News on Indian Economy
India witnessed an increase in electricity demand by 7.5 per cent in the first 18 days of February with early onset of summer in the South and West, providing some relief to the stressed thermal power sector which can now operate at higher capacities.
According to Accenture, fintech investments in India almost doubled to $3.7 billion in 2019, up from $1.9 billion the previous year. This pegs the country as the world’s third largest fintech centre, trailing behind the US and UK. Accenture analyzed data from a CB Insights report that said that investments in payments companies more than tripled to $2.1 billion from about $660 million in 2018, while funding into insurtechs rose strongly, up 74% to $510 million.
The release said “It connects to over 500 cargo destinations across 175 countries through 60 airlines. The export cold zone is equipped with 12 truck docks with dock- levellers, spacious acceptance and examination area, automated workstations, X-Ray machines, unit load device (ULD) storage, ballmat system for ULD transfer and cold rooms. Spread over an operational area of 6,000 square metres, the facility is equipped with 10 ULD build-up workstations and as many as172 ULD storage positions”.
Moscow, Finnish-Russian digital solutions provider Zyfra said on Sunday that there are good prospects of cooperation in the field of industrial artificial intelligence (AI) that would take innovation, in some years, to the same level of cooperation seen in strategic sectors like defence and nuclear energy.
Under the Scheme an amount of Rs 6000 (US$ 85.84)/- per year is transferred in three 4-monthly instalments of Rs 2000 (US$ 28.61)/- directly into the bank accounts of the farmers, subject to certain exclusion criteria relating to higher income status. The Scheme was formally launched on 24th February 2019 by the Prime Minister Shri Narendra Modi at a grand function at Gorakhpur, Uttar Pradesh.
The PM-KISAN was formally launched on February 24 last year by Prime Minister Narendra Modi at Gorakhpur, Uttar Pradesh.
Under the scheme, the Centre transfers an amount of Rs 6,000 per year, in three equal instalments, directly into the bank accounts of the farmers, subject to certain exclusion criteria relating to higher income status.
The eastern dedicated freight corridor is approximately 1,800 km-long, running from Ludhiana in Punjab to Dankuni near Kolkata, passing through Haryana, Uttar Pradesh, Bihar and Jharkhand. The corridor is targeted to be completed by December 2021.
Foreign vendors of telecom equipment will be able to supply to Indian buyers only if their home country allows similar import of telecom equipment from Indian companies, a new government order has stipulated. These restrictions will apply for Wi-Fi, fixed line and mobile networks including next generation 5G telecom services, news reports have said.
Flagged off by Prime Minister (PM) Narendra Modi last year, the train had begun its commercial operations from 17 February and has since traversed over 3.8 lakh kilometers between the two cities.
The Biome India is expected to engage with start-ups and innovators who are passionate about the healthcare sector. This will help the external ecosystem, allowing the Novartis teams to better discover, develop and drive collaborations that will transform innovative initiatives into impactful and scalable solutions for patients.
