News on Indian Economy
In 2019, around 26 lakh employment opportunities were created by start-ups backed by private equity and venture capital investors, showing an increase of 27 per cent from the preceding year, according to a report.
The APIs, also known as bulk drugs, are the key raw material used for manufacturing medicines. For instance, paracetamol is the API for Crocin.
Indian Coal Ministry has announced that the government will stop the import of thermal coal from the 2023-2024 financial year (FY).
In her presentation at the forum, which attracted scores of top players from private and public sectors of India and Nigeria, Akai said Indian-owned/operated companies are estimated to be the second largest employers of labour in Nigeria after the federal government.
The Department of Animal Husbandry & Dairying is working towards increasing milk productivity through genetic improvement and reduction of input cost, the Ministry explained, adding that a special programme has been launched recently for improvement of milk quality by providing the required testing facilities at village and dairy plant levels for safe human consumption.
It also states that poverty, as per the Tendulkar Poverty line, reduced from 14.9 per cent in 2011 to 7.0 per cent in 2017 — the fastest pace the country has seen yet. The findings, which are part of the joint paper titled Poverty, Inequality and Inclusive Growth in India: 2011/12-2017/18 by Surjit S Bhalla, Arvind Virmani and Karan Bhasin, were presented to the National Council for Applied Economic Research (NCAER).
According to statement from Assam government the company has already invested Rs 700 crore in this manufacturing facility in the state and another Rs 200 crore is going to be invested.
India will join the select league of nations using petrol and diesel containing just 10 parts per million of sulphur as it looks to cut vehicular emissions that are said to be one of the reasons for the choking pollution in major cities.
The World Bank-supported Atal Bhujal Yojana (ABHY) – National Groundwater Management Improvement Programme will be implemented in the states of Gujarat, Maharashtra, Haryana, Karnataka, Rajasthan, Madhya Pradesh, and Uttar Pradesh and cover 78 districts.
While there would be 2.1 billion networked devices by 2023; M2M (machine to machine) modules would account for 25% (524.3 million) of all networked devices, according to the Cisco report.
