Rashtriya Pension Yojana Launched for Traders & Self-Employed
The scheme aims at providing a minimum assured pension of Rs 3000, to small traders and self – employed after attaining the age of 60 Years.
Economy
News on Indian Economy
BEML Sets Up Bogie Traction Motor Run Test Facility for Metro
“The indigenously developed facility is one of its kind in India, and will help in improving Metro train ride quality and increases the reliability of coaches,” said the Miniratna Government of India undertaking under Ministry of Defence.
India Jumps 11 Spots on Global Economic Freedom Index
The Economic Freedom of the World Report 2019 surveyed a total of 162 countries. India’s current ranking is better than one of the major economies of the world — China — which stood at 113th. Two Asian countries viz Hong Kong and Singapore continue their winning streak of last year with 1st and 2nd position respectively.
Russia’s Soyuz Rocket to Launch India’s Earth Imaging Satellite in 2020
An agreement has been signed by Russia’s GK Launch Services, an operator of Soyuz-2 commercial launches from Russian spaceports, to launch an Indian satellite via Soyuz rocket from the Baikonur Cosmodrome space centre. It will be launched in 2020.
Bengaluru Watchmaker Launching Watches Built with Metal from MiG21 Jets
There are five models in the MACH 1 collection, with prices ranging from Rs 48,000 to Rs 53,000, the company said, adding that the price of the MACH 1X special-edition is available on request.
Tata Group to Invest Over ₹500 Crore to Establish Two Indian Institutes of Skill (IIS)
Inspired by the Indian Institute of Technology (IIT) model of education, the IIS will be developed on a public-private-partnership (PPP) mode with land coming from government and capital from the Tata Group.
India Emerges as Biggest Improver in Global Tourism, Jumps Six Places on WEF Report
According to the report, India remains South Asia’s most competitive travel and tourism economy. It found that the country had improved in aspects like air (33rd), ground and port infrastructure (28th), international openness (51st), natural resources (14th) and cultural resources (8th).
India Building Its Own Supercomputers, Says Centre
Two computers are already functional at IIT-BHU and IIT-Kharagpur (1.6 petaflops), while the third will be assembled at the Indian Institute of Science Education and Research, Pune by the end of the week.
Sri Lanka’s New Swanky Luxury Train, Pulathisi Express, is An Indian Railways ‘Make in India’ Product; Details
On Wednesday, the President of Sri Lanka, Maithripala Sirisena along with the country’s Minister of Transport and Civil Aviation Arjuna Ranatunga and Taranjit Singh Sandhu, High Commissioner of India flagged off the new train- Pulathisi Express.
Make in India: Smartphone Exports Register 700% Growth in A Year
Giving this information in the RBI’s annual report, 2018-19, it has been said that along with Make in India, mobile phone handsets and components manufacturing has emerged as a flagship sector.