News on Indian Economy
Global leader in medical technology, Medtronic plans to invest Rs 1,200 crore (US$ 170.24 million) in scaling up and expanding its current research and development centre into a modern engineering and innovation hub in Hyderabad.
India’s exports of non-basmati rice in the first two months of FY21 has jumped 52.5 per cent to 11.13 lakh tonnes from 7.3 lakh tonnes in the same period of FY20.
India ranks first in number of organic farmers and ninth in terms of area under organic farming. Sikkim became the first State in the world to become fully organic and other States including Tripura and Uttarakhand have set similar targets. North East India has traditionally been organic and the consumption of chemicals is far less than rest of the country. Similarly the tribal and island territories are being nurtured to continue their organic story.
Recently, the Raksha Mantri, Rajnath Singh inaugurated the upgraded, state-of-the-art Maareech Integration Facility through Video Conference. Gowtama M V, Chairman & Managing Director, Bharat Electronics (BEL), on the occasion gave a presentation to the Raksha Mantri on Advanced Torpedo Decoy System (ATDS) Maareech. This initiative by BEL is in accordance with the Prime Minister, Narendra Modi’s vision of an ‘Atmanirbhar Bharat’, a self-reliant nation.
The Indian Railways will provide its surplus land parcels on lease at more than locations to Food Corporation of India (FCI) and other agencies of the food ministry for building storage facilities to see not a single grain is wasted.
Joka-Esplanade Metro will be India’s first Metro to run on indigenously manufactured rail. The first lot of the rails reached Joka depot on Monday. Hitherto, all the Metros in India have been running on imported rails as Indian steel companies did not produce these head hardened (HH) rails, which are used for high speed trains (>250 kmph), heavy traffic of varying axle loads for freights and Metro rail.
The Ministry of Road Transport and Highways (MoRTH) has allowed registration of electric vehicles without pre-fitted batteries. In a letter to Transport Secretaries of all the States and UTs, the ministry has clarified that vehicles without batteries can be sold and registered based on the type approval certificate issued by the Test Agency.
Tata Projects, an infrastructure major, said it along with its consortium partner has completed 110-km stretch of the 200-km Surathani-Phuket transmission line project in Thailand.
The online dashboard is envisaged as a one stop solution for all stakeholders looking for information on infrastructure projects in New India. The dashboard is being hosted on the India Investment Grid (IIG) (www.indiainvestmentgrid.gov.in). IIG is an interactive and dynamic online platform that showcases updated & real-time investment opportunities in the country.
Speaking on the occasion, Shri Goyal said that we have to accept the post COVID-19 pandemic reality. World has changed. World will learn and unlearn out of this Covid experience. “
