News on Indian Economy
The six-member committee headed by former RBI governor Bimal Jalan was tasked with examining the central bank’s requirements on provisions, reserves and buffers. That would determine how much of the reserves could be transferred to the government.
Domestic automotive major Mahindra & Mahindra is no stranger to taking up challenges, be it developing new products, deploying new manufacturing processes, plugging into electric mobility or going carbon-neutral.
“The government is adopting and adapting international best practices for its licencing protocol.Further, the government is in the process of reviewing its Foreign Trade Policy and have invited suggestions from stakeholders” – Additional DGFT Vijay Kumar
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved Rs1,600 crore for pre-investment activities and clearances for the Dibang multipurpose project in Arunachal Pradesh, which is estimated to cost Rs 28,080.35 crore to build, and once completed, will generate 2880MW power.
As the Railway has already decided another route of the Train 18 set and is likely to launch the operational journey of second Vande Bharat Express in next month on the Delhi-Katra route.
According to India’s submission to the United Nations Framework Convention on Climate Change on Intended Nationally Determined Contribution (INDC), a combined electric power limit of 40 per cent from non-fossil fuel-based energy resources is to be introduced by 2030. The government has set an objective of introducing renewable energy capacity of 175 GW constantly 2022.
This comes in the backdrop of the ongoing crisis in discoms because of poor budgetary health, which has led to delayed payment to generation utilities.
India will start making ethanol from surplus and degraded food material like rotten potato, rotten wheat, broken rice and other biomass to achieve the milestone of 10 per cent ethanol blending with petrol by 2022.
It was “mind boggling” how India had lifted 271 million people out of poverty in the 2006-16 decade, he said on Tuesday at a special event, “From Commitment to Achievement: India’s Experience in Localising the SDGs”, held during the High Level Political Forum on Sustainable Development here.
The contract has been awarded to Tata and is not dependent on us winning the fighter jet contract here, said Vivek Lall, vice-president of Strategy and Business Development, Lockheed Martin Aeronautics.
