News on Indian Economy
In the first week of January 2021, India registered a growth in exports by 16.22% to US$ 6.21 billion, an official said on Sunday. A positive outlook in the pharmaceutical and engineering sectors can be attributed to year-on-year growth, alluding at an economic revival.
The National Internet Exchange of India (NIXI) announced that it will offer a free IDN (Internationalized Domain Name) in any of their preferred 22 official Indian language along with every IN domain booked by the registrant.
The LiDAR survey for Delhi-Varanasi High Speed Rail Corridor started on Sunday, 10th January from Greater NOIDA where a Helicopter fitted with state of art Aerial LiDAR and Imagery sensors took the first flight and captured the data related to ground survey.
According to several reports, X-Ray baggage segment in India have always been dominated by the Chinese manufacturers and suppliers and amid the political tension between India and China, the government of India led by Prime Minister Narendra Modi have constantly been promoting their ‘Atmanirbhar Bharat’ initiative which literally means ‘self-reliant India’.
Vanadium alloys are durable in extreme temperature and environments, and are corrosion-resistant. Its addition improves the tensile strength of steel and of reinforcing bars used for buildings, tunnels and bridges.
In line with Prime Minister Narendra Modi’s vision of ‘Vocal For Local’, and to boost toy manufacturing, Koppala will have India’s first toy manufacturing cluster.
Indian Railway has started the New Year by achieving a landmark achievement by drastically enhancing the maximum speed to 130 kmph for 1,280 km length out of 1,612 Km in Golden Quadrilateral – Golden Diagonal (GQ-GD) route.This covers the entire GQ-GD route over South Central Railway, except Vijayawada – Duvvada section, where signaling up-gradation work is in progress.
The 600-MW floating solar complex to be constructed in Madhya Pradesh, India, is expected to be operational by 2022-2023, the Economic Times reported on Tuesday, citing the new and renewable energy minister for the state, Hardeep Singh Dang.
In a first for India, Air India Express has started robotic technology to clean and disinfect aircraft interiors at Delhi airport. The carrier has tied up with ground handling agency AISATS to launch the technology in India.
India’s seventh Trade Policy Review (TPR) began on Wednesday, 6th January 2021, at the World Trade Organization in Geneva. The TPR is an important mechanism under the WTO’s monitoring function and involves a comprehensive peer-review of the Member’s national trade policies. India’s last TPR took place in 2015.
