Big Push to Design, Make Semiconductor Chips in India Gets Cabinet Nod
The Union cabinet on Wednesday approved a budget of ₹76,000 crore for a production linked incentive (PLI) scheme for semiconductor and display board production in the country.
Economy
News on Indian Economy
India’s First; and One of World’s Largest Green Hydrogen Microgrid Projects to be Set Up at Simhadri
NTPC has awarded a project of “Standalone Fuel-Cell based Micro-grid with hydrogen production using electrolyser in NTPC Guest House at Simhadri (near Visakhapatnam)”. I
More Than 7 Lakh Companies Incorporated After Announcement of Make in India Programme
‘Make in India’, is an initiative launched on 25th September 2014, a major national programme of the Government of India designed to facilitate investment, foster innovation, build best in class infrastructure, and make India a hub for manufacturing, design, and innovation. This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha .
India, Uzbekistan Push State to State Co-operation to Boost Economic Ties
When Uzbek Deputy Prime Minister and Minister of Investments and Foreign Trade, Mr. Sardor Umurzakov met with Indian ambassador, Mr. Manish Prabhat, they discussed strengthening interregional cooperation, particularly between the Andijan region of Uzbekistan and the Gujarat state of India.
For the First Time Ever, Annual SIP Inflows Cross the INR 1 Lakh-Crore Mark
Domestic flows have somewhat offset the selling pressure from international portfolio investors, thanks to ongoing support from retail investors (FPIs). In 2019, the previous highest SIP flow in a calendar year was Rs 98,612 crore (US$ 12.99 billion).
India and the UAE to Wrap up the Comprehensive Economic Partnership Agreement (CEPA) by Next Month, Says Shri Piyush Goyal
Shri Goyal said the agreement will be a mutually beneficial win-win solution for both countries, “provide market access to each other. Some of the elements of the agreement are the first of its kind, particularly for both countries.”
Bharat Petroleum Collaborates with Bhabha Atomic Research Centre for Green Hydrogen production
Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company has collaborated with Bhabha Atomic Research Centre (BARC) to scale-up Alkaline Electrolyser technology for Green Hydrogen production. Presently, Electrolyser Plants are imported. This is a first of its kind initiative to support the country’s commitment to achieve renewable energy targets and reduce greenhouse gas emissions.
Khadi Goes Global Yet Again; US Fashion Brand “Patagonia” Chooses Khadi Denim for its Apparels
Khadi, the symbol of sustainability and purity, has taken a big stride in the global fashion arena. US-based world’s leading fashion brand, Patagonia, is now using handcrafted Khadi Denim fabric for making Denim apparels. Patagonia, through textile major Arvind Mills, has purchased nearly 30,000 meters of Khadi Denim Fabric worth Rs 1.08 crore from Gujarat.
India’s Demat Account Holders More Than Double in 3 Years to 7.38 Crore in October. 2021
The ratio of Mutual Fund investors and Demat Account holders to the Registered Investment Advisors (RIA) in India is around 76,510 : 1, the Minister added.
Doubling Farmers’ Income Through Export
Various steps have been taken by the government of India to increase the farmer’s income in which enhancement of agri- exports is also one of the main focus. Farmers can take advantage of the wider international market through agriculture export which leads to an increased income.