News on Indian Economy
REC Group, Europe’s largest solar panel maker, is on the verge of being acquired by Reliance Industries. China National Chemical Corp (ChemChina) is expected to sell the company to Mukesh Ambani’s company for US$ 1-1.2 billion. RIL, which has enormous intentions for green energy, will benefit from the purchase by gaining access to cutting-edge technologies and worldwide manufacturing capabilities.
Measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country.
ONGC, India’s largest oil and gas company, is looking to generate electricity from wind on its extensive offshore holdings as part of its renewable energy portfolio, according to its chairman Mr. Subhash Kumar. In both the Arabian Sea and the Bay of Bengal, the Oil and Natural Gas Corporation (ONGC) owns oil and gas fields. That deep-sea experience is now being used to set wind turbines that could generate electricity that could be linked to land.
The Ministry of Commerce has developed a strategy to expand and hone special products that each district produces across the country.
The Indian Railways has floated a tender for 58 rakes of the new Vande Bharat Express trains. Earlier this year, the Railways had filed a tender for 44 rakes of Vande Bharat. In total, the Railways is targeting that as many as 102 Vande Bharat trains would be ready by 2024.
The web version of e-GOPALA application developed by National Dairy Development Board (NDDB) has been launched on Saturday to aid dairy farmers. The NDDB has launched the web version of e-GOPALA application and IMAP web portal on Saturday which provides real-time information to dairy farmers for better productivity of dairy animals, a statement said.
Amid concerns over unemployment in the ongoing pandemic, a first of its kind food park for tribals in Jagdalpur block of Bastar district in Chhatisgarh is all set to begin operations in the coming months. It is being cited as a move that will steer sustainable livelihood opportunities and check migration.
There has been a sharp increase in Jan Dhan accounts since the scheme was started. As on August 18, the number of total PMJDY accounts were 43 crore and 55.5% (23.9 crore) Jan Dhan account holders are women and 66.7% (28.7 crore) are in rural and semi-urban areas.
“These roads are strategically important for the security of the country and will be used by ITBP and military personnel for logistics and carriage of ammunition etc. to protect Indian territory up to international border,” said the minutes of the 7-August meeting, which were published last week.
Northern Coalfields Limited (NCL), the Singrauli based Coal India subsidiary under the Ministry of Coal has dispatched the highest ever coal in a single day. On 27th August,2021 the company’s offtake grew to a whopping 3.87 lakh tonnes.
