News on Indian Economy
In a first in the country, tunnels have been bored under the Hooghly river to connect the twin cities of Kolkata and Howrah through the underwater metro rail system. The estimated cost of the entire East-West Metro corridor is Rs 8,574.98 crore. The remaining portion of the underground metro corridor is expected to be completed by 2021.
Gujarat has emerged as an important destination for an automotive manufacturing unit. Thus, the company intends to use the new factory at Gujarat to serve both the domestic and export demand. Currently, big car factories of Tata, Ford, Maruti Suzuki, Honda and two-wheeler units of Honda and Hero, among others are present in Gujarat.
According to the data by the RBI, the investments made by Indian firms in foreign countries in January 2020 increased by nearly 40 per cent to US$ 2.10 billion on a yearly basis.
The number of apprentices trained under Apprenticeship training program implemented by MSDE under the “Apprentices Act 1961” (amended up to 2014) during last three calendar years is 4.9 Lakh
In order to promote green, safe and sustainable mining practices using technology as a tool, Ministry of Coal (MoC) has launched a web portal for star rating of coal mines. Union Minister for Coal & Mines Shri Pralhad Joshi launched this portal in New Delhi today
Once the construction of the railway line, between Agartala in Tripura and Akhaura in Bangladesh, is completed, the first train would run from the Northeast region to Bangladesh on the eve of India’s 75th year of Independence in the year 2022.
The dozen state-owned major ports in the country have switched to renewable energy to meet their entire power requirements, making India the first nation to have all government-owned ports running on solar and wind energy.
“As per the data furnished by 79 companies operating in Defence and Aerospace sector, so far, FDI inflows of over Rs 1,834 crore have been reported after 2014 under both government and automatic route,” it said.
The addressee will have to give a locker number as the address, upon which India Post will drop the parcel into the locker. It will remain accessible for seven days — any time of the day — through an OTP. “There will be no human involvement. The receiver can just walk into the post office, any time of the day or night, and open the locker with the help of the OTP.”
India’s Garden Reach Shipbuilders & Engineers (GRSE) has inked a MoU With Portugal’s BERD for building next generation modular Bridges solutions in India. GRSE, one of the largest DPSUs of India which makes complex naval vessels for the Indian Navy has tied up with world’s leading engineering entity, BERD for the Methods and Solutions for Bridge Construction.
