News on Indian Economy
Taking another important step towards the vision of ‘Atmanirbhar Bharat’, the Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) with a budgetary outlay of Rs. 6,238 crore.
Accordingly, the inflow rose to $72.12 billion during April to January, 2021, 15 per cent higher as compared to the first ten months of 2019-20, when it stood at $62.72 billion.
This achievement is a major leap towards the completion of the 111 k.m. long winding stretch from Katra to Banihal. It is arguably the biggest civil-engineering challenge faced by any railway project in India in recent history. The 5.6-metre last piece of metal was fitted at the highest point today and joined the two arms of the arch that currently stretch towards each other from both the banks of the river.
In 2000, he identified a mango tree in his orchard with an appreciable growth trend, dark green colored leaves. He noticed that the tree bloomed round the year. On observing these traits, he prepared five grafted mango plants using it as a scion. It took him about fifteen years to develop this variety by preserving and preparing the grafts. He noticed the grafted plants started bearing the fruits from the second year of grafting itself.
Ambassador, Mr. Ilan Sztulman Starosta, Head of the Israeli mission in Dubai, said “By 2030, the foreign market opportunity backed by Israeli development, the UAE’s visionary leadership, and both countries’ trading relationship with India could be worth US$ 110 billion.”
India’s biggest floating solar power plant with a capacity of 100 megawatt is expected to become operational in Telangana next month. The project has been set up by the energy conglomerate National Thermal Power Corporation (NTPC) in the reservoir of its thermal power plant at Ramagundam, Peddapalli district.
India is growing rapidly. Hopes, Aspirations and Expectations are rising. There is a large group of potential entrepreneurs particularly women and Scheduled Caste (SC), Scheduled Tribes (ST) who want to set up an enterprise of their own, which allows them to grow and thrive. Such entrepreneurs are spread across country and are bubbling with ideas on what they can do for themselves and their families.
“The government will give cash incentives of more than $1 billion to each company which will set up chip fabrication units,” a senior government official told Reuters.
That trend reversed in 2020, however, when the pandemic pummelled fuel demand and forced Indian refiners to make committed oil purchases from the Middle East under term contracts, shunning spot purchases. As India shifts gears again after Pradhan’s call for faster diversification, refineries are looking for new suppliers, the oil ministry official said.
Indian Railways has logged highest ever electrification of sections covering 6,015 Route Kilometer (RKM)in single year during 2020-21.
