News on Indian Economy
India’s tax collections rose to a record high of Rs. 27.07 lakh crore (US$ 356.83 billion) in FY22 as mop-up from income and other direct taxes and indirect taxes increased, according to Mr. Tarun Bajaj, Secretary, Department of Revenue.
Eren Group – promoted by pioneer of solar power Paris Mouratoglou, will acquire 54MWh battery from Pravaig, said Siddhartha Bagri, who founded Pravaig with Dhawal Vinkay Khullar.
India and Nepal jointly flagged off a new cross-border passenger train between Jaynagar in India and Kurtha in Nepal. PM Modi and his Nepal Counterpart Sher Bahadur Deuba launched the rail service 35-km cross-border with a capacity of 1,000 passengers. The cost of building the Jaynagar-Kurtha section is over Rs 383 crore.
Space PSU NewSpace India opened the commercial bids of the three shortlisted entities — HAL-L&T, BHEL (single firm) and the BEL-Adani Alpha Design-BEML consortium — on Wednesday. The winning bid quoted Rs 824 crore, BHEL Rs 1,129 crore and the third group Rs 1,218 crore, a source said. These figures exclude taxes.
India’s exports surged to USD 9.32 billion in the first week of this month, posting year-on-year growth of 37.57 per cent, the government data showed on Friday.
The negotiations between National Plant Protection Organisations of India and Canada on market access for Indian Banana and Baby corn resulted in Canadian market access for these commodities.
The first India-made Dornier 228 aircraft was delivered to Alliance Air on Thursday. The aircraft can carry up to seventeen passengers and is capable of running day and night operations.
Funded by the Government of India, this project is expected to come up in two years and will involve the setting up of two wind turbines of over 8MW (megawatt) capacity, in order to perform studies and collect data on the feasibility of large-scale projects of this kind.
Reacting to media reports claiming a cyberattack on the power grid near Ladakh between August and March, Singh said, “Two attempts by Chinese hackers were made to target electricity distribution centres near Ladakh but were not successful…”
In a written reply to a question raised in the Lok Sabha, the minister said the government has accorded administrative approval and financial sanction for construction of 10 indigenous 700MW PHWRs to be set up in fleet mode. He said on progressive completion of the projects under construction and accorded sanction, the nuclear capacity is expected to reach 22,480MW by 2031.
