News on Indian Economy
The pre-qualification bid submitted will be opened on 14 July 2020.The Central Public Works Department has invited bids for construction of a new parliament building at Plot No 118, Parliament House Estate, New Delhi.
Business leaders expect a normal monsoon, record sowing of summer crops, improved winter harvest and a raft of government measures to help farmers and boost rural incomes to boost demand for goods ranging from two-wheelers to tractors.
Ministry of Railways has invited Request for Qualifications (RFQ) for private participation for operation of passenger train services over 109 Origin Destination(OD) pairs of routes through introduction of 151 modern Trains (Rakes).
India and Bhutan took a major step forward for the construction of the 600 MW Kholongchhu project, their first hydropower joint venture project in Bhutan’s less developed eastern region of Trashiyangtse. The project’s “Concession agreement,” which was signed in the presence via video-conference of External Affairs Minister S. Jaishankar in Delhi, and Bhutan’s Foreign Minister Tandi Dorji and Economic Affairs Minister Loknath Sharma in Thimphu, marks a shift as it is the first time an India-Bhutan hydropower project will be constructed as a 50:50 joint venture, not as a government-to-government agreement.
India is set to tighten the scrutiny of foreign direct investments (FDIs) from Singapore, amid growing apprehensions that cash-rich Chinese companies could route their investments through the island nation to bypass New Delhi’s stringent FDI policy for bordering countries.
The Cellular Operators Association of India (COAI) has signed a memorandum of understanding (MoU) with global forum, 5G Alliance for Connected Industries and Automation, or 5G-ACIA, to give shape to India’s 5G mobile communications in different industries, especially in the manufacturing and process sectors.
Oracle has launched its second data centre in Hyderabad, quickly expanding in the country after its first such centre was unveiled in Mumbai last year.
The ‘Super Anaconda’ three-in-one freight service reportedly has 177 wagons and three electric locomotives with a 6000 HP capacity each.
The Amendments in the Indian Stamp Act, 1899 brought through Finance Act 2019 and Rules made thereunder will come into effect from tomorrow, i.e. 1st July, 2020 vide notifications dated 30th March, 2020.
The country—aiming for a renewable power target of 450 GW by 2030—has emerged as the world’s largest and most competitive clean energy auction market.
