News on Indian Economy
India’s export of Organic food products rose by 51% in terms of value (USD Million), to USD 1040 million (Rs 7078 crores) during financial year 2020-21 compared to the previous fiscal (2019-20).
The Trade Ministers of India,Japan and Australia formally launched the Supply Chain Resilience initiative in a Trilateral Ministerial Meeting held virtually on 27.04.2021
For the first time, farmers of Punjab have started receiving payments directly into their bank accounts against sale of their Wheat crop. About Rs 8,180 crore has already been transferred directly into Punjab farmers’ account.
In line with Prime Minister’s direction of boosting availability of oxygen to hospitals, the PM CARES Fund has given in-principal approval for allocation of funds for installation of 551 dedicated Pressure Swing Adsorption (PSA) Medical Oxygen Generation Plants inside public health facilities in the country. PM has directed that these plants should be made functional as soon as possible. He said that these plants will serve as a major boost to oxygen availability at the district level.
On Friday, CIL, a state-owned company, announced that it had signed its first ever power purchase agreement with Gujarat Urja Vikas Nigam Ltd. (GUVNL) for the sale of 100 megawatts of solar power.
India has expressed interest in buying one of the 1 million-barrel cargoes Guyana’s government is entitled to in order to test the crude in its refineries, according to Guyana’s Natural Resources Minister Vickram Bharrat. If the crude is compatible, the parties could begin talks on a long-term arrangement.
The solar power project spans across 5 acres of land and has been constructed at a cost of Rs 5.16 crore. Under this project, a total of 3,176 solar panels of Indian origin have been set up to generate 1 MW of solar energy. The plant would generate at least 15 lakh units of electricity annually or about 1.25 lakh units per month, amounting to approximate saving of Rs 1 crore annually to the government exchequer.
The bridge has been a 70-year-old demand of the residents of the Sakol village. “BRO provided yet another vital link between Punjab state and Jammu Union Territory by constructing a 160 feet long double deck bailey bridge over Tarnah River on Chadwal-Sanjimore-Hariyachak-Paharpur-Simbal stretch,” the Army in Press Release on Friday said.
“On 22nd and 23rd April 2021, newly constructed buildings of Shree Rambha Higher Secondary School, Shree Laxmi Higher Secondary School and Shree Nava Adarsha Multiple Campus respectively, built with Government of India’s financial assistance of NRs. 98.37 Million, were virtually inaugurated by Shri Karun Bansal, First Secretary (DP&R) of the Embassy of India, Kathmandu, District Coordination Committee, Palpa and School Management Committee and local representatives,” the release from the Indian Embassy stated.
This is P&G’s only the fifth manufacturing site globally to commission in-house solar plant. Spread over 16,000 square meters and comprising nearly 3,000 panels, the in-house solar plant has a capacity of one Megawatt clean energy production and will reduce the company’s carbon footprint by an estimated 1,030 tons annually.
