News on Indian Economy
The cumulative growth for the period April- February, 2019-20 over the corresponding period of previous year has been (+) 1.9 percent. Mining & Mineral Statistics Division of Indian Bureau of Mines functions as the nodal agency for statistics on mineral sector and releases this information.
Amid National level covid -19 lockdown, Department of Fertilizers, Ministry of Chemicals and Fertilizers has had a record sale of Fertilizers to farmer community.
Challenging times call for innovative solutions. Striving to overcome the restrictions on travel and the need for maintaining social distancing, the Indo-Israel Agricultural Project (IIAP), a strategic cooperation on the G2G level in the field of agriculture, has introduced crop diversity, increasing productivity and optimising water use efficiency in horticulture to address the challenges during the Covid-19 pandemic.
Indian Railways is all set to get a new 9000HP WAG-9HH electric locomotive which was manufactured in Chittaranjan Locomotive Works(CLW).
Direct money transfers via Aadhaar and the interoperable software layers called India Stack to India’s financially vulnerable population have “saved” the country from long queues and panic during the ongoing COVID19 pandemic and “justified a 10x return on investment on the India Stack”, Arvind Gupta, former CEO of MyGov and founder, Digital India Foundation, told IANS in a video interview.
India’s life insurance companies witnessed 11.36 per cent growth in their collective premium income at Rs 48.26 lakh crore (US$ 684.64 billion) during the fiscal ended March 2020, as per the data from IRDAI. While in FY19, the 24 life insurance companies’ collective premium income stood at Rs 43.33 lakh crore (US$ 614.70 billion).
NTPC Vindhyachal has become the largest power plant of the country to achieve a plant load factor (PLF) of 100 per cent. This means that the power plant was run at its full capacity of 3760 MW for a certain period.
The move to procure Hydrogen Fuel Cell based vehicles is first of its kind project in the country, wherein a complete solution from green energy to the fuel cell vehicle would be developed.
Indian Railway’s Production unit Rail Coach Factory(RCF) Kapurthala has reopened its production process on 23.04.2020 after 28 days nationwide lockdown. In a relentless battle against COVID 19, factory has been opened adhering all safety precautions and issued guidelines by Ministry of Home Affairs orders and local administration.
India’s chemical exports rose by 7 percent to Rs 2.68 lakh crore during April-January period of the last fiscal, and became the top exporting sector in the country for the first time, the government said on Saturday.
