News on Indian Economy
The Indian Railways has floated a tender for 58 rakes of the new Vande Bharat Express trains. Earlier this year, the Railways had filed a tender for 44 rakes of Vande Bharat. In total, the Railways is targeting that as many as 102 Vande Bharat trains would be ready by 2024.
The web version of e-GOPALA application developed by National Dairy Development Board (NDDB) has been launched on Saturday to aid dairy farmers. The NDDB has launched the web version of e-GOPALA application and IMAP web portal on Saturday which provides real-time information to dairy farmers for better productivity of dairy animals, a statement said.
Amid concerns over unemployment in the ongoing pandemic, a first of its kind food park for tribals in Jagdalpur block of Bastar district in Chhatisgarh is all set to begin operations in the coming months. It is being cited as a move that will steer sustainable livelihood opportunities and check migration.
There has been a sharp increase in Jan Dhan accounts since the scheme was started. As on August 18, the number of total PMJDY accounts were 43 crore and 55.5% (23.9 crore) Jan Dhan account holders are women and 66.7% (28.7 crore) are in rural and semi-urban areas.
“These roads are strategically important for the security of the country and will be used by ITBP and military personnel for logistics and carriage of ammunition etc. to protect Indian territory up to international border,” said the minutes of the 7-August meeting, which were published last week.
Northern Coalfields Limited (NCL), the Singrauli based Coal India subsidiary under the Ministry of Coal has dispatched the highest ever coal in a single day. On 27th August,2021 the company’s offtake grew to a whopping 3.87 lakh tonnes.
After operationalising the country’s first cutting edge technology equipped oil rig, made under the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives of Prime Minister Narendra Modi, at it’s Kalol oil field, the Oil and Natural Gas Corporation (ONGC) will have it’s second oil rig operational within twenty days, according to the company.
As part of a Comprehensive Economic Cooperation Agreement (CECA), India and Australia are looking to conclude an early harvest scheme — covering tariff cuts on items that account for nearly half the trade as well as easier rules for service sectors — by December, over a decade after talks first started.
The RBI is studying various aspects of a digital currency including its security, impact on India’s financial sector as well as how it would affect monetary policy and currency in circulation, according to the governor.
India’s wearables market grew 118.2% YoY in the June 2021 quarter at 11.2 million units with robust shipments from homebased brands in earwear and watches propelling this growth, according to research firm IDC.
