News on Indian Economy
The Government of India, the Government of Maharashtra, Mumbai Railway Vikas Corporation and the Asian Infrastructure Investment Bank (AIIB) today signed a loan agreement for a $500 million Mumbai Urban Transport Project-III to improve the network capacity, service quality and safety of the suburban railway system in Mumbai.
Focus on critical infrastructure building through an integrated approach, right from a number of strategic tunnels and bridges to 22 green expressways, is bound to place India in the league of advanced nations like the US, UK and Australia in the coming two years, union minister Nitin Gadkari has said.
National Fertilizers Limited (NFL)a PSU under the Department of Fertilizers ,Vijaipur (MP ) is going to set up an Organic Waste Converter (OWC) Plant. The biodegradable waste collected in the unit shall be transported to OWC where the same shall be segregated from non-degradable parts. It will take around 10 days to convert it into ready to use compost.
Prime Minister said India is home to several toy clusters and thousands of artisans who produce indigenous toys which not only have cultural connect but also helps in building life-skills and psychomotor skills among children at an early age. He said such clusters should be promoted through innovative and creative methods.
A 500 bed Covid Hospital with 125 ICU beds, set up by Defence Research & Development Organisation (DRDO) in Patna was inaugurated today by Shri Nityanand Rai, Hon’ble Union Minister of State for Home Affairs. The hospital located in the newly constructed ESIC Hospital at Bihta, has been built on the lines of the 1000 Bed Sardar Vallabhbhai Patel Hospital at Delhi Cantt built by DRDO.
India and Russia riding on goodwill of their partnership in building naval ships are exploring joint efforts in creating civilian shipbuilding industry here including repair facilities besides expediting maritime links through International North South Transport Corridor (INSTC) and Vladivostok-Chennai shipping links.
The Union Minister for Consumer Affairs, Food & Public Distribution Shri Ram Vilas Paswan today virtually launched the online system of Registration and Renewal of Jewellers and online system of recognition and renewal of the Assaying and Hallmarking Centres. This online system can be accessed through Bureau of Indian Standards web portal www.manakonline.in.
L&T Hydrocarbon Engineering (LTHE), a wholly-owned subsidiary of Larsen & Toubro (L&T), has signed a memorandum of understanding with NTPC Ltd., a Maharatna PSU on 19th August 2020, wherein LTHE shall be the Engineering, Procurement and Construction Management partner to build CO2 to Methanol demonstration Plant in NTPC Power Station.
Keeping in mind the Narendra Modi government’s focus on providing better connectivity to Buddhist sites, Ladakh Governor R.K. Mathur is aggressively pursuing projects to ramp up internal connectivity, which, in turn, can go a long way in building India as a cultural soft power.
The Railways is considering using India Post services for last-mile connectivity for consignment across the country, Railway Board Chairman VK Yadav said Thursday, after a pilot project was carried out by the Central Railways in Maharashtra.
