November 29, 2024

Economy

News on Indian Economy

Defense Infrastructure

Last Blast of Sela Tunnel’s Escape Tube Conducted by DG Border Roads Through Video Conferencing

On completion, Sela Tunnel will be the longest bi-lane road tunnel in the world at an altitude above 13,000 feet. This unique tunnel constructed using the latest New Austrian Tunneling Method (NATM), is much below the snow line allowing all weather travel without the challenges of snow clearance. The Sela Tunnel will prove to be a boon for the people of Tawang as it will reduce travel time and ensure speedier movement across the Sela Pass. It will play a crucial role in the development of not just Arunachal Pradesh, but the entire North-East.In case of natural calamities and adverse weather, it can prove to be a vital link for evacuation of personnel.

By Kautilya / July 26, 2021
Economy Governance

Over 11.29 Crore Loans Worth ₹. 6.41 lakh Crore Disbursed Under Pradhan Mantri Mudra Yojana (PMMY) Across Country During FY20 and FY21

Under Pradhan Mantri Mudra Yojana (PMMY) over 11.29 crore loans amounting to Rs. 6.41 lakh crore have been disbursed across the country during FY 2019-20 and FY 2020-21 as informed by Member Lending Institutions (MLIs). This was stated by Minister of State for Finance Dr. Bhagwat Kisanrao Karad in a written reply to a question in the Rajya Sabha today.

By Kautilya / July 26, 2021
Economy Heritage Infrastructure

Lighthouses Could Become Tourism Spots in India in the Near Future

India might soon be getting world-class facilities at its lighthouses. According to reports, the Marine Aids to Navigation Bill, 2021 was introduced in the Rajya Sabha. The bill was passed by the Lower House of the Parliament, and it aims to bring heritage lighthouses in the country to the forefront. The bill repels the archaic Lighthouse Act, 1927, which currently controls the lighthouses in India.

By Kautilya / July 25, 2021
Economy Governance

India has Improved its Score in Ease of Cross-Border Trade: UN

India has made noticeable progress in ease of cross-border trade, a UN survey, which tracked 143 economies on key trade facilitation parameters over a two-year period, said. According to the latest UN Global Survey on Digital and Sustainable Trade Facilitation, India’s rank moved up from 78.49% in 2019 to 90.32% in 2021. The biannual survey deals exclusively with trade facilitation measures taken up by countries.

By Kautilya / July 25, 2021
Infrastructure

Indian Railways to Roll Out Over 800 New ‘Economy’ AC 3-Tier Coaches Soon

The Indian Railways will soon roll out 806 new air-conditioned three-tier “economy” coaches this fiscal to offer the “cheapest and best AC travel in the world,” news agency PTI reported on Tuesday, quoting railway officials. Economical in nature, these coaches will have a fare ranging between that of AC three-tier coaches and non-AC sleeper class coaches, the officials further said.

By Kautilya / July 24, 2021
Economy Governance

Progress in Doubling Farmer Income

In case of production the farmers have been registering higher productivity across all segments of Agriculture. There has been record growth in total output of food grains, oilseeds, horticulture, milk and so on. The annual production under various sectors has increased appreciably as seen at the end of the year 2020-21. These include a food grains output of 303.34 MTs as against 252.23 MTs(2015-16); 326.58 MTs of fruits & vegetables as against 259.3 MTs (2015-16); 208 MTs of milk as against 155.49 MTs (2015-16).

By Kautilya / July 24, 2021