News on Indian Economy
India’s new Foreign Trade Policy, under formulation, will come into effect from April 1, 2021 for five years and will strive to make the country a leader in international trade, the government said on Tuesday.
Signal is a cross-platform end-to-end encrypted messaging service that allows users to have one-on-one conversations and group chats.
According to a survey, a total of 11 private Indian companies have made it to the list of 500 most valuable companies in the world, and India is ranked 10th on the ranking.
Elon Musk’s Tesla has registered with the Registrar of Companies (RoC) as Tesla India Motors and Energy Private Limited. It is learnt that the company incorporated itself in Bengaluru on January 8, 2021.
The eco-friendly, non-toxic paint, called“Khadi Prakritik Paint” is a first-of-its-kind product, with anti-fungal, anti-bacterial properties. Based on cow dung as its main ingredient, the paint is cost-effective and odorless, and has been certified by Bureau of Indian Standards.
The amount released this week was the 11th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 5.1057%. So far, an amount of Rs.66,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.7271%.
Taking another step towards e-governance and encouraging participation of citizen as stakeholders in curbing tax evasion, the Central Board of Direct Taxes has launched an automated dedicated e-portal on the e-filing website of the Department to receive and process complaints of tax evasion, foreign undisclosed assets as well as complaints regarding benami properties.
The Union Home Minister Shri Amit Shah inaugurated the ‘Single Window Clearance System Web Portal’ in the Coal Mining sector in New Delhi on Monday. Shri Amit Shah also handed over the Charter of letters to successful bidders of the country’s first Commercial Coal Mining Auction.Union Minister of Coal & Mining and Parliamentary Affairs, Shri Pralhad Joshi and senior officers were also present in the programme.
The North East Venture Fund (NEVF), which is the first and the only dedicated Venture Fund for the North Eastern Region and was introduced by the Modi government, is gaining popularity among Start-Ups and young entrepreneurs. The Venture Fund Scheme launched by the Ministry of Development of North Eastern Region (DoNER) intended to promote growth of business ventures and skill development in the region.
Minister of Power R. K. Singh has said that India has one of the lowest per capita emissions and per capita energy consumption.
