News on Indian Economy
The construction of Arun-III hydropower project in Nepal’s Sankhuwasabha district is on fast-track as five Indian banks and two Nepali banks have committed to lend debts for construction of the 900 MW mega power project.
Amazon India, an e-commerce firm, rolled out Amazon Pharmacy, foraying into the online medicine segment that has significant gained momentum during the COVID-19 led lockdown and even after unlocking.
NTPC Ltd., a central PSU under Ministry of Power and country’s largest power generation company, has developed an infrastructure at Rihand project in Uttar Pradesh to transport fly ash in bulk to cement plants, located at distance, at a cheaper cost. The development is in line with NTPC’s commitment towards 100 percent utilization of fly ash from power plants.
The BRO mobilised its bridging resources and setup to construct the bridge. The biggest challenge was to transport parts to the site from Pithoragarh amidst frequent landslides and heavy rains. The bridge was successfully completed on August 16, 2020. This has led to accessing flood affected villages and has connected Jauljibi to Munsiyari.
Garden Reach Shipbuilders and Engineers (GRSE) on Thursday launched its portable assault bridge that can be broken up into pieces and carried by infantry soldiers as part of their kit. The bridge was inaugurated by defence minister Rajnath Singh through a video conference.
Speaking on the occasion, Chief Minister Yogi Adityanath said that after signing of the MOU, the Indian Navy will be able to find solutions to its problems through the Centre of Excellence being established at the Defence Corridor in the state. “Prime Minister Narendra Modi has also stressed on ‘Aatmanirbhar Bharat’ and has emphasised on innovation and domestic production,” said the CM.
There has been satisfactory progress of sowing area coverage under Kharif crops. As on 14.08.2020, the total kharif crops have been sown on 1015.58 lakh ha area against 935.70 lakh ha area during the corresponding period of last year, thus increase in area coverage by 8.54% compared to last year in the country.
Ministry of Shipping has rationalized tariff rates for the Cruise vessels. The net effect of the rate relaxation would be an immediate reduction in port charges ranging from 60% to 70%, which will give substantial relief to the cruise industry in India, in line with the government policy to support the economy in COVID-19 pandemic situation.
Union Minister for Social Justice & Empowerment, Shri Thaawarchand Gehlot e-inaugurated the new building of National Institute of Social Defence (NISD) Sector-10, Dwarka, New Delhi today. In his inaugural address, Shri Gehlot said that NISD is the nodal training and research institute in the field of social defence which focuses on human resource development for drug abuse prevention, welfare of senior citizens and transgenders, beggary prevention, and other social defence issues.
The National Highways Authority of India (NHAI) has set the timeline for 23 new highways, including a network of expressways and economic corridors, which will be ready by March 2025. Four expressways, including Delhi-Mumbai, Ahmedabad-Dholera and Amritsar-Jamnagar are scheduled for completion by March 2023. Nine more will be ready by March 2024.
