India Exports 9.39 Lakh Tonnes of Sugar So Far This Marketing Year: AISTA
Mills have contracted to export 33 lakh tonnes of sugar without the government subsidy so far in the 2021-22 marketing year, it added.
Economy
News on Indian Economy
India, Russia Discuss Collaboration in Shipbuilding, Inland Waterways
India and Russia can collaborate in the fields of civilian shipbuilding and inland waterways, Union minister Sarbananda Sonowal said on Monday.
Installed Capacity of Solar Energy in India Increased by More than 18 Times Between March 2014 to October 2021
As per India’s third BUR submitted to the UNFCCC in February 2021, total GHG emissions, excluding Land Use Land-Use Change and Forestry (LULUCF) in 2016 were 2,838.89 million tonne CO2e and 2,531.07 million tonne CO2e with the inclusion of LULUCF.
Share of Women Pilots in India is 15% which is Significantly Higher Than the International Average of 5%
The Women in Aviation International (WAI) – India Chapter conducts many awareness programs across the country in collaboration with the Ministry of Civil Aviation, industry and leading women aviation professionals, with special focus on young schoolgirls, especially from low income families. Globally, according to the International Society of Women Airline Pilots, around 5% of pilots are women. In India, the share of women pilots is significantly higher – at over 15%.
Crypto Bill can Take India to the Forefront of Blockchain Tech’
India’s messaging on cryptocurrencies has so far been mixed however the proposed bill that is likely to be introduced in the winter session of parliament allows New Delhi to bring in a progressive regulatory framework that could propel the country to the forefront of blockchain, as stated by the leaders of global crypto exchanges.
India’s Exports of Agricultural and Processed Food Products Witness an Increase of More than 13 Per Cent
The export of products under the Agricultural and Processed Food Products Export Development Authority (APEDA) ambit grew from US$ 11,671 million between April-November 2020-21 to US$ 13,261 million between April-November 2021-22. Under AEPDA basket products, the target for exports has been fixed at US$ 23,713 million between 2021-22.
Most of India’s $1.1 Trillion Growth in Next 11-Year can Come From Yet to be Invented Digital Businesses: Report
In the next 11 months, yet to be invested, ancillary digital asset-related business can be a significant component for India’s US$ 1.1 trillion growth story. The market capitalization of the digital asset market was around US$ 1.5 billion in 2013. According to the report released by US India Strategic and Partnership Forum (USISPF) and crossTower, the market capitalization of the digital asset market is approximately US$ 3 trillion today. The report claims that most of India’s total economic growth in the coming 11 months may be from ancillary digital asset businesses, which are yet to see investments.
India has the 4th Largest Foreign Exchange Reserves in the World: MoS Finance
To another question he replied that the total excise duty, including cesses collected from petroleum products, during the past seven financial years (2014-15 to 2020-21) stood at about Rs. 16.7 lakh crore (US$ 221.8 billion).
India’s Payments Transaction Volumes Grew 53% in 12 Months
UPI payments had grown by 100% year-over-year in terms of value, reaching Rs. 7.7 lakh crore (US$ 102.3 billion) in October 2021. As per Mr. Rajeev Chandrashekhar, Minister of State for Electronics and Information Technology, digital payments had grown from 3,134 crore in FY2019 to 4,683 crore till mid-November 2021.
Government Takes Various Steps for Promotion of Manufacturing of Electric Vehicles
The incentive subsidies linked to the battery capacity, for e-2W are increased to Rs 15,000/ KWh (US$ 199.56/KWh) which was previously Rs 10,000/KWh (US$ 133.04/KWh).