News on Indian Economy
Start-ups are the initiative to bring innovation in mainstream. The action plan is to focus on simplification and handholding. Another important aspect of start-ups is industry-academia partnership and incubation.
India’s only international financial hub is seeking to seize a major part of the offshore rupee trading business within two years, a target that is both ambitious as well as crucial for its plan to be an alternative global financial gateway.
Self-reliant agriculture is critical for the goal of an Atmanirbhar Bharat. For this, agricultural export is extremely important as besides earning precious foreign exchange for the country, the exports help farmers/producers/exporters to take advantage of wider international market and increase their income. Exports have also resulted in increased production in agriculture sector by increasing area coverage and productivity.
Drone surveillance technology has emerged as an important and cost effective tool for security surveillance over large areas with limited manpower. Mumbai Division of Central Railway in Indian Railways has recently procured two Ninja UAVs for better security and surveillance in Railway areas like station premises, Railway track sections, yards, workshops, etc.
In a major boost to development of Odisha, the proposed Kharagpur-Vijayawada corridor will pass through the state’s Kalinagar Industrial area, connecting it with southern India.In a major boost to development of Odisha, the proposed Kharagpur-Vijayawada corridor will pass through the state’s Kalinagar Industrial area, connecting it with southern India.
Pradhan Mantri Gram Sadak Yojana (PMGSY), is a flagship program of Govt. of India for providing connectivity to unconnected habitations, based on census 2001. In the UTs of J&K and Ladakh, all unconnected habitations of population above 250, are eligible under the program. In the UT of Jammu & Kashmir, 3,261 roads of length of 19,277 km and 243 bridges have been sanctioned, out of which 1858 roads of length 11,517 km and 84 bridges have been completed.
A Hyderabad-based diversified firm, Medha Servo Drives laid the foundation for setting up a rail coach factory in Telangana at an investment of Rs 1,000 crore (US$ 141.86 million).
In a move ahead in manufacturing indigenous metro coaches, a Kolkata based firm Titagarh Firema has become the first Indian firm which is going to manufacture aluminium-bodied coaches. It is supposed to supply the first fleet of these coaches to Pune Metro.
The Indian government may impose a solar-like safeguard duty on wind turbine components to curb Chinese imports.
The bullion index, Bulldex, being launched by MCX is the sixth product in bullion complex with 1-kg gold, 100-gm goldmini, 8-gm gold guinea and 1-gm gold peta, while the Options on Futures on 1-kg gold is already in place.
