Economy

News on Indian Economy

BEL Inaugurates Upgraded ATDS Maareech Manufacturing Facility

Recently, the Raksha Mantri, Rajnath Singh inaugurated the upgraded, state-of-the-art Maareech Integration Facility through Video Conference. Gowtama M V, Chairman & Managing Director, Bharat Electronics (BEL), on the occasion gave a presentation to the Raksha Mantri on Advanced Torpedo Decoy System (ATDS) Maareech. This initiative by BEL is in accordance with the Prime Minister, Narendra Modi’s vision of an ‘Atmanirbhar Bharat’, a self-reliant nation.

Joka-Esplanade to be India’s First Metro to Run on Indigenous Rails

Joka-Esplanade Metro will be India’s first Metro to run on indigenously manufactured rail. The first lot of the rails reached Joka depot on Monday. Hitherto, all the Metros in India have been running on imported rails as Indian steel companies did not produce these head hardened (HH) rails, which are used for high speed trains (>250 kmph), heavy traffic of varying axle loads for freights and Metro rail.

MoRTH Allows Sale and Registration of Electric Vehicles Without Batteries

The Ministry of Road Transport and Highways (MoRTH) has allowed registration of electric vehicles without pre-fitted batteries. In a letter to Transport Secretaries of all the States and UTs, the ministry has clarified that vehicles without batteries can be sold and registered based on the type approval certificate issued by the Test Agency.

FM Launches an Online Dashboard for the National Infrastructure Pipeline -Indiainvestmentgrid.gov.in

The online dashboard is envisaged as a one stop solution for all stakeholders looking for information on infrastructure projects in New India. The dashboard is being hosted on the India Investment Grid (IIG) (www.indiainvestmentgrid.gov.in). IIG is an interactive and dynamic online platform that showcases updated & real-time investment opportunities in the country.

PM Modi Launches platform for “Transparent Taxation – Honouring the Honest”

The Prime Minister said the new facilities launched today are a part of the Government’s resolve to provide maximum governance with minimum government. He said that every rule, law and policy are made with an emphasis of them being people centric, public friendly rather than power centric. He said that the use of the new governance model is yielding good results.