News on Indian Economy
This initiative for petroleum pump licensing is directly going to benefit more than 70,000 petroleum pump owners and oil marketing companies under the Petroleum Rules, 2002. An added advantage of this move is that the authenticity of the license may be verified on PESO’s website https://peso.gov.in/index.aspx. This automation will greatly benefit the petroleum and gas industry.
The State Departments and Organizations and Public Sector Enterprises (PSEs) have been using GeM for their buying needs. Sellers from the States are also benefitting through the access to national Public Procurement market using the portal.
The elite group, worth about $500 billion, includes regulars like Bridgewater Associates founder Ray Dalio, Blackstone Group Chairman Steve Schwarzman and JPMorgan Chase & Co Chief Executive Officer Jamie Dimon. They appear on a guest list of more than 2,000 names, representing roughly 100 countries, for the World Economic Forum’s annual meeting in Davos.
MDL will procure products and equipment worth Rs 10000 crore from MSMEs in next 8 to 10 years.
The NCMC was launched with the tagline of “One Nation One Card” and was intended to be usable at all transit locations. Right now, the smart card lets commuters skip the lines to buy metro tickets. The AFC system — expected to be introduced in April — gives public transportation users the convenience of using just one card to pay for the bus, metro and other transport modes.
This platform is built for those projects which have received occupancy certificates (OCs) and are expected to create a smooth, safe and transparent home-buying experience for home buyers. This is expected to create a positive sentiment for the real estate industry, enhancing the confidence and faith amongst home buyers, increasing liquidity flow in the industry and thus, contributing to growth of the economy.
National Highways Authority of India (NHAI) recorded highest Rs 86.2 crore (US$ 12.33 million) daily toll collection on January 12th, 2020, according to its Chairman Mr Sukhbir Singh Sandhu.
The Government of India, the Government of Assam and the World Bank signed a loan agreement of $88 million here today to help modernize Assam’s passenger ferry sector that runs on its rivers including the mighty Brahmaputra.
These 94 blocks cover an exploratory area of about 1,36,800 square kilometers over 16 Indian Sedimentary Basins, the Directorate General of Hydrocarbons (DGH) said in a statement.
A Memorandum of Understanding was signed between South Central Zone of Indian Railways and State Bank of India for Doorstep Banking for direct pickup of earnings covering all 585 Railway stations over SCR Zone.
