News on Indian Economy
Indian Railway’s Production unit Rail Coach Factory(RCF) Kapurthala has reopened its production process on 23.04.2020 after 28 days nationwide lockdown. In a relentless battle against COVID 19, factory has been opened adhering all safety precautions and issued guidelines by Ministry of Home Affairs orders and local administration.
India’s chemical exports rose by 7 percent to Rs 2.68 lakh crore during April-January period of the last fiscal, and became the top exporting sector in the country for the first time, the government said on Saturday.
Area sown to rice increased by 37.70 percent to 34.73 lakh hectare so far in the kharif (summer) season of the 2020-21 crop year, according to Agriculture Ministry data released on Friday.
It will help in stepping down the high voltage 1,320 MW power from Khargone power plant
Now Indian Institute of Chemical Technology (IICT), Hyderabad, is collaborating with another Hyderabad-based integrated pharmaceutical company, LAXAI Life Sciences, to develop and manufacture APIs and drug intermediates. The initiative may help in reducing the dependency of the Indian pharmaceutical sector on Chinese imports of these ingredients.
Infrastructure major Larsen & Toubro (L&T) on Friday said its construction arm in consortium with Japan”s Kyosan Electric Manufacturing company has bagged a ”significant” order from the Dedicated Freight Corridor Corporation of India (DFCCIL).
WhatsApp’s payment business will comply with all local rules mandated by the banking regulator for payment companies by May, the Facebook-owned instant messaging platform has told the National Payments Corporation of India (NPCI), ET has learnt from people familiar with the development.
State Bank of India’s (SBI) mCASH is a simple and quick way to claim funds sent by SBI customers through OnlineSBI or SBI Yono. This facility allows SBI customers having Internet Banking facility to transfer funds to a third party without beneficiary registration, either through mobile number or email-ID of the beneficiary
The Department of Agriculture, Cooperation and Farmers’ Welfare, Government of India is taking several measures to facilitate the farmers and farming activities at field level during the lockdown period. The updated status of activities is given below:
Coal India Limited (CIL) will produce 710 million tonnes (MT) of coal and company’s coal offtake target will also remain at 710 MT for this fiscal. Union Minister of Coal and Mines Shri Pralhad Joshi set these targets for the state-run company while reviewing its performance through video conference on 22nd April 2020.
