Development Works in J&K
The Government is fully committed for the overall development of Union Territory of Jammu and Kashmir and has taken several steps in this regard
Economy
News on Indian Economy
Shri Piyush Goyal Flags Off 3000 HP Cape Gauge Locomotive for Export to Mozambique
The Union Minister of Railways, Commerce & Industry and Consumer Affairs, Food & Public Distribution, Shri Piyush Goyal flagged off 3000 HP Cape Gauge Locomotive indigenously developed by Banaras Locomotive Works, Varanasi via video conferencing along with Minister of Transport and Communications, Government of Mozambique, Shri Janfar Abdulai, Union Minister of Skill Development and Entrepreneurship, Dr. Mahendra Nath Pandey and other dignitaries present at the event site.
India’s EV Financing Industry Projected to be Worth Rs. 3.7 lakh crore in 2030
NITI Aayog and Rocky Mountain Institute (RMI) India released a new report ‘Mobilising Electric Vehicle Financing in India’, which highlights the role of finance in the India’s transition to electric vehicles (EVs) and analyses that the transition will require a cumulative capital investment of US$ 266 billion (Rs. 19.7 lakh crore) in EVs, charging infrastructure, and batteries over the next decade.
German Car Parts Manufacturer Webasto To Set Up Sunroof Factory In India
With an investment of Rs 250 crore, the German manufacturer aims to capitalise on the recovering automotive market in India by manufacturing sunroofs for models on sale in the country and for export. The company will also establish a testing centre here with the aim of introducing technologies as well as in-house projects.
New India-Bangladesh Bridge Boosts Access to Chattogram Port
A new bridge between India and Bangladesh opened on Tuesday will boost trade and connectivity and make Agartala, the capital of the northeastern state of Tripura, the Indian city closest to an international sea port.
India’s Vehicle Scrappage Policy to Offer 5% Incentive on New Cars for Scrapping Old Vehicles: Gadkari
India’s vehicle scrappage policy will allow owners to scrap their 20-year old vehicles and avail incentives on the purchase of new personal vehicles. In case of commercial vehicles, the scrappage policy will be applicable for 15-year old vehicles without a fitness certificate.
325 Routes and 56 Airports Including 5 Heliports and 2 Water Aerodromes Operationalized Under Udan
Trishul Military Airbase, Bareilly belongs to the Indian Air Force and the land was handed over to the Airport Authority of India for construction of the interim civil aviation operations. The Government of India sanctioned Rs. 88 crores under the UDAN scheme for the development of the interim civil aviation operations. The upgradation was undertaken by the AAI with a cost of Rs. 65 crores.
Women Technology Parks Give Wings to Self-Reliance Dreams of Rural Women
Women Technology Parks are established in rural and peri-urban areas as technology modulation, adaptation and training Centers for women groups mainly from farming community.
In A First, Concor To Start Using Made-In-India Containers As It Seeks To Cut Reliance On Chinese Imports
State run Container Corporation of India (Concor) will start the process to manufacture its containers in India, which will result in a lower reliance on Chinese imports, Financial Express has reported.
India-Australia Trade Agreement Gathering Momentum Under Morrison: Report
India is moving in to fill the vacuum left by China for Australian resources and wine, with a free-trade agreement between Canberra and New Delhi gathering momentum under efforts by Prime Minister Scott Morrison to unlock new markets for Australia, a news report said over the weekend.