News on Indian Economy
Honeywell Hometown Solutions India Foundation (HHSIF), the philanthropic arm of multinational conglomerate Honeywell, said on Monday that it will spend Rs. 10 crore (US$ 1.36 million) in 50 institutions across the country to establish centres of excellence for skill development in collaboration with ICT Academy.
According to sources aware of the development, Apple Inc. is producing 70% of the mobile phones it sells in the domestic market in India, as part of a significant push toward “Make in India.”
Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh today inaugurated the latest upgraded state-of-the-art Doppler Weather Radar (DWR) & Indigenous GPS based Pilot Sonde at Indian Meteorological Office in Jammu, and said, like other parts of the country, Jammu has become a part of India’s giant scientific leaps under Prime Minister Narendra Modi.
The aircraft took off from HAL airport at 2 09 PM and flew at an altitude of 4000 ft. and gained a speed of 80 knots before it made a successful landing after about 20 minutes. Capt. Amit Dahiya, test pilot, who has flown the maiden flight has expressed his happiness and told that all the flight parameters were found normal and it is a Text Book flig
Out of total 11,76,300 employees of Railways, registered employee beneficiaries are 11,24,058. Total HMIS employee cards generated are 10,33,143. Card generated is persons who have got their UMID card made. Out of total 16,52,082 pensioners of Railways, registered pensioners beneficiaries are 4,83,592. Total HMIS pensioners beneficiaries cards generated are 3,75,440. Employees have average 3-4 dependent and pensioners have 2-3 dependents.
When the Reserve Bank of India announces its foreign exchange reserves statistics on Friday, India’s foreign exchange reserves will climb significantly. On August 23, 2021, the International Monetary Fund (IMF) provided India a Special Drawing Rights (SDR) allocation of 12.57 billion, which is around US$ 17.86 billion.
In August, UPI processed 3.55 billion transactions, which is a new milestone for the payment network since its inception. In terms of value, UPI transactions were Rs. 6.39 trillion (US$ 87.47 billion) in August, which is a new high. In August, UPI’s volume of transactions increased by 9.5% month over month (MoM), while the value of transactions increased by 5.4%.
The patent certificate was issued to the Commission’s Kumarappa National Handmade Paper Institute (KNHPI) at Jaipur, on 2nd August 2021, by the Controller of Patent at the Government of India’s The Patent Office.
As of March 2021, the Life Insurance Corporation of India’s asset base had surpassed Rs. 38 lakh crore (US$ 520.38 billion), with total investments of Rs. 36,76,170 crore (US$ 503.50 billion) and a life fund of Rs. 34,36,686 crore (US$ 470.70 billion).
NTT India’s chief executive officer, Mr. Sharad Sanghi, said, “We have invested in six data centre parks around the country, and we are growing these. Five have already been signed, and building is underway in various stages, with the sixth one nearing completion.”
