India Restricts Tyre Imports – Government Order
India on Friday restricted tyre imports across categories of pneumatics and radials used in buses and motorcyles, the federal government said in a notification.
Economy
News on Indian Economy
India Sets Target of A Billion Digital Transactions Per Day
India is targeting 1 billion digital transactions per day, said Amitabh Kant, chief executive of government think-tank Niti Aayo
India’s Forex Reserves Jump $8.22 Billion, Crosses $500 Billion Mark for the First Time
According to RBI’s weekly statistical data, the overall forex reserves increased to $501.703 billion on June 5 from $493.480 billion reported for the week ended May 29.
Indian Railways Creates A New World Benchmark
Indian Railways creates a new world benchmark by commissioning first high rise Over Head Equipment (OHE), which has contact wire height of 7.57 metre and successfully run double stack containers in electrified territory on Western Railway.
State-of-the-Art Flood Warning System for Mumbai Launched
The system will help make the city become more resilient, by providing early warning for flooding especially during high rainfall events and cyclones. Using this, it will be possible to have an estimate of the flood inundation 3 days in advance, along with 3 hours – 6 hours Nowcast (immediate weather updates). It will be very useful, especially if people need to be evacuated from low-lying areas as we will be able to forecast 12 hours in advance that a particular spot may get flooded. The system will also forecast the rainfall in each pocket.
Chennai in India Soon to Become A Drone Manufacturing Hub
Capital of Indian state Tamil Nadu, Chennai will soon become a drone manufacturing hub, enabling better pandemic and disaster responses using drones.
NHAI Becomes First Construction Sector Organisation to Go ‘Fully Digital’
As one of the biggest reform, the National Highway Authority of India (NHAI) under Ministry of Road Transport and Highways has gone ‘Fully Digital’, with the launch of unique cloud based and Artificial Intelligence powered Big Data Analytics platform – Data Lake and Project Management Software.
Revival Progress of 5 Fertilizers Plants
Union Minister of State for Chemicals and Fertilizers Shri Mansukh Mandaviya held a review meeting with officers of Department of Fertilizers on the progress of revival of 5 Fertilizers plants through video conference .
811.69 LMT Food Grains Stock Available with Food Corporation of India
As per the Food Corporation of India report dated 11.06.2020, FCI currently has 270.89 LMT rice and 540.80 LMT wheat. Hence, a total of 811.69 LMT food grain stock is available (excluding the ongoing purchase of wheat and paddy, which have not yet reached the godown). About 55 LMT food grains is required for a month under NFSA and other welfare schemes.
Coastal Economic Zone Project to Make Karwar-Ankola A Hub
Karnataka is pursuing a Coastal Economic Zone (CEZ) project in an about 50-km stretch along the west coast to make the Karwar-Ankola region a hub for economic development