News on Indian Economy
The Government of India, the Government of Meghalaya and the World Bank today signed a $120 million project to improve and modernise the transport sector of state of Meghalaya. This will help Meghalaya to harness its vast growth potential for high-value agriculture and tourism.
On Wednesday, Amazon India launched a toy store in line with the government’s “Atmanirbhar Bharat” vision, where sellers from 15 Indian states will showcase thousands of exclusive toys in categories such as traditional, handmade, and educational.
India can obtain a sizable share of the global market by becoming the hub for laptops and tablets. Such a move will give a manufacturing value of $100 billion by 2025 and will also create 5 lakh additional jobs, ICEA said in a statement.
Param Siddhi, thehigh performance computing-artificial intelligence (HPC-AI) supercomputer established under National Supercomputing Mission (NSM) at C-DAC has achieved global ranking of 63 in TOP 500 most powerful non-distributed computer systems in the world released on 16th November 2020.
These projects include a 440 MW solar plant inside the park, 210 MW solar plant outside the park, 49 MW rooftop installations for commercial/industrial sites, and 4 MW units across 8,400 homes.
In the first half of November this year, India’s power consumption increased 7.8% to 50.15 billion units (BU), indicating an improvement in economic activity, according to government data. According to data from the power ministry, power consumption in the country was registered at 46.52 BU between November 1-15 last year.
On Monday, Amazon India launched ” STEP “, a performance-based profit programme to help promote development for the seven lakh sellers on its website.
The use of FASTag has picked up significantly in the last few months. The higher adoption of electronic toll collection device has been driven by commercial vehicles that account for the majority of traffic on the highways, as well as people shunning the use of cash due to the fear of contagion following the coronavirus outbreak.
The Meja Thermal Power Plant, Uttar Pradesh’s first supercritical power plant, will be fully operational by December, MUNPL Chief Executive Officer (CEO) Asim Kumar Samanta said.
The number of internet connections in India has breached a significant milestone of 75 crore as of August 31, 2020, twenty-five years after the service was first thrown open to the public on August 15, 1995. The number of connections more than doubled in the last four years from just 34 crore in March 2016, coinciding with the country’s Digital India programme, which was launched in 2015.
