News on Indian Economy
In a remarkable development, India has completed the building of world’s first-ever electrified rail tunnel which is capable of running double-stack container trains through its passage, reports Times of India.
Union Minister of Chemicals and Fertilizers Shri DV Sadananda Gowda has said that NDA Government took various initiatives to boost fertilizer sector so that adequate amount of fertilizers could be made available to farmers during the sowing season.
Tarun Bajaj, economic affairs secretary at the Ministry of Finance, told a virtual conference that incentives would be offered to sectors to push manufacturing and help struggling industries.
Utility-scale PV accounted for about 5.9 GW of the total in fiscal 2019-20, in addition to 1.7 GW of new rooftop solar capacity.
“Those interested in travelling from Israel to India are requested to submit their details, including the undertaking and personal details proforma, to the Embassy by 15 August 2020. Any queries may be sent to cons1.telaviv@mea.gov.in,” the embassy said.
Referring to the Water Supply Project, which is being implemented at a cost of Rs 3000 Crore he said it would reduce the water problems of the state and would be especially providing a huge relief to the women of the State. Shri Modi said that apart from Greater Imphal, the project would benefit 25 small towns and 1700 villages in the state. The project has been designed keeping in mind the needs of the next two decades.
Strengthening India’s commitment to the ‘Paris Climate Agreement’, APSEZ has signed up for the Science Based Targets initiative (SBTi). Through SBTi, companies are responding by committing to set science-based emissions reduction targets – across their entire value chain – that are consistent with keeping global warming to 1.5�C above pre-industrial levels. Committed companies have 24 months to have their targets approved and published by the SBTi.
Many organisations, including Axis Bank, Policybazaar, Razorpay, Timesprime, PayUIndia, among others will be providing the option of UPI AutoPay to its customers for recurring payments of subscriptions, monthly and yearly payments.
Ministry of Railways has invited 12 Request for Qualifications for private participation in operation of passenger train services over 109 Origin Destination pair of routes through introduction of 151 modern Trains (Rakes) which shall be in addition to the existing trains operated on the network.
The country’s recruiting sentiment has improved a little after the lockdown with an increased hiring intent for the first half of this fiscal, according to a report by staffing firm TeamLease, which covered over 800 firms across 21 sectors.
