissioner. SDMC and Sh. George Kuruvilla CMD, BECIL.
Perched at an altitude of 13,800 ft, Sela pass on the 317 km long Balipara-Charduar-Tawang (BCT) road connects West Kameng, East Kameng and Tawang districts of Arunachal Pradesh to the rest of the country. It reduces travel time and provides all weather connectivity to Tawang.
In a record 112 days, a total of 2,494 Pressure Swing Adsorption (PSA) oxygen generation plants have been commissioned at government hospitals across 736 districts with a capacity of producing 3,324 tonnes of medical oxygen per day. This includes 1,183 PSA plants sanctioned under the PM CARES Fund.
India is set to conclude three major trade agreements with the United Arab Emirates, the United Kingdom and Australia by 2022, and is close to signing early harvest trade deals separately with the three nations, three people aware of the development said.
The Ministry of New & Renewable Energy (MNRE) in partnership with FICCI, organised a series of events, from October 6th-8th, 2021 during the Climate and Biodiversity Week at Expo 2020 Dubai. The events covered the themes of India’s Renewable Energy Achievements and Ambitions, Emerging Areas and Opportunities for Renewable Energy in India, and also focussed events anchored by the Solar Energy Corporation of India (SECI) and Indian Renewable Energy Development Agency (IREDA).
The recent quarter witnessed increased demand for consumer goods from small towns and villages, outpacing cities. Rural consumption of FMCG goods expanded 58% year on year, twice the urban consumption, during the quarter ended September 2021, according to the latest report by Bizom, a sales automation firm that transacts with 7.5 million retail stores.
Indian Railways has embarked upon an ambition plan of electrification of its complete Broad Gauge network by 2023-24 which would not only result in a better fuel energy usage resulting in increased throughput, reduced fuel expenditure but also savings in precious foreign exchange.
