Economy

The Reserve Bank of India (RBI) in its recent announcement has confirmed the commencement of testing under the first cohort of Regulatory Sandbox on Retail Payments by Eroute Technologies. Digital payments, which were believed to be possible and dominated only by the internet-connected smartphone user segment, will soon be available to every mobile user in India including those using a non-smartphone or a ‘feature’ phone means a phone that doesn’t have an internet connection.

Dedicated Freight corridor, whose Rewari – Madar section on Western corridor, was dedicated to the Nation by Prime Minister Shri Narendra Modi today, is going be the game changer in economic development of the country.

100,000 Wi-Fi systems indigenously designed, developed, and manufactured by HFCL Limited, (previously known as Himachal Futuristic Communications) were delivered in record time. The company acknowledges that Wi-Fi Access Network Interface or WANI together with the enthusiastic BharatNet initiative of the Centre would increase broadband availability in rural India.

The Indian Sugar Mills Association (ISMA) reported in a statement that in the October-December period of 2020-21 sugar marketing year, mills produced 110.22 lakh tonnes of sugar as compared to 77.63 lakh tonnes for the corresponding period last year.

India, which began the year ranked No 10 global stock markets in terms of aggregate market capitalisation, ended the year at No 8. Such a recovery looked impossible on March and April when India slipped out of top 10 markets. The sharp correction in equity markets in March saw India’s aggregate market capitalisation fall over 25 per cent in dollar terms