News on Indian Economy
India is one of the top three choices for overseas investments in the next two-three years, said a survey conducted by Confederation of Indian Industries (CII) and EY to assess India’s competitiveness in terms of certain parameters and give constructive suggestions to policymakers.
The Naukri JobSpeak Index for September revealed that further opening of the economy with unlocking steps and increased mobility has led to an improvement in hiring activities in sectors such as real estate, auto / ancillary and hospitality / travel compared to August.
French auto major Groupe PSA is set to bring its Citroen brand to India with a top-line premium mid-size SUV called C5 Aircross, followed by a mass market small electric SUV by 2022, reports Economic Times.
As many as 44 bridges built in border areas of Ladakh, Arunachal Pradesh, Sikkim, Himachal Pradesh, Uttarakhand, Punjab and Jammu and Kashmir were dedicated to the nation by Defence Minister Rajnath Singh on Monday.
Furthermore, balance of trade during April-September 2020 has been significantly positive at Rs 9002 Crore (US$ 1.23 billion) as against trade deficit of Rs. 2133 (US$ 29.21) during the same period in 2019. On month to month basis (MoM), India’s agricultural export of essential agricultural commodities during September 2020 has been of Rs 9296 crore (US$ 1.27 billion) against export of Rs 5114 crore (US$ 700.39 million) during September 2019, showing an increase of 81.7%.
Under the visionary leadership of Prime Minister Shri Narendra Modi, National Supercomputing Mission was set up to provide necessary computational power to the Academia, Industry, Scientific and Research Community, MSME and the Start-ups to solve India specific grand challenges and complex real life problems in Science and Engineering.
India’s bullet train project has caught up speed. The National High-Speed Rail Corporation Limited on Thursday invited bids for design and construction of about 18 km of viaduct between Anand and Sabarmati including HSR stations at Ahmedabad and Sabarmati for Mumbai Ahmedabad High Speed Rail corridor. The alignment also has 31 crossing bridges including 6 (six) Steel truss bridges.
In order to increase the production of black cumin, the Jammu and Kashmir government has set up a research centre for its cultivation in Jammu and Kashmir’s Pampore district.
With a view to facilitating take offs and landing at border areas, road and highways in the area are being developed on a massive scale, as revealed by top government sources.The Indian Air Force (IAF), The Border Road Organisation (BRO), and the ministry of road transport and highways are working together in this regard.
For all the cycling enthusiasts in Bengaluru, this is a great news! A long-pending dream of cycle riders has finally turned into reality as bright orange pop-up lanes between Silk Board junction and Lowry Memorial College near K.R. Puram on Outer Ring Road (ORR) inaugurated in Bengaluru. With this, Bengaluru has become the first Indian state with a pop-up cycle lane.
