News on Indian Economy
The addressee will have to give a locker number as the address, upon which India Post will drop the parcel into the locker. It will remain accessible for seven days — any time of the day — through an OTP. “There will be no human involvement. The receiver can just walk into the post office, any time of the day or night, and open the locker with the help of the OTP.”
India’s Garden Reach Shipbuilders & Engineers (GRSE) has inked a MoU With Portugal’s BERD for building next generation modular Bridges solutions in India. GRSE, one of the largest DPSUs of India which makes complex naval vessels for the Indian Navy has tied up with world’s leading engineering entity, BERD for the Methods and Solutions for Bridge Construction.
India’s trade with China decreased from $89.71 billion in 2017-18 to $87.07 billion in 2018-19. Imports from China declined from $76.38 billion in 2017-18 to $70.32 billion in 2018-19 and exports grew from $13.33 billion to $16.75 billion during this same period, according to the Directorate General of Commercial Intelligence and Statistics (DGCIS).
The renovation of all the units of Indian Oil Corporation’s Mathura refinery completed in order to produce BS-VI grade fuels. This is in advance of the deadline for roll out of newer emission norms from April 2020, a company official said.
Ease of Living Index is aimed at providing a holistic view of Indian cities – beginning from the services provided by local bodies, the effectiveness of the administration, the outcomes generated through these services in terms of the liveability within cities and, finally, the citizen perception of these outcomes.
Kota said that of the 400 projects, 398 were successful, which is a very good outcome. He lauded the collaboration with the academia and said that the LCA, unlike the other aircraft did not meet with a single accident.
India, Nepal, and Bangladesh on Saturday decided to go ahead to implement a four-nation agreement inked almost five years ago to facilitate hassle-free movement of vehicles within the three nations, in spite of dilly-dallying by the pact’s fourth signatory – Bhutan.
Proposed production capacity for the ethanol plant is 100,000 litres per day; the project is of considerable national significance, since the Indian Government is encouraging the production of cellulosic ethanol from agricultural resources to provide additional sources of income for farmers.
The pacts were inked at the on-going defence expo, two days after Prime Minister Narendra Modi set a target of $5 billion in defence exports in the next five years and make India self-reliant in military manufacturing.
As per licencing terms, the company can offer WhatsApp Pay to ten million users in India in this phase and do a full rollout after meeting all other compliance points
