News on Indian Economy
Government data showed that the local production of smartphones is edging closer to normalcy with exports recovering to pre-Covid levels and imports falling by around half from June highs.
India has begun a sunset review of an anti-dumping probe on the imports of melamine from China based on a complaint by Gujarat State Fertilizers & Chemicals Limited. Antidumping duty was first imposed on the product in 2004 and was extended after multiple reviews. The existing duties will expire on January 27, 2021.
The online system enables the jewellers to submit the application for registration and fees online. In this system there will be no human interface in processing the applications. The moment a jeweller submits the application with the requisite fees, he will be granted registration.
Run-of-the-river plant along the Char Dham route will provide a major boost to Uttarakhand
The solar plants on vacant railway land will be installed with a capacity of around 67 MWp, while 40 MWp will be set up along the track under PPA mode.The solar plants on vacant railway land will be installed with a capacity of around 67 MWp, while 40 MWp will be set up along the track under PPA mode.
The Essential Commodities (Amendment) Bill 2020 with provisions to remove commodities like cereals, pulses, oilseeds, edible oils, onion and potatoes from the list of essential commodities was passed by Rajya Sabha today. Earlier, the bill was introduced by the Minister of State for Consumer Affairs, Food & Public Distribution, Shri Danve Raosaheb Dadarao in the Lok Sabha on 14th September, 2020 to replace ordinances promulgated on 5th June 2020. The bill was passed by Lok Sabha on 15th September, 2020.
Dr Jitendra Singh said in a written reply to Rajya Sabha that Prototype Fast Breeder Reactor (PFBR) being constructed by Bharatiya Nabhikiya Vidyut Nigam Limited (BHAVINI) is expected to get commissioned by October 2022. On completion of commissioning, PFBR will be adding 500 MW of electrical power to the national grid.
The Indian Government has opened the Kosi rail mega-bridge in the state of Bihar to improve railway connectivity.
The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Shri Narendra Modi has approved the increase in the Minimum Support Prices (MSPs) for all mandated Rabi crops for marketing season 2021-22. This increase in MSP is in line with the recommendations of Swaminathan Commission.
As per the request of Department of Space, Government of Tamil Nadu has identified 961.66.90 hectares in Thoothukudi district. Land survey is completed for 431.87.74 hectares and preliminary notification has been issued. Survey work for balance area is in advance stage.At present, one Launch Pad is being proposed at the second launch port at Kulasekarapattinam,Tamil Nadu.
