News on Indian Economy
India has begun an anti-dumping probe in the imports of certain flat rolled products of aluminum originating in or exported from China based on a complaint by Hindalco Industries alleging injury to the domestic industry due to the dumped goods. The Directorate General of Trade Remedies (DGTR) will probe the dumping from FY17 to December 2019.
Union Minister of State for Shipping (I/C) Shri Mansukh Mandaviya today launched ‘SAROD-Ports’ (Society for Affordable Redressal of Disputes – Ports) through virtual ceremony today in New Delhi.
Union Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan today dedicated to the nation 56 CNG stations. These CNG stations are in 13 states and one UT-Chandigarh, Bihar, Gujarat, Haryana, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, West Bengal, and Andhra Pradesh.
Rashtriya Chemicals and Fertilizers Ltd -RCF a PSU under the Ministry of Chemicals and Fertilizers has started its Methanol Plant at Trombay Unit, Mumbai from 8th September 2020. This is a step towards Atmanirbhar Bharat Abhiyan
Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman today inaugurated Doorstep Banking Services by PSBs and participated in the awards ceremony to felicitate best performing banks on EASE Banking Reforms Index.
The inaugural run of Anantapur – New Delhi Kisan Rail was flagged off today through video link by Shri Narendra Singh Tomar, Union Minister of Agriculture & Farmer Welfare, Rural Development and Panchayati Raj, and Shri Y.S. Jagan Mohan Reddy, Chief Minister of Andhra Pradesh.
Shri Nitin Gadkari, Union Minister for Road Transport & Highways and MSME has said that he aims to enhance MSME contribution to GDP from about 30% to 50%; and in exports from 49% to 60%. Speaking at a virtual meet organised to launch Aatmanirbhar Bharat ARISE Atal New India Challenges by NiTI Ayog today Shri Gadkari said that his Government is aiming to create 5 crore additional jobs in the MSME sector which presently employs about 11 crore people.
Khadi and Village Industry Commission’s (KVIC) venture into the online marketing segment has quickly established a pan-India reach enabling the artisans sell their products to the remotest parts of India through the KVIC E-Portal – www.kviconline.gov.in/khadimask/. The online sale that was launched with just Khadi Face Masks on July 7 this year has evolved into a full-fledged E-market platform with 180 products as on today and many more in the pipeline.
The company signed a JV agreement with Coal India Ltd (CIL) to set up 5000 Mw of solar and thermal projects. These projects are expected to commence between 2023 and 2027
India’s agriculture technology sector has the potential to grow manifold to $24.1 billion in the next five years, according to a new report. With a turnover of $204 million, India’s agri-tech sector is at under 1% of its market potential today.
