Economy

“The website will help in disseminating and promoting the knowledge and research work in the coal sector”, said Shri Anil Jain, Secretary, Ministry of Coal. Launching the website to promote R&D activities in coal sector today, Shri Jain complemented the efforts of CMPDI in developing the website and suggested to put the web links of the efforts made by various esteemed organizations for R&D in coal sector on the website.

Freight figures continue to impress and move on much higher trajectory compared to last year in terms of earnings and loading in the first week of October for Railway.

Oil India Ltd, the nation’s second-biggest state-owned oil producer, on Thursday said it has started exploring for oil and gas in the Andaman sea. OIL said it has begun acquiring seismic data on the shallow water blocks AN-OSHP-2018/1 and AN-OSHP-2018/2, which the company had won in the third round of open acreage licensing policy.

Energy efficiency in Indian households has touched 88 per cent with LED bulbs lighting up homes due to affordable government schemes, while more than 75 per cent of air-conditioner users and 60 per cent of refrigerator customers are using star-labelled products, a study said on Wednesday.

Smt. Smriti Zubin Irani, Union Minister of Textiles and Women & Child Development launched the 1st ever Brand & Logo for Indian Cotton on 2nd World Cotton Day on 7th October, 2020 through Video Conferencing. Now India’s premium Cotton would be known as ‘Kasturi Cotton’ in the world cotton Trade. The Kasturi Cotton brand will represent Whiteness, Brightness, Softness, Purity, Luster, Uniqueness and Indianness.

Thanks to the pandemic, with 41 million transactions a day, the country has been the world leader in real-time financial transactions, more than double that of the previous year, according to an international survey.

In a boost to Make in India, Samsung India, the country’s largest consumer electronics and smartphone maker, will start local manufacturing of TV sets by December 2020. According to a report in the Economic Times, the consumer electronics maker has written to the government seeking permission to import TV sets till December 2020 to ensure that ‘business continuity’ is not drastically impacted in the festive season.