News on Indian Economy
As per the latest key world energy statistics published by the IEA in 2019, India is the 3rd largest producer of electricity in the world and it ranks 106th in terms of per capita consumption in 2017.
Project Arunank of the Border Roads Organisations (BRO) launched a Triple-Double Reinforced (TDR) 180-feet extra-wide bailey bridge over Gazi Nallah at 41.025 km along Nacho-Tama Chung Chung (TCC) road in Upper Subansiri district of Arunachal Pradesh. The bridge was successfully launched on Wednesday.
The government has been quick to announce major infrastructure projects for Ladakh, realizing the union territory’s potential for production of solar energy, which could be a boon for the entire country.
Harley-Davidson has announced that it will retail its Street range through the Indian Army canteen. Indian armed force personnel, ex-servicemen and their dependents in India will be able to purchase both motorcycles at special prices through the Canteen Store Departments (CSD) across the country.
Railways is giving a big thrust to infrastructure creation and capacity augmentation. Railway Projects are taken up on the basis of remunerative, last mile connectivity, missing links and alternate routes, augmentation of congested/saturated lines, socio-economic considerations etc. depending upon throw forward of ongoing projects, overall availability of funds and competing demands and sanctioning of projects is a continuous process.
Sharing details of enemy properties in written reply to a question in the Lok Sabha, MoS (home) G Kishan Reddy said the maximum of these properties were located in UP (5,936), followed by West Bengal (4301), Delhi (659) and Goa (295). The 12,426 enemy properties vested with the custodian of enemy property of India are spread over 23 states/UTs.
Rs 20,466.94 crore (US$ 2.93 billion) of loans have been sanctioned under Stand-Up India Scheme to over 91,000 accounts up to 10.03.2020 since inception of the Scheme. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.
Under Pradhan Mantri Jan-Dhan Yojana (PMJDY), all villages were mapped by banks into 1.59 lakh Sub-Service Areas (SSAs) with one SSA catering to 1,000 to 1,500 households. This was stated by Shri Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, in a written reply to a question in Rajya Sabha today.
A second person, who also requested anonymity, said the oil ministry has written to the finance ministry to release about ₹4,800-5,000 crore ($673.7 million) to buy oil in eight-nine very large crude carriers for filling the storage.
“We have been witnessing 20 per cent growth in digital payments as compared to the regular days. Since February, the number of users visiting the Paytm app and the number of sessions per user has also increased,” a Paytm spokesperson told IANS in a statement.
