News on Indian Economy
According to several reports, X-Ray baggage segment in India have always been dominated by the Chinese manufacturers and suppliers and amid the political tension between India and China, the government of India led by Prime Minister Narendra Modi have constantly been promoting their ‘Atmanirbhar Bharat’ initiative which literally means ‘self-reliant India’.
Vanadium alloys are durable in extreme temperature and environments, and are corrosion-resistant. Its addition improves the tensile strength of steel and of reinforcing bars used for buildings, tunnels and bridges.
In line with Prime Minister Narendra Modi’s vision of ‘Vocal For Local’, and to boost toy manufacturing, Koppala will have India’s first toy manufacturing cluster.
Indian Railway has started the New Year by achieving a landmark achievement by drastically enhancing the maximum speed to 130 kmph for 1,280 km length out of 1,612 Km in Golden Quadrilateral – Golden Diagonal (GQ-GD) route.This covers the entire GQ-GD route over South Central Railway, except Vijayawada – Duvvada section, where signaling up-gradation work is in progress.
The 600-MW floating solar complex to be constructed in Madhya Pradesh, India, is expected to be operational by 2022-2023, the Economic Times reported on Tuesday, citing the new and renewable energy minister for the state, Hardeep Singh Dang.
In a first for India, Air India Express has started robotic technology to clean and disinfect aircraft interiors at Delhi airport. The carrier has tied up with ground handling agency AISATS to launch the technology in India.
India’s seventh Trade Policy Review (TPR) began on Wednesday, 6th January 2021, at the World Trade Organization in Geneva. The TPR is an important mechanism under the WTO’s monitoring function and involves a comprehensive peer-review of the Member’s national trade policies. India’s last TPR took place in 2015.
The Reserve Bank of India (RBI) in its recent announcement has confirmed the commencement of testing under the first cohort of Regulatory Sandbox on Retail Payments by Eroute Technologies. Digital payments, which were believed to be possible and dominated only by the internet-connected smartphone user segment, will soon be available to every mobile user in India including those using a non-smartphone or a ‘feature’ phone means a phone that doesn’t have an internet connection.
Dedicated Freight corridor, whose Rewari – Madar section on Western corridor, was dedicated to the Nation by Prime Minister Shri Narendra Modi today, is going be the game changer in economic development of the country.
100,000 Wi-Fi systems indigenously designed, developed, and manufactured by HFCL Limited, (previously known as Himachal Futuristic Communications) were delivered in record time. The company acknowledges that Wi-Fi Access Network Interface or WANI together with the enthusiastic BharatNet initiative of the Centre would increase broadband availability in rural India.
