News on Indian Economy
To address societal challenges through digital innovation, NITI Aayog today announced the establishment of a Frontier Technologies Cloud Innovation Center (CIC) with Amazon Web Services (AWS)—the first of its kind in India.
Wholesales of passenger vehicles in India rose by 26.45% to 2,72,027 units in September as compared to 2,15,124 units in the same month last year, SIAM said on Friday.
The COVID-19 pandemic has thrown up various challenges and to combat the virus Mitsubishi Electric India has come up with a measure that can come in handy during these testing times
IndianOil’s R&D Centre had developed a patented compact reforming process for H-CNG production directly from natural gas. The technology has been successfully proved for its benefits concerning emissions, mileage & durability through extensive studies at a demonstration unit installed at its Faridabad campus. Recent studies conducted by the Automotive Research Association of India (ARAI), Pune, have confirmed that 18% H-CNG as fuel ensures 70% reduction in carbon monoxide and 25% reduction in hydrocarbon emissions in heavy-duty BS-IV engines as compared to baseline CNG, besides increasing fuel economy by 4 to 5%.
Startups and industries will soon have access to equipment and S&T infrastructure in different institutions, universities, and colleges spread all over the country to carry out experiments and tests they require for their R&D, technology, and product development.
Union Minister Shri Nitin Gadkari has said that Maharashtra’s ‘Buldhana Pattern’ of water conservation’ has won national recognition and the NITI Aayog is in the process of formulating National Policy on water conversation based on it.
Isro’s high-speed satellite Internet cover for Galwan Valley panchayats soonAs India-China border situation at the Line of Actual Control (LAC) remains tense, the Bharat Broadband Nigam (BBNL) and Telecommunications Consultants India (TCIL) have prepared a blueprint to rollout high-speed satellite Internet connectivity in strategically important border terrains.
The Pension Fund Regulatory and Development Authority (PFRDA) today announced crossing Rs 5 lakh crore Assets Under Management (AUM) mark. The subscriber’s contributions under the National Pension System (NPS) and Atal Pension Yojana (APY) have jointly contributed to this landmark figure, over a period of 12 years.
Now onwards you can only buy air conditioners (AC) that are manufactured in India as the Centre has banned AC imports in its latest bid to boost domestic production of the item. The government wants to restrict import of “non-essential” goods in order to give a boost to domestic manufacturing and reduce dependence on imports.
As a further support and incentive for the farmers using the services of Kisan Rail, Ministry of Railways and Ministry of Food Processing Industries have decided that the 50% subsidy on transportation of notified fruits and vegetables (under ‘Operation Greens – TOP to Total’ scheme of MoFPI) shall be granted directly to Kisan Rail – for which MoFPI will provide necessary funds to Ministry of Railways.
