News on Indian Economy
The Department of Telecommunications had in May allocated 5G trial spectrum in 700-megahertz (MHz), 3.2-3.6-gigahertz (GHz), and 24.25-28.5-GHz bands to Airtel, Jio, and Vodafone Idea to develop India-specific use-cases. Jio is using standalone 5G architecture for its trials and this will include testing of core and radio network for peak speed, latency, and data loads, said a source.
Secretary, department of Commerce, Government of India Dr Anup Wadhawan today said that Government e-Marketplace (GeM) is providing increasing market access to seller groups like MSEs, Women SHGs, Startups reinforcing the Make in India Initiative and Govt of India’s policy to promote local MSEs.
Videsh is in process to raise US$ 525 million in overseas foreign money loans from a mixture of home and overseas lenders to repay bonds maturing subsequent month.
The Centre on Tuesday said a total of 28 seaplane routes and 14 water aerodromes across the country are in various stages of development with an investment of Rs 450 crore.
India’s unemployment rate dropped sharply last week, in the first sign that Asia’s third-largest economy may be turning a corner after the world’s worst coronavirus outbreak.
Shri Arun Singhal, Chief Executive Officer, Food Safety and Standards Authority of India (FSSAI), Shri Sanjeev Kumar Chaddha, Managing Director, Nafed and Shri Atish Chandra, Chairman & Managing Director, Food Corporation of India (FCI) also present on the E-launch.
On June 14, 2021, the Reserve Bank of India (RBI) announced to allow prepaid mobile recharges through the Bharat Bill Payment System (BBPS).
On Monday, according to a new report, live commerce market in India is expected to register a gross merchandise value (GMV) of US$ 4 billion – US$ 5 billion by 2025, driven by beauty and personal care (BPC) products.
Paytm said, “Paytm users can now explore, find and book the available vaccination slots for both Covaxin and Covishield vaccines at the nearby centre via the Paytm app. The feature would benefit Indians effortlessly book vaccination slots and gain immunity, assisting in combating the ongoing pandemic.”
In a major boost to agri-exports potential of eastern region, the first commercial consignment of Geographical Indications (GI) certified Jardalu mangoes from Bhagalpur, Bihar was exported today to United Kingdom.APEDA,in collaboration with Bihar government, Indian High Commission & Invest India, exported juicy & aromatic mangoes which were packed and treated at APEDA packhouse in Lucknow.With distinct aroma and taste, Jardalu mangoes from Bhagalpur district of Bihar received GI certification in 2018.
