News on Indian Economy
According to the recent statement from the Ministry of Agriculture & Farmers Welfare, about 72.46 lakh farmers have benefitted from the ongoing Kharif Marketing Season (KMS) procurement operations with Minimum Support Price (MSP) value of Rs. 1,02,161.76 Crore (US$ 13.96 billion).
Through the agreement, BDL will become a part of the STARStreak missile system”s global supply chain, providing the opportunity for export of Indian manufactured components to this system”s existing and future customers, including the UK Armed Forces, Thales said in a statement.
The Bangalore Metro Rail Project Phase-2 covers a route length of 74 km with 62 stations and consists of extensions to both Purple and Green lines of Phase-1 in all the four directions totaling 34 km and two new lines viz. Gotigere-Nagawara for a route length of 21 km & R V Road- Bommasandra for a route length of 19 km.
In the financial year 2020-2021 (upto 12th January 2021), sales worth Rs. 484 Cr were recorded at the 7064 Pradhan Mantri Bhartiya Jan Aushadhi Kendras across all districts of the country selling quality generic medicines. This figure which is 60% higher than the corresponding figures of the previous financial year, has led to savings of approx. Rs. 3000 Cr. to the citizens of this country.
India’s new Foreign Trade Policy, under formulation, will come into effect from April 1, 2021 for five years and will strive to make the country a leader in international trade, the government said on Tuesday.
Signal is a cross-platform end-to-end encrypted messaging service that allows users to have one-on-one conversations and group chats.
According to a survey, a total of 11 private Indian companies have made it to the list of 500 most valuable companies in the world, and India is ranked 10th on the ranking.
Elon Musk’s Tesla has registered with the Registrar of Companies (RoC) as Tesla India Motors and Energy Private Limited. It is learnt that the company incorporated itself in Bengaluru on January 8, 2021.
The eco-friendly, non-toxic paint, called“Khadi Prakritik Paint” is a first-of-its-kind product, with anti-fungal, anti-bacterial properties. Based on cow dung as its main ingredient, the paint is cost-effective and odorless, and has been certified by Bureau of Indian Standards.
The amount released this week was the 11th instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 5.1057%. So far, an amount of Rs.66,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.7271%.
