News on Indian Economy
Perhaps the biggest upside of the rapid increasing digital penetration has accrued in the public digital infrastructure space. UPI has changed the way money moves in India.
India’s forex reserves have increased by USD 1.919 billion to USD 642.019 billion for the week ended October 29 on a healthy increase in the currency assets and value of gold, the Reserve Bank said on Friday.
India, Indonesia and the Philippines will join South Africa as the first recipients of a multibillion dollar pilot programme aimed at accelerating their transition from coal power to clean energy, the Climate Investment Funds (CIF) said on Thursday.
Taking to Twitter, Indian High Commission in Sri Lanka said that the delivery was in response to a call by the Sri Lankan government for urgent support in airlifting nano fertilizers.
According to the Central Government 42 firms out of 52 have been selected under the Production-Linked Incentive (PLI) Scheme for white goods. 26 firms would invest Rs. 3,898 crore (US$ 522.97 million) for air conditioner components and 16 firms would invest Rs. 716 crore (US$ 96.06 million) for LED component manufacturing.
Lt. Governor Ladakh R.K. Mathur today met 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 and thanked the Council of Scientific and Industrial Research (CSIR) under the aegis of Union Ministry of Science & Technology for promoting “Leh Berry” which is an exclusive food product of the cold desert and also a means of wide-ranging entrepreneurship as well as self-livelihood.
NNTPC Ltd has informed to the exchanges regarding completion of trial operation by 660 MW capacity unit of Barh Super Thermal Power Project.
Under the National Supercomputing Mission, India has increased its capability by adding a 650-teraflops system at the National Agri-Food Biotechnology Institute (NABI) in Mohali. The system was inaugurated by the minister of state for science and technology Jitendra Singh on Tuesday. The facility has been established at the cost of ₹20 crores.
The Indian delegation was led by Shri B.V.R. Subrahmanyam, Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India and the Bhutanese delegation was led by H.E. Dasho Karma Tshering, Secretary, Ministry of Economic Affairs, Royal Government of Bhutan.
In a historical achievement, CRS authorization has been received for introduction of AC electric traction to & from Guwahati railway station. Guwahati is the biggest and busiest railway station of Northeast being located in the capital of Assam. So the biggest city of Northeast is now literally connected with all metros and other big cities through 25KV AC traction.
