Iran to Sign Preferential Tariff Agreement with India
Many important items will be made zero duty as part of the deal, with a commitment to reduce tariffs on many others, he said, addressing Indian investors at the PHD Chamber of Commerce.
Economy
News on Indian Economy
India will Grow Ahead of US and China in Digital Payments Transaction, KMPG Report Says
Digital payments are seeing a thriving growth and gaining traction with a CAGR of 12.7% in the number of non-cash transactions (forecast, 2016-21). The global digital payments market size is expected to touch $10.07 trillion by 2026.
Govt to Make India aircraft Leasing Hub: Minister
Central government is moving towards making India a maintenance, repair & overhaul (MRO) facility and aircraft leasing hub.
Demonstration Plant Inaugurated to Convert Waste Plastic into Diesel
The plant, which has been set up at the Institute campus, will be able to convert one tonne of plastic waste into 800 litres of diesel every day. The fuel will be of automotive grade. It meets the specifications for use in vehicles. GAIL (India) has sponsored the technology development and provided technical support for the endeavour.
India to Get Atomic Boost! Six More Nuclear Power Plants to be Built by Russia
India has also promised the US and France that its company will get a chance to set up six nuclear power plants in India. But negotiations are still going on with both the countries.
India to Get 75 New Medical Colleges in Next 3 Years, Centre to Spend INR 24,375 Crore on Them
Continuing the focus on the creation of health care infrastructure, the Central Government had earlier approved to establish 58 new medical colleges attached with existing district/referral hospitals under Phase-I and 24 under Phase-II. Of this, 39 medical colleges under Phase-I, have already started functioning, while the remaining 19 would be made functional by 2020-21. Under Phase-II, 18 new medical colleges have been approved.
Vivo Extends Make-In-India Commitment With INR 3,500 Cr Investment
Vivo India director, brand strategy, Nipun Marya told PTI that the company has been committed to ‘Make in India’ right from the beginning and have been manufacturing here for some time. He emphasised that the company said its has seen strong growth in its business in India.
PM Modi Likely to Inaugurate Spacious Permanent Campus for NIFT in Shillong in November
This was stated by the Union Minister for Women & Child Development and Textiles, Smriti Zubin Irani who was here on Monday to inspect the under-construction National Institute of Fashion Technology (NIFT) located at Mawdiangdiang along with the Chief Minister of Meghalaya Conrad K Sangma.
India Launches World’s First Ever Facial Bio-Metric Data Based Seafarer Identity Document
The new facial biometric technology is a marked improvement over the two finger or iris based bio-metric data, with modern security features. It will make the identification of the SID holder more reliable and efficient, while protecting their dignity and privacy. India had made a presentation on this technology at ILO .
RBI Approves A Record ₹ 1.76 Trillion Surplus Transfer to Government
The surplus transfer, commonly called “dividend”, is almost double the previous record of Rs 65,896 crore (US$ 9.42 billion). In the previous year, the RBI transferred Rs 50,000 crore (US$ 7.15 billion), while in 2016-17, the dividend was only Rs 30,659 crore (US$ 4.38 billion) because of demonetisation.