News on Indian Economy
A new direct rail line from Bogura to Sirajganj in Bangladesh will be developed under a government of India Line of Credit (LoC). As a first step towards this an agreement between Bangladesh Railway and a joint venture company of India was signed on Monday, 27 September in Dhaka.
The Prime Minister, Shri Narendra Modi dedicated to the Nation 35 crop varieties with special traits through video conference. The Prime Minister also dedicated to the nation the newly constructed campus of National Institute of Biotic Stress Management Raipur. On the occasion, the Prime Minister also distributed the Green Campus Award to Agricultural Universities. He interacted with farmers who use innovative methods and address the gathering.
Unicommerce, an e-commerce-focused supply chain software-as-a-service platform, claims to handle over 1 million daily transactions with a gross merchandise value (GMV) of more than US$ 5 billion each year.
The Indian government is pulling out all the stops to achieve renewable energy (RE) capacity of 150 gigawatts (GW) by 2 October, said two people aware of the development, seeking anonymity.
The digital map defines Green, Yellow and Red Zones across the country for drone operations and is available on DGCA’s digital platform https://digitalsky.dgca.gov.in/home. The Green Zone consisting of the airspace up to 400 feet and up to 200 feet above the area located between 8-12 kilometres from the perimeter of an operational airport require no permission for operating drones with an all-up weight upto 500 kgs.
A ramp-up in COVID-19 vaccination, healthy advance estimates of kharif (summer) crop and faster government spending were the factors which led to the revision, the agency said in a statement.
India’s second-largest fuel retailer is looking to create a 1,000 MW portfolio of renewable power generation capacity
Trade with India grew 74.5% year-on-year to 67.1 billion dirham from 38.5 billion dirham in H1 2020.
“This is a historic step both for J&K and its people. Foreign travellers will soon be able to arrive directly in Srinagar,” civil aviation minister Jyotiraditya Scindia said at a joint press conference with J&K lieutenant governor Manoj Sinha. The media interaction followed a detailed review of all aviation matters related to the J&K, by Sinha and Scindia.
The figures of Direct Tax collections for the Financial Year 2021-22, as on 22.09.2021 show that net collections are at Rs. 5,70,568 crore, compared to Rs. 3,27,174 crore in the corresponding period of the preceding Financial Year i.e., FY 2020-21, representing an increase of 74.4%. The net collection (as on 22.09.2021) in FY 2021-22 has registered a growth of 27% over FY 2019-20 when the net collection was Rs. 4,48,976 crore.
