FMCG Finds Relief in Bharat with Rural Outpacing Urban India in Revival
After a year of lull in FMCG sales in Bharat, rural India has finally begun to outpace urban India in terms of consumption.
Economy
News on Indian Economy
₹ 87,422 Crore Gross GST Revenue Collected in July
The gross GST revenue collected in the month of July, 2020 is ₹ 87,422 crore of which CGST is ₹ 16,147crore, SGST is ₹ 21,418 crore, IGST is ₹ 42,592 crore (including ₹ 20,324 crore collected on import of goods) and Cess is ₹7,265 crore (including ₹ 807crore collected on import of goods).
Big Boost to Khadi; Indian Red Cross Society to Buy 1.80 Lakh Face Masks from KVIC
As the popularity of the Khadi Face Masks grows across the country due to its fine quality and affordable price, the Khadi and Village Industries Commission (KVIC) has received a prestigious purchase order from Indian Red Cross Society (IRCS) to supply 1.80 lakh face masks.
FACT Starts Movement of Fertilizers Through Coastal Shipping
The Fertilizers & Chemicals Travancore Limited (FACT), a PSU under the Ministry of Chemicals & Fertilizers has started using Coastal Shipping as a new mode of transport for the movement of fertilizers to East and the West Coast of the country.
Union Power Minister Dedicates 3 Wind Projects with 800 MW Capacity to the Nation
Shri Raj Kumar Singh, Honourable Minister of State (Independent Charge) for Power and New & Renewable Energy (MNRE), Government of India, today in a virtual ceremony, dedicated Sembcorp’s state of the art SECI 1, 2 and 3 projects to the nation. Shri Bhanu Pratap Yadav, Joint Secretary, MNRE, along with several other dignitaries joined Wong Kim Yin, Group President and CEO, Sembcorp Industries from Singapore and Vipul Tuli, Managing Director, Sembcorp Energy India Limited virtually, to commemorate this milestone.
Food Corporation of India Set New Records in Procurement of Food Grains
After successful implementation of Prime Minister Garib Kalyan Ann Yojana (PMGKAY) from April to June 2020, the Government of India extended this scheme for another 5 months from July to November 2020. About 81 crore beneficiaries covered under National Food Security Act (NFSA) and Antyodaya Ann Yojana (AAY) are being provided 5 Kgs of Rice/wheat free of cost under this scheme.
Women Ranging from college Going Students to Housewives Prepare for Entrepreneurship Journey
WEE Foundation is India’s First of its kind social, national initiative by IIT Delhi and supported by DST to strengthen women entrepreneurship in the country and promote an ecosystem that enables creation and sustenance of such enterprises by women.
Increase in AI by Indian Firms can Result in 2.5 Per cent Increase in India’s GDP: Report
India’s Gross Domestic Product (GDP) in the immediate term can witness an increase of 2.5 per cent with a substantial rise in Artificial Intelligence (AI) by Indian firms, a study has found.
IRCTC of Indian Railways and SBI Card Launch Co-Branded Contactless Credit Card on RuPay Platform
In yet another initiative towards pursuance of the vision of Hon’ble Prime Minister of ‘Aatma Nirbhar Bharat’, ‘Digital India’ and ‘Make In India’ and towards fulfillment of the mission of Hon’ble Minister of Railways and Commerce & Industry, Shri Piyush Goyal in achieving greater self reliance for ‘Aatma Nirbhar Bharat’ and engaging with the world from a position of strength, IRCTC and SBI Card together launched their new Co-branded Contactless Credit Card on RuPay Platform. The new credit card was dedicated to the service of the nation today by Shri Piyush Goyal, Hon’ble Minister of Railways and Commerce & Industry.
Preparation of DPR Begins for 865-Km Long Delhi-Varanasi High-Speed Rail Corridor
In 2019, the country’s first semi-high-speed Vande Bharat Express train was flagged off between New Delhi and Varanasi.Work has commenced on detailed project report (DPR) for the proposed Delhi-Varanasi high-speed rail (HSR) corridor following instructions of the Central government.