Manipur’s Special Oranges, Chillis Get GI Tag
Manipur’s Tamenglong orange, a species of the mandarin family, and a unique fruit crop found in the state, along with Hathei, a special chilli variety, have acquired the Geographical Indication (GI) tag.
Economy
News on Indian Economy
India may Soon Get its First ‘Electric Highway
The central government is mulling over the concept of an ‘electric highway’, to be built between the national capital of Delhi and Jaipur in Rajasthan. Union minister of road transport and highways Nitin Gadkari said on Friday said the government is already in talks with a foreign company to build the electric highway – his “dream” project – between these two cities and that the construction work might start very soon if the discussions come through.
India may Corner Nearly Half of Global Rice Trade as Exports Soar to Record
The world’s top exporter could ship as much as 22 million tonnes of rice this year, or more than the combined exports of the next three largest exporters Thailand, Vietnam and Pakistan, said Nitin Gupta, vice president of Olam India’s rice business.
India Second – Largest Technology Hub for Amazon Globally: India Head
Amazon Global Senior Vice President and Country Head India, Mr. Amit Agarwal said, “In India, Amazon recruits >1 lakh employees across diverse field, ranging from engineering, supply chain, marketing, to content creation, video and others.
BHEL Commissions India’s Largest Floating Solar Plant In Andhra Pradesh
Located at NTPC Simhadri in Andhra Pradesh, the 25-megawatt floating SPV project covers an area of 100 acres, Bharat Heavy Electricals Limited (BHEL) said without disclosing the project cost.
Indian Stock Market Overtakes France; Becomes Sixth Biggest
India is now the world’s sixth-biggest stock market, overtaking France for the first time in market capitalization, with the benchmark Sensex surging more than 23% this year.
First Private Train Cargo Arrives in Nepal from India
Two months after the revision of the Nepal-India Railway Service Agreement, a private sector cargo train arrived in Nepal from India on Wednesday for the first time. This was possible after the revision of the railway service agreement between Nepal and India on July 9, breaking the monopoly of Indian containers after a hiatus of 17 years.
Government Approves PLI Scheme for Drones and Drone Components
Taking another step towards realising our collective vision of an Aatmanirbhar Bharat, the Central Government under the leadership of Hon’ble Prime Minister Shri Narendra Modi, has approved the Production-Linked Incentive (PLI) scheme for drones and drone components.
Cabinet Approves Major Reforms in Telecom Sector
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved a number of structural and process reforms in the Telecom sector. These are expected to protect and generate employment opportunities, promote healthy competition, protect interests of consumers, infuse liquidity, encourage investment and reduce regulatory burden on Telecom Service Providers (TSPs).
HAL, Rolls-Royce Ink New Pact for Make-in-India Adour Engine Parts for Global Markets
A HAL statement issued here read: “Through this partnership, Rolls-Royce aims to strengthen the ecosystem for Adour engines in India by building on HAL’s existing capabilities for manufacturing and supporting the engines for Indian customers over several decades.”