Economy

News on Indian Economy

Cargo Ship Sails from Patna to Pandu Heralding A New Age of Logistics for Assam

The vessel starts its sail on National Waterway-1 (river Ganga) through Bhagalpur, Manihari, Sahibganj, Farakka, Tribeni, Kolkata, Haldia, Hemnagar; Indo Bangladesh Protocol (IBP) route through Khulna, Narayanganj, Sirajganj, Chilmari and National Waterway-2 through Dhubri, and Jogighopa covering a distance of 2,350 km. The vessel will take about 25 days to cover the entire voyage and is expected to reach Pandu in Guwahati by early March.

One District One Product (ODOP) Mission of Centre Takes A Giant Technology Boost

ODOP partnered with AGNIi Mission, one of the nine technology missions under the Prime Minister’s Science, Technology and Innovation Advisory Council to identify Indian innovative technologies that can play a transformative role in the end-to-end processing of Lakadong Turmeric, starting with leveraging payload drones (UAVs) to transport the turmeric in large quantities.

Year-on-Year Sugar Production Till January 31 Up by 5.6%, Says ISMA

Indian Sugar Mills Association (ISMA) stated that the YoY production of sugar rose 5.6% till 31st January, 2022. According to ISMA, 507 sugar mills were operating in the country on January 31, 2022, producing 187.08 million tonnes of sugar. That is 10.02 lac tonnes more than the previous season’s production for the same period.

Exports Rise by 23.69% to $34 Billion in Jan

According to provisional data from the commerce ministry, the country’s exports increased by 23.69% to US$ 34.06 billion in January, owing to strong performances in the engineering, petroleum, and gems and jewellery segments, despite the trade deficit widening to US$ 17.94 billion.

Summary of Union Budget 2022-23

The Finance Minister said, India is celebrating Azadi ka Amrit Mahotsav and it has  entered into Amrit Kaal, the 25-year-long leadup to India@100, the government aims to attain the vision of  Prime Minister outlined in his Independence Day address

National Highways Network To Be Expanded By 25000 Km In 2022-23

PM GatiShakti is a transformative approach for economic growth and sustainable development. The approach is driven by seven engines, namely, Roads, Railways, Airports, Ports, Mass Transport, Waterways, and Logistics Infrastructure. While presenting the Union Budget 2022-23 in Parliament on Tuesday the Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman said all seven engines will pull forward the economy in unison.