News on Indian Economy
Government of India, under the SATAT initiatives envisages setting up of 5000 CBG plants by 2023-24 with production target of 15 MMT, facilitating the creation of new employment opportunities and enhancing farmers’ income towards further invigorating the rural economy.
The Indian Regional Navigation Satellite System (IRNSS) has been accepted as a component of the World Wide Radio Navigation System (WWRNS) for operation in the Indian Ocean Region by the International Maritime Organization (IMO).
Barclays updated its Indian economy’s fiscal 2022 growth projections to 8.5% from an earlier 7% estimate, saying the country will “return to normal” faster than anticipated as the COVID-19 curve begins to soften in the world’s second-most populous country.
The Government of India, the Government of Meghalaya and the World Bank today signed a $120 million project to improve and modernise the transport sector of state of Meghalaya. This will help Meghalaya to harness its vast growth potential for high-value agriculture and tourism.
On Wednesday, Amazon India launched a toy store in line with the government’s “Atmanirbhar Bharat” vision, where sellers from 15 Indian states will showcase thousands of exclusive toys in categories such as traditional, handmade, and educational.
India can obtain a sizable share of the global market by becoming the hub for laptops and tablets. Such a move will give a manufacturing value of $100 billion by 2025 and will also create 5 lakh additional jobs, ICEA said in a statement.
Param Siddhi, thehigh performance computing-artificial intelligence (HPC-AI) supercomputer established under National Supercomputing Mission (NSM) at C-DAC has achieved global ranking of 63 in TOP 500 most powerful non-distributed computer systems in the world released on 16th November 2020.
These projects include a 440 MW solar plant inside the park, 210 MW solar plant outside the park, 49 MW rooftop installations for commercial/industrial sites, and 4 MW units across 8,400 homes.
In the first half of November this year, India’s power consumption increased 7.8% to 50.15 billion units (BU), indicating an improvement in economic activity, according to government data. According to data from the power ministry, power consumption in the country was registered at 46.52 BU between November 1-15 last year.
On Monday, Amazon India launched ” STEP “, a performance-based profit programme to help promote development for the seven lakh sellers on its website.
