News on Indian Economy
After giving highest ever monthly LHB coach production in July and Sept 2020, now this LHB coach production unit has achieved another milestone of record per day LHB outturn of 5.88 coaches in October 2020.
The IHS Markit India Manufacturing Purchasing Managers’ Index rose to 58.9 in October 2020—the highest since mid-2008—from 56.8 in September. A reading over 50 indicates economic expansion.
Path breaking e-invoice initiative which completed one month on the 31st October, is poised to revolutionize the way businesses interact with each other. According to NIC, within the first month of introduction itself, more than 495 Lakh e-invoices were generated on the NIC portal by 27,400 tax payers.
The government is looking to set up 14 more water aerodromes across the country after the successful launch of maiden seaplane service by Prime Minister Narendra Modi between the Statue of Unity near Kevadiya in Gujarat’s Narmada district and Sabarmati Riverfront in Ahmedabad.
Green hydrogen is a next generation fuel, with gas produced through electrolysis from water by using electricity generated through non-greenhouse gas (GHG) producing energy sources such as wind, solar or hydro. Hydrogen is also produced from others sources such as coal, oil and gas.
The gross GST revenue collected in the month of October, 2020 is ₹ 1,05,155crore of which CGST is ₹ 19,193 crore, SGST is ₹ 25,411 crore, IGST is ₹ 52,540 crore (including ₹ 23375crore collected on import of goods) and Cess is ₹ 8,011crore (including ₹932 crore collected on import of goods). The total number of GSTR-3B Returns filed for the month of October upto 31stOctober, 2020 is 80 lakh.
India retained its 34th position among 50 nations in the Nation Brand Index (NBI) 2020 in market research conducted by Ipsos in collaboration with Simon Anholt, an authority on the national image.
To meet the goal, the Central Leather Research Institute of India (CLRI) has taken it up to conduct a pan India foot survey to evolve indigenous ‘Footwear Sizing System’, post due evaluation and analysis of the survey-data.
The cabinet committee on economic affairs on Thursday approved a Rs 10,211-crore project to improve the safety and performance of select dams across India.
The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi has approved that 100% of the foodgrains and 20% of the sugar shall be mandatorily packed in diversified jute bags.
