News on Indian Economy
Sugar output is projected by the Indian Sugar Mills Association (ISMA) to increase by 13% to 310 lakh tonnes in the 2020-21 marketing year on a probably higher availability of sugar cane compared to 274.2 lakh tonnes last year.
In 2020, 18 million persons from India were living outside their country of birth. Other countries with a large expatriates population included Mexico and Russia (11 million each), China (10 million) and Syria (8 million).
Union earth sciences minister, Harsh Vardhan, on the occasion of the 146th foundation day of India Meteorological Department (IMD) on Friday, inaugurated two Doppler Weather Radars, one each at Mukteshwar in Uttarakhand and Kufri in Himachal Pradesh, which will provide valuable support to farmers and disaster managers in both the states, and to the pilgrims undertaking the pilgrimage to Kailash Manasarovar and Char Dham yatra.
In a bid to bring India and the US closer, Air India has introduced the first-ever non-stop services between Hyderabad and Chicago.
This comes close on the heels of the launch of the non-stop Bengaluru-San Francisco service.
Raksha Mantri Shri Rajnath Singh, unveiled state-of-the-art ‘Driverless Metro Car’ for Mumbai Metropolitan Region Development Authority (MMRDA) at a function held at BEML’s Bangalore Complex on 15 January 2021. Indigenously designed & developed state-of-the-art Driverless Metro trains are being manufactured at BEML Bangaluru Complex.
Prime Minister Shri Narendra Modi will flag off eight trains connecting different regions of the country to Kevadiya on 17th January, 2021 at 11 AM via video conferencing. These trains will facilitate seamless connectivity to the Statue of Unity. Prime Minister will also inaugurate several other projects related to the Railways sector in Gujarat during the event. Chief Minister of Gujarat and Union Railways Minister will be present on the occasion.
According to the recent statement from the Ministry of Agriculture & Farmers Welfare, about 72.46 lakh farmers have benefitted from the ongoing Kharif Marketing Season (KMS) procurement operations with Minimum Support Price (MSP) value of Rs. 1,02,161.76 Crore (US$ 13.96 billion).
Through the agreement, BDL will become a part of the STARStreak missile system”s global supply chain, providing the opportunity for export of Indian manufactured components to this system”s existing and future customers, including the UK Armed Forces, Thales said in a statement.
The Bangalore Metro Rail Project Phase-2 covers a route length of 74 km with 62 stations and consists of extensions to both Purple and Green lines of Phase-1 in all the four directions totaling 34 km and two new lines viz. Gotigere-Nagawara for a route length of 21 km & R V Road- Bommasandra for a route length of 19 km.
In the financial year 2020-2021 (upto 12th January 2021), sales worth Rs. 484 Cr were recorded at the 7064 Pradhan Mantri Bhartiya Jan Aushadhi Kendras across all districts of the country selling quality generic medicines. This figure which is 60% higher than the corresponding figures of the previous financial year, has led to savings of approx. Rs. 3000 Cr. to the citizens of this country.
