News on Indian Economy
India INX Global Access IFSC Ltd, a wholly-owned subsidiary of BSE’s India INX, has tied up with Sova Capital, a London-based emerging markets broker-dealer, to offer Indian investors access to the Russian securities market.
Indian Railways have sought private participation in designing new freight wagons, according to a new wagon design policy issued by the government aimed at tapping outside expertise in an area that was a preserve of the Research Designs & Standards Organisation (RDSO), the R&D wing of Indian Railways.
India had provided AC Diesel Multiple Units under the loan facility
iscussion will focus on addressing the large trade deficit, market access issues and non-tariff barriers faced by Indian exporters. The discussion will also feature investment related issues.
Mango and pomegranate exports will start from Jan – Feb 2022 and pomegranate aril exports from Apr 2022. Exports of Alfalfa hay and cherries from USA will begin in Apr 2022.
ri Nitin Gadkari, Union Minister for Road Transport and Highways, virtually laid the foundation stone for ten national highway projects totalling 336 kilometres and costing Rs 14,169 crores in Mathura, Uttar Pradesh. With the completion of the Mathura-Hathras-Budaun-Barielly Highway, traffic congestion at pilgrimage and tourism sites will be alleviated.
According to data from global IP research and consultancy firm Sagacious IP, 5,000 patents were filed in AI in India in the decade 2011-2020. But of these, 86 per cent were filed in the last five years.
The Society of Manufacturers of Electric Vehicles (SMEV) said on Thursday that total electric vehicle sales in India are likely to reach around 10 lakh units this year, about equal to what was sold in the previous 15 years, owing to the high traction seen by electric two-wheelers. SMEV claimed in a statement that sales of electric two-wheelers (E2Ws) in the country more than doubled in 2021 to 2,33,971 units, driven by a robust traction of high-speed scooters, compared to 1,00,736 units in 2020.
According to a research report, the government’s Emergency Credit Line Guarantee Scheme (ECLGS), which was implemented in 2020 to help MSMEs affected by the COVID-19 pandemic, has prevented 13.5 lakh businesses from going bankrupt, saving 1.5 crore jobs.
North Eastern Railway, which is predominantly a passenger-oriented system, has established itself as one of the leading zones in providing safe, secure, faster, more comfortable, and dependable public transportation in the year 2021.
