News on Indian Economy
The 240C default setting has been made mandatory from Jan 1, 2020 for all room air conditioners covered under the ambit of BEE star-labelling program vide this notification. Additionally, the Indian Seasonal Energy Efficiency Ratio (ISEER) as per the new standards will range from (3.30 – 5.00) for split and (2.70 – 3.50) for window air conditioners, which will be applicable from 1st January 2021 onwards.
Foxconn has now denied the reports with a statement from its parent company Hon Hai. It also stated that the claim of an “internal dispute” with one of its major clients was also inaccurate. In the report by Focus Taiwan, Hon Hai said that it will establish 10-12 facilities in India this year.
Many States have nominated Nodal agency and Nodal officer. Maharashtra, Uttar Pradesh, Kerala, Nagaland, Tamil Nadu, Assam, Punjab and Karnataka have finalized the State Action Plan and other States are at different stages of finalization of the action plan.
“Cotton export shipments from 1st October 2019 to 31st December 2019 which have already been shipped are estimated at 10 lakh bales while balance 32 lakh bales are expected to be shipped during the period from 1st January 2020 to 30th September 2020. Total exports estimated during the entire season are 42 lakh bales,” said CAI.
K N Vyas, chairman of the Atomic Energy Commission and DAE secretary, laid the foundation stone for the production of nuclear grade sodium at Heavy Water Plant (HWP), Baroda on Sunday.
Employee’s Compensation Act 1923: Before 2010, Employee’s Compensation Act, 1923 was known as Workmen’s Compensation Act. It provides for compensation to an employee who dies or suffers partial or total disablement due to accident on duty.
The report, prepared by US Embassy New Delhi’s Office of Agricultural Affairs (OAA), serves as a reference guide for stakeholders wishing to export food and agricultural products to India.
The country’s per-capita monthly income is estimated to have risen by 6.8 per cent to Rs 11,254 during 2019-20, government data on national income showed on Tuesday.
If the observation made by Prime Minister Narendra Modi during his speech at the inaugural ceremony of the 107th Indian Science Congress at Bangalore last Friday is any indication, Chennai is set to emerge as the country’s hub for deep sea missions akin to its feats in Space explorations. While ISRO has started training astronauts for space faring, the country’s aquanauts are being trained for deep sea missions.
“There were around 20,000 houses in the district that never had access to electricity. Prime Minister Narendra Modi made it possible by implementing schemes. We have provided all the houses with electricity,” Sajid Parvez Sarpanch told ANI.
