News on Indian Economy
The panel which deliberated on the quantum and duration of the spectrum trial has recommended 5G spectrum to Airtel, Vodafone Idea and Reliance Jio initially for three months, which can be scaled up to one year in case they need more time for network stabilisation.
TCS grew 9.6%, or added $1.82 billion in new business, to end with $20.91 billion in revenue in the year ended 31 March.
India’s total trade with the African region during 2017-18 was USD 62.69 billion (8.15% of India’s total trade with the World). India’s share of exports to African countries as a percentage of India’s total exports to the world was of the order of 8.21% in 2017-18. Africa region’s share in India’s total imports from the World accounted for 8.12% in 2017-18.
One of the most interesting trends in retail sector in India is that kirana stores are keen to upgrade their merchant point-of-sale (MPoS) technology, which is driving a wave of modernisation (90% of the $700 billion retail market is still unorganised).
The Hyundai Mega Manufacturing Plant with its Manufacturing 4.0 production will manufacture the Venue.
Solar has reached 30% of the 100 GW installation goal by 2022
About 17,000 solar lights have been distributed so far by the Rashtriya Rifles in the villages of the district. Army’s initial aim was to light up 5,000 homes and Dhoks or mud houses, according to PTI.
The ISE’s egg production process, almost fully automated, is considered most hygienic in the world.
The in-principle approval to L&T MBDA was given after the company submitted that a provisional approval would help it start construction of its manufacturing facilities while awaiting its industrial licence from the Department for Promotion of Industrial and Internal Trade (DPIIT).
India is expected to meet the WHO norm of 1:1000 doctor-patient ratio by 2024 – Dr. V K Paul, Member, NITI Aayog
