News on Indian Economy
Governmentof India has announced pro-poor initiatives under Pradhan Mantri Garib Kalyan Yojana, as part of economic response to Covid-19. This is aimed at alleviating the hardships faced by poor due to economic disruption by Corona virus. As per this Yojana, free LPG Refills are to be provided to Ujjwala beneficiaries over the period of 3 months, from April to June 2020.
One of India’s leading renewable energy companies, Adani Green Energy, has reported an impressive 30% increase in installed capacity between April 2019 and March 2020.
India’s mega plans to expand transmission infrastructure to support upcoming and planned renewable energy projects continues to take shape.
A group of veteran business leaders, academics and bureaucrats came together to build a model business school. Here, the classes would be taught by chief executives and not lecturers.
The manufacturer Magenta Power has said that the ChargeGrid Flare has been specially designed in partnership with HPCL to offer energy-efficient street light combined with an EV charging point.
India’s factory output rose to a seven-month high of 4.5% in February, before the government imposed a nationwide lockdown in March that has crippled normal economic activity.
Solar power in India has just had a major boost. The country’s government has announced funding that will enable 2 million farmers to invest in irrigation pumps powered by solar photovoltaic arrays.
In a bid to strengthen the industry-academia partnership and to bring qualitative improvements in Technical Education, the Administrative Council (AC) has given sanction for establishing two Centres for Invention, Innovation, Incubation, and Training (CIIIT) in Jammu and Kashmir.
Madhuban Gajar, a biofortified carrot variety with high β-carotene and iron content developed by Shri Vallabhhai Vasrambhai Marvaniya, a farmer scientist from Junagadh district, Gujarat is benefitting more than 150 local farmers in the area.
Tata Power Solar will build the 300 MW CPSU-II for NTPC at an all-inclusive price of Rs 1,730.16 crore (US$ 247.55 million).
