News on Indian Economy
According to the Quick Estimates released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of Agricultural and Processed Food Products Export Development Authority (APEDA) products has witnessed 21.8% growth in terms of US$ during April-August 2021 over the same period of the previous year.
Foundation for Environment Education in Denmark (FEE) which accords the globally recognized eco-label – Blue Flag certification, has also given re-certification for 8 nominated beaches Shivrajpur-Gujarat, Ghoghla-Diu, Kasarkod and Padubidri-Karnataka, Kappad-Kerala, Rushikonda- Andhra Pradesh, Golden-Odisha and Radhanagar- Andaman and Nicobar, which were awarded the Blue Flag certificate last year.
“Dynamatic has been associated closely with Boeing as a strategic tier-1 supplier partner for over a decade,” says Dynamatic’s chief executive Udayant Malhoutra. “The award for manufacturing aerostructures for the F-15EX Eagle II to Dynamatic is a testimony of our partnership with Boeing.”
Of the total 14.65 lakh net subscribers, around 9.02 lakh new members have come under the social security umbrella of EPFO for the first time. Around 5.63 lakh net subscribers exited but rejoined EPFO by changing jobs within the establishments covered by EPFO. This shows that majority of subscribers opted to continue their membership with EPFO, by transferring their past accumulations from previous job to the current PF account rather than applying for final withdrawal.
‘Dwarf’ containers provide a 67% increase in volume when double-stacked and can carry a weight of 71 tons, against 40 tons by an ISO container. In addition, Indian Railways has offered 17% discount on haulage cost compared to double stack ISO container trains, resulting in an overall 33% discount to shippers making Indian Railways competitive. Thus the rail movement of cargo through Dwarf containers has the potential to lower the EXIM logistics costs, making Indian exports globally competitive
According to a report released on Monday by global consulting firm Kearney in collaboration with the Confederation of Indian Industry (CII), India’s vaccines industry could grow from US$ 2 billion to US$ 4 billion or even US$ 5 billion as new Indian and global pharmaceutical companies include vaccines as a key part of their portfolios.
“Government is going to Institutionalise a 24 hours “Helpline” for assistance to exporters and resolution of issues “said Mr. Piyush Goyal at the launch of nation wide celebrations of iconic week for Amrit Mahotsav for Commerce & Industry Ministry .
Mr. Jana added, “TV brands are collaborating with e-commerce websites and leveraging them for product launches to reach maximum number of customers. This collaboration of key brands with e-commerce websites is benefitting customers in terms of affordability and accessibility.”
“The BRO created history again on 30 August when Major Aaina of Project Shivalik took charged as Officer Commanding, 75 Road Construction Companies (RCC) at Pipalkoti in Chamoli district in Uttarakhand. She is the first Indian Army Engineer Officer to command a road construction company. Not only this, all three platoon commanders under her, Captain Anjana, AEE (Civ) Bhawana Joshi and AEE (Civ) Vishnumaya K are lady officers and they have together created a first-ever women RCC. The Border Roads plans to make four such all women-led RCCs, two each in North Eastern and Western Sectors.”
The Department of Space (DoS) plans to realise entirely-built rockets — GSLV-Mk III and SSLV — from Indian industry partners, in addition to PSLV, according to a top official of its commercial arm NSIL.
