News on Indian Economy
In another first, Khadi and Village Industries Commission (KVIC) today signed a MoU with ITBP for supply of 1.72 lakh cotton durries every year. The agreement was signed by Deputy CEO KVIC and DIG, ITBP, in presence of KVIC Chairman Shri Vinai Kumar Saxena and Additional Secretary (Home) Shri Vivek Bhardwaj and other officials of CAPFs.
Prime Minister Mr. Narendra Modi dedicated Kochi – Mangaluru Natural Gas Pipeline to the Nation through a video conference today. The event marks an important milestone towards the creation of ‘One Nation One Gas Grid’. Governors and Chief Ministers of Karnataka and Kerala, along with Union Minister for Petroleum and Natural Gas were also present on the occasion.
It is the first double-stack long haul 1.5 km long container train to run on electric traction. The corridor will be used for the exclusive operation of freight trains, which will run at a maximum speed of 100 km/hour. The first train has been flagged off from New Ateli in Haryana to New Kishangarh in Rajasthan.
A Memorandum of Understanding (MOU) was inked on January 5, 2021 between MAHA-METRO and DRDO through which DRDO will render technical support for the implementation of its advanced biodigester Mk-II technology for the treatment of human waste (night soil) in the metro rail network.
Launched by Prime Minister Shri Narendra Modi on January 5, 2015, the Government of India’s zero subsidy UnnatJyoti by Affordable LEDs for All (UJALA) and Street Lighting National Programme (SLNP) marks their sixth anniversary today.
The Indian Sugar Mills Association (ISMA) reported in a statement that in the October-December period of 2020-21 sugar marketing year, mills produced 110.22 lakh tonnes of sugar as compared to 77.63 lakh tonnes for the corresponding period last year.
India, which began the year ranked No 10 global stock markets in terms of aggregate market capitalisation, ended the year at No 8. Such a recovery looked impossible on March and April when India slipped out of top 10 markets. The sharp correction in equity markets in March saw India’s aggregate market capitalisation fall over 25 per cent in dollar terms
Ministry of Ports, Shipping and Waterways is initiating the process of commencing operations of the Seaplane services, on the select routes, under a Special Purpose Vehicle (SPV) framework through prospective airline operators. The project execution and implementation would be through Sagarmala Development Company Ltd (SDCL), which is under the administrative control of the Ministry.
In a game changing development, Freight Trains have started to attain top speeds of above 90 kmph on newly inaugurated New Khurja- New Bhaupur section of Eastern Dedicated Freight Corridor. Faster speeds would result in faster delivery of goods and faster turnaround reducing freight costs.
National Payments Corporation of India (NPCI) on Friday said transaction through Unified Payment Interface (UPI) platform would continue to be free.
