News on Indian Economy
With an aim to boost crops production in India, an ex-NASA scientist, Parag Narvekar has developed an affordable sensor in Nashik. The sensor, which used to cost Rs 1.5 lakh each, can now be availed at Rs 10,000 by the farmers in the country.
In order to bring relief to the most vulnerable, a record allocation 109.33 LMT food grains for free of cost distribution for Uttar Pradesh has been made under PMGKAY. Over 14.71 Crore persons of Uttar Pradesh are being benefited through the said scheme. The cost of these food grains amounts to Rs 40093 crores.
According to Mr. GR Chintala, Chairman, National Bank for Rural and Agriculture Development (NABARD), the agriculture exports market in India is expected to exceed US$ 40 billion in FY22, due to solid demand worldwide for commodities such as oilseeds, oilcakes, cotton, sugar, non-basmati rice. The enhanced understanding of the Indian farmers of the world’s market is also expected to contribute to the export growth.
With Rakhi around the corner, the Tribes India catalogue now features an exclusive Rakhi corner, where one can find attractive hand made rakhis from different tribes of India, pooja items such as ornate metal pooja boxes and torans. Other than this, colourful kurtas for both men and women, salwars, jackets in different types of weaves and styles, and a range of sarees, dresses and beautiful stoles in the Maheshwari, Chanderi, Bagh, Kantha, Bhandara, Tussar, Sambhalpuri and Ikat traditions etc are also featured in Tribes India outlets and websites.
Recently, NTPC has also commissioned India’s largest Floating Solar of 10 MW (ac) on the reservoir of Simhadri Thermal Power Plant, Andhra Pradesh. An additional 15 MW (ac) would be commissioned by August 2021.
Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman, Minister of State for Finance Dr Bhagwat Kisanrao Karad and Secretary, Department of Financial Services Shri Debashish Panda at the BHIM-UPI launch in New Delhi on Tuesday.
On Monday, the Reserve Bank of India (RBI) introduced the ‘RBI Retail Direct’ scheme to enable retail investment into government securities.
State-owned BHEL has bagged an order worth Rs 1,405 crore from the Nuclear Power Corporation of India Ltd for supply of 12 nuclear steam generators.
As part of India’s playbook of helping build a South Asia-focused energy security architecture, state-run hydropower generator SJVN Ltd has pitched for more hydropower projects from Nepal.
In a major initiative which would boost mango export potential from the eastern region especially to middle eastcountries, a consignment of Geographical Identification (GI) certified Fazil mango variety sourced from Malda district of West Bengal was exported today to Bahrain.The consignment of Fazil mango was exported by APEDA registered DM enterprises, Kolkata and imported by Al Jazira group, Bahrain.
