News on Indian Economy
Imports also grew for the second straight month, signifying recovery in domestic demand, but led to widening of trade deficit compared to the year-ago period, according to government data.
Shri Ravi Shankar Prasad, the Union Minister for Electronics & Information Technology, Communications and Law &Justice, today held a virtual meeting with Amit Agarwal, Amazon’s Global Senior Vice President and Country Head for India.
MSDE and the Ministry of Justice, the Ministry of Foreign Affairs, and the Ministry of Health, Labour and Welfare of Japan (Government of Japan) signed an MoC in October 2017, inviting candidates from India to Japan under the Technical Intern Training Program (TITP).
On Friday, finance minister Ms. Nirmala Sitharaman said Prime Minister Mr. Narendra Modi-led NDA government eliminated all ills from the MNREGA rural-employment guarantee scheme and invested the maximum Rs. 90,500 crore (US$ 12.43 billion) ever so far.
Elon Musk’s Tesla will set up an electric-car manufacturing unit in Karnataka, the southern Indian state’s government said in a brief statement.
The Ministry of Road Transport and Highways has issued orders that all steel – whether produced from ore, billets, pellets or melting of scrap – would be allowed to be used for National Highway construction, as long as it meets the standards required for specific grades of steel. The steel proposed to be used would be tested in NABL-accredited laboratories as a third party check before approval. The move is based on the analysis and discussions with stakeholders and also technical opinion.
Central Depository Services Limited (CDSL) has become India’s first and only listed depository to open three crore plus (30 million) active demat accounts. CDSL is currently the largest depository in the country in terms of active demat accounts.
In an effort to drive innovation and provide better services to passengers, the Indian Railways has made the ticket booking for train easier. The IRCTC has introduced a new facility to book these tickets without any hassle in a matter of seconds. The Indian Railway Tourism and Catering Corporation (IRCTC) has started its payment gateway IRCTC-iPay and it is now active for use by train passengers.
Indian Space Research Organisation and location and navigation technology solutions provider MapmyIndia announced an initiative to partner together to offer India’s best, and fully indigenous, mapping portal and geospatial services.
Union Minister for Road Transport and Highways Shri Nitin Gadkari has said that the government is working towards achieving increased income for farmers by lowering costs, and creating job opportunities in rural India. Launching India’s first-ever diesel tractor converted to CNG, here today in the presence of Union Ministers Shri Dharmendra Pradhan, Shri Parshottam Rupala and Gen (Retd) Dr V K Singh, Shri Gadkari said, the most important benefit for the farmer will be to save more than one lakh rupees annually on fuel costs, which will help them to improve their livelihood.
