Ministry of AYUSH Decides to Set up An AYUSH Export Promotion Council
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.
Economy
News on Indian Economy
All You Need to Know About the New Parliament Building
Prime Minister Narendra Modi would be laying the foundation stone of the new Parliament building on December 10. The new building would be a four-storey structure with a seating capacity of 1,224 and cost Rs 970 crore. It would replace the existing colonial structure which would be completing hundred years in 2021.
Boost for Digital India as RBI to Set Digital Payment Security Control
With online customers getting robbed by cyber fraudsters on an alarming frequency, the RBI initiative was the need of the hour to secure the online payment process.
India has Potential to Export INR 8 Lakh Crore Worth Motherboards Between 2021-26: Report
India has potential to export motherboards, technically called printed circuit board assembly(PCBA), worth up to Rs 8 lakh crore between 2021-26, mobile devices industry body ICEA and EY said in a joint report.
National Highway Projects worth INR. 11,711 Cr Approved in Last 6 Years in Nagaland
Union Minister for Road Transport, Highways and MSMEs Shri Nitin Gadkari virtually inaugurated and laid foundation stones for 15 National Highways projects in Nagaland today. Chief Minister Shri Nephi Rio, MoS-RTH Gen (Dr) V K Singh, MPs, MLAs, senior officers from Centre and the State were present on the occassion. *These NH Projects has a length of about 266 KM involving cost of about Rs 4127 crore.*
Artificial Intelligence Alone can Add US$ 500 Billion to Economy: Google India
On Thursday, Google India said that artificial intelligence itself could add US$ 500 billion to the economy and help to better predict floods and diagnose diseases accurately. The company has allocated US$ 10 billion to extend India’s digital footprint, a top official said.
Business Activity Rises for 2nd Straight Month; Employment Up for First Time in 9 Months
The Indian services sector rebound was extended in November as new work orders assisted growth in business activity and the jobs increase in nine months, a monthly survey said on Thursday.
Conditions to Improve for India Inc in 2021 as Economy Revives: Moody’s
Situations for Indian companies will improve in 2021, as post-lockdown economic activity gathers pace and earnings rise on the back of robust demand recovery across sectors. This underpins the “stable” viewpoint of Moody’s Investors Service for Indian companies in 2021.
NSE Launches its First Agricultural Commodity Futures Contract
India’s major stock exchange, National Stock Exchange of India Ltd (NSE), launched the first Crude Degummed Soybean Oil (CDSO Futures) agricultural commodity futures contract on December 1, 2020. The CDSO Futures agreement is a monthly expiry futures contract with a 10 metric tonne (MT) trading lot size and a Kandla price basis.
Indian Oil Launches 100 Octane Petrol in India
Indian Oil Corporation (IOC) has launched 100 Octane petrol in India. Branded as XP100, this premium-grade petrol will initially be available in only 10 cities — Delhi, Gurgaon, Noida, Agra, Jaipur, Chandigarh, Ludhiana, Mumbai, Pune, and Ahmedabad.