News on Indian Economy
Central Electricity Authority, the country is likely to cross the 50 GW installed capacity mark this month if NEEPCO manages to commission its proposed unit 1 and 2 of the Kameng project.
To increase the mobility of the system, Mainline Electric Multiple Units (MEMUs) and Diesel Electric Multiple Units (DEMUs) have been used to replace 141 short distance passenger trains, especially having reversal en route, by in 2018-2019.
This increase in flow was driven by different global factor including shift in stance on monetary policies by various central banks along with positive outcome of US- China trade talks. The US Federal Reserve also paused the rate hike acting as a catalyst for economy.
After the updated numbers, the development rate would be most elevated over the most recent ten months. Last time it was in July 2018, when these parts developed by 7.8 per cent. “The most noteworthy upward modification of 17.2 per cent has been in the generation of steel for April 2019.
According to Government of India data, discoms in India had accumulated losses of approximately Rs. 3.8 lakh crore and had outstanding debt of approximately Rs. 4.3 lakh crore as on March 2015. It’s in this backdrop that, in November 2015, the Narendra Modi-led government introduced the UDAY scheme for financial turnaround of power distribution companies.
Deepak nitrite and its wholly-owned subsidiary Deepak Phenolics has started manufacturing phenol and acetone with the average capacity utilisation of around 80 per cent. After the new plant’s installation, the imports have gone down and 80 percent of nation’s phenol availability is met by the local manufacturer instead of through imports.
The OIL’s call for bids follows state run Oil and Natural Gas Corporation’ (ONGC) tender seeking partners for its 64 discovered small and marginal fields to enhance production on Friday.
Trade between the two countries in 2016 was $12.9 billion. It rose 28.7 per cent to $18.13 billion in 2017 with Indonesia’s exports to India reaching $14.08 billion and its imports from India standing at $4.05 billion, according to Indonesia’s Central Statistics Agency.
The new PSU – Indian Railway Rolling Stock Company – will be structured along the lines of China’s rolling stock manufacturer PSU CRRC Group
“As per the memorandum of understanding signed between the National High Speed Rail Corporation Limited and Japanese side, in order to promote ‘Make in India’, 06 out of above 24 train sets are presently planned for assembling in India, for which location is planned to be decided by the Japanese supplier,” Goyal said.
