News on Indian Economy
These new assets which will come up at Khed City, will manufacture speciality vehicles, certain systems and aggregates that go into artillery guns and an assembly plant which will also house a testing facility, a top Bharat Forge official said.
On Saturday, the Finance Ministers of G-7 countries, including the US, the UK, Japan, Italy, Germany, France and Canada attained a historic contract on taxing multinational firms as per which the minimum global tax rate would be at least 15%.
The ambitious double-tube Banihal-Qazigund tunnel along the 270-km Jammu-Srinagar national highway built at a cost of Rs 2,100 crore is going through the testing and commissioning process and is likely to become operational in coming weeks, officials of the construction company said on Sunday.
“Our partnership is strong, and the second wave has not dented the world’s enthusiasm in India…Like the last wave, the economic agenda will rebound,” O’Farrell said, appreciating the way the country had handled the second wave through calibrated and targeted lockdowns.
Procurement of Wheat in ongoing RMS 2021-22 is continuing smoothly in the procuring States at MSP, as was done in previous seasons and till now (upto 04.06.2021) a quantity of over 413.91 LMT of Wheat has been procured (which is all time high, as it has exceeded previous high 389.92 LMT of RMS 2020-21) against the last year corresponding purchase of 368.45 LMT. About 45.06 Lakh farmers have already been benefitted from the ongoing RMS procurement operations with MSP value of Rs. 81,747.81 Crore
Prime Minister Narendra Modi on Saturday said the target date for achieving 20 per cent ethanol-blending with petrol has been advanced by five years to 2025 to cut pollution and reduce import dependence.
The gross GST revenue collected in the month of May 2021 is₹1,02,709 crore of which CGST is ₹17,592 crore, SGST is ₹22,653, IGST is ₹53,199 crore (including ₹26,002 crore collected on import of goods) and Cess is ₹ 9,265 crore (including ₹868 crore collected on import of goods).T
In order to improve mobile network services in Ladakh, nearly 100 towers would be installed in next couple of months. The Union Territory Administration also sought help from Army for quicker installation towers and OFC cable laying in bordering villages.
On Thursday, the market capitalisation of Wipro reached Rs. 3 trillion (US$ 41.09 billion) for the first time, making it the third Indian IT company to attain the milestone following Tata Consultancy Services and Infosys.
Indian Railways (IR) is working in mission mode to become the largest Green Railways in the world and is moving towards becoming a “net zero carbon emitter” before 2030. Railways is guided by a holistic vision of being an environment friendly, efficient, cost effective, punctual and a modern carrier of passengers as well as freight in order to serve the growing needs of New India. IR is looking at helping the environment with steps ranging from massive electrification, water & paper conservation, to saving animals from being injured on Railway tracks.
