News on Indian Economy
India will overtake the European Union as the world’s third-largest energy consumer by 2030, the International Energy Agency said on Tuesday as it forecast India accounting for the biggest share of energy demand growth over the next two decades.
The Indian government might soon allow companies to go ahead with a four-day work week. The Union Ministry of Labour and Employment is working on new labour codes which will make way for a three-day weekend, but will keep the working hours at 48 hours a week, which means employees might be subject to long days.
The New Jersey-based electric car maker Triton has roped in India’s state-owned Bharat Electronics Limited (BEL) to make batteries. The much-awaited memorandum of understanding (MoU) has been signed where Triton will provide the know-how and BEL will make them.
Mohinder Gulati, Former Chief Operating Officer, United Nations Sustainable Energy for All, has written a letter to Thunberg, which is also marked to the United Nations Secretary General.
Agricultural mechanization is crucial in agriculture sector as it contributes towards improving the efficiency and effectivity of the inputs used in the crop production thereby also increasing the productivity of crops. This also reduces drudgery associated with various farm operations.
As reported by Public Sector Banks (PSBs) [including sponsored Regional Rural Banks (RRBs)] and 14 major Private Sector Banks, as on 27.01.2021, a total number of 41.75 crore accounts have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY) out of which 35.96 crore accounts are operative.
A historic agreement has been signed in Ladakh, India for the establishment of India’s first-ever geothermal field development project. This was reported this weekend from Leh, the capital of Ladakh with Ladakh Lieutenant Governor R K Mathur describing it as a step towards achieving the goal of carbon-neutral Ladakh.
With a focus on Prime Minister Narendra Modi’s ambitious ‘Aatmanirbhar Bharat’ programme, the National High Speed Rail Corporation Limited (NHSRCL) through its High Speed Railways Innovation Centre (HSRIC) trust has partnered with the Indian Institute of Technology (IITs) and Indian Institute of Science (IISC) to develop ‘Made in India’ techniques for the Bullet train projects.
Four more States namely, Assam, Haryana, Himachal Pradesh and Punjab have undertaken “Ease of Doing Business” reforms stipulated by the Department of Expenditure, Ministry of Finance. Thus, these State have become eligible to mobilise additional financial resources and have been granted permission to raise additional Rs.5,034 crore through Open Market Borrowings.
Start-ups and incubators can apply online for support under the ₹1,000-crore Startup India Seed Fund Scheme (SISFS) which would become operational from April 1, according to Anil Agrawal, Joint Secretary at the Department of Promotion of Industry and Internal Trade (DPIIT) under the Commerce Ministry.
