News on Indian Economy
The high-speed rail will be powered by indigenous electric power, unlike diesel, petrol, or aviation fuel. It is a proven environment-friendly transport option, according to the NHSRCL, responsible for developing and implementing the bullet train project.
Indian Oil’s Chhotu, 5 kg FTL (Free trade LPG) cylinder does not require customer’s address proof. Customers can avail Indian Oil’s Chhotu cylinders through Indane distributorships, and other point of sales like IndianOil Retail Outlets, Kirana stores, and local supermarkets.
French state-controlled energy group EDF has made a binding offer to build six third-generation EPR nuclear reactors at Jaitapur in Maharashtra.
Notwithstanding challenges faced by COVID19 pandemic, India’s export of processed food products has witnessed a growth of 26.51%in Rupee term during April-February (2020-21), compared to the same period during the previous year (2019-20).
On Thursday, the Pension Fund Regulatory and Development Authority (PFRDA) announced that the number of Atal Pension Yojana (APY) subscribers had surpassed three million by the end of March 2021, with > 79 lakh new subscribers joining the scheme in 2020-21.
By 2024, India’s natural gas production is expected to increase by 52% to 122 million standard cubic metres per day, as state-owned Oil and Natural Gas Corporation (ONGC) and Reliance Industries Ltd-BP combine to expand production from the KG basin fields.
Despite the challenges of Brexit and the COVID-19 pandemic, the number of Indian companies operating in the UK and their job creation numbers have increased over the past year, according to the “India Meets Britain Tracker,” which was published on Thursday.
Hero MotoCorp has formed a partnership with Taiwan’s Gogoro Inc to develop electric vehicles for the Indian market. The two companies will establish a battery swapping joint venture to bring Gogoro’s battery swapping platform to India and will collaborate on EV development to bring Hero-branded, powered-by-Gogoro Network vehicles to the domestic auto market.
For the first time in the post-pandemic period, India reached the top of Mint’s emerging markets tracker in March, the latest data shows. Strong manufacturing momentum, healthy export growth, and buoyant stock markets pushed up India’s rankings in the league table that tracks 10 large emerging markets across seven key parameters each month.
India has consistently maintained trade surplus in the agricultural products over the years. India’s agricultural and allied exports during 2019-20 were Rs. 2.52 lakh Crores and imports were Rs. 1.47 lakh Crores. Even, during the difficult time of Pandemic, India took care not to disturb the world food supply chain and continued to export. The export of Agri and allied commodities during Apr,2020 – Feb,2021 were Rs. 2.74 lakhCrore as compared to Rs. 2.31 Crore in the same period last year indicating an increase of 18.49%.
