News on Indian Economy
According to the latest available depository data, the FPIs pumped Rs 43,781 crore (US$ 6.36 billion) in the fourth quarter (October – December) of CY19 showing faith after pulling out Rs 22,463 crore (US$ 3.21 billion) from Indian equities during the third quarter (July-September) of CY19 from the equity market.
With finance ministry’s Public Private Partnership Appraisal Committee (PPPAC) giving in-principal approval to the proposal on December 19, the path has been cleared for the railways to roll out its reform in engaging private operators, ending its long monopoly in running passenger trains.
The country”s exports are expected to touch USD 330-340 billion during the ongoing fiscal on account of uncertain global situation and rising protectionism, exporters body FIEO said on Monday.
In its first recruitment notice since the nullification of Articles 370 and 35A, the J&K high court has invited applications for 33 non-gazetted posts from candidates across the country. This is the first time in the Valley that eligibility for any government job isn’t limited to “permanent residents” of Kashmir and Ladakh
Indian Railways’ cargo carrying capacity is all set to receive a major boost after it conducted a trial run of double stack cargo train on Western Dedicated Freight Corridor(WDFC) on the 306 km long Rewari -Madar Section.
According to the study conducted by industry body CII, the mining industry’s share in India’s GDP (in real terms) in 2018-19 was a low of 2.6 per cent, down from 3 per cent in 2011-12.
BEML Limited, a schedule A company under Ministry of Defence, and a leading Rail & Metro manufacturer, signed a Memorandum of Understanding (MoU) with M/s IRCON International Limited to explore and address opportunities in the overseas market by synergizing each other’s strengths for large infrastructure projects in the transportation sector.
The Gurgaon-based Centre is the first of its kind in India to fully demonstrate the integration of key technology platforms for IT-OT convergence, enabling customers to understand the benefits of the Connected Enterprise and the positive impact that it can have on their business. The Centre also illustrates how solutions and services offered are entirely scalable and can be tailored to businesses.
The train will be flagged off from Ahmedabad on January 17, 2020, and its commercial run will begin from January 19.
The Border Roads Organisation (BRO) which maintains and develops road networks across India’s borders has, in 2019, constructed and developed approximately 60,000 km of roads, including a crucial 19.72 km road near Doklam, the site of the 73-day stand-off in 2017 between the Indian and Chinese armies
