Economy

News on Indian Economy

India Set to Achieve 450 GW Renewable Energy Installed Capacity by 2030: Ministry of New and Renewable Energy (MNRE)

The Ministry of New & Renewable Energy (MNRE) in partnership with FICCI, organised a series of events, from October 6th-8th, 2021 during the Climate and Biodiversity Week at Expo 2020 Dubai. The events covered the themes of India’s Renewable Energy Achievements and Ambitions, Emerging Areas and Opportunities for Renewable Energy in India, and also focussed events anchored by the Solar Energy Corporation of India (SECI) and Indian Renewable Energy Development Agency (IREDA).

Rural Consumption Outpaced Cities

The recent quarter witnessed increased demand for consumer goods from small towns and villages, outpacing cities. Rural consumption of FMCG goods expanded 58% year on year, twice the urban consumption, during the quarter ended September 2021, according to the latest report by Bizom, a sales automation firm that transacts with 7.5 million retail stores.

Railways Successfully Operated Two Long Haul Freight Trains ‘Trishul’ and ‘Garuda’ for the First Time Over South Central Railway

 Trishul is SCR’s first long haul comprising of three freight trains, i.e., 177 wagons. This train was started on 07.10.2021 from Kondapalli station of Vijayawada division to Khurda division of East Coast Railway. SCR followed it up with running of yet another similar one named Garuda on 08.10.2021 from Raichur of Guntakal division to Manuguru of Secunderabad division. In both the cases the long haul trains comprised of empty open wagons for loading of coal meant for predominantly thermal power stations.