News on Indian Economy
Mohinder Gulati, Former Chief Operating Officer, United Nations Sustainable Energy for All, has written a letter to Thunberg, which is also marked to the United Nations Secretary General.
Agricultural mechanization is crucial in agriculture sector as it contributes towards improving the efficiency and effectivity of the inputs used in the crop production thereby also increasing the productivity of crops. This also reduces drudgery associated with various farm operations.
As reported by Public Sector Banks (PSBs) [including sponsored Regional Rural Banks (RRBs)] and 14 major Private Sector Banks, as on 27.01.2021, a total number of 41.75 crore accounts have been opened under Pradhan Mantri Jan Dhan Yojana (PMJDY) out of which 35.96 crore accounts are operative.
A historic agreement has been signed in Ladakh, India for the establishment of India’s first-ever geothermal field development project. This was reported this weekend from Leh, the capital of Ladakh with Ladakh Lieutenant Governor R K Mathur describing it as a step towards achieving the goal of carbon-neutral Ladakh.
With a focus on Prime Minister Narendra Modi’s ambitious ‘Aatmanirbhar Bharat’ programme, the National High Speed Rail Corporation Limited (NHSRCL) through its High Speed Railways Innovation Centre (HSRIC) trust has partnered with the Indian Institute of Technology (IITs) and Indian Institute of Science (IISC) to develop ‘Made in India’ techniques for the Bullet train projects.
Four more States namely, Assam, Haryana, Himachal Pradesh and Punjab have undertaken “Ease of Doing Business” reforms stipulated by the Department of Expenditure, Ministry of Finance. Thus, these State have become eligible to mobilise additional financial resources and have been granted permission to raise additional Rs.5,034 crore through Open Market Borrowings.
Start-ups and incubators can apply online for support under the ₹1,000-crore Startup India Seed Fund Scheme (SISFS) which would become operational from April 1, according to Anil Agrawal, Joint Secretary at the Department of Promotion of Industry and Internal Trade (DPIIT) under the Commerce Ministry.
The commerce and industry ministry will formally launch the production-linked incentive (PLI) scheme for air conditioners and LED lights worth ₹6,238 crore on 1 April, with the finance ministry approving the proposal.
In a big win for the government’s Make in India programme and Prime Minister (PM) Narendra Modi’s clarion call for the building of an Atmanirbhar Bharat, Japenese companies Suzuki Motor Corporation, Toshiba Corporation and Denso Corporation plan to turn their under construction joint Lithium (Li)-ion battery manufacturing unit in Gujarat into a global export hub, reports Livemint.
Opportunities are up for grabs in India’s space sector, especially since June last year when it was opened for private participation, and Indian startups are not hesitating.
