News on Indian Economy
With an aim to boost economic activities in the country during unlock 3.0, the Indian Railways is offering a slew of incentives, including 50 per cent concession in terminal access charges for covered wagons, to boost freight traffic.
According to a statement issued by NTPC Ltd., NTPC Group has achieved over 100 Billion Units (BUs) of cumulative generation in the current financial year, reinforcing group’s commitment towards excellence in operation across its plants.
Prime Minister Shri Narendra Modi will inaugurate and dedicate to the Nation through video conferencing the submarine Optical Fibre Cable (OFC) connecting Chennai and Port Blair on 10th August, 2020. The submarine cable will also connect Port Blair to Swaraj Dweep (Havelock), Little Andaman, Car Nicobar, Kamorta, Great Nicobar, Long Island, and Rangat.
According to the Railway Ministry, the OHE Inspection app will capture in real-time OHE (Overhead Equipment) defects and send out quick alerts. It has been launched across the country and has features such as GPS tracking of patrolman, real-time capturing of OHE defects and clicking photographs.
The Garib Kalyan Rojgar Abhiyaan (GKRA), launched to boost employment and livelihood opportunities for migrant workers returning to villages and similarly affected citizens in rural areas, in the wake of COVID-19 outbreak, is now empowering villagers with livelihood opportunities in 116 districts of six states. The Garib Kalyan Rojgar Abhiyaan is taking action on mission mode to provide employment to migrant workers who have returned to their native villages of these 6 states namely Bihar, Jharkhand, Madhya Pradesh, Odisha, Rajasthan and Uttar Pradesh.
The Fertilizers and Chemicals Travancore Limited (FACT) a PSU under the Ministry of Chemicals and Fertilizers is on a Turnaround path, breaking records in Production and Sales during the year.
The Bangalore Metro Rail Corporation (BMRCL) has set a tunnel boring machine and announced commencement of tunneling work for the city’s longest underground Metro corridor between Cantonment station and Shivajinagar station in the state of Karnataka.
Kodak TV India plans to invest over Rs 500 crore (US$ 70.93 million) in the next three years to set up a fully automated television manufacturing plant in Hapur, Uttar Pradesh.
Union Minister of State for Culture and Tourism (Independent charge) Shri Prahlad Singh Patel virtually inaugurated the “Thenzawl Golf Resort” Project implemented under the Swadesh Darshan Scheme of Ministry of Tourism, Government of India in the presence of Tourism Minister of Mizoram Mr Robert Romawia Royte and Commissioner and Secretary for Tourism Department of Government of Mizoram Ms Esther Lal Ruatkimi in New Delhi today.
Union Minister of Agriculture & Farmers’ Welfare Shri Narendra Singh Tomar today launched the Sahakar Cooptube NCDC Channel, a new initiative by National Cooperative Development Corporation (NCDC). Speaking on the occasion, Shri Narendra Singh Tomar said that the Ministry of Agriculture and Farmers’ Welfare is in the forefront of operationalizing different aspects of Atma Nirbhar Bharat call given by Prime Minister Shri Narendra Modi.
