News on Indian Economy
The Union Minister for Consumer Affairs, Food & Public Distribution Shri Ram Vilas Paswan today virtually launched the online system of Registration and Renewal of Jewellers and online system of recognition and renewal of the Assaying and Hallmarking Centres. This online system can be accessed through Bureau of Indian Standards web portal www.manakonline.in.
L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T), has signed a memorandum of understanding with NTPC Ltd., a Maharatna PSU on 19th August 2020, wherein LTHE shall be the Engineering, Procurement and Construction Management partner to build CO2 to Methanol demonstration Plant in NTPC Power Station.
Keeping in mind the Narendra Modi government’s focus on providing better connectivity to Buddhist sites, Ladakh Governor R.K. Mathur is aggressively pursuing projects to ramp up internal connectivity, which, in turn, can go a long way in building India as a cultural soft power.
The Railways is considering using India Post services for last-mile connectivity for consignment across the country, Railway Board Chairman VK Yadav said Thursday, after a pilot project was carried out by the Central Railways in Maharashtra.
India’s dependence on thermal power will reduce to 50 per cent by 2021-22 and 43 per cent by 2026-27 on the back of renewable energy (RE) capacity additions, a report said. Thermal power includes diesel, gas and coal-based electricity generation which contributes 63 per cent of total electricity generation capacity in India as per the report.
At a time when the country’s economy took a severe jolt due to Covid-19 lockdown, the flagship Prime Minister Employment Generation Program (PMEGP) implemented by Khadi and Village Industries Commission (KVIC) progressed at a much rapid pace. Thanks to a major decision of the Ministry of MSME introducing a new&faster mechanism in approving the PMEGP projects, the approval of projects during the first five months of this financial year, i.e. from April 1, 2020 to August 18, 2020, increased by a whopping 44%.
The subscriber base growth is on account of increased number of new subscribers, lower exits and higher rejoining by exited members. The new subscriber joining has increased roughly by 64 % from 3.03 lakh in May to 4.98 lakh in June 2020. In addition, the exits from EPFO subscriber base declined by nearly 33% from 4.45 lakh in May to 2.96 lakh in June 2020.
Union Minister of Chemicals and Fertilizers Shri. D.V. Sadananda Gowda has said that his Department of Pharmaceuticals has taken several measures to create suitable environment for development of domestic capacity in the pharma sector .
The Department for Promotion of Industry and Internal Trade (DPIIT) held a meeting on Wednesday with major e-commerce firms including Flipkart, Amazon, Snapdeal, Pepperfry and Paytm Mall amongst others to discuss the scope of listing geographic indication (GI) products on their platforms.
Spanning across an area of 89,032m2, the Salt Golah site consists of some old salt godowns and administrative offices in a highly dilapidated condition
