News on Indian Economy
The country’s exports increased 22.47% year-on-year to US$ 6.75 billion in the first week of November, indicating significant progress, supported primarily by growth and development in the pharmaceuticals, gems and jewellery and engineering sectors, an official said on Tuesday.
The glass skywalk adds to the allure of the scenic religious site which doubles up as a popular tourist location. Chenrezig or Avalokiteshvara, as per local folk tales, is the earthly incarnation of Lord Buddha, Amitabha. The statue at Choeling area in Pelling was constructed at a cost of Rs 46.65 crore.
A Memorandum of Understanding (MoU) has been signed by the Airports Authority of India (AAI) recently, with a subsidiary of National Thermal Power Corporation (NTPC) to promote usage of electric vehicles as well as set up solar power plants at its airports.
Alstom, a leader in sustainable and smart mobility, achieved another milestone today in India. It’s SriCity factory in Andhra Pradesh that manufactures Rolling Stock (MetroTrains) for Urban Metro projects, successfully completed production of its 500th Metro Car. As Alstom’s largest Urban Rolling Stock manufacturing unit in the Asia-Pacific region, this facility is delivering metro trainsets to not only Indian cities but also global ones – Chennai, Kochi, Lucknow, Mumbai, Sydney and Montreal.
Indian Railways with the objective of bringing hospital management on a single architecture to prevent pilferage and making operations seamless has entrusted RailTel Corporation of India Limited (“RailTel”) with implementation of hospital management information system (“HMIS”) an integrated clinical information system for its 125 health facilities and 650 polyclinics across India for improved hospital administration and patient healthcare.
Tata Steel Europe and POSCO of South Korea plans to collaborate to develop the necessary steel tubes for high-speed hyperloop transport systems, the companies said on Monday.
According to McKinsey, the manufacturing sector could become an engine for economic growth and jobs if it can specialise. India has a potential of US$ 300 billion opportunity and could double its manufacturing gross domestic product (GDP) in the next few years if it can improve the effectiveness of value chains.
The saffron bowl, which was so far confined to Kashmir, may soon expand to the North East of India. Plants from seeds transported from Kashmir to Sikkim and acclimatized there are now flowering in Yangyang in the Southern part of the North-East state.
Prime Minister Mr. Narendra Modi inaugurated the Ro-Pax terminal at Hazira and flagged off the Ro-Pax ferry service between Hazira and Ghogha in Gujarat through video conferencing. He also interacted with the local users. He renamed the Ministry of Shipping as the Ministry of Ports, Shipping and Waterways.
www.iffcobazar.in, the e-commerce arm of IFFCO has announced its integration with the SBI YONO Krishi, which is the dedicated portal catering to the farmer’s needs.
