News on Indian Economy
On Tuesday, the car dealers’ body FADA said retail sales of passenger vehicles (PV) in November saw a year-on-year rise of 4.17% to 2,91,001 units as the duration of Diwali-Dhanteras resulted in an increase in vehicle registrations.
Microsun Solar tech Private Limited has announced the completion of some key solar projects it has made for the Indo Tibetan Border Police, (ITBP), a key border force for the Indo-China border. The Indian army thus continues to build on its plans to use solar power more actively for its energy needs.
The Gem and Jewellery Export Promotion Council of India (GJEPC) on Monday said that if the current rate continues, total shipments are projected to hit about Rs. 1.6 lakh crore (US$ 20-21 billion) in this financial year with improvement in export market conditions.
While India is yet to officially spell out its electrification targets for 2030, the aspiration as stipulated by NITI Aayog-government’s primary think tank, states that 70 per cent of all commercial cars, 30 per cent of private cars, 40 per cent of buses, and 80 per cent of two-wheeler (2W) and three-wheeler (3W) sales would be electric by the end of this new decade.
NTPC Ltd., one of India’s largest integrated energy company and a PSU under Ministry of Power, signed a Memorandum of Understanding (MoU) with Indian Institute of Forest Management (IIFM), Bhopal, on 4th December, to implement the Narmada Landscape Restoration Project. The program is in partnership with a grant in aid from NTPC Ltd and United States Agency for International Development (USAID) in equal proportions.
Nokia Mobile, or HMD Global if you like, wants to devote a bit more focus on India and the Indian market. The Finnish startup started doing that by announcing special phone series that some of those would be exclusive in India.
Of the 48 high-frequency economic indicators tracked by the Reserve Bank of India (RBI), 18 remained below pre-Covid levels, while the rest jumped above the February mark.
PM inaugurated construction work of Agra Metro project in Agra, Uttar Pradesh today through video conference. Union Minister of Housing and Urban Affairs, Shri Hardeep Singh Puri, Chief Minister of Uttar Pradesh, Shri Yogi Adityanath, and other dignitaries attended the event.
Ministry of New and Renewable (MNRE), after consultation with state governments, has decided to issue Guidelines for Implementation of Feeder Level Solarisation under Component-C of PM-KUSUM Scheme.
The Ministry of Commerce and Industry and the Ministry of AYUSH have decided to work together to set up an Export Promotion Council to boost AYUSH exports.
