Indian Oil Partners with Israel’s Phinergy to Manufacture Metal-Air Batteries – Make in India
The Indian Oil Corporation (IOC) on Wednesday entered into a collaboration with the Israeli start-up company Phinergy to form IOC Phinergy Private Limited.
Economy
News on Indian Economy
In 2020, India Saw Venture Capital Investments Worth US$ 10 Billion: Report
According to a report, venture capital investments in India reached US$ 10 billion in 2020, and as many as 7,000 new start-ups were founded over the same period.
BEML Gets orders from Cameroon, Bangladesh
The order for Cameroon has been received from the Ministry of Economy, Planning & Regional Development (MOEPRD), Cameroon for supply of 71 units of construction equipment consisting of bulldozers, excavators, wheel loaders, motor graders and compactors for their Cassava Farm Project.
INR 8 Lakh Crore Investment are in the Pipeline in Indian Chemical Industry by 2025
Union Minister of Chemicals & Fertilizers Shri D.V. Sadananda Gowda inaugurated the 11th Edition of India Chem 2021 in New Delhi with the theme “India: Global Manufacturing hub for chemicals and petrochemicals”. He stated that the Indian chemicals and petrochemicals industry is growing to new heights, and informed that an investment of Rs 8 lakh crore is anticipated in the sector by 2025.
1,11,619 Loans Amounting to INR. 24,985.27 Crore Extended Under Stand-Up India Scheme
The objective of the Stand-Up India Scheme is to facilitate loans from Scheduled Commercial Banks (SCBs) of value between Rs. 10 lakh (US$ 13.78 thousand) and Rs. 1 crore (US$ 137.79 thousand) to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and one woman borrower per bank branch for setting up a greenfield enterprise in manufacturing, services or trading sector.
Study to Help Kinnow Fruit Juice Industry
In a welcome development for those involved in the Kinnow fruit juice industry, a team of researchers at the Department of Biotechnology’s Mohali- based Centre of Innovative and Applied Bioprocessing has come out with a technique to convert the waste generated by units producing juice from Kinnow fruit into a nutritious food supplement.
Cabinet Approved INR 9129.32 Crore for Transmission and Distribution in Arunachal Pradesh , Sikkim
The scheme is being implemented through POWERGRID, a Public Sector Undertaking (PSU) under Ministry of Power in association with Sikkim and Arunachal Pradesh and is targeted to be commissioned in phased manner by December 2021 for awarded scope of works and 36 months from RCE approval for un-awarded packages.
BIS Reaches Out to Developing Nations for Adoption of Indian Standards
Seeking to expand acceptability of Indian Standards in other countries, the Bureau of India Standards (BIS) has started providing complimentary copies of the Indian Standards for reference and adoption purposes to some of the developing and least developed countries such as Suriname, Indonesia and Uzbekistan.
In A First, India Exploring for Uranium in Arunachal Along India-China Border
“We have got the required encouragement from the Centre and have taken up the exploration. There was no possibility to do heliborne exploration because of the hills. But we walked all the way up the hills to begin the exploration,” D K Sinha, director, Atomic Minerals Directorate for Exploration and Research (AMD) said in Hyderabad on Monday.
India Sets Up A New Bank for big Infrastructure Projects
India’s Finance Minister Nirmala Sitharaman announced that the Indian government has approved the setting up of a Development Fund Institution (DFI). The new national bank will use the markets to raise capital and put those funds into long-term projects.