News on Indian Economy
Russian-Indian cooperation in the oil and gas sector could make India the first non-Arctic state to extract resources in the Arctic, Foreign Minister Sergey Lavrov said in an interview with The Times of India.
angalore International Airport Limited (BIAL) has entered into an agreement with KUNZ GmbH to manufacture, supply, commission and maintain specialised Disabled Aircraft Recovery Equipment (DARE) for the Kempegowda International Airport, Bengaluru (KIAB).
Projects/infrastructure sector posted the highest growth of 14% (M-o-M) in talent demand, the index noted. This was followed by the automobile/auto component/auto ancillary sector which recorded 8% uptick in November 2019 as compared to December 2019.
Panasonic Life Solutions India plans to invest Rs 295 crore (US$ 42.21 million) to set up an electrical equipment material and wiring device manufacturing facility at the Sri City Industrial Park. This investment is part of the company’s plan to invest Rs 600 crore (US$ 85.85 million) in India.
The two companies will develop Carbon Capture, Utilisation and Storage (CCUS) facility as an effective emissions mitigation tool to tackle the problem of climate change.
Bangladesh, notwithstanding the recent controversy over the citizenship law and national citizenship register, has decided to launch direct road connectivity with popular tourist spots Siliguri and Darjeeling in West Bengal from Thursday, as part of the Bay of Bengal regional connectivity initiative.
India’s top banks are getting ready to roll out a system that gives consumers access to a wide swath of their financial data and allows them to share it instantly. Backed by the Reserve Bank of India, it’s an ambitious approach that combines privacy protection with credit reporting: if it works, it could unlock the credit market for millions of Indians while offering new levels of data security and consumer control.
India’s exclusive economic zone in the seas along its 7,500-kilometre coastline comprises over 2 million square kilometres, he said.
“The department (DAE) proposes to submit a report for consideration to the PMO after seeking guidance from the Atomic Energy Commission for amending the policy,” says the letter by Joint Secretary, DAE (Anushakti Bhawan), dated January 8 this year.
Union Ministry of Micro, Small and Medium Enterprises (MSME) minister Nitin Gadkari also informed about a project being carried out under the Defence Research and Development Organisation (DRDO) to manufacture ‘Cochlear implant’ equipment.
