News on Indian Economy
The Government grants Permanent Residency (PR) Status to foreign investors making investments of a minimum of Rs. 10 crores within 18 months or Rs. 25 crores within 36 months under the Foreign Direct Investment (FDI) route, and generating employment to at least 20 resident Indians in every financial year. PR status is granted for a period of 10 years with multiple entry which can be extended for another 10 years.
India is ranked 73rd in the 2019 index, slightly improving its position from 80 in 2018 and 83 in 2017. According to the report, in India Internet shoppers as a share of Internet users was 11 per cent and Internet shoppers as a share of population 3 per cent in 2017.
The Khadi and Village Industries Commission (KVIC) Chairman, VK Saxena, had also requested Goyal last year to allow Varanasi and Rae Bareli Stations a pilot project for the use of kulhads and other earthen articles in place of plastic articles, and the project was permitted.
Government of India has launched Sustainable Alternative Towards Affordable Transportation (SATAT) initiative on 1 October 2018, to promote CBG as an alternative, green transport fuel for efficient management of biomass and organic waste.
13 pilot beaches that have been identified for the certification, in consultation with concerned coastal States and UTs, are Ghoghala Beach (Diu), Shivrajpur beach (Gujarat), Bhogave (Maharashtra), Padubidri and Kasarkod (Karnataka), Kappad beach (Kerala), Kovalam beach (Tamil Nadu), Eden beach (Puducherry), Rushikonda beach (Andhra Pradesh), Miramar beach (Goa), Golden beach (Odisha), Radhanagar beach (Andaman & Nicobar Islands) and Bangaram beach (Lakshadweep).
The Office of the Principal Scientific Advisor (PSA) to Government of India has funded a pilot project in Punjab to evaluate the feasibility of the technology. Bioendev, a Swedish company, has set up a pilot plant at the National Agri-Food Biotechnology Institute in Mohali.
The new joint venture aims to provide reliable & cutting-edge technology battery packs with higher lifecycle to automakers domestically as the EV market expands to meet evolving consumer needs and to address issues related to energy and climate change, the company said in a release.
The Minister shared the quantity of organic product produced during 2018-19 under Participatory Guarantee System (PGS), India, and National Program on Organic Production (NPOP) of Agriculture Processed Food and Export Development Authority (APEDA). The total value of organic products exported from India in 2018-19 is Rs 5,150.99 crore (for 6,14,089.614 MT).
The businessman-turnedpolitician, who makes confectioneries for several top global chocolate brands, has recently tied up with companies in Serbia for technical support to make two-seater and four-seater aircraft along with air ambulances. Patel was elected as BJP MLA from Wadhwan constituency in 2017 election.
The government is looking to reduce imports of more than 350 “non-essential” items such as toys, textiles, footwear and electronic goods to give the Make in India initiative a push, a report in The Times of India has said.
