News on Indian Economy
India recorded 15 billion merchant payments against total online money transactions of 26 billion in 2019, of which 9 billion were mobile payments, according to a Paytm’s report. “Over the past few years, India has taken a leap to become a leading nation to drive payment adoption and technology to masses,” country’s e-commerce payment system said.
Mr Maier added, “India is one of the most promising markets in the world, but it is also one of the most competitive. We want to be hyperlocal here this time and get the right products at the right prices to win our share here”. The company launched two new SUVs in India.
The Kisan Rail will comprise refrigerated coaches in Express and Freight trains. The budget also proposed the launch of Krishi Udan by Civil Aviation Ministry on international and national routes to transport perishable goods to less accessible areas such as the north-east and tribal districts.
Today India is the world’s largest milk producing nation with production of 175 million litres of milk per year and it takes up 21 percent of this field in the world market.
Titan Aviation and Aerospace India Ltd has applied for 6,000 acres of land in Jhansi for setting up of a ‘maintenance repairs, overhaul and manufacturing industry’ in collaboration with an Ukranian company. The company has signed an MoU with the state government for this project.
As per World Steel Association data, India became the second largest steel producer of crude steel after China in 2018 and 2019, by replacing Japan.
The ever increasing size of container ships makes it imperative that a deep draft container port in West Coast of India is developed. Increasing containerization of cargo in the wake of value-added manufacturing sector makes it important to prepare our port infrastructure for handling value-added import and export to facilitate manufacturing activity.
Under the guidance of the Prime Minister Shri Narendra Modi and directions of the Union Minister of Agriculture and Farmers Welfare, Shri Narendra Singh Tomar, the Ministry is issuing the Soil Health Cards. This has enabled the farmers to understand the soil health parameters and improve its productivity by judicious application of soil nutrients.
Russia as a new source for crude oil imports by India’s largest refiner will go a long way in mitigating the risks arising out of geo-political disruptions. The new arrangement would also usher in price stability and energy security for India, which is witnessing robust growth in demand for petroleum products.
Two Vistadome Coaches are being operated by IR, one in Vishakhapatnam – Araku Sector by train no. 58501-58502 Vishakhapatnam Kirandul Passenger and other in Mumbai – Madgaon Sector by train no. 11051-11052 Dadar Madgaon Janshatabdi Express. The Occupancy of the Vistadome coach running on Vishakhapatnam – Araku Sector is 99.34% for the period from 01.04.2019 to 31.12.2019, while that of Mumbai – Madgaon Sector ranges from 62.21% to 98.19% during the same period.
The facilities provided are adequate and include wide windows, observation window at one end, roof with glass look out with controlled opalescence, rotatable seats, passenger information system, automatic sliding doors, mini pantry, wide door for divyang, etc.
Apart from standard safety arrangements, the Glass used in Vistadome coaches are shatter resistant with a film coating for safety of passengers.
Additional 10 Vistadome Coaches have been planned for production program of 2019-20.
This information was given by the Minister of Railways and Commerce & Industry, Shri Piyush Goyal in a written reply to a question in Lok Sabha today.
