News on Indian Economy
The Prime Minister expressed pride in the fact that many of the Prime Ministers came from ordinary families. Fact of such leaders coming from extremely poor, farmer families reaching the position of the Prime Minister strengthens the faith in Indian democracy and its traditions, he said.
Union Minister for Road Transport and Highways Shri Nitin Gadkari has said that in line with Prime Minister Shri Narendra Modi’s vision of reaching the last mile, we are committed to build safer all weather roads to provide seamless connectivity in the islands.
A sensor-based irrigation system using bank filtration technology and controlled via Web/Mobile app installed at Sal River near Navelim and Nauta lake at Cortalim, Goa, has prevented wastage of water in the area and also made it easy for farmers to monitor the irrigation remotely.
To facilitate passengers with reduced mobility, Divyang passenger on wheel chair and passenger on stretchers, AAI has procured 20 ambulifts for the airports which are having scheduled flight operations of Code C & other advanced level aircraft but does not have aerobridge facilities. The Ambulift has been manufactured indigenously under the ‘Make in India’ policy.
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the signing of Bilateral Memorandum of Understanding between Securities and Exchange Board of India and Manitoba Securities Commission, Canada.
Vedanta had unveiled its plan to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore package to boost electronic chip and display ecosystem in the country.
Scientists have developed a handy diagnostic tool that detects an aquaculture pathogen known as the White Spot Syndrome Virus (WSSV). The peptide-based diagnostic tool by scientists of Agharkar Research Institute (ARI), an autonomous institute of the Department of Science and Technology (DST) has been grated patent on 31 March 2022 as an alternative biorecognition element.
Apple makes some of its most modern iPhones in the country, including the iPhone 11, iPhone 12, and now the iPhone 13, in the Foxconn factory, while the iPhone SE and the iPhone 12 are produced at the Wistron factory. The new Apple iPhone 13 series has benefited from strong consumer demand for luxury devices and increased spending.
Total bank credit stood at Rs. 118.9 lakh crore (US$ 1.56 trillion) on March 25, the last reporting Friday for FY22, according to figures issued by the Reserve Bank of India (RBI). This is an increase of Rs. 1.8 lakh crore (US$ 23.72 billion) in the last two weeks and Rs. 10.4 lakh crore (US$ 137 billion) in the last financial year, representing a 9.6% YoY increase.
An indigenous Onboard Driver Assistance and Warning System – ODAWS, Bus Signal Priority System and Common SMart iot Connectiv (CoSMiC) software have been launched under Intelligent Transportation System Endeavor for Indian Cities Phase-II initiative of Ministry of Electronics and Information Technology (MeitY).
