News on Indian Economy
Leading HR consultancy Aon’s annual salary hike survey released on Tuesday also showed that around 39 percent of the companies surveyed are expected to give as much as 10 percent increase in pay.
The India Development Centre (IDC) NCR will follow Microsoft’s strategy of globally shared research and development to build products and services for driving digital innovation. The centre will also create opportunities for engineers to do work that will have an impact across the world.
“We are mapping the locations where EVs are launched and we will be setting up charging stations in those cities. Our aim is to take this number to around 700 by next year,” company’s CEO and Managing Director Mr Praveer Sinha said.
The President of India, Mr Ram Nath Kovind, laid the foundation stone/inaugurated various developmental projects of Dadra & Nagar Haveli and Daman & Diu at function organised in Daman today (February 17, 2020).
Shri Tomar informed that under this scheme Soil Health Cards are provided to all farmers at an interval of 2 years. These cards contain status of soil health and also soil test based nutrients recommendations for important crops. He appealed to the farmers to adopt the recommendations of Soil Health Cards for efficient use of fertilizers and improving farm income.
The Special Economic Zones (SEZs) continue to take the lead in expanding the exports for the country. Even in the midst of volatile global economy, SEZs in India have shown resilience and have achieved US$ 100 billion worth of exports in FY 2019-20, as on 17thFebruary 2020.
Under the Public Procurement (Preference to Make in India) Order, it was envisaged that all central government departments, their attached or subordinate offices and autonomous bodies controlled by the Government of India should ensure that purchase preference be given to domestic suppliers in government procurement.
The move is part of India’s strategy to develop the Union territory of Ladakh. The ₹11,000-crore marque project seeks to resolve grid connectivity problems faced by the region. This is also expected to attract investments for setting up green energy projects in the cold desert region.
In what appears to be a good news for the Electric Vehicle (EV) sector, reserves of lithium have been discovered in Mandya, 100 km from Bengaluru in Karnataka. This find could boost the local manufacturing of EV batteries.
A US-based think tank World Population Review in its report said that India is developing into an open-market economy from its previous autarkic policies.
