Merchandise Exports Rise 42.33% to US$ 35.47 Billion in October
According to provisional data released by the government, India’s merchandise exports in October rose 42.33% to US$ 35.47 billion.
Economy
News on Indian Economy
Manufacturing Accelerates to 8-Month High Amid Festive Season Demand
Manufacturing activity enhanced to an 8-month high in October due to festival demand, but it failed to arrest employment cut off by firms as existing manpower were adequate to meet the rising demand, revealed IHS Markit Purchasing Managers Index (PMI) survey.
Khadi Sale Breaks All Records; Registers Highest Ever Single-Day Sale of Rs 1.29 crore at CP Showroom
People’s massive turnout to purchase local products this festival, in response to Hon’ble Prime Minister’s appeal, has done wonders for Khadi. On 30th October, the single-day sale of Khadi at its flagship outlet at Connaught Place, New Delhi, stood at a whopping Rs 1,29,05,000 (Rs 1.29 crore), surpassing all previous records. Earlier, the highest ever single-day sale of Khadi was recorded at Rs 1,28,33,000(Rs 1.28 crore) on 2nd October 2019.
Powergrid Inaugurates Remote Operation of 250th Sub-Station
Power Grid Corporation of India Limited (POWERGRID), successfully inaugurated Remote operation of 250th Sub-station of POWERGRID (765/400 kV Khetri Sub-station, Rajasthan) from it’s National Transmission Asset Management Centre (NTAMC) at Manesar, Haryana.
Ladakh Forward Get Oxygen Booster Ahead of Winter
The Leh administration has expanded oxygen supply in the forward areas by adding new plants as villagers and troops along the LAC (line of actual control) with China prepare for a harsh winter amid an uneasy border calm.
Shri C V Raju, Grassroots Innovator from Andhra Pradesh Reviving Dying Art of Making Sustainable and Children Friendly Wooden Toys
Shri C V Raju, a grassroots innovator from Etikoppaka village, Visakhapatnam, Andhra Pradesh, is preserving the traditional method of making Etikoppaka toys, a proud heritage rooted in his village, by making vegetative dyes and developing technologies for increasing the shelf life of the dyes.
Shipping Minister Inaugurates Simultaneous Launching of Five Vessels at Cochin Shipyard Limited
The Minister inaugurated the launching function of three Floating Border Out-Posts (FBOP) for the Border Security Force and two Fully Electric Autonomous Ferries for ASKO Maritime AS, Norway, which are amongst the world’s first Autonomous Ferries.
India Keen To Sign Pact With Taiwan To Secure Microprocessor Supply
Home to the world’s largest semiconductor and microprocessor manufacturing sector, Taiwan is also a hub for electronics and precision tools. India wants a steady supply of these key items and would like more Taiwanese companies to shift operations to India.
Handicraft Exports Grow 60% During April-September: Govt
According to textiles ministry, India’s handicraft exports in the first six months of the FY22 stood at Rs. 15,995.73 crore (US$ 2.13 billion), a growth of over 60.34% over the same period last year.
Record 331.05 Million Tonnes of Horticulture Production in the Country
The Department of Agriculture and Farmers Welfare has released 2020-21 (Third Advance Estimates) of Area and Production of various Horticultural Crops, compiled on the basis of information received from States/ UTs and other Governmental source agencies. Union Minister of Agriculture and Farmers Welfare, Mr. Narendra Singh Tomar informed that under the able leadership of Prime Minister Mr. Narendra Modi, due to the farmer-friendly policies of the government, tireless hard work of farmers and research of scientists, horticulture production in the year 2020-21 is estimated to be a record 331.05 million tonnes. This shows an increase of 10.6 million tonnes (3.3%) over 2019-20.