News on Indian Economy
Godrej & Boyce has announced that its business Godrej Tooling has partnered with the Indian Railways to design and develop the universal coach assembly station as an indigenous solution for coach assembly fabrication in the brand new Marathwada Railcoach Factory in Latur, Maharashtra. The station has cut the time it takes to assemble a coach from 24 hours to 12 hours.
Sugar mills have exported 5.11 million tonnes of the sweetener so far in the ongoing 2020-21 marketing year ending September, with maximum shipments to Indonesia, trade body AISTA said on Thursday
The total installed renewable energy capacity in India, excluding large hydro, has crossed the mile-stone of 100 GW.Today India stands at 4th position in the world in terms of installed RE capacity, 5th in solar and 4th in wind in terms of installed capacity.
Government of India launched the Smart Cities Mission (SCM) on 25 June 2015 for development of 100 cities as Smart Cities. The selection of 100 Smart Cities has been completed through 4 rounds of selection from January, 2016 to June, 2018.
Minister of State in the Ministry of Petroleum and Natural Gas Mr. Rameswar Teli today informed the Rajya Sabha in a written reply that the LPG customers, who have joined the PAHAL Scheme, are cash transfer compliant. As on 01.07.2021, out of total 29.11 crore LPG customers, 27.27 crore have joined the Scheme and they are Cash Transfer Compliant (CTC). State/UT-wise details are at Annexure-I.
India will fastrack free trade agreements (FTA) with at least half a dozen nations, including UAE, UK, Australia, Canada, EU, over the next few months, in line with its revamped foreign trade strategy, commerce and industry secretary BVR Subrahmanyam said on Wednesday.
Agricultural and Processed Food Products Export Development Authority (APEDA) today facilitated exports of dehydrated Mohua flower from Chhattisgarh and Himalayan goat meat from Uttarakhand to France and United Arab Emirates respectively.
In July 2021, 36 mergers and acquisitions totaling US$ 5.6 billion were completed. While deal volumes increased by 13%, deal values decreased by 37% compared to July 2020. This was primarily due to a lack of large-ticket purchases.
After hitting a record $35.2 billion (about ₹2.6 trillion) exports in July, Indian shipments in August started off well garnering $7.4 billion in the first week of the month.
Automobile retail sales in India rebounded sharply in July, with showrooms reopened across the country as COVID-led restrictions in the afflicted states were relaxed, according to the dealers’ group Federation of Automobile Dealers Associations (FADA).
