Economy

Corporate affairs secretary Injeti Srinivas also said that on social welfare activities companies have spent Rs 50,000 crore (US$ 7.15 billion) cumulatively over the last 5 years.

The new Indian Railway Motive Power Company will own and run factories like Diesel Loco Works, Varanasi, and Chittaranjan Loco Works and those in Madhepura and Marhowra in Bihar.

As per the estimation done by Agriculture and Processed Food Products Exports Development Authority of India (APEDA), flax seeds, sesame, soybean, tea, medicinal plants, rice and pulses i.e. arhar and chana are the key organic food products that drove this growth.

This plan is supported by a robust investment plan which includes the introduction of seven new products by 2021. The presence of brands in Europe will be fortified with France remaining a major market and PMTC’s headquarters continuing to be based at Mandeure.

The eleventh annual Melbourne Mercer Global Pension Index, comparing 37 retirement systems, expanded to cover almost two-thirds of world population. The Netherlands and Denmark retain first and second place, respectively. India inched up in the overall index as compared to 2017 and 2018 because of efforts taken by the government to introduce New Pension System.

RuPay Card is the first-of-its-kind Indian Domestic Debit and Credit Card payment network and also accepted at ATMs, POS device and on e-commerce websites.
RuPay Card is introduced in 2012 to achieve the vision of Reserve Bank of India i.e. to have a domestic, open and multilateral system of payments.
As India has already launched RuPay Card in UAE, Bahrain, Singapore and Bhutan.

Ethiopian Airlines Group CEO Tewolde GabreMariam said traffic from India has been growing at a CAGR of 20% over many years and the airline was expecting similar response to its newly introduced direct flight services between Bengaluru and Addis Ababa.

The issue was discussed during the India-Sweden joint economic commission meeting last week, with commerce and industry minister Piyush Goyal suggesting the government was willing to offer land for setting up an “Investment Enclave” with plug-and-play infrastructure. The choice of location has been left to the Swedish government and companies, although there were suggestions that the Bengaluru-Chennai industrial corridor may be a preferred destination, if the proposal is accepted.

“Also, digging a borehole of 200 metre depth for disposal of hot water, or construction of pond for waste management, is a decision taken by the scientists; the NPCIL ensures 100% security. These are totally the experts’ decisions, but the protesting NGOs are misguiding the people. The NGOs are also creating fear in the minds of common people by citing examples of nuclear accidents in Japan and Russia, which is clearly unfair,” the same official said.