News on Indian Economy
The discussions on RuPay card, considered as an alternative to Mastercard and Visa, was part of this dialogue, he added. “The financial dialogue adds a new dimension to the growing bilateral relationship between the two countries, as India shares its experience on cashless economy, digital payments, financial inclusion, digital security of financial institutions and DBT with the Philippines,” he said.
The new rules for permits are expected to go a long way in promoting tourism across the States in our country, while simultaneously, growing the revenue of state Governments. The step was discussed in the 39th & 40th Transport Development Council Meetings and was appreciated & concurred to by participants from the states. The rules come even as the Ministry is in the pursuit of providing seamless movement to tourist passenger vehicles, after the success of goods carriage vehicles under National Permit Regime.
The computerization of parcel management system is being extended from 84 locations to additional 143 locations in phase-II and 523 locations in phase –III
“E-commerce operators must ensure equal treatment of all sellers/vendors registered on their platforms and not adopt algorithms which result in prioritizing select vendors/sellers,” it says.
NewSpace India Ltd (NSIL), the commercial arm of Department of Space, is also in talks with ISRO to acquire its fleet of remote-sensing and communication satellites.
Tesla is in initial talks with the largest Indian integrated power company, Tata Power, about a possible agreement about electric vehicle (EV) charging infrastructure in India, CNBC-TV18 reported on Friday, citing sources, as the U.S. EV maker prepares to set up foot in the country.
Leaders of the four-nation Quad, in their first-ever summit on Friday, finalised a landmark initiative under which huge investments will be made in India to create additional production capacities to roll out a billion coronavirus vaccine doses by 2022 for exports to the Indo-Pacific region, seen as a significant step to counter China’s expanding vaccine diplomacy.
Autoliv, Inc, announced its plan to build a new airbag inflator manufacturing plant in India, focused toward supporting its strong Indian market position. Autoliv India has its corporate office, Engineering Centre, and Airbag facilities in Bangalore. The new inflator plant will be built close to Chennai and will serve the Indian demand.
The Kempegowda International Airport (KIA), Bengaluru on Friday announced the launch of the country’s first dedicated express cargo terminal, which would help the private airport operator to handle over 25 per cent more cargo annually. The express cargo market for business-to-consumer (B2C) and business-to-business (B2B) sectors has tremendous potential to grow over the next decade, reported PTI.
Shri Sudhanshu Pandey, Secretary, Department of Food & Public Distribution under Ministry of Consumer Affairs, Food & Public Distribution today addressed a Press Conference on “One Nation One Ration Card” (ONORC) plan. On this occasion Secretary also launches Mera Ration mobile app. This app will benefit especially those ration card holders who move to new areas for livelihoods.
