News on Indian Economy
Researchers from the Indian Institute of Technology (IIT) Madras would collaborate with representatives of the Mobile Payment Forum of India (MPFI) to build voice-based applications in multiple vernacular languages to boost the country’s adoption of digital money transactions.
For the First Time, Farmers of Punjab have started receiving payments directly into their bank accounts against sale of their Wheat crop. About Rs 22,215.93 crore has already been transferred directly into Punjab farmers’ account.
While briefing the media, Shri Pandey informed that the distribution of food grains is going as per schedule for the month of May, 2021. He said as on 10thMay 2021, 15.55 LMT of food grains have been lifted from FCI depots by the 34 States/UTs for the month of May 2021 and over 1 Lakh MT has been distributed to over 2 Crore beneficiaries by 12 states/UTs. he said that almost all States/UTs have indicated action plan to complete the distribution of PMGKAY-III Foodgrains, for the months of May and Jun 2021, by the end of June 2021.
India’s sugar exports are on a “good course” this year as traders have contracted over 50 lakh tonnes of the sweetener so far, Food Secretary Sudhanshu Pandey said on Monday.
India and the European Union plan to support regional connectivity, beginning with the member states of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). This was decided as part of their Connectivity Partnership initiative for third countries, announced at Saturday’s Summit.
The Secretary, Department of Food & Public Distribution Shri Shudhanshu Pandey today briefed the media persons about PMGKAY-3 and One Nation One Ration Card scheme through a virtual press conference. Speaking about the “Pradhan Mantri Garib Kalyan Anna Yojana” (PM-GKAY III), the Secretary said that the department started implementation of “Pradhan Mantri Garib Kalyan Anna Yojana” (PM-GKAY III) for two months period i.e. May and June 2021 in same pattern as earlier by providing an additional quota of free-of-cost foodgrains (Rice/Wheat) at a scale of 5 Kg per person per month, over and above their regular monthly NFSA entitlements to about 80 Crore beneficiaries covered under both categories of NFSA, namely Antyodaya Anna Yojana (AAY) and Priority Householders (PHH). The Government of India will bear all expenditure of over Rs 26,000 Crore on account of food subsidy and Central assistance to states/UTs on account of intrastate transportation etc.
The Rupsi Airport in Assam’s Dhubri district became operational after 38 years on Saturday with the landing of the inaugural Flybig flight at the airport from Guwahati Airport.
The installed solar power generation capacity added with projects under auction and installation in India has crossed 100GW, the Ministry of Power said on Thursday.
India was the top country of origin for vehicle imports into South Africa despite the lengthy Covid lockdowns and overall declines in vehicle sales in 2020, according to the latest 2021 auto report
Procurement of Wheat in ongoing RMS2021-22 is continuing smoothly in the procuring States of Punjab, Haryana, Uttar Pradesh, Madhya Pradesh, Rajasthan,Uttarakhand, Chandigarh, Himachal Pradesh, Delhi, Gujarat, Jammu & Kashmir and Bihar at MSP, as was done in previous seasons, and till now (upto 06.05.2021) a quantity of over 323.67 LMT of Wheat has been procured against the last year corresponding purchase of 216.01 LMT. About32.21Lakh farmers have already been benefitted from the ongoing RMS procurement operations with MSP value of Rs. 63,924.56Crore.
