News on Indian Economy
KAVACH is meant to provide protection by preventing trains to pass the signal at Danger (Red) and avoid collision. It activates the train braking system automatically if the driver fails to control the train as per the speed restrictions. In addition, it prevents collision between two Locomotives equipped with functional KAVACH system.
Alektrify Private Limited has developed the new EV charging station under the Ease of Doing Business program. The station opened on Thursday has 75 AC, 25 DC and 21 Hybrid charging points with a capacity of charging 1,000 cars in a single day.
According to Mercom India Research, India installed a record 10 gigawatts (GW) of solar capacity in calendar year 2021, a 212% increase year over year. According to the report titled ‘Annual 2021 India Solar Market Update,’ the country installed 3.2 GW of solar power in 2020 and the cumulative solar installed capacity in India was at 49 GW by the end of December 2021.
The proposed airport is designed for operations of A-320 category of air craft and future extension of Runway by 500m length to cater A-321 type of aircraft .With an area of 4100 sqm, the terminal building of the airport will be able to handle 200 passengers during peak hours. Equipped with eight check-in counters, the terminal building will have all modern passenger facilities.
Information technology businesses maintained their sales growth momentum in the third quarter of 2021-22, with a year-over-year gain of 20.7%. Furthermore, in the October-December period of 2021-22, sales of non-IT services companies increased by 22% year over year.
India’s electronic goods sector’s main exports include mobile phones, IT hardware (laptops, tablets), consumer electronics (TV and audio), industrial electronics, and car electronics and has increased over 88% to US$ 12,400 million in 2021. India’s merchandise exports climbed by 23.69% to US$ 34.06 billion in January 2022. India’s merchandise exports increased by 46.53% to US$ 335.44 billion in 2021-22 (April-January).
India’s merchandise export in February 2022 was USD 33.81 billion, an increase of 22.36% over USD 27.63 billion in February 2021 and an increase of 21.88% over USD 27.74 billion in February 2020.
Under the Jal Jeevan Mission, the Union government has delivered tap water to around 5.77 crore rural homes in the last two and a half years making the total to 9 crore rural families in the country, according to the Jal Shakti Ministry.
According to figures from the Ministry of Commerce and Industry, the country’s merchandise exports increased by 26.4% to US$ 25.33 billion in February, owing to strong performance in industries such as gems and jewellery, engineering, textiles, and chemicals.
According to data analysed by Sortlist, India has risen to third place in the world for creative sector jobs, with the country best renowned for its involvement in the media and entertainment industries. There are over 700 Indian creative agencies, with over 0.2 for every 100,000 population. Website design is the most commonly promoted service.
