News on Indian Economy
The value of UPI transactions has breached Rs 2 lakh crore mark in December, witnessing a 100% rise on-year. It is for the first time since UPI’s inception in 2016 that the value of transactions has reached Rs 2 lakh crore.
An agreement signed between Export-Import Bank of India (Exim Bank) and Banco Exterior De Cuba in July last year came into effect from December 12, the RBI said in a statement on Thursday.
India’s factory activity expanded at its fastest pace in seven months in December as a jump in new orders prompted companies to ramp up production, a private business survey showed on Thursday.
The credit witnessed a growth by 7.91 per cent to Rs 99.34 lakh crore (US$ 1.42 trillion) and deposits increased by 10.27 per cent to Rs 131.05 lakh crore (US$ 1.88 trillion) in the previous fortnight ended December 6.
In a bid to manufacture parts of aircraft used by the Indian Air Force, state-owned Hindustan Aeronautics Limited (HAL) has partnered with Wipro 3D, the additive manufacturing (AM) business of India’s tech giant Wipro, to develop 3D-printed components indigenously.
Prime Minister said at a function in Tumakuru where he disbursed Rs 12,000 crore to six crore beneficiaries under the government scheme in one-go.
n a boost to indigenous research capabilities in the defence sector, Prime Minister Narendra Modi will dedicate Five DRDO Young Scientists Laboratories to the nation in Bengaluru on Thursday.
Sources said that some of the companies that have shown interest in investing so far include Jackson Group, Indo American Synergy, HCH Pvt Ltd and Atmiya Fieldcon Pvt among a few. A top government official said that the interested companies are seeking some concessions from the government for investing in the region.
A 700-MW pressurised heavy water reactor at Kakrapar nuclear plant in Gujarat is likely to be commissioned by April, Shri Krishna Gupta, a senior official of the department of atomic energy, said on Tuesday.
Finance Minister Nirmala Sitharaman on Tuesday said the government has identified infrastructure projects worth ₹102 lakh crore spread across 23 ministries, 18 states and union territories with another ₹3 lakh crore of projects likely to come from the states.
