News on Indian Economy
In Northeastern states the sun rises and sets earlier than the official working hours. This natural phenomenon gives birth to some practical problems like it affects the productivity and makes electric consumption much higher.
“There is a fair chance that emerging markets flows will be positive in Q1 of 2020, because flows for the whole of 2019 were quite modest and turned positive recently. India should get its share of total EM inflows,” said Hertta Alava, senior strategist at Nordea in Helsinki, Finland.
These water aerodromes are planned in Long Island, Swaraj Island and Shaheed Island with a total investment of Rs 50 crore (US$ 7.15 million) and clearance for preparing the Terms of References (ToR) is required separately for three airports.
Announcing the results, the Union Minister said that India is among few countries in the world where forest cover is consistently increasing. Shri Javadekar told that in the present assessment, the total forest and tree cover of the country is 80.73 million hectare which is 24.56 per cent of the geographical area of the country.
India will see record wheat output this year on higher acreage and conducive weather, the chief of a top government research institute said.
Vajra is a permissioned blockchain platform which means its an closed-ecosystem platform or say “an invite-only” members club. Such permissioned blockchain network is not accessible to any random participants. Only a registered party under the network administrator can be part of the blockchain network. There will be three types of nodes on the platform.
Signzy focuses on two major areas in the banking, financial services and insurance ( BFSI) industry, which are costly and time-consuming – the Know Your Customer (KYC) process and back-end operations. A primary customer onboarding process in banks takes an average of seven days. Signzy, through its AI-based decision engines and back office tools enables account opening in real time. There is no wait, no delay. At the same time an AI is more efficient, accurate and insulated from human frauds.
The Border Roads Organisation (BRO), which is handling this matter, has issued a global tender for the construction of a tunnel under the Brahmaputra River in Assam, while it has also begun the excavation of a tunnel under the Sela Pass in Arunachal Pradesh, top officials said. Work on another tunnel in Nechiphu, also in Arunachal Pradesh, which will shorten the travel time to Tawang, will begin soon.
“India has decisively overtaken both France and the UK to become the world’s fifth-largest economy in 2019. It is expected to overtake Germany to become fourth largest in 2026 and Japan to become the third largest in 2034,” the report, titled ‘World Economic League Table 2020’, said.
According to the latest available depository data, the FPIs pumped Rs 43,781 crore (US$ 6.36 billion) in the fourth quarter (October – December) of CY19 showing faith after pulling out Rs 22,463 crore (US$ 3.21 billion) from Indian equities during the third quarter (July-September) of CY19 from the equity market.
