News on Indian Economy
Women now make up 41% of internet users in rural India, compared to 43% in urban regions. The number of daily active users in rural India is 89%, versus 88% for cities and towns, with close to 40% of users in both regions spending over one hour accessing the internet daily.
India is not ready to respond any time soon to the offer made by the 15-member Regional Comprehensive Economic Partnership (RCEP) to rejoin the free trade negotiations on much easier terms than before, especially as its industry and farmers are struggling to cope with the Covid-19 crisis, according to officials.
In the month of May from 1st May 2020 to 31st May 2020 Indian Railways has transported 82.27 million tonnes of essential commodities compare to 65.14 million tonnes from 1st April 2020 to 30th April 2020 which is more than 25% higher.
Adani Green Energy Limited (AGEL, NSE: ADANIGREEN) has won the first of its kind manufacturing linked solar agreement from the Solar Energy Corporation of India (SECI).
India is working on two key roads near the China border in eastern Ladakh — the site of a tense weeks-long border stand-off with its northern neighbour — to provide connectivity to an important forward area that the military calls Sub-Sector North (SSN), two senior officers familiar with the developments said on Monday.
L&T Heavy Engineering – manufactured 1250 MT-Cryostat base, the single largest section of the World’s Largest Nuclear Fusion Reactor, was successfully lifted and placed into a Reactor building in France recently, accomplishing a major milestone in the nuclear engineering world.
Bharat Heavy Electricals Limited (BHEL) has successfully commissioned one 270 MW thermal unit at the 4×270 MW Bhadradri Thermal Power Project in Telangana.
Saffron and Heeng (asafoetida) are the most valuable spices of the world and widely used in Indian cuisine since time immemorial. In India, the annual demand for Saffron spice is 100 tons per year but its average production is about 6-7 tons per year. Hence a large amount of Saffron is being imported. Similarly, there is no production of heeng in India and currently about 1200 tons of raw heeng worth Rs 600 crore is being imported from Afghanistan, Iran, and Uzbekistan.
Maruti Suzuki India (MSI), India’s largest carmaker, commissioned a 5 megawatt (MW) solar power plant at Gurugram, in the national capital region (NCR). The plant will provide to the internal energy requirements of the company’s Gurugram facility by synchronising with the captive power plant, according to MSI.
“The new Touchless ATM solution is an extension of the flagship QR Cash solution which ensures safety of the users and will provide a seamless cash withdrawal experience with enhanced security.”
