News on Indian Economy
‘Make in India’, is an initiative launched on 25th September 2014, a major national programme of the Government of India designed to facilitate investment, foster innovation, build best in class infrastructure, and make India a hub for manufacturing, design, and innovation. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha .
When Uzbek Deputy Prime Minister and Minister of Investments and Foreign Trade, Mr. Sardor Umurzakov met with Indian ambassador, Mr. Manish Prabhat, they discussed strengthening interregional cooperation, particularly between the Andijan region of Uzbekistan and the Gujarat state of India.
Domestic flows have somewhat offset the selling pressure from international portfolio investors, thanks to ongoing support from retail investors (FPIs). In 2019, the previous highest SIP flow in a calendar year was Rs 98,612 crore (US$ 12.99 billion).
Shri Goyal said the agreement will be a mutually beneficial win-win solution for both countries, “provide market access to each other. Some of the elements of the agreement are the first of its kind, particularly for both countries.”
Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company has collaborated with Bhabha Atomic Research Centre (BARC) to scale-up Alkaline Electrolyser technology for Green Hydrogen production. Presently, Electrolyser Plants are imported. This is a first of its kind initiative to support the country’s commitment to achieve renewable energy targets and reduce greenhouse gas emissions.
Khadi, the symbol of sustainability and purity, has taken a big stride in the global fashion arena. US-based world’s leading fashion brand, Patagonia, is now using handcrafted Khadi Denim fabric for making Denim apparels. Patagonia, through textile major Arvind Mills, has purchased nearly 30,000 meters of Khadi Denim Fabric worth Rs 1.08 crore from Gujarat.
The ratio of Mutual Fund investors and Demat Account holders to the Registered Investment Advisors (RIA) in India is around 76,510 : 1, the Minister added.
Various steps have been taken by the government of India to increase the farmer’s income in which enhancement of agri- exports is also one of the main focus. Farmers can take advantage of the wider international market through agriculture export which leads to an increased income.
In the Asian Power Index for 2021 that ranks 26 nations and territories in Asia, prepared by the Lowy Institute of Sydney, India has been ranked 4th most powerful country.
A novel bacteria discovered in Saurashtra University not only promises to increase the groundnut crop yield but also assures better quality crop.
