News on Indian Economy
In the fortnight ended February 11, bank credit increased by 7.86% to Rs 115.45 lakh crore (US$ 1.53 trillion), while deposits increased by 9.11% to Rs 161.28 lakh crore (US$ 2.14 trillion), according to RBI data.
Several other agreements were also signed today between the two nations, including an MoU between APEDA and DP World & Al Dahra on the UAE side regarding “Food Security Corridor Initiative” and an MoU between GIFT city (IFSCA) and Abu Dhabi Global Market (ADGM).
According to official data, almost 15.26 lakh new members joined the Employees’ State Insurance Corporation (ESIC) – run social security plan in December 2021, compared to 10.39 lakh the previous month, providing insight into formal sector employment in the country.
India’s fresh fruit exports have also increased significantly. Fresh grapes are the most commonly exported item in the fresh food category. Fresh Grapes had a US$ 314 million export value in 2020-21.
Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh has said that an expansion programme for nuclear power is being undertaken to provide the country with clean electricity.
The gross GST revenue collected in the month of February 2022 is Rs 1,33,026 crore of which CGST is Rs 24,435 crore, SGST is Rs 30,779 crore, IGST is Rs 67,471crore (including Rs 33,837 crore collected on import of goods) and cess is Rs 10,340 crore (including Rs 638 crore collected on import of goods).
The Nation’s pride, the visionary project of Atal Tunnel was dedicated to the Nation by the Prime Minister Shri Narendra Modi on October 03, 2020. The 9.02 km long, strategically significant, Atal Tunnel, that runs under the ‘Rohtang Pass’ was constructed on the Manali – Leh Highway under the challenging conditions of freezing temperatures in extremely difficult terrain.
36.06% from 39.15 MT upto Nov 19* to 53.27 MT during corresponding period of FY 22. The reforms have led to an increase in domestic production of coal by 9.01% and the overall coal production rose at 447.54 MT upto November 21 as compared to 410.55 MT in the corresponding months of FY 20.
In a first, the Indian Railways plans to roll out double decker trains which can transport cargo and passengers as well. First two such trains with 20 coaches will be manufactured with nearly Rs 160 crore investments at a rail coach factory, sources said.
On development of technology, the Minister stated “The country has also developed its own indigenously developed 4G core & radio network. The 5G network is also in its final stages of development. The country is participating today in development of 6G standards, in the thought process of 6G.”
