News on Indian Economy
The Ministry of Statistics is ramping up use of artificial intelligence for collecting, analyzing and reporting data to better monitor the economy. The measures include a $60 million program with World Bank help using an information portal that collates real-time data.
The smart windows provide a high level of optical quality, privacy, and reliability. When the rail passenger on board the train turns on the light, the smart window will become ‘opaque’ in color which in turn thwarts glare from outside. The ‘opaque’ feature of the window will it impossible for people outside the train to peep inside the coach.
This partnership will lead to an extensive exchange of knowledge and would be a stepping stone towards India becoming a full member of IEA, a power ministry statement said
‘ISRO has agreed to leave 25 Mhz spectrum in 3300-3600 Mhz band but they have sought protection for satellite services from 5G.’
Gopinath, in response to a question on the new farm laws, said: “These particular farm laws were in the area of marketing. It was widening the market for farmers. Being able to sell to multiple outlets besides the Mandis without having to pay a tax. And this had the potential to raise, in our view, farmers’ incomes”.
The Centre has allocated almost Rs 20 crore to Uttarakhand – nearly half of the total provided to the state under a core centrally sponsored scheme — for taking up work projects in sensitive areas along the China border, in view of continued tensions between both countries.
Indian startups are estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said. Even though the total investment received in 2020 is lower than that of 2019 ($14.5 billion), the number of deals were higher by 20%, the report said.
The International Monetary Fund (IMF) on Tuesday projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic.
Ease of Doing Business for MSMEs: Importantly, the biggest jump in defence procurement from MSMEs was recorded between FY18 and FY19 with order value witnessing a massive increase of 210 per cent from Rs 555 crore worth goods purchased on the GeM platform to Rs 1,725 crore during the said period.
Mukesh Kumar, the Director of Steel Research & Technology Mission of India (SRTMI) told PTI that the plan is in line with the government’s aim to reduce the country’s dependence on import for crude oil besides addressing the issue of carbon emissions.
