India and Korea to Have Trade Talks Tomorrow
iscussion will focus on addressing the large trade deficit, market access issues and non-tariff barriers faced by Indian exporters. The discussion will also feature investment related issues.
Economy
News on Indian Economy
Indian Mangoes & Pomegranate Get Market Access in USA
Mango and pomegranate exports will start from Jan – Feb 2022 and pomegranate aril exports from Apr 2022. Exports of Alfalfa hay and cherries from USA will begin in Apr 2022.
Shri Nitin Gadkari Lays Foundation Stone for 336 KMs of 10 National Highway Projects Worth INR 14169 Crore in Uttar Pradesh
ri Nitin Gadkari, Union Minister for Road Transport and Highways, virtually laid the foundation stone for ten national highway projects totalling 336 kilometres and costing Rs 14,169 crores in Mathura, Uttar Pradesh. With the completion of the Mathura-Hathras-Budaun-Barielly Highway, traffic congestion at pilgrimage and tourism sites will be alleviated.
India Climbing Up the Ladder of Emerging Tech Patents, Shows Data
According to data from global IP research and consultancy firm Sagacious IP, 5,000 patents were filed in AI in India in the decade 2011-2020. But of these, 86 per cent were filed in the last five years.
Electric Vehicles Sales in India to Touch 1 Million Units This Year: SMEV
The Society of Manufacturers of Electric Vehicles (SMEV) said on Thursday that total electric vehicle sales in India are likely to reach around 10 lakh units this year, about equal to what was sold in the previous 15 years, owing to the high traction seen by electric two-wheelers. SMEV claimed in a statement that sales of electric two-wheelers (E2Ws) in the country more than doubled in 2021 to 2,33,971 units, driven by a robust traction of high-speed scooters, compared to 1,00,736 units in 2020.
MSME Credit Guarantee Scheme Saved 1.35 Million Firms, 15 Million Jobs: Report
According to a research report, the government’s Emergency Credit Line Guarantee Scheme (ECLGS), which was implemented in 2020 to help MSMEs affected by the COVID-19 pandemic, has prevented 13.5 lakh businesses from going bankrupt, saving 1.5 crore jobs.
More Than 75% Of North Eastern Railway Routes Electrified So Far: 100% Electrification By 2022
North Eastern Railway, which is predominantly a passenger-oriented system, has established itself as one of the leading zones in providing safe, secure, faster, more comfortable, and dependable public transportation in the year 2021.
NHPC Signs Promoters Agreement With Gedcol For “Development Of 500 MW Floating Solar Projects
With signing of Promoters Agreement, NHPC and GEDCOL agree to jointly establish a Company for implementation of 500 MW Floating Solar Power Projects in Odisha and other such projects in subsequent periods as may be decided by the JVC from time to time as per GoI directions.
India Reaches Non-Fossil Fuel Milestone Much Ahead of 2030 Deadline
“At COP-21, as part of its NDCs, India had committed to achieving 40 per cent of its installed electricity capacity from non-fossil energy sources by 2030. The country has achieved this target in November 2021 itself,” MNRE said in a statement released last month
Cabinet Approves Intra-State Transmission System – Green Energy Corridor Phase-II
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister, Shri Narendra Modi, today approved the scheme on Green Energy Corridor (GEC) Phase-II for Intra-State Transmission System (InSTS) for addition of approximately 10,750 circuit kilometres (ckm) of transmission lines and approx. 27,500 Mega Volt-Amperes (MVA) transformation capacity of substations. The scheme will facilitate grid integration and power evacuation of approximately 20 GW of Renewable Energy (RE) power projects in seven States namely, Gujarat, Himachal Pradesh, Karnataka, Kerala, Rajasthan, Tamil Nadu and Uttar Pradesh.