News on Indian Economy
Ministry of Ports, Shipping and Waterways is initiating the process of commencing operations of the Seaplane services, on the select routes, under a Special Purpose Vehicle (SPV) framework through prospective airline operators. The project execution and implementation would be through Sagarmala Development Company Ltd (SDCL), which is under the administrative control of the Ministry.
In a game changing development, Freight Trains have started to attain top speeds of above 90 kmph on newly inaugurated New Khurja- New Bhaupur section of Eastern Dedicated Freight Corridor. Faster speeds would result in faster delivery of goods and faster turnaround reducing freight costs.
National Payments Corporation of India (NPCI) on Friday said transaction through Unified Payment Interface (UPI) platform would continue to be free.
The gross GST revenue collected in the month of December 2020 is ₹ 1,15,174 crore of which CGST is ₹ 21,365 crore, SGST is ₹ 27,804 crore, IGST is ₹ 57,426 crore (including ₹ 27,050 crore collected on import of goods) and Cess is ₹ 8,579 crore (including ₹ 971 crore collected on import of goods). The total number of GSTR-3B Returns filed for the month of November up to 31st December 2020 is 87 lakhs.
al Jeevan Mission provide 3 Crore tap water connections since August, 2019. Further, 26 districts, 457 Blocks, 34,919 Panchayats and 65,627 villages have become ‘Har Ghar Jal’ meaning every family living in these rural areas is getting assured tap water supply in their homes and ‘no one is left behind’. Goa has become the first State in the country to provide 100% FHTCs and became ‘Har Ghar Jal’ State.
Earth System Science deals with the Earth system’s five components—Atmosphere, Hydrosphere, Cryosphere, Lithosphere, and Biosphere, and their complex interactions. The Ministry of Earth Sciences (MoES) holistically addresses all the aspects relating the Earth System Science for providing weather, climate, ocean, coastal state, hydrological and seismological services.
According to an official data, “In April- October 2020, the FDI equity Inflow increased by to 21% i.e. (US$ 35.33 billion). In 2019, FDI equity inflow stood at (US$ 29.31 billion) and in the last seven month, it witnessed 11% increase i.e. (US$ 46.82 billion) from (US$ 42.06 billion) in April- October 2019.
The average cost of ventilators in India in February-March, 2020 was approximately Rs. 15 lakh and nearly all were imported. Due to the Indian industry taking up manufacturing of ventilators, the average cost now ranges between Rs. 2 to Rs.10 lakhs.
Following the vision of ‘Digital India’ of Hon’ble Prime Minister, Shri Narendra Modi, Indian Railways has revamped & upgraded its e-ticketing website www.irctc.co.in and IRCTC Rail Connect Mobile App, which are used for booking of Railway tickets ‘online’.
In a bid to promote Moringa (botanical name Moringa oleifera) products exports from India, APEDA has been supporting private entities in creating necessary infrastructure.Two tonne of organic certified Moringa powder were sent to the United States through air consignment on 29th December, 2020. The event was flagged off by Dr. M. Angamuthu Chairman, APEDA, Ministry of Commerce & Industry, Govt. of India.
