News on Indian Economy
An official release said that Assam chief minister Sarbananda Sonowal, while presiding over a meeting of the BPDD, said that for the efficient management of inter-state boundary areas and making the border areas’ development programmes successful, roads leading to the BOPs need to be made motorable.
RIL and BP are developing three deepwater gas projects in block KG D6 – R Cluster, Satellites Cluster and MJ – which together are expected to meet ~15% of India’s gas demand by 2023. These projects will utilise the existing hub infrastructure in KG D6 block. RIL is the operator of KG D6 with a 66.67% participating interest and BP holds a 33.33% participating interest.
Shri Goyal specifically mentioned that with 3B objectives: Bigger trade basket – Better trade basket – Balanced trade relationship, we can see huge & exponential growth in our trade relationship.
In an endeavour to address the inadequacies of capacity constraints and improve its modal share in total freight eco system of the country, Indian Railways has come up with Draft National Rail Plan.
The commerce ministry has identified alternative source of imports and shared its analysis with India’s overseas missions to “explore sourcing and export opportunities in their respective countries”.
Union Minister of Road Transport & Highways and MSMEs Shri Nitin Gadkari has said that the Government has finalised GPS-based(Global Positioning System) technology toll collection to ensure seamless movement of vehicles across the country. He said, this will ensure India becomes ‘toll booth free’ in next two years.
In the UT of Jammu and Kashmir every household in Ganderbal and Srinagar districts has got tap water connections and every family is getting potable piped water in their homes. The UT is planning 100% coverage by 2022 to accomplish the ambitious target of providing tap water connection to every rural household of J&K.
Union Minister for Minority Affairs Shri Mukhtar Abbas Naqvi today said in Rampur (UP) that “Hunar Haat” has become an effective mission of the Government to provide “Backup to Brilliance” and “Encouragement to Expertise”.
The first section linking Udhampur to Katra and the third section of the railway line between Banihal and Baramulla have been completed and both these sections are operational.
The government has invited proposals from entities to set up electronic chip manufacturing units in the country and even acquire any company making semiconductors overseas.
