News on Indian Economy
With focus on connectivity of North eastern region, UDAN 4.0 scheme under the Ministry of Civil Aviation (MoCA) has invited bids for 6 underserved and 24 unserved airports/airstrips in the North-East states of India. The ministry has also recognized 1 Water Aerodrome location that is up for bidding in the region.
With the goal of reducing the cost of electricity for traction, Indian Railways has commenced the flow of additional 50 MW power (total 100 MW) from Bhartiya Rail Bijli Company Limited (BRBCL) in the State of Bihar with effect from 28 November 2019, which is expected to lead to an annual saving of Rs 110 Crores per annum on a recurring basis.
The 40-tonne stainless steel calandria, with a diameter of some 7.8 metres and 32mm-thick walls, was manufactured in Mumbai and handed over recently to the Nuclear Power Corporation of India Limited (NPC).
The Ministry of Statistics and Programme Implementation (MoSPI) has begun work on a cabinet note on the policy that seeks to provide “timely and credible social and economic data,” one of the persons said.
Agarwal also underscored that the company is dedicatedly working towards turning India into a global export hub for its offerings, having already commenced export of 5G devices to markets like North America.
The HAL and French company, Safran Helicopter Engines, had entered into a joint venture – Helicopter Engine MRO Private Limited – to set up this helicopter maintenance plant at Honda village in North Goa.
Thanks to the strong maritime exports and Imports that will maintain India’s trade growth over the three-month period ending in January 2020. The DHL Global Trade Barometer, an indicator of global trade developments calculated using artificial intelligence and big data, predict mildly positive growth for Indian trade with the country’s Index rising five points to 54.
To transform the Railway stations into the hub of Digital inclusion, Indian Railways mandated RailTel, a Miniratna PSU under Ministry of Railways, to provide free high-speed WiFi at the railway stations.
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Though the south runway began with limited operations, it will gradually scale up flight operations. The runway will initially have CAT I certification, and, as operations stabilise, will progressively manage CAT III B operations, enabling landing and takeoff in extremely low visibility conditions. The new runway will be coded RWY 09R/27L, while the existing runway will be renamed RWY 09L/27R (from RWY 09/27).
