News on Indian Economy
The Fertilisers and Chemicals Travancore Limited (FACT), a Public Sector Company under the Ministry of Chemicals & Fertilisers, has made a record profit of Rs.83.07 Crore for the quarter ended 30 September 2020.
WhatsApp has started its payments service in India on Friday, the messaging app said in a blog post. WhatsApp received NPCI approval on Wednesday evening to ‘Go Live’ on UPI in a graded manner.
Japan has agreed to offer financial assistance to two companies — Toyota-Tsusho and Sumida — to diversify their manufacturing base to India as part of its recent initiative to provide subsidy to companies relocating from China.
After a rebound led by Korea’s Samsung, which dethroned Chinese Xiaomi to emerge as the top smartphone and mobile brand, CMR said, India’s smartphone shipments hit the highest ever level of 14% year-on-year in Q3 2020.
On the bank of a small stream, amidst the lush green paddy fields, lies the serene and a bit obscure Mimey village. Situated about 40 km away from the district headquarter under Chowkham block, Namsai district in the eastern part of Arunachal Pradesh, Mimey village is abode of some 42 households.
The Indian Railways is planning to build the world’s longest railway platform at the Hubbali railway junction in Karnataka, according to a report in Deccan Herald.
Khadi’s online sale has brought good fortune for its empowered potters this Diwali. Earthen lamps (Diya) made by these potters in the remote parts of Jaisalmer and Hanumangarh districts in Rajasthan are reaching every corner of the country, thanks to Khadi India’s e-portal .
To let customers book and pay for their HP Gas cylinder refill, Amazon India has partnered with Hindustan Petroleum Corporation Limited. Under the partnership, prior to delivery, consumers will be able to book and pay for their LPG cylinder. To book the cylinder and pay using any digital mode, (such as UPI, Credit Cards, Debit Cards, and Net-banking) they can go to the Amazon Pay tab on the Amazon website / app.
KPMG expects 2W penetration of 25-35% in India and 65-75% in 3Ws by 2030. The electrification of passenger vehicles (PV) is expected to follow, with 10-15% penetration in the personal segment and 20-30% in the commercial segment by 2030.
The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved the investment of Rs.1810.56 crore for 210 MW Luhri Stage-I Hydro Electric Project located on river Satluj which is situated in Shimla &Kullu districts of Himachal Pradesh. This project will generate 758.20 million units of electricity annually.
