News on Indian Economy
The black-throated finch management plan and a groundwater plan were the two persisting hurdles before the Indian energy giant could begin work on the largest coal mine project in the country.
India’s former defence minister, Nirmala Sitharaman, has been appointed India’s finance minister
The acquisition would be made through Khanij Bidesh India Ltd (KABIL)—a joint venture of three public-sector mining units—which recently visited the Lithium Triangle countries in South America (Chile, Argentina and Bolivia) to explore the possibility of lithium acquisition.
Last year in the month of December, Alstom completed and delivered the last of the 22 Metropolis trains for Sydney Metro, from its Alstom’s Sricity facility in the state of Andhra Pradesh.
Reducing the load at Delhi’s Indira Gandhi International (IGI) Airport, Hindon will serve as the ‘second’ airport. The airforce station is located close to Ghaziabad, Uttar Pradesh.
Sri Lanka’s Port Authority (SLPA) said that around 70 per cent of Colombo Port’s transshipment business is India related while Japan had cooperated since the 1980s to develop the port’s container terminals.
To power the electric cars in India, Hyundai and Kia Motors are looking for partners like LG for batteries, said a report by Times of India. The South Korean auto companies are also looking at other international battery suppliers for the battery requirements. At the moment, both the companies are undertaking project viability tests in India for procuring local machinery and batteries.
The first phase involved an investment of ₹380 crore. It is currently producing portable keyboards. This would be followed by acoustic guitars and pro-audio speakers.
The new export promotion scheme may replace the existing Merchandise Export from India Scheme (MEIS) as the US has challenged India’s existing export subsidy schemes at the WTO on the grounds of its incompatibility with multilateral rules.
During President Vladimir Putin’s visit here last October Russia that holds significant part of resource-rich Arctic region offered India access to the NSR that connects Europe with the Pacific Rim including additional supplies of natural gas and joint development of gas fields to meet Delhi’s growing energy demands.
