News on Indian Economy
After reviewing the data collected from drug manufacturers, the National Pharmaceutical Pricing Authority’s May 15 memorandum has brought nine anti-cancer drugs in its price control framework. NPPA is an independent body of experts under the Union ministry of chemicals and fertilisers that monitors and controls drug prices in India.
The government is expected to declare certain areas of Ahmedabad district (Dholera SIR), Surendranagar and Kutch and possibly a few parts in north Gujarat and coastal Saurashtra, as defence industries corridor.
It is believed that this is the country’s first cable car project which is completely eco-friendly as not a single tree was cut. The height of Gandola was increased so that the vegetation could not come into the way. Also, the French technology was used to ensure safety.
The State government also sought the development of road for exploration and extraction of minerals along the international border. The GSI presented the status of mineral deposits in Arunachal Pradesh at the meeting. Data showed that the State has 35% of the total graphite reserves in India – the highest in the country.
Overall, India was the second biggest importer of Omani goods after China, while in terms of non-oil products, it was ranked third behind the UAE and Saudi Arabia. -ONA
The company – one of the key partner (battery cell supplier) for American electric vehicles maker Tesla — plans to set up mini charging facilities at parking stations, malls, petrol pumps, and specially-developed zones across cities such as Delhi, Pune, Bangalore, Chennai, Amravati, Hyderabad, Gurgaon, Noida, and Ghaziabad.
The State Food Laboratory is being upgraded to level-2 laboratory which is first in the entire Northeast.
Africa is slated to be the next big thing in the later half of the 21st century as it would provide consumer market with 1.7 billion people of over $ 6.7 trillion consumer and business spending by 2030 and investment opportunity of over $100 billion a year after discounting for the domestically generated funds for the infrastructural needs across 55 countries.
According to National High-Speed Rail Corporation Limited (NHSRCL), Japan’s E5 Shinkansen series is famous around the world for holding a zero-fatality record. Therefore, following a similar path by adopting the same technology as Japan, Mumbai-Ahmedabad bullet train is also expected to excel in speed and safety.
In fact, BEL and the Central Research Laboratory (CRL) are already working on a “first responder robot” to secure Indian borders. Gowthama had said that their scientists, who have been working on the project since December 2018, have now started putting together preliminary requirements for design and implementation for the same.
