Economy

News on Indian Economy

Defence Ministry Plans 6-8 Product Testing Facilities for MSMEs

“In order to provide MSME’s a level playing field in defence supplies and also expand the vendor base, the Ministry of Defence has come up with a scheme to set up 6-8 product testing centres in the defence industrial corridors,” Rear Admiral A. George, Additional Director General Quality Assurance (Warship Projects), directorate general, quality assurance (DGQA), told reporters.

Plan to Make Aviation Turbine Fuel Out of Bamboo Oil: Nitin Gadkari

The NEERI report will be out soon, said Gadkari. “I strongly believe that continuing with traditional crops like cotton, soyabean or even paddy and wheat is not going to help the farmers much. Rates of crops like cotton depend on the market conditions and there is already a surplus of food crops like paddy or wheat. Sources of alternate fuel can be the future. Bamboo can even be grown on the farms’ edges,” he said.

27.77 Lakh Hectares Covered Under Organic Farming in India

Government of India has been encouraging organic farming in the country through the dedicated schemes namely Paramparagat Krishi Vikas Yojana (PKVY- Centrally Sponsored scheme, in all states & UTs) and Mission Organic Value Chain Development of North East Region (MOVCDNER -Central Sector scheme for North Eastern Region).