News on Indian Economy
In order to further reduce carbon footprint, Coal India Ltd (CIL), Ministry of Coal has recently initiated the process of retrofitting Liquefied Natural Gas (LNG) kits in its dumpers – the big trucks engaged in transportation of coal in mines. CIL, the world’s largest coal miner uses over 4 lakh kilolitres of diesel per annum with an expense of over Rs. 3,500 crore.
According to data from the National Payments Corporation of India (NPCI), Unified Payments Interface (UPI) crossed US$ 100 billion in a month for the first time in October, further cementing its position as India’s most popular digital payments system. A mammoth 4.2 billion UPI transactions amounting to Rs. 7.71 lakh crore (US$ 103 billion) were recorded in the month, indicating all-time highs on both counts for the five-year-old payments channel.
Pakal Dul HE Project (1000 MW) is being constructed by Chenab Valley Power Projects [P] Ltd. a joint venture company of NHPC Ltd (Govt of India Enterprise) and JKSPDC (Govt of J&K Enterprise). CVPPPL has been entrusted 3094 MW Hydro Power Projects for construction in J&K. Marusudar River is a major tributary of Chenab River. Diversion of River will pave the way for acceleration in construction activities of the Project.
According to provisional data released by the government, India’s merchandise exports in October rose 42.33% to US$ 35.47 billion.
Manufacturing activity enhanced to an 8-month high in October due to festival demand, but it failed to arrest employment cut off by firms as existing manpower were adequate to meet the rising demand, revealed IHS Markit Purchasing Managers Index (PMI) survey.
People’s massive turnout to purchase local products this festival, in response to Hon’ble Prime Minister’s appeal, has done wonders for Khadi. On 30th October, the single-day sale of Khadi at its flagship outlet at Connaught Place, New Delhi, stood at a whopping Rs 1,29,05,000 (Rs 1.29 crore), surpassing all previous records. Earlier, the highest ever single-day sale of Khadi was recorded at Rs 1,28,33,000(Rs 1.28 crore) on 2nd October 2019.
Power Grid Corporation of India Limited (POWERGRID), successfully inaugurated Remote operation of 250th Sub-station of POWERGRID (765/400 kV Khetri Sub-station, Rajasthan) from it’s National Transmission Asset Management Centre (NTAMC) at Manesar, Haryana.
The Leh administration has expanded oxygen supply in the forward areas by adding new plants as villagers and troops along the LAC (line of actual control) with China prepare for a harsh winter amid an uneasy border calm.
Shri C V Raju, a grassroots innovator from Etikoppaka village, Visakhapatnam, Andhra Pradesh, is preserving the traditional method of making Etikoppaka toys, a proud heritage rooted in his village, by making vegetative dyes and developing technologies for increasing the shelf life of the dyes.
The Minister inaugurated the launching function of three Floating Border Out-Posts (FBOP) for the Border Security Force and two Fully Electric Autonomous Ferries for ASKO Maritime AS, Norway, which are amongst the world’s first Autonomous Ferries.
