News on Indian Economy
When a tendering process is undertaken to charter a vessel, a bidder offering a ship built in India will be given the first priority to match L1 quote, said an official statement issued on Monday.
Being implemented by the labour ministry, the ambitious social security scheme was announced by Finance Minister Piyush Goyal in the Interim Budget 2019-20 and is targeted at unorganised sector workers with monthly income of up to Rs 15,000.
Indian Railways pitches MCF Rae Bareli as an example of ‘Make in India’! It is only in July 2014 that the Rae Bareli coach factory was declared a production unit of Indian Railways and since then has doubled production almost every year.
According to a global study conducted by property consultant Knight Frank, the estimated growth in office rental values in Bengaluru by end of 2019 is expected to be 6.6 percent over Rs 125 per sqft per month in 2018 .
So far, MoUs worth Rs 4,000 cr have already been signed with public and private sector firms for Corridor, which consists of various infra projects totalling over Rs 40,000 cr in Bundelkhand region
The Seattle-based ecommerce giant’s Amazon Pay unit has partnered with India’s Axis Bank to issue UPI IDs to its customers. They can link their bank accounts on their Amazon mobile app and make fast, easy, and secure payments directly from their bank accounts, the company said in a press release on February 14.
Mats Palmberg, vice president for industrial partnerships at Saab, said should his company bag the deal, in the first instance, 18 of the 114 aircraft will be made in Sweden with Indians being present at the manufacturing facility there to acquaint themselves with the technology and manufacturing processes.
At the end of Q4 2018, CKD (completely knocked down) manufacturing stood at 57 per cent while SKD (semi knocked down) manufacturing stood at around 39 per cent.
The dynamism in government’s resolve to extend the benefits of piped gas and compressed natural gas (CNG) to large masses and maintain India’s penchant to adopt a healthier energy mix is indeed remarkable.
According to reports, many youngsters are seen wearing t-shirts and hoodies bearing the phrase “NaMo again”. These apparel have been manufactured in Tiruppur in Tamil Nadu
