News on Indian Economy
These large synthetic molecules, ‘specialty friction-reducer polymers’, are in high demand globally but unfortunately, India was not a part of the global supply chain for the product, Prof Sandeep D Kulkarni, the lead researcher said.
In a major boost to exports of exotic fruit, consignments of fiber& mineral rich ‘dragon fruit’, which are sourced from farmers of Gujarat & West Bengal, have been exported for the first time to London, United Kingdom & Kingdom of Bahrain. In India, dragon fruit is also referred to as Kamalam.
The IDEA would help in laying down the architecture for the Agri-stack in the country and that would serve as a foundation to build innovative agri-focused solutions leveraging emerging technologies to contribute effectively in creating a better Ecosystem for Agriculture in India. This Ecosystem shall help the Government in effective planning towards increasing the income of farmers in particular and improving the efficiency of the Agriculture sector as a whole.
The voucher system will enable all beneficiaries, including feature phone-users, to benefit through this mechanism and it will also be an excellent tool for the corporates, through which they can extend employee and community welfare schemes, he said.
The distance between Haldibari Railway Station till the international border is 4.5 km, while that of Chilahati is around 7.5 km. till the ‘zero point’. As of now, five links connecting India with Bangladesh have been made operational which include Petrapole (India) – Benapole (Bangladesh), Gede (India) – Darshana (Bangladesh), Singhabad (India) Rohanpur (Bangladesh), Radhikapur (India) – Birol (Bangladesh) with Haldibari-Chilahati forming the 5th such link.
India’s merchandise exports in July 2021 was USD 35.17 billion, highest ever monthly achievement, which showed an increase of 47.91% over USD 23.78 billion in July 2020 and an increase of 34.06% over USD 26.23 billion in July 2019.
In the next five years, Hindustan Zinc Ltd would invest around US$ 1 billion (~ Rs. 7,440 crore) across its eight mines to replace diesel-powered trucks and equipment with battery-powered vehicles, according to company CEO Mr. Arun Misra.
Non-performing assets (NPAs) or bad loans of banks have declined by Rs 61,180 crore to Rs 8.34 lakh crore at the end of March 31, 2021, as result of various steps taken by the government, Minister of State for Finance Bhagwat K Karad said on Monday.
The Kuthrian tunnel, part of the Mannuthi-Wadakkanchery stretch of the National Highway in Kerala was opened on Saturday evening. This comes after Union Minister for Road Transport and Highways Nitin Gadkari instructed to open one side of the Tunnel in a tweet.
The gross GST revenue collected in the month of July 2021 is ₹ 1,16,393 crore of which CGST is ₹ 22,197 crore, SGST is ₹ 28,541 crore, IGST is ₹ 57,864 crore (including ₹ 27,900 crore collected on import of goods) and Cess is ₹ 7,790 crore (including ₹ 815 crore collected on import of goods).The above figure includes GST collection received from GSTR-3B returns filed between 1st July 2021 to 31st July2021 as well as IGST and cess collected from imports for the same period.
