News on Indian Economy
Virgin Hyperloop, the category leader in hyperloop technology, and Bangalore International Airport (BIAL) signed a first-of-its-kind MoU to conduct a feasibility study for a proposed Hyperloop corridor from BLR airport.
User Depot Module (UDM) developed by CRIS (Centre for Railway Information Systems) was rolled out digitally across all User Depots of Western Railway by Sri P. C. Sharma, Member(T&RS) on 28.09.2020.
Calling for a ‘Aatmanirbhar Bharat’ (self-reliant India) by Prime Minister Mr Narendra Modi is a significant initiative, the International Monetary Fund (IMF) said on Thursday.
According to a joint initiative study by Bengaluru-based market research company RedSeer and Bigbasket (Brand Intelligence), led by the substantial increase in organic adoption during Covid-19, eGrocery in June this year saw an increase in gross merchandise value (GMV) of 1.7 times compared to January.
NTPC Ltd, India’s largest power producer and a PSU under Ministry of Power, has invited bids for procurement of biomass pellets for its various thermal plants on the basis of Domestic Competitive Basis (DCB) as part of its endeavour to reduce burning of crop residue on farmlands that cause air pollution.
There was a report in certain section of media that stock traders/day traders are required to furnish scrip wise details in the return of income for AY 2020-21. The gain from share trading in case of stock traders or day traders is generally categorised as short-term capital gains or business income.
India plans to offer $4.6 billion in incentives to companies setting up battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, Reuters reported.
Infrastructure is one of the five pillars of AtmaNirbhar Bharat envisioned by our Hon’ble Prime Minister and it is a matter of great pride that these high-speed, high-frequency commuter trains for RRTS are entirely being manufactured under the government’s ‘Make in India’ policy
In a big push towards electric mobility the Government has sanctioned 670 Electric buses in the states of Maharashtra, Goa, Gujarat and Chandigarh and 241 Charging Stations in Madhya Pradesh, Tamil Nadu, Kerala, Gujarat and Port Blair under Phase-II of FAME India Scheme.
The government has constituted five task forces to make India”s micro, small and medium enterprises future-ready and formulate a concrete strategy towards making the country a leading exporter, a top government official said on Thursday.
