News on Indian Economy
An amount of Rs 250 crore is being spent for the development of the bridge.The Indian Railways has commenced constructing the first pillar in the sea for India’s first vertical lift railway sea bridge, Pamban rail bridge.
As tensions run high along the border with China, the government is examining a proposal to impose trade and procurement curbs on companies from countries ‘illegally occupying Indian territory’, specifically those active in territories such as Pakistan-Occupied Kashmir (PoK).
Tribes India Outlet of TRIFED under Ministry of Tribal Affairs was opened at Prayagraj Airport, today. The Tribes India outlet at Prayagraj Airport is the second one in the city of Prayagraj and the 4th in the State of Uttar Pradesh. It was inaugurated through Video Conferencing by MD, TRIFED Shri Pravir Krishna.
The winning bid, for 300 MW of generation capacity by Spanish developer Solarpack in a 2 GW auction is 3.3% lower than the previous record of ₹ 2.44.
India and Bangladesh today signed an agreement for the formation of a 50:50 Joint Venture Company (JVC) for LPG business in Bangladesh.
The gross GST revenue collected in the month of June 2020, is Rs 90,917 crore (US$ 12.90 billion) of which CGST is Rs 18,980 crore (US$ 2.69 billion), SGST is Rs 23,970 crore (US$ 3.40 billion), IGST is Rs 40,302 crore (US$ 5.72 billion) (including Rs 15,709 crore (US$ 2.23 billion) collected on import of goods) and Cess is Rs 7,665 crore (US$ 1.09 billion) (including Rs 607 crore (US$ 86.11 million) collected on import of goods).
The Digital India journey in the past 5 years has centred around empowerment, inclusion, digital transformation. It has positively impacted all aspects of the lives of Indian citizens identity management through Aadhaar, Direct Benefit Transfer, Common Services Centres, DigiLocker, mobile based UMANG services, participatory governance through MyGov, Jeevan Pramaan, to UPI, Ayushman Bharat, e-Hospital, PM-Kisan, e-NAM, Soil Health Cards, SWAYAM, SWAYAM PRABHA, National Scholarship Portal, e-Pathshala, and so on.
The strategic Chabahar Port in Iran achieved a new milestone on Tuesday by handling a record 76 TEUs of cargo, Union minister Mansukh Mandaviya said on Wednesday.
A MoU was signed today on Waste to Energy plant at Okhla, Delhi, between Indian Oil, NTPC Ltd and South Delhi Municipal Corporation (SDMC). The ceremony was witnessed by the Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan, Shri RK Singh, Minister of State (I/c) for Power and New & Renewable Energy, and Shri Anil Baijal, Lt. Governor of Delhi. Secretary, Petroleum and Natural Gas Shri Tarun Kapoor, Shri Sanjiv Singh, Chairman, IndianOil, Senior officials from the Ministry of Petroleum & Natural Gas, SDMC, NTPC Limited, and IndianOil were also present.
As already declared by the Union Ministry of Micro, Small and Medium Enterprises (MSME), vide the Notification Dated 26th June, 2020, the new process of Classification and Registration of enterprises is starting from 1st July, 2020. An enterprise for this purpose will be known as Udyam and its Registration Process will be known as ‘Udyam Registration’.
