News on Indian Economy
Prime Minister Narendra Modi continued with his thrust on “participatory development” by giving a call to people to shun single-use plastic and keep their families small, he said, noting that the PM had made cleanliness the centrepiece of his agenda during the first term.
The tribal affairs ministry is working on a model where over 100 units across the country will work on extracting the environment-friendly coal, while employing people from tribal communities.
Talking to reporters on the sidelines of a conference focussed on the security for the healthcare sector here, Stephan said India, actually, was considered as a top-2 prospective location for APAC’s first Transparency Centre. “We recently set it up in Kaula Lumpur (Malayasia). But the new upcoming Indian policy on cyber security would require us to invest on a facility to store and process the data that we generate locally,” he said.
Chief Minister Devendra Fadnavis explained that the government plans to bring 168 tmc water to the River Godavari basin and then, through the water-grid, will connect all the dams and distribute it through pipelines to the people.
At 35 km in length, the flyover will have three segments, the first segment which will be around 18 km in length will be the longest in India — more than the length of the PVNR Express Highway in Hyderabad, which is 11.6 km long.
The coach, the first in the list of 500 to be delivered to the Mumbai Metro Rail Corporation, has been built by Bharat Earth Movers (BEML) at its Bengaluru facility in flat 75 days. Maharashtra is pumping in over Rs 1.2 lakh crore to build 14 metro corridors stretching 337-km over the next decade.
According to insurance web aggregator Policy Bazaar, 90 per cent of the policies sold in the last three days belong to consumers with lapsed plans.
Norton has set up a plant in Ahmednagar, Maharashtra where it will be manufacturing the motorcycle from next year. The company will import the engine and underpinnings from abroad, but the motorcycle will be assembled locally. This is expected to bring down its cost around the Rs 12 lakh mark (ex-showroom).
Badal said the Mega Food Park will leverage an additional investment of about ₹250 crore in 22 food processing units and generate a turnover of about ₹14,000 crore.
Sectors which attracted maximum foreign inflows during April-June 2019-20 include services (US$2.8 billion), computer software and hardware (US$2.24 billion), telecommunications (US$4.22 billion), and trading (US$1.13 billion), the commerce and industry ministry data showed.
