India and UK Launch Free Trade Agreement Negotiations
The Minister said that the FTA with UK is expected to provide certainty, predictability and transparency and will create a more liberal, facilitative and competitive services regime.
Economy
News on Indian Economy
In the Last Seven Years, the Number of Medical Colleges has Gone Up to 596, An Increase of 54%
The Prime Minister, Shri Narendra Modi inaugurated 11 new medical colleges and a new campus of Central Institute of Classical Tamil (CICT) in Tamil Nadu today through video conference. Union Minister Dr Mansukh Mandaviya, Dr L Murugan and Dr Bharati Pawar, Chief Minister Tamil Nadu Thiru M.K.Stalin were present on the occasion.
India, South Korea Set $50 Billion Bilateral Trade Target Before 2030
South Korea’s Trade Minister Yeo Han-Koo met with India’s Commerce and Industry Minister Piyush Goyal in New Delhi on Tuesday, setting a bilateral trade aim of $50 billion by 2030.
Textile Sector Exports Increase by 41% in April- December 2021 as Compared to Last Year
Even in comparison to the pre-pandemic year, 2019-20, textile sector exports (Textiles & Apparel including Handicrafts) climbed by 14.6% from April to December 2021 as compared to April to December 2019. Textiles saw a 31% increase in exports, Cotton Yarn/Fabrics/Made-ups, Handloom items, etc. saw a 43% increase, and Jute products saw a 33% increase from April to December 2021, compared to April to December 2019.
Indian Passport Climbs 7 Spots to 83 in ’21 Index
The Henley Passport Index (HPI) says the desi passport rose seven position to become the world’s 83rd most powerful document last year, up from 90th in 2020, when this number of countries was 58.
Total Employment in 9 Select Sectors Rises to 3.10 Crore in July-Sep 2021
According to a quarterly employment survey issued on Monday by the labour ministry, total employment created by nine key industries stood at 3.10 crore in the July-September 2021 quarter, which is 2,00,000 more than the April-June period.
Researchers Develop Improved Natural Draft Charcoal Retort
Now, researchers at the Indian Institute of Technology (IIT), Guwahati, have developed a novel improved natural draft charcoal retort (INDCR) to address the technological and capital investment challenges of Indian charcoal makers.
India to Add 10 GW Renewable Energy Capacity in 2022
The consultancy’s early estimates for total capacity addition in 2021 is 11.2 GW, split between utility-scale solar with 7.8 GW, rooftop solar with 1.8 GW, and wind with 1.6 GW, 30 per cent below their projection for the year.
In A First, Indians can Now Access Trading in Russian Securities: India INX
India INX Global Access IFSC Ltd, a wholly-owned subsidiary of BSE’s India INX, has tied up with Sova Capital, a London-based emerging markets broker-dealer, to offer Indian investors access to the Russian securities market.
Railways Unveil New Wagon Design Policy
Indian Railways have sought private participation in designing new freight wagons, according to a new wagon design policy issued by the government aimed at tapping outside expertise in an area that was a preserve of the Research Designs & Standards Organisation (RDSO), the R&D wing of Indian Railways.