Economy

News on Indian Economy

EESL Signs Agreement with NOIDA Authority to Install EV Charging Units and Related Infrastructure

Energy Efficiency Services Limited (EESL), a joint venture of PSUs under the Ministry of Power, Government of India, has signed an agreement with the New Okhla Industrial Development Authority (NOIDA)to promote electric vehicles and install public EV charging stations & related infrastructure.The partnership will also facilitate the creation of an infrastructural ecosystem to accelerate e-mobility uptake as the nation emerges from the lockdown post COVID-19 pandemic.

Cabinet Approves Capital Infusion for the Three Public Sector General Insurance Companies

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the capital infusion for an overall value of Rs.12,450 crore; (including Rs. 2,500 crore infused in FY 2019-20) in the three Public Sector General Insurance Companies (PSGICs) namely Oriental Insurance Company Limited (OlCL), National Insurance Company Limited (NICL) and United India Insurance Company Limited (UIICL)

Tactical Air Support Selects Ramco Aviation Suite

Global aviation software specialist Ramco Systems announced that it will implement its Aviation M&E MRO Suite V5.8 at Tactical Air Support, a leading American defense contractor and aviation training and Adversary Air Support provider based in Reno, Nevada. With this landmark partnership for digital transformation, Ramco now counts 3 of the top 4 defense adversary air operators in the United States as its customers.