New Energy Mobility Paradigm for India
Over the last decade, the world has seen many governments across the world coming up with a variety of initiatives to promote new energy mobility, especially battery electric-mobility.
Economy
News on Indian Economy
Indian Railways Gears Up For Resuming Services From 15 April
The Indian Railways, which had announced closure of all passenger, mail and express train services from 24 March to 14 April in a bid to stop the chain of transmission of novel coronavirus (Covid-19), has started preparation to resume all its services from 15 April, sources said on Saturday (4 April).
USDA Attache Sees India 2020-21 Wheat Crop at 105 Million Tonnes
India is heading for a fourth consecutive record wheat harvest, with marketing year (MY) 2020/21 (April/March) production forecast at 105 million metric tons (MMT). MY 2020/21 rice production is forecast at a near record 117 MMT with average yields.
Cyient to Partner with Hitachi Rail to Accelerate Signaling Technology Deployment
As part of the agreement, Cyient will develop and operate a central delivery centre for Hitachi Rail in India and a regional centre in the United States.
Union Agriculture Minister Launches New Features of e-NAM Platform
The Union Minister of Agriculture & Farmers’ Welfare, Rural Development and Panchayati Raj, Shri Narendra Singh Tomar here today launched new features of National Agriculture Market (e-NAM) Platform to strengthen agriculture marketing by farmers which will reduce their need to physically come to wholesale mandis for selling their harvested produce
VOCPT Container Volumes Rise 8.2 Per cent in FY20 to 804,584 TEUs
Dakshin Bharat Gateway Terminal Pvt Ltd (DBGT) posted a 40 per cent growth in volumes in FY20, helping the Central government-owned VO Chidambaranar Port Trust (VOCPT), located in Tamil Nadu’s Thoothukudi district, handle 804,584 twenty-foot equivalent units (TEUs) during the fiscal year that ended March 31.
Domestic Air Passenger Traffic in India Grew by 8.4 Per cent in Feb: IATA
Indian domestic passenger traffic witnessed an increase of 8.4 per cent in February as compared to the corresponding month in 2019, according to global airlines body IATA. This indicated that the impact of novel coronavirus was minimal on the country’s aviation sector.
More than 280 Units in SEZs, Manufacturing Items like Pharma, Hospital Devices Operational
More than 280 units, engaged in manufacturing of essential items like pharmaceuticals and hospital devices, are operational. Besides, more than 1900 IT/ITES Units have been facilitated to enable their employees to work from home.
ONGC Starts Up First Deepwater Gas Well at 98/2 Project Offshore India
ONGC has produced first gas ahead of schedule from its block 98/2 subsea development in the Krishna Godavari basin, offshore eastern India.
Oil India to Invest 8.5 bln Rupees to Drill 21 Wells in Assam Block
Hydrocarbon producer Oil India Ltd plans to spend around 8.5 bln rupees on drilling 21 development wells, constructing a production facility, and laying a pipeline in its Dibrugarh Bhogpara block in Assam, a senior official of the state-owned company told Cogencis.