News on Indian Economy
This ‘Made in India’ solution will be a plug-and-play option for many of the banks and acquirers already connected to Mosambee. It also helps enable small businesses to compete more effectively while enhancing overall customer service.
To boost the India’s toy manufacturing industry and be in line with Vocal for Local campaign, Karnataka Chief Minister B S Yediyurappa announced the proposed toy cluster in Koppala in Karnataka.
Union Minister Piyush Goyal sharing light on the India-US trade deal on Tuesday said the package is near ready and can be finalised at any time. Speaking on the crucial matter, Goyal said that the whole package is near ready and can be finalised at any time when the local political situation in the US permits them to. India believes that it has to be a win-win situation for both India and US.
With an aim to achieve 1 billion tonnes (BT) coal production by the year 2023-24 and make the nation Aatmanirbhar in Coal, National Miner Coal India Ltd (CIL) will invest over Rs. 1.22 lakh crores on about 500 projects related to coal evacuation, infrastructure, project development, exploration and clean coal technologies, said Union Minister of Coal and Mines Shri Pralhad Joshi today while addressing a Stakeholders meet organized by CIL through video conferencing.
As a first step towards Greening the Indian short term power Market, Shri R. K. Singh, the Minister of State (IC) Power and New & Renewable Energy & Minister of State (Skill Development and Entrepreneurship), launched pan-India Green Term Ahead Market (GTAM) in electricity through video conference in New Delhi, today, the 1st September 2020.
Smt Harsimrat Kaur Badal, Union Minister of Food Processing Industries has stated that new integrated cold chain projects are likely to generate direct and indirect employment for 16,200 and are likely to benefit 2,57,904 farmers.27 projects were approved in Inter-Ministerial Approval Committee (IMAC) meetings under the Scheme for Integrated Cold Chain and Value addition infrastructure of Pradhan Mantri Kisan SAMPADA Yojana (PMKSY). The meetingswere chaired bySmt. Harsimrat Kaur Badal through video conferencing.
The airline that is promoted by Big Charter has received a No Objection Certificate from the Ministry of Civil Aviation and is in the process of getting Air Operators Certificate with a fleet of aircraft comprising ATR-72-500s and the Hindustan Aeronautics Limited (HAL)-manufactured Dornier Do-228 (Upgraded) civil aircraft.
It may be noted that Indian Railways is committed to utilize solar energy for meeting its traction power requirement and become a complete ‘Green mode of transportation’. This is in line with the recent directive of Hon’ble Prime Minister to solarise railway stations and utilize vacant railway land for Renewable Energy (RE) projects.
“In the next phase of digital lending between 2020 and 2025, it will go beyond tier I and II cities. By 2025, an estimated 55 to 75 per cent of loans that get booked will be digital in nature,” Handa said in a recent Indian Chamber of Commerce organised webinar.
The gross GST revenue collected in the month of August, 2020 is Rs. 86,449 crore of which CGST is Rs. 15,906 crore, SGST is Rs. 21,064 crore, IGST is Rs. 42,264 crore (including Rs. 19,179 crore collected on import of goods) and Cess is Rs.7,215 crore (including Rs. 673 crore collected on import of goods).
