News on Indian Economy
Twitter Inc no more enjoys liability protection against user-generated content in India as the US microblogging giant has failed to comply with new IT rules, the Indian government said in a court filing.
The gross GST revenue collected in the month of June’ 2021 is₹92,849 crore of which CGST is ₹16,424 crore, SGST is ₹20,397, IGST is ₹49,079 crore (including ₹25,762 crore collected on import of goods) and Cess is ₹6,949 crore (including ₹809 crore collected on import of goods).
In a step towards boosting horticultural crops exports, a first commercial shipment of Mishri variety of luscious cherries from Kashmir valley has been exported to Dubai from Srinagar.APEDA assisted the shipment of cherries to Dubai by MS Desai Agri-Food Private Limited, a venture company of MS Innoterra, Dubai.
A passenger train – Rajdhani Express from Assam’s Silchar railway station – reached the Vaingaichunpao railway station in Manipur for a trial run on Friday, putting the state on the Indian Railways map.
In June 2021, foreign portfolio investors (FPIs) turned net buyers by investing Rs. 13,269 crore (US$ 1.78 billion) into the Indian markets.
A unique scientific exercise serving the combined national objectives of reducing desertification and providing livelihood and multi-disciplinary rural industry support has been initiated by Khadi and Village Industries Commission (KVIC). The project named “Bamboo Oasis on Lands in Drought” (BOLD) is the first of its kind exercise in India which was launched on July 4- 2021 from the tribal village NichlaMandwa in Udaipur, Rajasthan.
Acknowledging Garmin’s initiative to incorporate NavIC in the two GPSMAP 65s and 66sr handheld devices, Indian Space Research Organisation ISRO has asked the organisation to make NavIC an integral part of all its upcoming satellite navigation-based devices being launched in India.
The Council of Scientific and Industrial Research (CSIR) has started working with the coal and petroleum industries to generate chemicals that form the main therapeutic components in various medicines, in a bid to permanently address India’s dependence on China for active pharmaceutical ingredients (APIs).
The merchandise exports grew 47 per cent YoY to $32.46 billion in June, driven by a robust demand of engineering goods, petroleum products, and gems and jewellery in the external markets.
Garden Research Shipbuilders announced that it has won an order from the government of Bangladesh for supply of patrol boats. Garden Reach Shipbuilders received an order from the department of fisheries, Government of the People’s Republic of Bangladesh for supply and construction of six patrol boats. The total cost of the order is valued at $1.82 million.
