News on Indian Economy
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.
Indian Railways has embarked upon an ambition plan of electrification of its complete Broad Gauge network by 2023-24 which would not only result in a better fuel energy usage resulting in increased throughput, reduced fuel expenditure but also savings in precious foreign exchange.
Commerce and industry minister Piyush Goyal on Saturday added Russia, Oman and the Southern African Customs Union, which includes South Africa, to the growing list of countries and blocs with which India is negotiating trade agreements.
The Removal of Licensing Requirements, Stock Limits and Movement Restrictions on Specified Foodstuffs (Amendment) Order, 2021 has been issued with immediate effect i.e. from 8th September, 2021.Future trading on Mustard Oil and Oilseeds was suspended in NCDEX w. e. f October 08, 2021.
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.
Kanpur Metro’s trains will have an energy efficiency of about 40-45% which means at the expenditure of every 1000 units, up to 450 units can be regenerated through breaking and be used again with the help of ‘Regenerative Breaking Technology’. No other Metro Project in India, that is running on the Third Rail DC Traction System has such type of arrangement to conserve energy.
Quantum Technologies are one of the most researched area at present and are attracting huge investments by Governments all across the globe as well as by private players ranging from multinational giants to start ups. Almost all countries have dedicated programs for furthering research in this area, which has immense potential, impact of which can probably be compared with that of semiconductor technology in the last few decades or the impact that the laser had since its invention in 1960s.
Under direction of Union Power and New & Renewable Energy Minister Shri R K Singhthe Central Electricity Authority, Ministry of Power has prepared the guideline for the Cyber Security in Power Sector and it has been released on Thursday.
Indian Scientists have developed a unique laser-based clad coating technology (LCCT) that provides improved protection to the boiler parts in thermal power plants. It can enhance life of boiler parts by 2- 3 times compared to currently use surfacing technologies. It has been found that this technology is suitable, not only for boiler parts of thermal power plants but also for any engineering application involving high temperature erosive and corrosive environment.
EasyEcom, an omnichannel inventory management and e-commerce solution provider released a predictive analysis report on the state of e-commerce in India for the calendar year 2021. The report has been prepared post analysing the data around online sales during 2019 and 2020, according to a press release issued by the company.
