Malaysia Signs Record rice Deal with India
Malaysia has agreed to import a record 100,000 tonnes of rice from India for shipment this month and next, in a further sign of improving trade relations between the countries after a diplomatic spat.
Economy
News on Indian Economy
CSIR Lab to Reach Out North-East Villages Through Entrepreneurship Drive
North-East Institute of Science and Technology (NEIST) will make all possible efforts to reach out to about 500 villages of north-east India through its various entrepreneurship and skill development programmes in the aftermath of COVID-19 pandemic. This information has been given by Dr. G Narahari Sastry, Director of the institute. He was addressing the CSIR-NEIST fraternity on the occasion of the National Technology Day through e-mode.
Gigawatt Scale ‘Ultra-Mega’ Solar Parks Driving India’s Clean Energy Transition
India hosts numerous 1 GW-plus solar parks, two of which are the largest commissioned in the world. The huge sites have been instrumental in driving economies of scale and continue to attract global capital and some of the most recognized renewables developers.
74% Indian Consumers to Prefer Digital Payments in 6-9 Months: Report
Around 74 per cent of consumers in India will prefer carrying out payments through the digital medium in the next six to nine months, according to a report by Capgemini Research Institute.
Focus on Make in India in Defence: Projects Under Make II Category will go to MSMEs
To push the Make in India initiative in the defence sector and lend a helping hand to the private sector and MSMEs, the Ministry of Defence (MoD)has started identifying projects that can be handed over to them. Sources have confirmed to Financial Express Online that “The MoD has started the process of identifying protects which can be fast-tracked and produced locally in India. This will not only help save the funds but will also help our MSMEs and the private sector.”
KVIC Comes Forward to Hand-Hold Local Production- Vocal for Local
The Khadi and Village Industries Commission (KVIC) has geared up to Prime Minister Shri Narendra Modi’s call to become “vocal for local” and further making it “global”. A day after the Prime Minister’s appeal for encouraging local products, the KVIC issued a slew of guidelines to expedite the implementation of projects under the flagship program PMEGP.
FM Announces Short Term and Long-Term Measures for Supporting the Poor
Hon’ble Prime Minister announced a Special economic and comprehensive package of Rs 20 lakh Crore – equivalent to 10% of India’s GDP on 12th May 2020. He gave a clarion call for आत्मनिर्भर भारत अभियान or Self-Reliant India Movement. He also outlined five pillars of Aatmanirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand.
At $ 45 Billion, India’s PE/VC Investment in 2019 Highest in Over 10 Years: Report
India’s share in the Asia-Pacific deal market increased to nearly 25 per cent in 2019 and the investment value was about 70 per cent higher than in 2018
India Up at 74th Place On WEF’s Global Energy Transition Index
India has moved up two positions to rank 74th on a global ‘Energy Transition Index’ with improvements on all key parameters of economic growth, energy security and environmental sustainability, the World Economic Forum (WEF) said on Wednesday.
US, India and Five Other Nations Talk Post-Covid Trade
The United States reached out to India and five other countries on Monday to kickstart a discussion on how to move the global economy forward in the wake of Covid-19 and to find ways to cut dependence on China. Israel, Brazil, Australia, Japan and South Korea were part of the videoconference and certain other like-minded countries may join the discussion at a later stage, according to people aware of the matter. Many of these countries share close trade and commercial links with China.