Economy

News on Indian Economy

Governance Infrastructure

National Highways Network To Be Expanded By 25000 Km In 2022-23

PM GatiShakti is a transformative approach for economic growth and sustainable development. The approach is driven by seven engines, namely, Roads, Railways, Airports, Ports, Mass Transport, Waterways, and Logistics Infrastructure. While presenting the Union Budget 2022-23 in Parliament on Tuesday the Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman said all seven engines will pull forward the economy in unison.

By Kautilya / February 2, 2022

Economy Infrastructure

GAIL Starts India’s Maiden Project of Blending Hydrogen Into City Gas Distribution Network

Gas Authority of India Limited has commenced India’s first-of-it’s-kind project of mixing hydrogen into natural gas system at Indore, Madhya Pradesh. The hydrogen blended natural gas will be supplied to Avantika Gas Limited, one of GAIL’s Joint Venture (JV) Company with HPCL, operating in Indore.

By Kautilya / February 2, 2022

Economy Governance

Introduction of Central Bank Digital Currency ‘Digital Rupee’ Announced

Digital currency will also lead to a more efficient and cheaper currency management system, the Minister stated. The Digital Currency will use block chain and other technologies.

By Kautilya / February 2, 2022

Governance Infrastructure

16 New Airports Are To Be Built In Madhya Pradesh, Chhattisgarh, Uttar Pradesh, Rajasthan And Maharashtra

Under the able leadership of the Prime Minister, PM- Gati Shakti is a great initiative to make India a superpower of the world, with the prowess of best infrastructure. In the earlier governments, there was no determination about the formulation and implementation of developmental schemes, but now the picture has changed, he added.

By Kautilya / February 1, 2022

Economy Governance

Farm Production Rose, Agri Exports Touched Record INR 3 Trillion in 2020-21: President Ram Nath Kovind

ite the epidemic, President Ram Nath Kovind stated on Monday that the country’s farm output and procurement grew during the 2020-21 crop year, and agricultural exports hit a new high of Rs 3,00,000 crore (US$ 40.19 billion).

By Kautilya / February 1, 2022

Economy

India’s Smartphone Market Logs $38 Billion Revenue, 11% Shipment Growth in 2021

According to Counterpoint Research, India’s smartphone shipments increased 11% year over year to 169 million units, with market revenue exceeding USD 38 billion in 2021. India’s smartphone market revenue would surpass USD 38 billion in 2021, representing a 27% Y0Y increase. Despite an 8% YoY dip in the December quarter data due to supply challenges afflicting the smartphone manufacturing ecosystem, shipments rose 11% YoY in 2021 to reach 169 million devices.

By Kautilya / February 1, 2022

Economy

India’s Exports of Ready To Eat Products Rises by 24% to $ 394 Million in 2021-22

India’s export of final consumer food products such as Ready to Eat (RTE), Ready to Cook (RTC) and Ready to Serve (RTS) under the APEDA basket has registered a significant growth in the last one decade.

By Kautilya / January 31, 2022

Defense Infrastructure

Cochin Shipyard Delivers Three Floating Border Out-post Vessels To BSF

Cochin Shipyard Limited (CSL), under the Ministry of Ports, Ships and Waterways, has successfully delivered the second lot of three Floating Border Out-Post (FBOPs) vessels to the Border Security Force. CSL has got orders for building nine such FBOPs to protect Nation’s water borders. Three more vessels are likely to be delivered in the coming months.

By Kautilya / January 29, 2022

Economy Governance Infrastructure

Spmcil Sets Up New Bank Note Printing Lines Each At Currency Note Press, Nashik And Bank Note Press, Dewas

Security Printing and Minting Corporation of India Limited (SPMCIL) under its modernization initiatives has set up New Bank Note Printing Lines each at Currency Note Press, Nashik and Bank Note Press, Dewas.

By Kautilya / January 29, 2022

Economy Governance

BharatPe’s PoS Business Grows to $4 Billion Annualised Transaction Value

In the last 12 months, fintech firm BharatPe has increased the reach of its PoS (point of sale) business (BharatSwipe) by 25 times to over 250 cities. The company has deployed over 1.25 lakh BharatSwipe machines across offline retailers since launching its POS business in the second half of 2020. BharatPe claims it has done the fastest-ever scale-up on POS business in India, achieving this record in little over a year and a half.

By Kautilya / January 29, 2022

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