News on Indian Economy
Hyderabad Airport has got India’s first inflatable hangar that can house up to an Airbus A320/Boeing 737 size aircraft. GMR Aero Technic (GAT), the group’s maintenance, repair and overhaul division arm, says it is “the only MRO in the Asia region to have installed such a hangar … may be used for multiple purposes including scheduled and unscheduled maintenance, engine or landing gear replacement.”
It is a matter of pride for us that the Narendra Modi Cricket Stadium has become the world’s largest cricket stadium with a capacity of 1.32 lakh spectators, said the President of India, Shri Ram Nath Kovind at the inauguration of the Narendra Modi Cricket Stadium and laid the foundation stone of the Sardar Vallabhbhai Patel Sports Enclave in Ahmedabad today (February 24, 2021).
Deendayal Port Trust, one of the 12 Major Ports of India, has crossed 100 MMT (Million Metric Tons) in cargo handling. Deendayal Port, erstwhile known as Kandla Port, is situated in Kutch, Gujarat.
Speaking on the inauguration of POWERGRID’s 320 kV 2000 MW Pugalur (Tamil Nadu) – Thrissur (Kerala) HVDC project, Power Minister R.K. Singh, said that this transmission line is therefore a timely gift to Kerala. He said, “We have also expanded the inter-regional transmission r capacity from 35,950 MW – in 2014 to 1,03,550 MW today.
NAL has got permission to design 90-seater aircrafts and by 2026 these flights are expected to be operational to connect hilly, small towns and give a fillip to tourism as well, said Dr. Kota Harinarayana, Former Programme Director and Chief Designer, Tejas, Light Combat Aircraft.
Infrastructure company Larsen & Toubro (L&T) on Thursday said its construction arm has bagged a contract worth up to ₹ 2,500 crore for building two units of Kudankulam Nuclear Power Project.
An Indian alternative to Twitter Inc., the Koo app, which lets users send out tweet-like posts in English as well as seven Indian languages, shot to prominence after Twitter got into a weeks-long standoff with the government over blocking certain content.
The industry is expected to add over 138,000 net new hires in FY 2020-21, taking total employee base to 4.47 million, according to the IT industry body’s Strategic Review 2021 titled, “New World: The Future is Virtual”.
The Prime Minister, Shri Narendra Modi launched ‘Mahabahu-Brahmaputra’ and laid the foundation stone of two bridges in Assam. Union Minister for Road Transport and Highways; Union Minister for Law & Justice, Communications and Electronics & Information Technology; MoS (I/C) for Ports, Shipping and Waterways and Chief Minister of Assam and Meghalaya were present on the occasion.
With around 33 deals valued at $647.5 million, India has the highest investment in the fintech segment compared to China’s $284.9 million during the quarter ended June 30, 2020, a report released by RBSA Advisors said.
