News on Indian Economy
Adani Solar Energy Chitrakoot One Limited (“ASECOL”), a subsidiary of Adani Green Energy Limited (“AGEL”), commissions 50 MW Solar Power Plant in Chitrakoot, Uttar Pradesh. The plant has a 25 Years Power Purchase Agreement (“PPA”) with the Uttar Pradesh Power Corporation Limited (UPPCL) at Rs. 3.07/kwh.
In line with its commitment to provide better roads to commuters, NHAI has decided to deploy Network Survey Vehicle (NSV) to enhance quality of the National Highways. Carrying out road condition survey using NSV on the National Highways has been made mandatory at the time of certifying completion of the project and every six months thereafter. The provision has also been included as a part of the standard bidding document of consultancy services.
Another consignment of MDN 250 slabs supplied by MIDHANI was successfully rolled into plates in SAIL-Bhilai Steel Plant’s Plate Mill for India’s Space Research Mission
Taking forward the recent initiatives to strengthen bilateral trade and investment ties, India and Japan are planning a virtual business partnership meet with the possible participation of Prime Minister Narendra Modi and his Japanese counterpart Yoshihide Suga later this month or early May.
He informed that BIS have nearly 21000 Indian Standards. The objective is to ensure genius standard for every product relevant for the national economy and consumers. He said for the benefit of industry, particularly the MSME sector, Indian Standards are now available free of cost, and can be downloaded from the Standardization Portal of e-BIS.
Darshan Hiranandani, CEO of H-Energy, said: “This will be India’s first FSRU based LNG regasification terminal, which marks a new chapter in India’s mission for accelerated growth of LNG infrastructure. FSRU based LNG Terminals aim at providing the ability to enhance the pace of natural gas import capability in an environment friendly and efficient manner”.
Union Commerce and Industry Minister Shri Piyush Goyal today virtually inaugurated e-SANTA, an electronic marketplace providing a platform to connect aqua farmers and the buyers. It will enable the farmers to get a better price and the exporters to directly purchase quality products from the farmers enhancing traceability, a key factor in international trade. The term e-SANTA was coined for the web portal, meaning Electronic Solution for Augmenting NaCSA farmers’ Trade in Aquaculture. National Centre for Sustainable Aquaculture (NaCSA) is an extension arm of Marine Products Export Development Authority (MPEDA), Govt. of India, Ministry of Commerce & Industry.
Minister for Railways and Commerce & Industry and Consumer Affairs, Food & Public Distribution, Mr. Piyush Goyal, today launched DGFT ‘Trade Facilitation’ Mobile App during the online video conference, for promoting ease of doing business and providing quick access to information to importers/exporters.
On Monday, BharatPe, a fintech firm, announced that it recorded 106 million monthly transactions in the UPI QR payments segment in March 2021 and aims to triple UPI payments in FY22.
Tata Power, India’s largest integrated company is committed towards ensuring safety and sustainability for its stakeholders, environment and the community. In line with this commitment, Tata Power has announced the commissioning of India’s largest natural ester filled 110 /33 / 22 kV, 125 MVA power transformer in the Mumbai Transmission network at the BKC receiving station in active collaboration with ABB and Cargill.
