News on Indian Economy
The product resembles silk, cotton and wool in its feel and texture. It is used in making woven fabrics, home furnishings, knitting and others. It is a popular choice for making fabrics such as georgettes, crepes and chiffons.
Many Indian businesses have shown high preparedness, made contingency plans for the future and continue to operate as normal despite the significant impact of COVID-19, says a report.
The four identified companies are — Xindia Steels, Xinxing Cathay International Group, China Electronics Technology Group Corporation (CETC), and Huawei.
Union Minister of Food Processing Industries in the Government of India and Member Smt Harsimrat Kaur Badal today inaugurated the Zoram Mega Food Park Ltd at Kolasib in Mizoram through virtual conference. The Food Park built at a cost of Rs 75 crore and spread over 55 Acres of land will directly benefit over 25,000 farmers and will provide employment opportunities to over 5,000 people in the region.
With a focus on enhancing energy efficiency and promoting e-mobility, Shri R.K Singh, the Minister for Power, New & Renewable Energy, today inaugurated India’s first publicEV(Electric Vehicle) charging plaza at Chelmsford Club in New Delhi. While speaking at the occasion Shri Singh said, “The EV ch
After achieving significant success in large-scale solar power projects and solar parks, the Indian government is now looking to expand the decentralized solar power sector as well.
India’s spices exports rose by 23 per cent to USD 359 million (around Rs 2,690 crore) in June 2020 from USD 292 million (Rs 2,190 crore) in the same month last year, Assocham said on Sunday. A dipstick study by the chamber also noticed how the rising demand for spices in the domestic market led to a sharp increase in their prices by almost 12 per cent in June whereas the headline CPI inflation was half that level.
The Indian side at the dialogue was led by Srikar Reddy, Joint Secretary, Department of Commerce while SACU was led by Amb. Steve Katjiuanjo, Executive Director, Ministry of Industrialization,Trade and SME Development of Namibia.
Indian Railways’ first high-speed rail corridor project is expected to be completed on time, despite the ongoing COVID-19 pandemic, a report quoted Railway Board Chairman VK Yadav.
The American companies, during the COVID-19 pandemic, which has battered the world economy, have shown a great confidence in India and its leadership, said Mukesh Aghi, president of the US-India Strategic and Partnership Forum (USISPF), which keeps a track of the major US FDIs in India.
