News on Indian Economy
The plate cutting ceremony is one of the initial milestones in the vessel construction process. Cochin Shipyard signed contracts for the construction and supply of two autonomous electric ferry for ASKO Maritime AS, Norway with an option to build two more identical vessels in 15 July 2020.
India’s own 5G technology, TSDSI 5Gi, has completed the evaluation phase of ITU’s International Mobile Telecommunications 2020 (IMT-2020) vision and now conforms with the stringent performance requirement, ITU said in a statement
Seventy-two per cent of contracts of the bullet train project between Mumbai and Ahmedabad will be undertaken by domestic firms as part of the railways’ efforts to boost ”Aatmanirbhar Bharat”, Chairman and CEO of the Railway Board V K Yadav said on Friday.
ISA, the first treaty-based international government organization headquartered in India, along with the World Bank has been working on SRMI in Maldives that extends guarantees and technical assistance.
Total Foreign Direct Investments (FDI) inflows into India during the second quarter of financial year 2020-21 (July, 2020 to September, 2020) have been US$ 28,102 million, out of which FDI equity inflows were US$ 23,441 million or Rs. 174,793 crore.
The National High Speed Rail Corporation (NHSRCL) on Thursday signed the country’s largest ever government-funded civil contract of nearly Rs 25,000 crore for the Ahmedabad-Mumbai bullet train project with infrastructure major Larsen and Toubro (L&T).
The construction company said they have deployed people on ground to start work.
According to the IBF, the government’s proposal to set up 5,000 compressed bio-gas plants by 2023-24 will improve the production of bamboo in the country and encourage the industry as the commodity can be used to produce gas.
Due to increasing health awareness, remote work and learning requirements, rising demand for fitness watches and earwears led to record shipments of these wearables in India in the September quarter (Q3 CY20). According to International Data Corporation (IDC), a total of 11.8 million wearables were delivered in the third quarter, up by 165.1% on year on year basis.
Indian Railway has launched completely digitized online Human Resource Management System (HRMS). Human Resource Management System (HRMS) is a high thrust project for Indian Railways to leverage improved productivity & employee satisfaction.
Ladakh has ranked third among all Union Territories in implementing the AtmaNirbhar Nidhi (PMSVANidhi) scheme of PM Street Vendor to help the significantly affected street vendors amidst COVID-19, a senior official said on Wednesday.
