News on Indian Economy
A number of trusts set up in overseas tax havens using a complex maze of entities have come under the scanner of Indian and Swiss authorities for suspected tax evasion by parking of illicit funds in Switzerland-based banks, as per notices issued to those entities.
The Indian Space Research Organisation (ISRO) has proposed a ₹ 2,700-crore master plan to create top infrastructure that will house its young Human Space Flight Centre (HSFC).
While inaugurating Farmers Science Congress, Dr. Trilochan Mohapatra, Secretary, Department of Agricultural Research and Education & Director General Indian Council of Agricultural Research (ICAR), here today, said that it is for the first time in the history of Indian Science Congress that a farmer centric event has been organized, which is a big encouragement for the farmer’s community.
Isro has already made a deal with Qualcomm to create NAVIC-enabled chips, a tie-up with Xiaomi will ensure that Indian phones become NAVIC-enabled
Ministry of Tourism, in a recent statement declared that foreign tourist arrival in India has witnessed a growth of 3.23 per cent amounting to 96, 69,633 (travellers) during January-November 2019.
India will soon conduct ‘Beyond Visual Line of Sight’ (BVLOS) test flights of drone systems for the creation of last mile air delivery connectivity in the country.
The Prime Minister said, “Seed hubs have been built to promote pulses production in India, of which more than 30 centers are located in Karnataka, Andhra, Kerala, Tamil Nadu and Telangana itself.”
Dr Abdul Samad, Acting Director, CSIR-CIMAP told that “These herbal products have been scientifically validated and tested by CSIR-CIMAP. All the products are made of ingredients mostly aromatic and medicinal plants and their production by this company would also benefit the farmers cultivating the medicinal and aromatic plants in the country”.
The installation of charging infrastructure has been sanctioned by the Heavy Industries Ministry led by Union Minister Prakash Jaavadekar under the second phase of the Government of India’s flagship Faster Adoption and Manufacturing of Electric Vehicles in India (FAME India) scheme.
The value of UPI transactions has breached Rs 2 lakh crore mark in December, witnessing a 100% rise on-year. It is for the first time since UPI’s inception in 2016 that the value of transactions has reached Rs 2 lakh crore.
