News on Indian Economy
Russia as a new source for crude oil imports by India’s largest refiner will go a long way in mitigating the risks arising out of geo-political disruptions. The new arrangement would also usher in price stability and energy security for India, which is witnessing robust growth in demand for petroleum products.
Two Vistadome Coaches are being operated by IR, one in Vishakhapatnam – Araku Sector by train no. 58501-58502 Vishakhapatnam Kirandul Passenger and other in Mumbai – Madgaon Sector by train no. 11051-11052 Dadar Madgaon Janshatabdi Express. The Occupancy of the Vistadome coach running on Vishakhapatnam – Araku Sector is 99.34% for the period from 01.04.2019 to 31.12.2019, while that of Mumbai – Madgaon Sector ranges from 62.21% to 98.19% during the same period.
The facilities provided are adequate and include wide windows, observation window at one end, roof with glass look out with controlled opalescence, rotatable seats, passenger information system, automatic sliding doors, mini pantry, wide door for divyang, etc.
Apart from standard safety arrangements, the Glass used in Vistadome coaches are shatter resistant with a film coating for safety of passengers.
Additional 10 Vistadome Coaches have been planned for production program of 2019-20.
This information was given by the Minister of Railways and Commerce & Industry, Shri Piyush Goyal in a written reply to a question in Lok Sabha today.
The JV aims to set up a factory in India to manufacture Al-Air batteries for Electric Vehicles and stationary applications and facilitate development of eco-system for Al-Air technology, Indian Oil said.
“Now Bioagri wants to expand its vision to India. It has chosen to start operations in the eastern part of India as it sees great potential in promoting natural farming, given the deep sense of sustainable traditional agriculture practices existing among the communities,” an official of Siang Tea and Industries said.
Coal stocks at power plants peaked to 34.25 million tonnes on January 26, equivalent to 19 days’ consumption, and up by 77% as against 19.36 million tonnes, equivalent to 12 days’ consumption at the same time last year.
The GST revenues during the month of January 2020 from domestic transactions has shown an impressive growth of 12 per cent over the revenue during the month of January 2019.
The Finance Minister proposed setting up of an Investment Clearance Cell that will provide “end to end” facilitation and support to create more opportunities to youth and remove roadblocks.
Following a sharp improvement in demand, January saw growth of new business, output, exports, input buying and employment. At the same time, business sentiment strengthened and there were softer rises in both input costs and output charges.
Ministry of Culture has developed three Virtual Experiential Museums: – Man Mahal at Varanasi, Ajanta Caves at National Musuem, Delhi and Humayun Tomb in Delhi (last two are under development). Ministry of Culture also proposes to set up a National Virtual Experiential Site Museum at Vadnagar, Gujarat.
With an eye on domestic and global markets, LTMMSL has set up the assembly, inert integration (without explosives) and testing facility for Missile Sub-systems and Missile Weapon Launch Systems spread across an area of 16,000 sq. meter in a Special Economic Zone at Coimbatore.
