News on Indian Economy
As part of the economic response to COVID-19, the Government of India has launched a pro-poor scheme “Pradhan Mnatri Garib Kalyan Package” (PMGKP), Under this scheme, Ministry of Petroleum and Natural Gas is providing free of cost LPG cylinders to over 8 crore PMUY beneficiaries for 3 months w.e.f 1.4.20.
Coir Geo textiles, a permeable fabric, natural, strong, highly durable, resistant to rots, moulds and moisture, free from any microbial attack, has finally been accepted as a good material for rural road construction.
The Cabinet in its meeting held today has approved the “Pradhan Mantri Matsya Sampada Yojana – A scheme to bring about Blue Revolution through sustainable and responsible development of fisheries sector in India” with highest ever investment of Rs. 20050 crores in fisheries sector comprising of Central share of Rs. 9407 crore, State share of Rs 4880 crore and Beneficiaries contribution of Rs. 5763 crore.
According to clean energy consultancy Bridge To India, the country added 328 MW of utility scale wind capacity in the quarter ended March, which was down 65 per cent as compared to 944 MW in January-March 2019.
Textiles Committee, Mumbai too will now test and certify PPE body coveralls required for healthcare workers and other COVID-19 warriors. The inclusion of Textiles Committee as the ninth approved laboratory to test and certify body coveralls has been announced by the Ministry of Textiles yesterday evening.
According to the data from the Power System Operation Corporation (POSOCO), consumption rose by 11.6% to 3,297 million units per day between May 11 and May 17 compared to the last seven days of the previous month. Northern and southern states showed visible improvements in business activity.
The online video market in India is estimated to reach US$ 4 billion by 2025, with subscription services contributing more than US$ 1.5 billion while advertising accounting for US$ 2.5 billion.
India’s biggest refiner state-controlled IOC has boosted capacity utilisation to 74pc from 60pc last week, raising rates more quickly than had been expected after lockdown relaxations increased fuel demand.
The loco is named WAG12 with Number 60027. The train departed from DeenDayalUpadhyaya Station at 14:08 hrs in long haul formation for Dhanbad Division of East Central Railway, consisting of 118 wagons which travelled from Pt DeenDayalUpadhyayaJn to Barwadih via Dehri-on-Sone, Garhwa Road.
The government on Saturday said it is set to sail maiden containerised Exim Cargo from Haldia Dock Complex to Narayanganj, Bangladesh, via Indo-Bangla Protocol (IBP) route.
