News on Indian Economy
Shri R. K. Singh, the Union Minister of State(I/C) for Power and New & Renewable Energy, laid foundation stone for construction of LILO of Kishenganj-Darbhanga 400kV Transmission Line at Saharsa in Bihar through a virtual event. The execution agency for the ₹ 100 crore worth project is POWERGRID Ltd., a central PSU under Ministry of Power.
Describing the north-east as the link between two fundamental pillars of India’s foreign policy — Neighbourhood First and Act East — foreign secretary Harsh Shringla said on Thursday that India was working with its neighbours and other friendly countries like Japan to improve infrastructure and connectivity in the region, while also facilitating greater regional integration.
The incentive program, being spearheaded by the country’s policy planning body, uses the template of a scheme implemented earlier this year to draw businesses away from China.
Royal Enfield, the niche motorcycle brand of Eicher Motors, said it will commence local assembly of motorcycles in Argentina in partnership with Grupo Simpa, a local distributor in the country since 2018.
India has begun an anti-dumping probe in the imports of certain flat rolled products of aluminum originating in or exported from China based on a complaint by Hindalco Industries alleging injury to the domestic industry due to the dumped goods. The Directorate General of Trade Remedies (DGTR) will probe the dumping from FY17 to December 2019.
Union Minister of State for Shipping (I/C) Shri Mansukh Mandaviya today launched ‘SAROD-Ports’ (Society for Affordable Redressal of Disputes – Ports) through virtual ceremony today in New Delhi.
Union Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan today dedicated to the nation 56 CNG stations. These CNG stations are in 13 states and one UT-Chandigarh, Bihar, Gujarat, Haryana, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, West Bengal, and Andhra Pradesh.
Rashtriya Chemicals and Fertilizers Ltd -RCF a PSU under the Ministry of Chemicals and Fertilizers has started its Methanol Plant at Trombay Unit, Mumbai from 8th September 2020. This is a step towards Atmanirbhar Bharat Abhiyan
Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman today inaugurated Doorstep Banking Services by PSBs and participated in the awards ceremony to felicitate best performing banks on EASE Banking Reforms Index.
The inaugural run of Anantapur – New Delhi Kisan Rail was flagged off today through video link by Shri Narendra Singh Tomar, Union Minister of Agriculture & Farmer Welfare, Rural Development and Panchayati Raj, and Shri Y.S. Jagan Mohan Reddy, Chief Minister of Andhra Pradesh.
